The products and services that we sell and the problems that we solve are becoming ever more complex, and thus increasingly difficult for our customers to understand. At the same time economic malaise, intense competition and customer confusion are exerting tremendous pressures on our pricing and profit margins. The net result, commoditization - an over-simplification of the solutions and buying decisions based on price, is a financially deadly spiral that increases the gap between value delivered and value paid for. You can lose even if you get the sale.
Companies are facing this challenge with sales and marketing organizations that are not equipped to respond and are forfeiting margins and market share at an alarming rate. Companies can stop this financial drain by adopting a "diagnostic focused" rather than a "solution focused" mind-set. |