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A win/loss analysis is the process of studying past business deals in order to generate valuable insights about your company’s selling practices. In fact, companies that conduct win/loss analyses consistently outperform those that don’t in the following areas ( source ): Customer retention rate: 60% vs. 48%.
This blog summarizes some of the significant contract wins and losses that have shaped the current federal contracting landscape today. This includes successful defense of recompetes and some major takeaway contract wins. Keep reading for some highlighted wins and losses in the GOVCON space.
1 On the other hand, most organizations are moving too slowly to advance genAI initiatives, suggests recent research. 4 Additionally, while 63% have guardrails in place to use AI safely, these organizations worry about its role in misinformation, ethical bias and job loss among other risks, Wavestone found.
Transferring into the latter half of FY2022, we look back at some of the major contract wins that jumpstarted 2022. Highlighting some of these wins can give insight into the implications for your current and future competitors. Figure 1 – A summary of major contract wins in 2022. The protest was fully cleared in June 2022.
“Many organizations still depend on legacy technologies that are costly to maintain, inflexible, and not compatible with modern, agile development practices,” says Christopher Gilchrist, principal analyst at Forrester Research. Slow progress frustrates teams and discourages future experimentation.”
I just had another client tell me he was getting pushback from his salesforce to do Win/Loss analysis. They felt that win/loss analysis would be a critique of them, and only them. The objective of Win/Loss analysis is to win and retain more business, not to critique sales people.
In that wide-ranging conversation, we explored his leadership playbook, what a game-winning data strategy looks like, and the value of stepping outside your comfort zones as a leader, among other topics. Gone are the days of R&D where there was near exclusive focus on the R-research and little attention paid to the D-development.
A win/loss analysis reveals why and how a sales opportunity turned into a new customer (or not). What Is A Win/Loss Analysis? A win/loss analysis is the process of studying past business deals to evaluate why sales opportunities became wins and losses. What made it better?
Read the 2022 State of Competitive Intelligence Report and you’ll find tons of encouraging insights: 33% of CI teams are making time for win/loss analysis on a monthly basis. 66% of growing CI teams plan to increase their investments in technology. 98% of stakeholders say CI is at least somewhat important to their success.
Start building a win/loss program. To help you do just that, we’ve combed through the latest edition of the State of CI and identified the following five action items: Expand intel collection beyond your direct competitors. Develop a system for capturing field intel. Define an initial set of KPIs.
Boston and Draper, UT – Primary Intelligence , the leader in win-loss analysis, and Crayon , the premier competitive intelligence platform, today announced a first of its kind integration that seamlessly embeds valuable win-loss insights directly into competitive intelligence deliverables.
The news programs and sports updates shown on television have been made to be more entertaining, partly because of research conducted and the information analyzed. Big data allows coaches to analyze winning strategies and weaknesses of the competition. In recent years, organized sports have been steadily changed by big data.
Something that was enough to strike fear into the heart of even the most experienced of poker players was the news that the Libratus computer was able to win thousands of hands against human opposition. Of course, one of the industries we might expect to see leading the way in AI research and implementation is the healthcare industry.
Chorus captures and analyzes phone calls, video meetings, and emails to unearth insights that enable revenue teams to deliver tailored coaching, replicate winning behaviors, and target with greater precision throughout the buyer journey. Why Conversation Intelligence? Applications Married with Intelligence.
As we enter the second half of the calendar year 2023, this blog summarizes some substantial federal contract wins and losses thus far. Some competitors celebrated while others mourned some rough losses. Read on to learn about some big highlighted wins and losses in this never ending game of federal contracting musical chairs.
With the right up-front research, your product positioning will be calibrated with market demand, your sales cycle will get more efficient, your pipeline will speed up, and your reps will gain the strategic clarity and tools to help them win. Pre-sale research is a key building block to accelerate sales success. Active Selling.
A competitive analysis is a method where you identify and research your key competitors in order to implement strategies that will help you increase wins for deals where the buyer is considering another vendor. With more feedback, you’ll be able to see trends and identify why you win and lose against specific competitors.
Recent research conducted by Dell indicates that 91% of respondents have dabbled with generative AI in their lives in some capacity, with another 71% reporting they’ve specifically used it at work 1. But the area I want to focus on is the unintended consequences of public cloud adoption that created wave after wave of data loss and exposure.
Paid Media Updates Media Updates: TV Subscription Loss, TikTok Bill Awaiting Senate Action, YouTube CTV Enhancements By Tinuiti Innovation & Growth Team Mar 20 2024 Key Highlights: TV & Audio : Major pay-TV providers lost ~5m subscribers in 2023, an acceleration from their 4.6m net loss in 2022.
Cursory research into one’s market segment should be enough to identify key competitors. Lastly, entrepreneurs are told to use the insights gleaned from the CI expedition to perform a win-loss analysis. The author offers a checklist that can serve to guide entrepreneurs through their CI gathering journey.
This structure can also be used when conducting win or loss analyses or when doing competitive landscape research, which involves competitor size, maturity level and target markets. A comparison framework is used when an organization seeks to compare its pricing models with those of its competitors.
The research report released by Kaspersky Lab stated that the cybersecurity watchdog “identified several cases where the service was misused: attackers injected malicious code into sites, which collected all the data entered by users, and then sent it via Analytics.
One thing that sales professionals do not want is to spent time on extensive research to discover a competitor’s strengths and weaknesses. After all, your company pays salespeople to interface with buyers and not to do background research on the competition. Pricing comparisons by wins and losses. Keep it simple.
Whether the deal is won or lost, you can use WinLoss Analysis to follow up with your customer and show you care about their experience regardless of the deal outcome. This “needs analysis” changes the pitch from being “feature” focused to being “solution” focused, and the customer will appreciate a customized sales experience.
For some organizations, “no decisions” or “do nothing” buyers can comprise 30% of lost revenue annually—even when counted separately from losses. Seeing a window for growth, we offered this company early access to our research findings and advice—but with a catch. —Melissa Short, VP Reporting Services. It was an easy decision for them.
For some organizations, “no decisions” or “do nothing” buyers can comprise 30% of lost revenue annually—even when counted separately from losses. Seeing a window for growth, we offered this company early access to our research findings and advice—but with a catch. —Melissa Short, VP Reporting Services. It was an easy decision for them.
As a business owner, there’s no doubt that you would focus on collecting data and researching the best marketing strategies solely for your business. Understand why you win and lose. Every win and loss can bring valuable competitive intelligence. ArchIntel™ -.
Templates for Win/Loss Analysis – The WinLoss request I get asked the most often is, “Can you share your WinLoss templates?” I break down WinLoss analysis questions into 4 buckets: relationship health, company reputation, product/service attributes, and servicing issues. See you in 2017.
How flexible are you in competitive intelligence and Win/Loss analysis? Flexibility in Win/Loss Interviews. In Win/Loss interviews, I like to research who I’ll be speaking to, and usually can find something about them from the sales team and social media, especially on LinkedIn.
And these 10 market research trends in 2021 are bound to do just that. Here, we’ll take a look at the top ten market research trends in 2021 that will get you from point A to point B with the least amount of frustration, and hopefully avoiding any storms. How Market Research Tools Have Evolved.
In this product-led era, companies with the best product experience win. Enhanced inventory intelligence helps retailers in loss prevention. Product Research. Market research of products is essential to determine what exactly your customer is looking for. What is Product Intelligence? Smart Pricing.
You want to give employees adequate time to be creative and exploratory, and to make allowances for mistakes: not just in research and development. One key learning from many Win/Loss interviews with customers is that customer service and company reputation are often the reasons customers buy and stay with you.
Last week, I gave a webinar for the Minnesota SCIP chapter entitled, Win/Loss Analysis: How to Capture and Keep the Business You Want. Check out my Win/Loss presentations to help boost your Win/loss program from my Slideshare presentations. They also won’t give a Win/Loss interview for free.
He or she will also conduct regular competitive data presentations, assume responsibility for the company’s win/loss program and lead projects covering market segments, verticals, products and competitors. Having knowledge in win-loss analysis and data visualization is a plus.
The definition of a winning edge in the business world nowadays requires more than just savvy marketing campaigns and brilliant services. Within it, one primary measure is the win/loss rate, which is the percentage of opportunities your business successfully won versus those lost to competitors. What is Competitive Intelligence?
As a primary research expert, I am always looking to for ways to motivate others to share. While the book focuses on closing sales deals, the same tactics will work to promote sharing when conducting competitive intelligence collection or win/loss interviews. Receive our 6-page Win/Loss Cheat Sheets.
Executive Program FOUNDATIONS OF WIN/LOSS June 24,25,26, 2024 (11AM to 2PM EST each day) Win/Loss analysis is a powerful tool that can help you improve your sales win rates. By understanding why you win and lose deals, you can identify areas for improvement and develop strategies to close more deals.
Executive Program FOUNDATIONS OF WIN/LOSS June 24,25,26, 2024 (11AM to 2PM EST each day) Win/Loss analysis is a powerful tool that can help you improve your sales win rates. By understanding why you win and lose deals, you can identify areas for improvement and develop strategies to close more deals.
Adopt these 7 WinLoss Tips to Improve Sales and Customer Receptivity to WinLoss interviews. Don’t Let Sales Conduct Your Company’s Win/Loss Interviews. Research from the book, “From a Good Sales Call to a Great Sales Call,” indicates: Salesperson’s assessment is totally wrong — 32%.
Unleashing the power of sales as CI agents When it comes to competitor analysis and market research, we often overlook the closest source of first-hand competitor insights – our own sales teams. Can you shed light on a recent win or loss against our main competitors? Need a quote for competitor research? Your sales team.
New and shiny offerings With the acquisition of Alion, HII gained advanced engineering and research and development (R&D) service capabilities in the areas of intelligence, surveillance and reconnaissance (ISR); cyber solutions; data analytics; and military training and simulation. A few of the Alion enabled noteworthy wins include: U.S.
Win Faster. With over 87,000 customers, Semrush offers a comprehensive suite of tools for search engine optimization, pay-per-click advertising, content marketing, social media management, and competitive research to gain market share. Leverage the same B2B data that fuels go-to-market for 60% of the Fortune 100 Start Your Free Trial!
Time and time again, the research at Primary Intelligence has shown that knowing why the buyer was looking for a solution outside of the company is three times more important to closing a deal than anything else. In fact, only 25% of lost deals state price affected the loss. Responding in a timely fashion. Knowing what promotes value.
I researched and found out that the CEO’s Dad had bought the glass business, and surmised that he wanted to stay in it for that reason, not for revenue or profit. These conversations and research gave me the insight to answer my client’s question: what would cause the competitor to divest or sell the glass business?
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