Designing Successful Go to Market Srategies

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    Designing SuccessfulInternational Go-To-Market Strategies

    Long value chains.

    Whitepaper from TBK Consult

    Issue 1

    Authors

    Hans Peter Bech, MA (Econ.), Group CEO at TBK Consult.

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    This white paper is written for the CEO and the board of

    directors of software companies, which are already working

    internationally or are about to embark on an international

    endeavor.

    The white paper is addressing software companies with long

    and comprehensive value chains. This includes companies with

    solutions which require a considerable amount of sales effort,

    customization, consulting, implementation support and on-going

    support. For software companies in this category the software

    itself is typically less than 50% of total project and customer

    lifetime value.

    This white paper is describing some of the challenges associated

    with international market penetration for software companies

    with long value chains. Further it gives two real life examples

    of how companies have overcome these challenges using very

    different approaches.

    Company XYZ changed from a channel based approach to

    internationalization through acquisitions. Company ABC chose

    an international joint venture strategy to compensate for lack of

    staff and funds.

    I wish to thank Haim Oren from TBK Israel for encouraging

    me to write this whitepaper and to Steen Alexander of

    ValueMaker for his valuable support during the editorialprocess.

    English proof reading: Michael Cain of Lammas, Esbjerg,

    Denmark, www.lammas.dk

    Design and lay-out: Flier Disainistuudio, Tallinn, Estonia,

    www.ier.ee

    Targeted audience

    Abstract

    Acknowledgements

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    The challenges and solutions discussed in this white paper are

    primarily relevant to your situation if you can identify with most

    of the following characteristics:

    You are well established in your domestic market with

    several blue chip reference clients and/or a considerable1

    market share.

    You have staff and funds available for international market

    penetration.

    You have dened, described and veried your customer value

    proposition and there is a clear and quantiable return on

    investment associated with implementing your solution.

    You have have dened, documented and veried the sales

    process for your solution.

    Your sales tools in terms of customer case stories, solution

    white papers, product factsheets and a targeted web site are

    all in place.

    It is possible to activate the need for your product through a

    proactive sales effort.

    Your deals in this type of value chain are seldom lower than

    EUR 150.000 with annual recurring revenue of 15-25%.

    If one or more of the items mentioned above are missing, we

    suggest you develop these before making any advances onterritories outside your domestic market.

    Entering a new market goes through three mainstages:

    1 Software companies with a small market share in their domestic

    market should not consider international activities. Investment indomestic market penetration will yield a much higher return on

    investment. If a software company is facing difculties in winning

    market share locally it is very unlikely that they will be more successful

    internationally.

    Introduction

    Basicterminology Boot Strapping

    the phase where you get the rst 3-5 clients

    Bridgeheadwhere you establish a local presence to enforce yourposition and grow to 10-15 clients

    Expansionwhere you scale your operation to go for market

    dominance

    1.

    2.

    3.

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    Considerations of a strategic nature in this whitepaper are made

    following the denitions know from the Balanced Scorecard

    theory2. According to Balanced Scorecard a strategy (Customer

    Value Proposition) will always be a combination of 3 mainelements:

    A Balanced Scorecard customer value proposition is illustrated

    by a pie chart showing the weight of each strategy element.

    The customer value proposition illustrated in Fig. 1 could be

    a Microsoft/SAP VAR3 with an ERP4 solution for at vertical

    market or an ISV5 with a high priced enterprise solution.

    Purchase decisions for enterprise solutions are strategic

    nature. Enterprises only make such decisions every 5-10 years.

    Enterprises do not favor technology leaders; they prefer proven

    technology and established vendors6. Thus software companies

    2 There are numerous sources to information on Balanced Scorecard.

    A Google search gives 1,6 million hits! You can start with this indepen-

    dentdescription: http://en.wikipedia.org/wiki/Balanced_scorecard3

    Value Added Reseller4 Enterprise Resource Planning5 Independent Software Vendor6 For a solid argumentation please see Crossing the Chasm by

    Geoffrey A. Moore (2002 edition)

    Customer Intimacy

    The Customer Intimacystrategy denes a need to beclose to the individual client

    and be responsive to hisspecic needs

    Operational Excellence

    The Operational Excellencestrategy denes a need to

    provide products and servicesat a very competitive price,typically accompanied by a

    volume approach

    Product Leadership

    The Product Leadership strategydenes a need to be perceived asproviding features and functions

    no one else is offering typically at apremium price

    Figure 1:Value Proposition Sample

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    operating in such markets must be close to the individual clients,

    build references which look alike, provide vertical functionality

    and integration capabilities to existing applications. Price is not

    the most important issue in such business cases.

    The Balanced Scorecard theory operates with a set of critical

    success factors associated with each of the three value elements.

    These critical success factors are very different for each value

    element.

    Balanced Scorecard further denes 4 management perspectives

    subdivided into 10 management elds. The importance of each

    eld is dictated by the customer value proposition and the

    associated critical success factors.7

    When you understand and accept the Balanced Scorecard

    paradigms, you will also understand and accept that a strategy

    must have a dominating value element, you simply cannot be

    equally good at all three (but you certainly can be equally bad at

    all three!)8.

    The main challenges in a business scenario with long and

    comprehensive value chains are:

    A. The long learning curve

    Whether you are setting up your own operation in

    a new territory or you are building a channel of

    independent resellers, the time and resources required

    for generating the rst reference customers will be

    substantial. We call this the long learning curve

    B. Fractional Revenue

    Only a fraction of the project revenue may ow back

    to you. The major portions will reside with the sales

    and implementation operation taking responsibility

    for selling and delivering the project.

    7 TBK Consult uses a strategy review tool called ValuePerform. This

    tool adds a fth management perspective measuring the execution

    power of the management team. The denition of the 5 managementperspectives as well as the critical success factors are listed in Appendix

    A and Appendix B.8 A value proposition with equal focus on the three vale elements is per

    denition unfocused.

    The businesschallenges

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    The long learning curve apply to the selling side as well as the

    purchasing side. Let's start by looking at the purchasing side.

    We are assuming that the purchase process was started by you.

    By presenting how you have been able to generate substantial

    benets for other clients, the current potential client is interested

    in learning more (although we must assume that he is also

    skeptical).

    The questions the decision makers at the potential clients will

    ask themselves (and maybe you) are:

    Is ABC Company really capable of delivering the value they

    promise?Should we reallocate resources to pursue this potential

    project at the expense of other projects?

    Will my situation be similar to the other clients Company

    ABC has helped?

    How much support can I expect if things dont run as smooth

    as expected?

    Will it hurt my position if this project fails?

    What do I risk by doing nothing?

    Even though the value proposition may be extremely promising

    and the benets substantial and even quantiable the decision

    making process will take time and require several meetings and

    maybe also require reference visits and a test/pilot project.

    The sales process is the structured way of organizing you efforts

    so that you can accommodate the customers purchase process

    successfully in the shortest time possible securing a happy

    customer.

    It is not within the scope of this white paper to address the

    issues associated with driving a sales process. Numerous books

    are written on this subject9. It is however crucial to stress that

    selling to a potential client outside your domestic market adds

    additional complexity and resistance, which we will address in

    this white paper.

    From previous sales situations in your domestic market you

    will know the questions the customers needs answered and the

    kind of proof he will require in the various stages of the decision

    9 Eg. The New Solution Selling, Keith M. Eades, McGraw-Hill and Jill

    Konrath: Selling to BIG companies, Dearborn 2006

    Purchasing

    The sales process

    The longlearning curveA.

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    making process. You also know which skills you need to allocate

    to make the process move forward and conclude the project with

    a positive outcome.

    Selling into a new geographic territory add additional challenges

    to the sales process. These are some of the most common issues:

    There may be legal or local market requirements that you

    solution do not meet10.

    You may need to operate in the local language and make all

    your sales tools available in local language.

    You may need staff that speak and write the local

    language.

    Your potential customers may be extra cautious because you

    have no presence and references in the local territory.

    A strong competitor may already be dominating your market

    in the new territory, making market entry very difcult.

    Your company is completely unknown in the new territory.

    Your current references are completely unknown in the new

    territory.

    The distance to your new market adds additional travel

    expenses and consumes additional time per activity in thesales process.

    The local people you may engage to help you are inexperienced

    with your solution, your company and your references.

    Let's assume that the price of the solution you sell consists of 50%

    software licenses and 50% consulting. In order to compensate

    your sales organization you decide to award the rst 5 sales

    cases they close with 50% on the net license value11. Let's assume

    that you decide to give your rst 5 customers a 25% reduction inthe license price as compensation for being rst and for acting as

    future references.

    The revenue you receive from the rst 5 deals in the new territory

    is then 18,75% of what you normally get when selling a similar

    solution in your current territory.

    10This white paper is not dealing with issues related to the localization

    of the software. For some solutions this may not be an issue or a

    language issue only, but for other solutions substantial localization

    may be required.11The sales organization may be an agent or a reseller who cover the

    sales cost and are remunerated only when a deal is completed. If the

    sales organization is a subsidiary you will have the xed cost even if

    deals are not completed.

    The additional challenge

    FractionalRevenueB.

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    In addition you most likely will have to allocate more resources

    to the sales process and you must expect a longer sales cycle

    compared to your home market situation.

    This is the real life scenario for almost all software companies

    penetrating a new territory.

    In the long value chain scenario, we rmly believe that the most

    effective approach to entering a new territory is making at least

    the rst 3-5 deals by yourself!12

    Irrespective of your strategic go-to-market

    approach, we believe the fastest and mosteffective boot strapping strategy is a direct

    one.

    For this recommendation to stand we must

    assume that your value proposition is very

    attractive and well documented and that

    you do not face severe local competition.

    If your solution can be matched by competitive solutions already

    available and established in the new market you basically onlyhave two options for market entry:

    Invest massively in market penetration and be patient1.

    Enter the market through acquisitions or joint ventures2.

    12This doesnt mean that an indirect model will not work. There may

    be situations where you can nd a Value Added Reseller of Systems

    Integrator which is prepared to co-invest in market penetration

    especially if you already have one or more qualied leads to work on.

    The general experience however shows that indirect sales models do not

    work in cases with long value chains. It turns out that many companies

    have difculties combining a direct sales approach on the domestic

    market with an indirect sales approach on export markets.

    Approaches to dealwith the challenges

    Winning new territory with solutions which

    are already widely available in the territory

    by local suppliers may an uphill battle. You

    must provide substantial additional value

    to make up for the risk of engaging with a

    foreigner.

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    XYZ Company is a value added reseller of SAP and Microsoft

    Dynamics AX/NAV. XYZ also have own proprietary IPbased solutions, but it is not the ambition to market these

    internationally. XYZ holds a dominating position in several

    vertical markets domestically and have been working on

    expansion into new territories for many years.

    XYZ Company was founded in the 1970ies and has a staff of

    close to 1.000.

    So far the international expansion strategy had been indirect

    convincing resellers of Microsoft Dynamics AX/NAV abroad

    to include the solutions from XYZ Company in their portfolio.

    However, this approach never generated very much revenue and

    as the costs of sales associated with supporting the Microsoft

    Dynamics partners were high the activity never became

    protable. Compared to the core business XYZ Company clearly

    suffered from the fractional revenue problem mentioned above.

    A new CEO revisited the situation and came to the following

    conclusion:

    XYZ Company is a successful Value Added Reseller of

    vertical solutions based on SAP, Microsoft Dynamics AX/

    NAV and our own IP. Our success is a combination of vertical

    market insight/understanding and solutions tailored to

    the individual vertical market and the client. We are client

    centric much more than we are product centric. Selling our

    software products to other VARs doesnt match our corestrategy and will always be an alien appendix.

    The analysis concluded that XYZ Company was neither a

    product leader nor a low cost provider. The position in the

    current markets was established through many years of market

    penetration combined with several acquisitions of smaller

    competitors. The customer value proposition was a combination

    of Customer Intimacy and Product Leadership in vertical

    functionality. Revenue growth was sustained by constantly

    adding new features to the existing solution portfolio maintaining

    a growing revenue stream from the current client base. Winning

    Company profile

    Case Study 1: XYZ Company

    The situation

    The analysis

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    new ERP13 customers is always tough14, but the vertical focus

    and increasing market shares in the vertical segments made XYZ

    Company the low risk choice15 for many new customers in the

    domestic market. A competitive edge of XYZ Company was alsothe substantial vertical competence domain knowledge, which

    their consultants could demonstrate and use in the dialog with

    potential clients. Building such domain knowledge takes time

    and/or requires recruitment of staff with domain experience.

    The strategy review process concluded that the only viable

    approach to entering new territories was through acquisition of

    successful local players in these markets. Company XYZ decided

    that remaining customer centric was of strategic importance.

    It was less important if the customers were all running on the

    same product platform and it was not a key issue which of the

    product platforms would be the dominating in the future.16

    Although the company XYZ is a 1.000 people operation they dont

    operate their own M&A function. By using external consultants

    they use a two stepprocess when entering a new market.

    13 Enterprise Resource Planning is the term coverings all solutions

    based on SAP and Microsoft Dynamics.14An enterprise is typically in the market for a new ERP solution every

    5-10 years.15 When enterprises are making substantial investment decisions in

    elds where they have little insight there is a strong tendency to choose

    the option with the lowest perceived risk. Very few companies have staff

    who can comprehend the quality of and the difference between various

    ERP software packages and the quality of the implementation partners

    available.16 It was certainly an issue to assess which of the platform providers

    (SAP or Microsoft) would be most successful in providing support for

    a certain vertical market. The Market Assessment therefore always

    included this element before executing the M&A.

    The Solution

    Market AssessmentA fast scanning of the market using a xed format

    assessment template

    Provision of a long list of acquisition candidates

    M&ALocal M&A company is engaged to manage the

    acquisition process

    1.

    2.

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    The differences in strategy required serving clients in a

    vertical market and serving Value Added Resellers explains

    why so many software companies fail in implementing anindirect sales approach.

    The Critical Success Factors are different, and the more

    successful you are as a VAR the more likely it is that you

    will be a poor ISV. ISV/Product Leadership stresses product

    development, time-to-market, functionality and an image

    as Premium Product. VAR/Customer Intimacy stresses

    customer service, customer guidance, relationships and a

    Trusted Brand image.

    The skill set required to talk directly to customers are very

    different from the skill set required to talk to VARs, who

    then talk to the customers.

    Managing both approaches under the same roof proves to

    be very difcult to all Value Added Resellers.

    Figure 2:Typical ISV value proposition

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    Company ABC is offering a combination of a software tool and

    consulting services which can save their clients between 5-10%

    of their IT server capacity needs per year compared to their

    current mode of operation. The return of investment is less than

    6 months and several current clients will testify that they have

    made substantial savings by using the services of Company

    ABC.

    The solution price point is EUR 1 mill and up.

    Potential clients are large enterprises with substantial IT

    installations and organizations especially enterprises which areprimarily based on information processing (banking, insurance,

    telco etc.)

    Company ABC is 20 years old and has a staff of 10 people.

    The company had for many years tried to set up international

    market penetration through agents and resellers, but had not

    sold a single license through any of these channels.

    3 years ago Company ABC contracted with an external

    consultant to rework the international go-to-market strategy.

    After an initial strategy review it was decided to put the

    international activities on hold. It was decided to build a

    professional sales capability locally and to rene the sales

    strategy for the domestic market rst. Full focus was put on

    winning more business with current clients and winning new

    clients in the domestic market. Further effort was invested in

    understanding and documenting the customer value proposition

    beyond the technical features of the software and services

    provided.

    During the period, where all effort was focused on the domestic

    market, several international opportunities presented

    themselves. However new attempts taking advantage of these

    opportunities to sell solutions in new territories also failed!

    Case study 2: ABC Company

    The Situation

    Company profile

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    The external consultant started to interview current clients

    at the executive level to nd out why they used the Company

    ABC tools and what they had achieved by doing so. During

    these interviews it became clear that the clients were not fullyconscious about the value that Company ABC actually provided.

    It also became clear that Company ABC could sell much more to

    the clients if they changed some of their approaches.

    By working with the clients to identify and quantify the benets

    substantial tangible and measurable benets were identied.

    The clients (at the executive C-level) were eager to help complete

    the assessments and to explore if further benets could be

    derived from using the tools and competence of Company ABC.

    The analysis also indicated that Company

    ABC hardly had any external competitors.

    Resistance to apply the tools and services

    primarily came from internal sources at the

    clients. Some clients had internal developed

    solutions which were ercely defended by

    the staff, who perceived their position in

    the company tied to the continuation of

    these activities. Resistance also came from

    technical staff, who didn't like the idea that an external party

    could identify savings and optimizations which they themselves

    could not. In general it became clear that the clients technical

    staff was not motivated by optimization opportunities or cost

    savings. Finally Company ABC found that some clients, who

    had outsourced their IT operation, believed that the outsourcing

    partner would take care of IT optimization.

    Based on the ndings from these interviews and the testimonialsfrom the existing clients it was decided to develop a completely

    new value proposition and go-to-market strategy.

    Selling at a lower level on technical capabilities had proven slow

    and unsuccessful. Selling business value to technical staff had

    also been unsuccessful.

    However working with the clients C-level executives identifying

    business value had proved to be extremely successful. However,

    selling to C-level executives requires a different skill set and

    Promises of cost savings or process

    optimization seldom motives non-executives

    to act. Sales messages based on nancial or

    process improvement must be addressed to

    the executive level.

    The Analysis

    The Objectives

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    a different type of sales person, than is the case with a more

    technical approach.

    Thus, the main objective of the new strategy was to sell "proven"value to enterprise clients using a C-level entry point. Further

    it was decided to break up the sales process in smaller portions

    which could be decided much faster by the client and to base any

    sales activity on data from each individual client.

    Changing the value proposition required a rewrite of all

    sales documentation and the development of a new web site.

    Additionally the way sales was undertaken also went through a

    complete redesign introducing a 3 step process:

    Finally, with the contact point for new leads being a C-level

    position person, new sales material and sales pitches were

    develop to match the tone and concerns of this type of roles.

    Training sessions were conducted in "selling to the C-level".

    Company ABC also decided to offer clients a performance based

    payment scheme as an alternative to the traditional cost based

    pricing approach with paying for licenses, maintenance, support

    and consulting.

    The Health Check is an analysis, which Company ABC can

    perform on data delivered by the potential client. Providing this

    data is a minor effort on the clients' behalf and doesn't require

    any investment over and above the time used to dump the data,

    send it to Company ABC and participate in the workshop where

    the results are presented. Based on this data Company ABC can

    perform analysis which will indicate if a potential optimization

    The Solution

    Health Check

    Health CheckVery little effort by client

    Proof of ValueSome effort by client

    Full Scale ImplementationFull support from client

    1.

    2.

    3.

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    and thus saving is possible. It is absolute imperative that the

    Health Check is supported by a power sponsor.

    Proof of Value is an implementation of the Company ABC tools

    at the client site and running real time monitoring in a certain

    period, making some of the changes recommended in the Health

    Check AND where Company ABC will be paid a percentage of

    the savings. In many cases the clients decided to jump the Proof

    of Value and simply acquire the tools and services at list price,

    because that was more favorable than paying the performance

    based fees.

    Full scale implementation is the phase where the client is usingCompany ABC tools and services on a daily basis.

    As opposed to earlier, full scale implementation includes

    periodical reviews where consultants from Company ABC

    perform capacity auditing and recommend additional actions to

    optimize and save investment in additional application licenses

    and server hardware.

    With hardly any external competition and a very promising

    value proposition, Company ABC decided on an aggressive

    growth plan including the penetration of international markets.

    The company decided for a direct approach with no resellers

    or distributors in between, but to build a brand and capability

    to serve clients all over the world through local organizations

    controlled by the company.

    Being short on equity the company decided to identify local joint

    venture partners who were prepared to co-invest in building a

    presence in new territories.

    The strategy was to implement the new value proposition and

    go-to-market strategy in the domestic market with current

    resources and start penetrating the neighbor territories through

    new joint venture partners, with sales and technical support

    from current resources.

    The joint venture partners would initially operate as sales

    agents. As soon as a base of 2-3 customers were in place the

    agent agreement would be replaced with a subsidiary, where

    Proof of Value

    Full Scale Implementation

    The Strategy

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    the agent would hold 49% and Company ABC 51%. A pull option

    would secure Company ABC the right to purchase all remaining

    shares and secure the agent a very favorable capitalization of the

    value created.

    The strategy proved very successful in the domestic market,

    where several new clients were added to the reference list with

    much shorter sales cycles than previously. Sales cycles were not

    quite as short as hoped for and managing internal resistance

    from the clients technical staff was still an issue which required

    energy and time.

    Finding and making joint venture partners abroad perform

    proved to be a real challenge. In spite of the new value proposition

    and the new go-to-market approach sales cycles in new territories

    were still 9-12 months. Finding joint venture partners who were

    prepared and able to allocate all their time to building up a

    pipeline and manage the sales process without being paid until

    signed client orders were closed, was very difcult.

    Through the personal network of the management consultant

    a joint venture partner was identied in a neighboring country.

    The joint venture partner was already acquainted with the

    potential client base and had access to power sponsors in most

    enterprises in the territory. Within 9 months the rst contract

    was signed with a new client in the territory and a signicant

    pipeline of projects was in place for closing in the 4th quarter

    and in the following year.

    Company ABC yet has to prove that the GTM strategy is

    scalable and that they can nd the joint venture partnersrequired to boot strap a new market. Using traditional

    recruitment agencies is considered an opportunity and will

    be tried in the near future.

    Company ABC benets from having only 1 strategy to

    maintain irrespective of which market they enter.

    The company has recognized a need to be very close to the

    individual customer. They therefore only recruit people who

    are already acquainted with the customer base and who arecapable of communicating value at the executive C-level.

    Activities

    Conclusion

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    With little competition and a complex domain area they

    can afford to put less attention on product development.

    However they recognize a need for productizing, product

    planning and roadmap management as their installedbase continues to grow. The lack of competition and the

    extremely attractive return on investment which the

    solution delivers, does not call for focus on Operational

    Excellence. However, the cash requirements for building

    up new markets are driving a focus on how to optimize the

    go-to-market investments.

    Figure 4:ABC Company Value Proposition

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    Hans Peter BechHans Peter Bech has more than 25 years of experience with

    international sales & marketing of ITC products, services andsolutions. Hans Peters core competencies are:

    Enterprise B2B business process software solutions, ERP/

    ERM/CRM solutions and software engineering (bespoke

    development).

    Go-to-market strategy/program development and

    implementation, including reference client recruitment,

    recruitment of reseller and distributor channels and setting

    up new subsidiaries.

    Extensive experience with and personal network inScandinavia, Eastern and Western Europe, Russia, North

    America, Australasia and South Africa.

    From 1998 to 2001 Hans Peter lived in Stuttgart, Germany

    responsible for building the partner channel for Damgaard/

    Navision (later acquired by Microsoft) in Germany, Austria and

    Switzerland.

    Hans Peter speaks Danish, English and German.

    Hans Peter holds a M.A. in macroeconomics and political science

    from the University of Copenhagen.

    As a sales person Hans Peter qualied more than 15 times for

    100% Clubs, Summit Conferences, Million $ Clubs and Top

    Performer events.

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    The Financial PerspectiveCapital base: Cash ow and Earnings

    The Learning/Growth Perspective

    Organization Capital: Satisfaction, Values and Team spirit

    Information Capital: IT, Knowledge sharing and External cooperation

    Human Capital: Recruitment, Retention and Development

    The Internal Perspective

    Innovation: Product development and Process development

    Customer management: Attraction, Retention and Dependence

    Operation: Capacity, Flow and Flexibility

    Regulatory and Environment: Security and Ethics

    The Customer Perspective

    Product/Service: Competitive parameters and Customer value

    proposition

    Relationships: Customers relations, Customer loyalty

    Image: Knowledge and Recommendations

    The Management Perspective

    Objectives: Planning and Focus

    Strategy: Mission and Business plan

    Action: Resourcefulness and Achievement of objectives

    People: Management composition, Leadership development

    and Leadership experience and cooperation

    Appendix A:ValuePerform operates with 15 management elds divided into 5 Perspectives. 4 of these perspectives

    are known from the Balance Scorecard. The fth perspective is added by ValuePerform to measurethe ability to execute. The 15 management elds are:

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    Appendix BCritical Success Factors areas according to Balanced Scorecard

    Assuming Product leadership

    Assuming Operational Excellence

    Assuming Customer Intimacy

    The internal process area Innovationis critical, consequently

    focus is on the following areas:

    Idea generationProduct developmentContinuous introduction of new productsJoint ventures / Partnerships

    In terms of the Customer PerspectiveProduct/Service attributes,

    areas of critical importance are:

    Time-to-marketFunctionality/Performance

    As a brand the company should pursue a reputation as aPremium product

    The internal process area Operationis critical, consequently

    focus is on the following areas:

    Supply chain managementOperational cost efciency:

    Cost reduction

    Quality improvement andProduction time reductions

    Capacity managementIn terms of the Customer Perspective Product/Serviceattributes,

    areas of critical importance are:

    Price/qualityTimeRange

    As a brand the company is appealing to the Smart shopper

    The Internal Perspective dimension Customer Managementiscritical, consequently focus is on the following areas:

    Solution DevelopmentCustomer ServiceCustomer relationship managementCustomer guidance

    In terms of the Customer Perspective, the Relationship

    dimensions of critical importance are:

    Customer RelationsCustomer Loyality

    As a brand a company should pursue reputation as a trusted

    brand.

    TBK WIPA 001