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When considering how to optimize channel partnerships for brand equity and loyalty growth, it is critical to look at the other side of the equation -- the Partner - End Customer relationship to find the totality of opportunity in Strategic Channel Management.
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Partner Connections™ is an end-to-end value chain, strategic framework that makes
explicit knowledge about two critical relationships – Vendor/Partner and Partner/End
Customer – and uncovers the mechanism behind those relationships to develop road
maps for increasing sales.
Partner Connections™ places new insights into a vendor’s partner relationships at
the center of channel management’s practices and provides a basis for discovering
new strategies and tactics to profitably grow the channel.
Partner Connections™ is based on the fact that a vendor’s channel equity is a
function of two critical relationships:
The Vendor <--> Partner Relationship
The Partner <--> End Customer Relationship
These two relationships, and not the partner itself, are channel management’s critical
assets. Improving the quality in these relationships through insight and
understanding creates new demand-side growth.
Why Building Channel Sales Needs a New Strategic Basis
Channel Management spends an inordinate amount of time evaluating their
channel program.
They are likely to invest in competitive research that compares their programs
with those of their product competitors.
Channel Managers rely on syndicated studies that compare vendors by product
category as a measurement of their value in the channel that can vary widely
from year-to-year with no clear understanding of the why behind those
variances.
All of these activities are about giving total weight to the Vendor/Partner
relationship. Why? Because channel management has been based on data that
measures how vendor programs compete for partner mind share --- assuming
that share is dependent on how the partner slices and dices program
differences among vendors.
What have been missing are insights into understanding the nature and quality of the
Partner/End Customer relationship and how Channel Management can use that
understanding for generating new sales growth with partners.
Partner Connections™ arms Channel Management with insights into the two critical
relationship assets that they can affect for growing channel equity and profitable
sales -- their relationship with the partner and the partner's relationship with the end
customer -- rather evaluating than program attributes particularly as they compare
with other vendors' programs. For more information about Partner Connections™,
contact us for a detailed brief: Partner Connections: A Demand-Side Channel
Management Tool.