Strategy for IT vendors: a worksheet
Much of what I do for a living* boils down to critiquing IT vendors’ strategy — for sub-10-person startups, for the largest companies in the IT industry, and for companies at all stages in-between. In the hope of making strategy analysis simpler, I’ve compiled a list of questions that every enterprise IT vendor has to answer, if it is to understand its own business. They’re posted below. If you can’t answer these questions, you don’t really have a strategy.
*E.g., consulting via the Monash Advantage and predecessor services. Every question on the list below has arisen recently in the course of my work, most of them many times over.
If you run an IT vendor, help run one, or aspire to do so, then I encourage you to give these questions a whirl. If you don’t think the answers are all knowable — either now or for the foreseeable future — it’s still advisable to make working guesses. Flexibility is a virtue — but even so, having a tentative strategy is far better than having no strategy at all. Strategy is to execution as design is to coding. The best time to fix software bugs is before you start coding; the best time to fix a bad strategy is before you’ve committed yourself to executing it. Yes, both the design and the strategy will need to be changed over time; but a smart, internally-consistent strategy is a lot better than a contradictory one, than an obviously hopeless one, or than no strategy at all.
This is a really long post, so I’ll summarize it up here. Explanations of each point follow below. Read more
| Categories: Layered messaging models, Technology marketing | 4 Comments |
Extending the layered messaging model
Some time ago, I introduced the layered messaging model for enterprise IT marketing, to address the challenge:
Two things matter about marketing messages:
- Do people believe you?
- Do they care?
It’s easy to meet one or the other of those criteria. What’s tricky is satisfying both at once.
My essential recommendation was:
… the two fundamental templates of layered technology marketing:
Enterprise IT product (proof-today messaging stack)
- Tangible benefits
- Technical connection
- Features (and perhaps metrics)*
- Persuasive details
- Customer traction or proof-of-concept tests
and
Enterprise IT product (sustainable-lead messaging stack)
- Tangible benefits
- Technical connection
- Features (and perhaps metrics)*
- Technical connection
- Fundamental product architecture
The lower parts of the stack demonstrate differentiation, most directly addressing the “Why should I believe you?” question. The upper parts demonstrate value, answering “Why should I care?” But ultimately, credibility rests on the whole flow of the story, and is no stronger than the weakest of the five layers.
*In the original form I just said “features and metrics”. But truth be told, metrics — speeds/feeds/scale/whatever — are only as important as features in a minority of market segments.
Since then, consulting engagements have shown me there’s actually a third template; happily, it’s synergistic with either or both of the other two. That one goes: Read more
| Categories: Layered messaging models | 1 Comment |
Do influencers think along the lines of the layered messaging model?
I originally came up with the more techie version of the layered messaging model
Enterprise IT product (sustainable-lead messaging stack)
- Tangible benefits
- Technical connection
- Features and metrics
- Technical connection
- Fundamental product architecture
because it’s a pretty good representation of how I think. But what about other influencers? Do they view things in somewhat the same way? Read more
| Categories: Analyst relations, Layered messaging models, Marketing theory, Technology marketing | 3 Comments |
Generalizing the layered messaging model
In my introductory post on layered messaging, I laid out two basic templates for enterprise IT messaging. But consider, if you would, the following
General layered marketing template
- Tangible benefits
- Credible causal connection
- Measurable characteristics
- Credible causal connection
- Fundamental nature
| Categories: Campaign 2008, Layered messaging models, Marketing theory, Political marketing | 1 Comment |
Enterprise IT marketing — a layered messaging model
Two things matter about marketing messages:
- Do people believe you?
- Do they care?
It’s easy to meet one or the other of those criteria. What’s tricky is satisfying both at once.
Many marketing consultants, me included, would phrase the core messaging challenge in terms such as:
What’s the most compelling claim you can make that people will actually find credible?