Why B2B companies have lost control of the customer experience

by | Oct 3, 2017 | Public Relations

Consumer-facing brands and businesses have a hard enough time tailoring comms messaging to the large sectors of potential buyers they target, but for B2B companies, the challenge is even greater—the audiences are far smaller, the products and services are usually more expensive and the branding behind the message must have more resonance.

These complex customer journeys, along with disconnected channel partner networks, are preventing B2B companies from delivering the personalized customer experiences that drive loyalty and growth, according to new research from professional services firm Accenture. Only 21 percent of sales and customer service executives surveyed say they have total control over their organization’s sales networks and overall customer experience.

To get this control back on track, B2B leaders must abandon the benign neglect of traditional channel management and adopt an orchestrated approach to drive connected growth.

The B2B Customer Experience 2017 study from Accenture Strategy surveyed 1,350 sales and customer service executives from B2B organizations around the world to understand how well companies are serving customers—and found that the urgency to grow indirect channel partner networks and monetize customer experiences is disconnected from today’s operational reality.

Why B2B companies have lost control of the customer experience

“B2B leaders know that customer experience is the gateway to growth and have increasingly relied on channel partners to help them deliver. But many have been flying blind. Distracted by building extensive partner networks to increase selling opportunities, they’ve missed the critical balance of picking and managing partners who can leverage customer insight and use it to deliver better experiences,” said Robert Wollan, senior managing director and global Advanced Customer Strategy lead at Accenture Strategy, in a news release.

“To regain control, B2B leaders will orchestrate their sales ecosystem by seeing partners as an extension of their business and empower them with customer insights, coaching and support,” he added. “Only then can they fully tap their connected growth potential.”

Digital disruption, rise of consumerism and new services making B2B customers harder to reach

According to the research, most customers are already 57 percent through the buying process before they first engage with a company representative; 90 percent never respond to cold outreach; and 61 percent of all B2B transactions now start online.

Seventy-one percent of B2B executives say customers increasingly want B2C-like experiences compared to a few years ago—fast response times, consistent experiences across multiple channels, and availability 24/7—but nearly half (49 percent) admit they are failing to deliver the cutting edge and highly relevant experiences customers crave.

Channel partner disconnect

The majority (97 percent) of B2B executives say that indirect sales channels are critical to their business. They are pursuing new types of partners, increasing investments, and setting greater expectations. Yet, only 21 percent have total control over their organization’s sales partner networks, and additional Accenture research shows 84 percent do not have visibility into sales partner opportunity pipelines.

“B2B companies recognize that channel partner disconnect is hindering their growth potential,” said Jason Angelos, managing director of advanced customer strategy at Accenture, in the release. “Companies with integrated partner lead generation and coaching are 63 percent more likely to exceed their indirect channel revenue goals. It’s not surprising that the majority of organizations are planning significant investments in enhancing digital channels to improve ecosystem engagement over the next two years.”

Why B2B companies have lost control of the customer experience

Unlocking connected growth

To deliver the customer experiences that drive connected growth, B2B companies must fundamentally rethink how they integrate and collaborate with partners. They should consider:

  • Pivoting from partner management to ‘ecosystem orchestration’: Companies can regain control over customer experience by considering indirect partners as extensions of their own business and critical enablers of customer value. Intentionally teaming with a select network of partners and ensuring they are well supported can significantly improve customer experience.
  • Supporting partner priorities: In an indirect channel ecosystem, understanding the needs and preferences of end customers must take priority. Delivering the best customer experiences requires connected insights. Feedback mechanisms and data sharing are essential to building trust and understanding how to create new value for customers. Providing partners with something they value – such as leads, resources, customer events and sales coaching – will encourage continuous customer information sharing.
  • Adopting a new currency for connected growth: Customer data management, analytics and social listening technologies can help companies deliver the relevant and personalized experiences that customers crave. Investing in these technologies and integrating them with core customer experience capabilities, such as closed-loop feedback, is a solid way to measure performance.

Read the full report here.

Accenture Strategy surveyed 1,350 executives from sales, service and marketing functions from B2B organizations around the world in May 2017 to understand how well companies are performing around customer experience. Respondents from 10 countries, including the U.S., UK, France, Germany, Italy, Spain, Japan, Brazil, China and South Korea, and from across 16 industries, were included in the sample. The majority of companies posted annual revenues of more than US$1bn.

Daily PR Updates

Essential PR industry news, opinion, and analysis delivered to your inbox daily.

Richard Carufel
Richard Carufel is editor of Bulldog Reporter and the Daily ’Dog, one of the web’s leading sources of PR and marketing communications news and opinions. He has been reporting on the PR and communications industry for over 12 years, and has interviewed hundreds of journalists and PR industry leaders. Reach him at richardc@bulldogreporter.com; @BulldogReporter

RECENT ARTICLES

Do’s and don’ts to avoid having your pitch mocked on Twitter

Do’s and don’ts to avoid having your pitch mocked on Twitter

Unless you've been hiding under a rock with your phone face down, then you know the latest trend on social media is the collective slander of bad PR pitches reporters receive and screenshot for their followers to mock on Twitter. This new era of public shaming happens...

As budgets get cut, market research nose-dives during COVID

As budgets get cut, market research nose-dives during COVID

Just as with business interests across the board, COVID-19 has had a dramatic effect on market research activity worldwide, both in terms of extent and how data is being collected, according to a new study released by Dooblo, a provider of survey software for the...