Glossary
Action-based or Action-oriented Intelligence
Synthesized factors enabling a company to take direct action.
Action Oriented Intelligence is a result of deep primary research
into a target company.
Buy Cycle
Vendors too often focus on the sales cycle / sales process and
define this as taking 90 to 180 days or longer. In fact, over
70% of pipeline deals never close. Yet, when asked to describe
the sales cycle, vendors often say, "It depends - sometimes a deal
can be done in a month." Of course, by now most know the
reason. When a customer is motivated to solve a problem or
pressed by a trigger event - they are identified as being active in
the buy cycle. They will purchase something as soon as they are
comfortable to do so. By focusing on "buy cycle"
opportunities, vendors can better prioritize sales resources and
improve pipeline yield.
Cache sm
Many companies market products or services that have a long sales
cycle, up to 18 months and beyond, while the account team is
measured on shorter term goals. Under these conditions,
clients need to track a target opportunity throughout the sales cycle,
so the account team can step in at the right time. Impole's Cache Product Line perfectly answers
this need. Depending on whether the company markets a single
solution or a group of solutions, Cache can accommodate long-term
account probing using either Harpoon or Matchmaker. The same high
standards of reliability are achieved. The added advantage of the
Cache program is that the company can influence the evolution of the
opportunity and thus have a high degree of confidence of winning
the opportunity-with far lower overall costs.
Harpoon sm
With Harpoon, clients gain the necessary minimum primary (current)
account data and information needed to rapidly differentiate the
timing and probability of a sale. Harpoon programs focus on deriving sales opportunities
from one solution only. The core execution methodology is a
one-on-one, bi-directional marketing approach in order to query
the appropriate decision makers and differentiate the sales
opportunity. This expertise allows Impole to ruthlessly identify and
rank contacts to provide the "best-fit" sales opportunities for your
specific solution - not your competitors'. Clients can count on Impole's unparalleled experience in a wide range of markets in
applying the Harpoon line to fuel virtually any offering growth.
Information
Engineering Methodology
Applying analytical reasoning to market-driven information in order
to formulate action-based intelligence. Information engineering
converts primary information from a subjective view into objective,
verifiable data that is processed into intelligence at 3 Sigma
standards.
Market-facing
Refers to activity by individuals or a group that has direct
interaction with markets and market players.
Matchmaker sm
Matchmaker is a best-fit prospecting choice when a client offers
a range of solutions that may be applicable to a target account. The
Matchmaker probes for needs and pain where any of these varied
solutions can fit in the target account landscape. Matchmaker probes
for opportunities on behalf of these different target solutions
simultaneously.
With Matchmaker programs, you get not only the immediate
identification, but also in-depth primary information on
organizational needs. Matchmaker draws a rich, accurate map of the
"buy" readiness of an enterprise, providing human information that
you could not obtain otherwise.
Opportunity Intelligence
Opportunity Intelligence includes all the necessary
information to engage with clients when they are ready to buy.
This requires presence of a sales trigger, an undertanding of
the customer needs / environment and a willingness to engage with
the vendor / supplier. Opportunity Intelligence is a sales
lead on steroids - where 75%+ engagement ratios can be expected.
Primary Mode
Gathering information directly from the market (account by
account) by an interactive professional dialogue.
Reverse Engineering
Reviewing results in "disassembly mode" to identify patterns and
processes that affect revenue growth, and determine practices to
maximize revenue gains, increase channel productivity and lower SG&A
costs.
Sales 2.0
The world-wide web has radically changed the "art of selling".
Prospects are often completely educated on vendors and solutions
long before that first sales call. Early qualification is
often done by Webex with leads coming from SEM and SEO techniques.
This has transformed how companies sell and this has been coined
"Sales 2.0". Yet, complex B2B sales simply cannot be
accomplished over the net. A mix of old and new
techniques are needed to restore the vendor / customer balance.
Sales Opportunity
A sales opportunity is a broad front of enlightened facts
and information qualifying the buying intentions of a prospect in
regards to the seller (client). It includes three dimensions:
1. High probability of moving to action
2. High probability of client participation in the opportunity
3. Timeframe appropriate to the client solution
Servo-mode Control
A closed-loop revenue generation process that incorporates a
reverse engineering technique and produces continuous adjustment of
output.
SG&A
The portion of revenue expended to gain that revenue. It is not a
"true" indicator, but rather an approximate measure, of marketing
efficiency, as it incorporates administrative costs. A better
indicator would be to look only at the sales and marketing component
of SG&A.
Strategic Account Map
A narrative and graphical document summarizing "buying"
decision process and involved decision makers to determine revenue
opportunity.
Stay - Go
Stay-Go Programs are directed to resolving one of the
most pressing problems for companies; how to anticipate and prevent
customer defection. In highly competitive markets, competitors
target each other's installed base to gain revenue. To prevent this
costly "churning" of your customers and loss of recurring revenue,
Stay-Go programs are a key tool to foster customer retention.
Stay-Go Programs capture and monitor market dynamics, identify
dissatisfied customers and their concerns, as well as give insight
into inroads competitors have made in individual accounts.
This provides an objective view of competitor's strategy, tactics
and solution.
Six Sigma / Three Sigma Standard
Six Sigma is an analytical expression of quality that uses
Statistical Process Control (SPC) techniques to yield 3.4
non-conformities per one million opportunities in manufacturing.
Impole has adopted a Three Sigma standard to assure our customers
get a very high quality service, with timely opportunity knowledge,
at a reasonable price. We believe the 93%+ conformance
offered by Three Sigma strikes the right balance due to the time
sensitivity of our output and the inherent variance due to human
factors.
Win - Loss Programs
Win-loss programs provide unbiased primary intelligence regarding
the "buy cycle" crucial to to a company's revenue
growth. The best Win-Loss programs provide dynamic feedback
about the marketplace environment rather than a conventional, static
view of a company's market effectiveness. Clients gain an
understanding of the impact of existing and new market players,
their tactics and solutions, in addition to the performance of their
marketing and sales teams. Dynamic win-loss programs can be
leveraged for both account and market strategies.
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