Most sales organizations face challenges with unifying their commercial strategies
Sales leaders say that aligning commercial functions, such as sales and marketing strategies, is their top priority for 2023, according to a survey by Gartner, Inc.
Gartner surveyed over 200 sales leaders in November and December 2022 to understand how sales teams align their go-to-market approach to changing customer needs.
“As buyer journeys become more complex, commercial organizations must deliver a more integrated human and digital customer learning experience,” said Billy Luckey, Director, Advisory in the Gartner Sales Practice.
“Breaking down silos between sales and marketing to ensure a seamless, multichannel purchase experience is an incremental, but fruitful, process,” said Luckey. “Sales organizations that align cross-functional KPIs are nearly 3 times more likely to exceed new customer acquisition targets.”
However, the survey revealed that most sales organizations face challenges with unifying their commercial strategies. For example, 62 per cent of respondents describe their sales and marketing functions as defining qualified leads differently. This often leads to inefficient and ineffective customer engagement.
Sales organizations are also torn on when and how to use human-led and/or digital-led channels when engaging with customers: According to a separate survey of 771 B2B buyers conducted in November and December 2022, 75 per cent of B2B buyers prefer a rep-free experience, but those who purchase through digital channels alone are more likely to regret their purchase. Concurrently, buyers who are led by sales reps are less likely to complete a high-quality deal.
“It’s imperative for commercial organizations to integrate digital and human-led channels to deepen customers’ understanding of their own needs, leading them to buy more than originally planned,” said Michael Katz, Director, Research in the Gartner Sales Practice.
“B2B organizations that unify commercial strategies and leverage multithreaded commercial engagements will realize revenue growth that outperforms their competition by 50 per cent.”
To do this, Gartner recommends sales organizations:
- Diagnose and evaluate their commercial organizations’ maturitycompared to competitors and peers across six key areas: audience understanding, messaging, measurement, revenue enablement, process design and customer data and systems. For example, sales leaders should look internally at how they are defining qualified leads and their go-to-market strategy.
- Prioritize which maturity area(s) map back to the larger organizational goals and develop a plan for integration, resources, and timeline.Each area is equally important but should be tackled according to what’s most pressing in the near-term.
- Launch a targeted strategy to address at least one gap in maturity through a process, motion, tool, or other solution.One example of a joint sales and marketing activity that contributes to progressive maturity within messaging might be establishing co-created integrated multichannel engagement.
Tags: GartnerSales leaders