article thumbnail

The Future of SAM – Revisited

Strategic Account Management Association

Regardless of the organization we work at, we could be outspent, out resourced or out marketed but we do have the opportunity to outthink our competition. Kaj Storbacka is a professor at Hanken School of Economics in Helsinki and Founder of Market Shaping Lab. Offer broader interactions with customers. Become market makers.

article thumbnail

Should My Company Lower its Prices in a Competitive Market?

Holden Advisors

Spoiler alert: Lowering prices on a high-value product in a competitive market will rarely drive long-term growth. Consider this: Your company sees an untapped market and invests the time and resources to develop a new product. Your company is leading the market. That’s what happens when the market becomes fragmented.

Marketing 195
article thumbnail

FROM EXECUTIVE SPONSORSHIP TO EXECUTIVE ENGAGEMENT

Strategic Account Management Association

We need to focus on understanding the customer and helping the SAM deep dive in the customer environment and gain the insight and knowledge needed to deliver broader customer value. Adapting our corporate behaviors to fit the customer context. Creating strategic customer value and building trust requires time.

article thumbnail

What is cross-selling? Everything you need to know to increase sales and customer value

PandaDoc

For example, if a customer is considering buying a basic smartphone, a salesperson could upsell that customer to buy a premium model with more features. Both of these strategies can be highly effective when implemented right, leading to higher sales and customer value. Want to learn more about upselling?

article thumbnail

You have already reduced Customer Value if you need Service Recovery

Customer Think

This means we try our best that the customer does not require service other than routine maintenance. If this happens, your market share will rise, and if you are looking to service recovery, then your market share is by definition lower and you are trying to get out of this problem by super recovery. Advertisement.

article thumbnail

Want to Accelerate Your SAM Journey? Create a Center of Excellence

Strategic Account Management Association

A Center of Excellence (COE) Executive “buy-in and be in” Account-based marketing. By COE, we mean a centralized group of SAM experts and people who “get it” and who should be leveraged as the catalyst for instilling the mindset, processes and skill sets for distinctive go-to-market and customer-centric engagement models.

article thumbnail

5 Ways to Maximize Your Cross-Channel Marketing

Customer Think

Solid consumer engagement is the ultimate prize for marketers because engagement improves brand, which leads to greater lifetime customer value (LCV) and loyalty. But an overabundance of bland messages makes it difficult for brands to connect meaningfully with consumers.

Marketing 128