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UNDERSTANDING CHANGING BUYER BEHAVIOR:
Marketing Priorities for
Improving EngagementJulie Schwartz SeniorVice President,Research andThoughtLeadership,ITSMA
ABBREVIATED SUMMARY
ITSMA HBC | November 2017
This abbreviated summary highlights some of the most significant
findings of ITSMA’s How Buyers Choose Survey,2017.
A more in-depth analysis can be found in the full report
https://www.itsma.com/research/understanding-changing-buyer-
behavior-marketing-priorities-improving-engagement/
Source: ITSMA, How Buyers Choose Survey, 2017
2How Buyers Choose Survey 2017 | Abbreviated Summary November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
How buyers choose in 2018 Marketing with the 4 P’s
ITSMA’s 2017 How Buyers Choose Survey digs deep into buyer preferences
for content and engagementwith providers of business and technology
services and solutions.
Based on an extensive survey with more than 400 buyers of high value
solutions,this report provides essential data and insight on the challenges
and opportunities that B2B marketers face to improve engagement.
Personalized Proactive
ProvenPeople influenced
• In the connected economy,
B2B buyers want to engage with
companies that provide highly
tailored ideas and information
oriented to their specific business,
industry, role, and situation.
• In response to rising expectations,
B2B marketers are moving as fast
as possible to integrate the data,
tools, and processes required to
market to segments of one.
• As marketing organizations
transform for the digital future,
however, there remains a gap
between near-term potential and
current reality.
Most important are the new 4 P’s of B2B marketing.As marketers
transform,they must accelerate investments in customer and market
insight to enable increasinglytailored marketing based on prioritytopics and
tactics for each potential buyer and account.
3How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
Personalized: Buyers want innovative ideas
focused on their specific issues and needs Personalized
33%
33%
31%
30%
30%
28%
26%
25%
24%
20%
20%
Specific to your industry
Full of measurable results, especially ROI metrics
Innovative, providing new thinking or a new way to solve a business problem
Specific to your particular business issues
Practical, showing real-world application, examples, and results
Business focused, not just technology focused
Research-based with data to support claims
Unbiased, from an analyst, consultant, or other third-party advisor
Tailored to your specific role/job function
Current (published within the last 12 months)
Specific to companies about the same size as yours
% Rank 1st % Rank 2nd % Rank 3rd
When you were doing your initial research for your most recent solution purchase,
what three attributes were most important to you regarding the information you found?
(Rank order 1st, 2nd, 3rd) % of respondents (N=417)
Note: Respondents were asked to rank order first three attributes.
Source: ITSMA, How Buyers Choose Survey, 2017
4How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
Proactive: New ideas that add value are essential
during the initial phase of the buying process Proactive
Source: ITSMA, How Buyers Choose Survey, 2017, % of respondents (N=417)
%
of buyers view content,
especially thought leadership,
as critical or important during the
early stage of the buying process.
5How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
People influenced: Amid the rush to digital,
offline time with peers remains essential
People influenced
2017
(N=417)
2016
(N=402)
2015
(N=426)
When you are keeping up with your industry, business insights, and/or technology trends,
approximately what percentage of the time do you spend online vs. offline? Mean % of time
51%49% 54%
46%
Online
(internet search/
webinars/social media)
Offline
(print publications,
in-person events, meetings,
discussions with peers/
colleagues, etc.)
57%
43%
Source: ITSMA, How Buyers Choose Survey, 2017
6How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
Proven: Buyers prioritize providers with
accessible experts and third-party validation Proven
• Subject matter experts who are available
for conversations, meetings, and workshops
• Third-party validation
• Proof of concept
• Customer case studies
• Knowledgeable salespeople
• Referrals from peers and colleagues
Mosteffective proof points:
• Global presence
• Online customer reviews (social proof)
• Robust website
• A client list consisting of Fortune 1000
companies
• Interviews and articles in the general,
business, and trade press/media
• Industry awards
Lesseffective proof points:
Source: ITSMA, How Buyers Choose Survey, 2017, % of respondents (N=417)
7How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
SAP personalizes
content and campaigns
based on uses industry,
account, and individual
buyer insights
Results
• Pipeline growth and
acceleration
• Closed business
• Increased C-level
engagement
• Improved marketing and
sales alignment
Cognizant takes a
proactive approach by
prioritizing collaborative
innovation
Results
• Digital innovation spaces in
four major cities globally
• Integrated teams to develop
and prototype solutions
• Acceleration of new digital
business
IBM uses people
influence with client-
originated content
Results
• Client-originated articles,
videos, and presentations
out-performs other IBM
content
• Client participation
improves relationships and
increased satisfaction with
IBM
Unisys proves value
with client advocates
and case studies
Results
• Closed-loop client feedback
process to accelerate
satisfaction, loyalty, and
advocacy
• 100+ companies are
advocating for Unisys, half
publicly with attribution
Source: ITSMA, How Buyers Choose Survey, 2017
8How Buyers Choose Survey 2017 | Abbreviated Summary November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
Additional research
highlights:
Status of digital transformation
How would you characterize the current status of
digital transformation at your company?
% of respondents (N=417)
Getting started.We know we must make some changes,
but for the most part, things are still business as usual.
Testing and learning. We are experimenting with new
digital technologies and channels, including social and
mobile.
Investingstrategically.We have an executivesponsor
for digital transformation and we are making
systematicinvestments to improve the customer
experience.
Changingthe culture. We are adopting digital
technologies and new ways of collaborating across the
organization to include not only sales, services,and
marketing, but also HR, product development,
manufacturing, finance, etc.
Transformedand transforming.We have aligned
people, process, and technology across all functions and
business units to support new, innovative operating
models and optimizedigital and mobile experiences.
Content length preferences
Approximately what
percentage of your
time do you spend
consuming content
of varying lengths?
% of time
(N=417)
39%
31%
30%
Short-form content
(e.g., bite-sized
summaries, infographics,
white papers/articles
that are 3 pages or less)
Deep-dive, long-form content
(e.g., white papers/articles
that are 8 pages or more)
Medium-form content
(e.g., white papers/articles
that are more than 3 pages
but less than 8 pages)
When deciding which solution providers to include on your shortlist, which criteria were “table stakes,”
meaning they are must-haves but don’t differentiate one solution provider from another, and which are
the deciding factors? % of respondents (N=417)
Selecting the shortlist: decision criteria
41%
33%
33%
31%
31%
31%
28%
28%
27%
26%
25%
23%
22%
22%
21%
Trustworthiness
Knowledge and understanding of our industry
Experience with the technology and/or solution
A proven track record backed by customer references
Knowledge and understanding of our unique business issues
Price of the solution
Quantifiable value of the proposed solution
Willingness to put some “skin in the game” and share risk and reward
Fresh ideas and innovation to advance my business
Flexibility in their approach to working with clients
Strength of the brand/reputation
Recommended by our board of directors/senior management
An existing relationship with the technology solutions provider
Endorsements from third parties such as industry analysts and/or sourcing advisors
Cultural fit/team chemistry
Table stakes A deciding factor
6%
13%
41%
23%
17%
Approximately,what is your company’s annual revenue
(or operating budget if government)?
Methodology and demographics
Web-Based Survey
September 2017
Survey respondents417
Job title
or level
Which of the following best describes your …
Job role
9
Respondents were from
six countries/regions:
• United States
• United Kingdom
• France
• Germany
• Nordics
• Benelux
How Buyers Consume Information | Abbreviated Summary | November 2016 F027A © 2016 ITSMA. All rights reserved. www.itsma.com
52%48%
IT
Business
Six types of data analysis:
By solution type, country/region, role,
title, company size, and industry
Which of the following types of solution purchases have you
personally been involved in?
Note: Multiple responses allowed.
Source: ITSMA, How Buyers Choose Survey, 2017
IT security
Cloudcomputing
Systems/softwareimplementationand/orintegration
Technologyconsulting
Applicationmanagementor modernizationservices
Businessconsulting
Managedservices
Businessprocessoutsourcing
Digitaltransformationsolutions/consulting
Analyticsand businessintelligencesolutionsand services
Strategyconsulting
Risk management
Accountingservices
Mergerandacquisitionconsulting
Roboticprocessautomation
Taxservices
37%
33%
33%
25%
25%
23%
23%
21%
20%
20%
19%
17%
14%
14%
12%
12%
$500,000−$1M More than $1M
10%
18%
36% 36%
Manager Director/Assistant VP VP/Senior VP/Head C-level/President/
General Manager
5%
26%
29%
19%
10% 11%
$250–499M $500–999M $1–4.9B $5–9.9B $10–20B Over $20B
10How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com
Buy the study
Member: $295
Non-member: $695
Want to learn more?
For more information
Here’s what is included in the full study:
Julie Schwartz
SeniorVice President
Research and ThoughtLeadership
ITSMA
jschwartz@itsma.com
+1 781 862 8500,x112
The report is available for no additional fee to current ITSMA
members and for sale at non-member prices to all others.
https://www.itsma.com/research/understanding-changing-buyer-
behavior-marketing-priorities-improving-engagement/
Slide
Executive summary 3
Methodology and respondent demographics 33
Detailed findings 41
Crosstabs 66
By solution type 66
By country 88
By job role 114
By title 138
By size of company 162
By industry 183

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ITSMA How Buyers Choose 2017: Understanding Changing Buyer Behavior: Marketing Priorities for Improving Engagement

  • 1. UNDERSTANDING CHANGING BUYER BEHAVIOR: Marketing Priorities for Improving EngagementJulie Schwartz SeniorVice President,Research andThoughtLeadership,ITSMA ABBREVIATED SUMMARY ITSMA HBC | November 2017 This abbreviated summary highlights some of the most significant findings of ITSMA’s How Buyers Choose Survey,2017. A more in-depth analysis can be found in the full report https://www.itsma.com/research/understanding-changing-buyer- behavior-marketing-priorities-improving-engagement/
  • 2. Source: ITSMA, How Buyers Choose Survey, 2017 2How Buyers Choose Survey 2017 | Abbreviated Summary November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com How buyers choose in 2018 Marketing with the 4 P’s ITSMA’s 2017 How Buyers Choose Survey digs deep into buyer preferences for content and engagementwith providers of business and technology services and solutions. Based on an extensive survey with more than 400 buyers of high value solutions,this report provides essential data and insight on the challenges and opportunities that B2B marketers face to improve engagement. Personalized Proactive ProvenPeople influenced • In the connected economy, B2B buyers want to engage with companies that provide highly tailored ideas and information oriented to their specific business, industry, role, and situation. • In response to rising expectations, B2B marketers are moving as fast as possible to integrate the data, tools, and processes required to market to segments of one. • As marketing organizations transform for the digital future, however, there remains a gap between near-term potential and current reality. Most important are the new 4 P’s of B2B marketing.As marketers transform,they must accelerate investments in customer and market insight to enable increasinglytailored marketing based on prioritytopics and tactics for each potential buyer and account.
  • 3. 3How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com Personalized: Buyers want innovative ideas focused on their specific issues and needs Personalized 33% 33% 31% 30% 30% 28% 26% 25% 24% 20% 20% Specific to your industry Full of measurable results, especially ROI metrics Innovative, providing new thinking or a new way to solve a business problem Specific to your particular business issues Practical, showing real-world application, examples, and results Business focused, not just technology focused Research-based with data to support claims Unbiased, from an analyst, consultant, or other third-party advisor Tailored to your specific role/job function Current (published within the last 12 months) Specific to companies about the same size as yours % Rank 1st % Rank 2nd % Rank 3rd When you were doing your initial research for your most recent solution purchase, what three attributes were most important to you regarding the information you found? (Rank order 1st, 2nd, 3rd) % of respondents (N=417) Note: Respondents were asked to rank order first three attributes. Source: ITSMA, How Buyers Choose Survey, 2017
  • 4. 4How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com Proactive: New ideas that add value are essential during the initial phase of the buying process Proactive Source: ITSMA, How Buyers Choose Survey, 2017, % of respondents (N=417) % of buyers view content, especially thought leadership, as critical or important during the early stage of the buying process.
  • 5. 5How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com People influenced: Amid the rush to digital, offline time with peers remains essential People influenced 2017 (N=417) 2016 (N=402) 2015 (N=426) When you are keeping up with your industry, business insights, and/or technology trends, approximately what percentage of the time do you spend online vs. offline? Mean % of time 51%49% 54% 46% Online (internet search/ webinars/social media) Offline (print publications, in-person events, meetings, discussions with peers/ colleagues, etc.) 57% 43% Source: ITSMA, How Buyers Choose Survey, 2017
  • 6. 6How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com Proven: Buyers prioritize providers with accessible experts and third-party validation Proven • Subject matter experts who are available for conversations, meetings, and workshops • Third-party validation • Proof of concept • Customer case studies • Knowledgeable salespeople • Referrals from peers and colleagues Mosteffective proof points: • Global presence • Online customer reviews (social proof) • Robust website • A client list consisting of Fortune 1000 companies • Interviews and articles in the general, business, and trade press/media • Industry awards Lesseffective proof points: Source: ITSMA, How Buyers Choose Survey, 2017, % of respondents (N=417)
  • 7. 7How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com SAP personalizes content and campaigns based on uses industry, account, and individual buyer insights Results • Pipeline growth and acceleration • Closed business • Increased C-level engagement • Improved marketing and sales alignment Cognizant takes a proactive approach by prioritizing collaborative innovation Results • Digital innovation spaces in four major cities globally • Integrated teams to develop and prototype solutions • Acceleration of new digital business IBM uses people influence with client- originated content Results • Client-originated articles, videos, and presentations out-performs other IBM content • Client participation improves relationships and increased satisfaction with IBM Unisys proves value with client advocates and case studies Results • Closed-loop client feedback process to accelerate satisfaction, loyalty, and advocacy • 100+ companies are advocating for Unisys, half publicly with attribution
  • 8. Source: ITSMA, How Buyers Choose Survey, 2017 8How Buyers Choose Survey 2017 | Abbreviated Summary November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com Additional research highlights: Status of digital transformation How would you characterize the current status of digital transformation at your company? % of respondents (N=417) Getting started.We know we must make some changes, but for the most part, things are still business as usual. Testing and learning. We are experimenting with new digital technologies and channels, including social and mobile. Investingstrategically.We have an executivesponsor for digital transformation and we are making systematicinvestments to improve the customer experience. Changingthe culture. We are adopting digital technologies and new ways of collaborating across the organization to include not only sales, services,and marketing, but also HR, product development, manufacturing, finance, etc. Transformedand transforming.We have aligned people, process, and technology across all functions and business units to support new, innovative operating models and optimizedigital and mobile experiences. Content length preferences Approximately what percentage of your time do you spend consuming content of varying lengths? % of time (N=417) 39% 31% 30% Short-form content (e.g., bite-sized summaries, infographics, white papers/articles that are 3 pages or less) Deep-dive, long-form content (e.g., white papers/articles that are 8 pages or more) Medium-form content (e.g., white papers/articles that are more than 3 pages but less than 8 pages) When deciding which solution providers to include on your shortlist, which criteria were “table stakes,” meaning they are must-haves but don’t differentiate one solution provider from another, and which are the deciding factors? % of respondents (N=417) Selecting the shortlist: decision criteria 41% 33% 33% 31% 31% 31% 28% 28% 27% 26% 25% 23% 22% 22% 21% Trustworthiness Knowledge and understanding of our industry Experience with the technology and/or solution A proven track record backed by customer references Knowledge and understanding of our unique business issues Price of the solution Quantifiable value of the proposed solution Willingness to put some “skin in the game” and share risk and reward Fresh ideas and innovation to advance my business Flexibility in their approach to working with clients Strength of the brand/reputation Recommended by our board of directors/senior management An existing relationship with the technology solutions provider Endorsements from third parties such as industry analysts and/or sourcing advisors Cultural fit/team chemistry Table stakes A deciding factor 6% 13% 41% 23% 17%
  • 9. Approximately,what is your company’s annual revenue (or operating budget if government)? Methodology and demographics Web-Based Survey September 2017 Survey respondents417 Job title or level Which of the following best describes your … Job role 9 Respondents were from six countries/regions: • United States • United Kingdom • France • Germany • Nordics • Benelux How Buyers Consume Information | Abbreviated Summary | November 2016 F027A © 2016 ITSMA. All rights reserved. www.itsma.com 52%48% IT Business Six types of data analysis: By solution type, country/region, role, title, company size, and industry Which of the following types of solution purchases have you personally been involved in? Note: Multiple responses allowed. Source: ITSMA, How Buyers Choose Survey, 2017 IT security Cloudcomputing Systems/softwareimplementationand/orintegration Technologyconsulting Applicationmanagementor modernizationservices Businessconsulting Managedservices Businessprocessoutsourcing Digitaltransformationsolutions/consulting Analyticsand businessintelligencesolutionsand services Strategyconsulting Risk management Accountingservices Mergerandacquisitionconsulting Roboticprocessautomation Taxservices 37% 33% 33% 25% 25% 23% 23% 21% 20% 20% 19% 17% 14% 14% 12% 12% $500,000−$1M More than $1M 10% 18% 36% 36% Manager Director/Assistant VP VP/Senior VP/Head C-level/President/ General Manager 5% 26% 29% 19% 10% 11% $250–499M $500–999M $1–4.9B $5–9.9B $10–20B Over $20B
  • 10. 10How Buyers Choose Survey 2017 | Abbreviated Summary | November 2017 | F027A © 2017 ITSMA. All rights reserved. www.itsma.com Buy the study Member: $295 Non-member: $695 Want to learn more? For more information Here’s what is included in the full study: Julie Schwartz SeniorVice President Research and ThoughtLeadership ITSMA jschwartz@itsma.com +1 781 862 8500,x112 The report is available for no additional fee to current ITSMA members and for sale at non-member prices to all others. https://www.itsma.com/research/understanding-changing-buyer- behavior-marketing-priorities-improving-engagement/ Slide Executive summary 3 Methodology and respondent demographics 33 Detailed findings 41 Crosstabs 66 By solution type 66 By country 88 By job role 114 By title 138 By size of company 162 By industry 183