Archive for the ‘Chemicals Research’ Category
More and more clients are coming to us at an early stage in the creation of a research brief to get our thoughts not only on how we can help research the problem but also to get our help and backing to get buy-in to the project from inside and help fight the internal bureaucracy. If you try and battle the red tape you will get nowhere. Instead, follow these 4 simple rules to get your research project off the ground and you will stand a greater chance of business success:
• Go against the path of least resistance. Find out who is bought in to your way of thinking and then get them onside.
• Use the resources that are close to hand. Don’t go to many lengths to get a large budget straight away. Instead, use people you know, desk research and other resources/budget that you have to help you get the wheels in motion and any evidence you may need to move to the next level.
• Secure only the commitment you need for the short term. Don’t try to get the board’s buy-in from the get-go. Instead make sure that everyone is clear to what you are trying to achieve and then get the least amount of commitment you need to take your project to the next stage.
• Move quickly. Most good ideas stall because they don’t have the necessary momentum. Put your all behind the project or it will die and atrophy.
To find out how B2B International can help your organisation, contact one of our international offices http://www.b2binternational.com/contact-b2b/ or find out about what is important when putting a research brief together http://www.b2binternational.com/publications/articles/market-research-brief/
Many B2B industries, and the chemicals industry is a classic case-in-point, do not return enough on their investments, especially in the more mature economies where markets tend to become more “commoditised” and less well differentiated.
These companies create a lot of value for their customers, but fail to capture that value back to their own company’s bottom line. Their customers apply lots of pressure to try to commoditise the offers and companies often succumb to these pressures. This weakness is often down to poor marketing on the part of the companies. We estimate that it loses them at least 10% off their bottom line. Imagine how healthy your business would be with an additional ten percentage points of bottom-line profit.
An intelligent approach to Strategic Marketing can help companies to address this issue. Strategic Marketing is a discipline that brings real customer focus to an organisation and helps them to address the current and future needs of their customers with innovative approaches in products, services, business models and other aspects of creating a differentiated customer experience.
The proof of this can now be studied and read in a new report published this month: “Strategic Marketing in the Chemicals, Plastics and Other B2B Markets.” For instance we discover that there is a strong correlation between higher profit performance and Strategic Marketers having a Marketing or MBA background. We also discover that those companies making more profit are the most regular users of two key tools: Market Value Chain Analysis and PESTLE analysis. Another key finding is that Strategic Marketing is not only about content it is also about the mindset with which you tackle that content. The most successful Strategic Marketers tend to be inquisitive, challenging, open-minded, creative, decisive and disruptive (in a positive way).