How Strategy Accelerates Business

Unfortunately, most businesses today bypass the disciplined process of strategic planning which can set a clear light on quantifiable benchmarks for stakeholders, partners, and customers. Many times, management plans are just a combination of past business experiences, anecdotal market knowledge, and intuitive decision-making.

However, to succeed, every organization needs to invest in a comprehensive marketing strategy to grow and prosper.

Remember, there is no one-size-fits-all. And strategy is not just performing campaigns. A real strategy begins with auditing current efforts and using the findings to discover what pieces are working, what pieces are missing, and if you’re heading towards success. It then morphs into an approved roadmap that marries channels and tactics to technologies to achieve short and long-term goals.

Process
The first step of any business strategy process is the discovery stage. This is where your team really begins to understand what you’re trying to accomplish, what’s necessary to get you there, and what to look at differently. The next stage is to identify areas to optimize and any new areas that you should focus on. This helps eliminate any potential missed opportunities. Formulating this type of cohesive strategy allows you to then reach your target audiences more effectively on the platforms they prefer. Between the 5,000 ads that the average person sees every day, it’s imperative to stand out. And if you aren’t reaching your customers where they are, another company will.

 

Marketers

For many, marketing is a necessary but separate activity from the primary work of the business, a task added to the end of the business process to communicate the availability of products or services through advertising. In other words, marketing is a set of tactics that occur after everything else is complete.

But as marketers, it is our obligation to keep an eye on evolving consumer trends and the social, economic, and political factors that drive them. We are expected to be agile, which means that we cannot afford to rest on our laurels. The market is ever on the move, and you ought to move with it by keeping your ears on the ground. Revamping your marketing strategies will ensure that your marketing efforts are ahead of the curve, whether it’s automating communications, exploring new channels, or optimizing through emerging technologies.

Digital

It’s hard to believe that over 47% of marketers have no digital strategy at all, according to SmartInsights.

Yet creating one is a critical component in marketing, since most prospects are constantly connected via their smartphone, laptop, or desktop. A strong digital strategy has many benefits, it can help you leverage automation technologies, utilize predictive analytics, and increase customer lifetime value by understanding your customers way beyond just analytics. Designing a strategy usually begins with a complete Digital Transformation Analysis. So, whether it’s testing out new digital tools, targeting new audiences, or trying a new tactic—without a clear strategy, it won’t be a cohesive experience, and you won’t stand out from the crowd. It doesn’t matter if you have a digital marketing degree or tons of experience, without a clear strategy you will easily underestimate a lot of things.

Benefits

In short, a solid strategy helps outline a clear path to strategic goals and establishes a unified vision that is aligned with every department.

To design one, you need to determine what success looks like and create your strategy around it to help you get there. One of the biggest benefits to a good strategy is the ability to track ROI, ensuring that you can support the operations behind your plans.

For example, you can avoid time and resource wasting, such as different parts of a marketing department purchasing different tools or using different agencies to accomplish similar marketing tasks. You can eliminate such costly duplication with an effective strategy. You can also avoid the risks that come with disintegration, this occurs when marketing is accomplished in silos. If your digital marketer sits in the IT department, it is a disaster just waiting to happen.

 

Theorem

Not sure what your strategy should look like? Or maybe you don’t have the time or bandwidth? Connect with an Apex IT Theorem Marketing Acceleration Advisor. We’d be happy to discuss a customized ‘next level’ strategy with you and show you where you stand on our proprietary Capability Maturity Model (CMM).

 

 

 

 

Blog post written by:

Jonathan Bonghi
Marketing Strategist
Theorem, div. Apex IT
[email protected]

 

Deliver Customer Service that Meets the Moment

Over the last two years, brands were forced to accelerate their digital transformation efforts in just a few short weeks to meet the need for all things contactless.

During that time, customers made purchases and were serviced over digital channels more than ever before. And now, when they reach out to brands for help, expectations are high that the service they receive—be it human or not—is personalized, effortless, and consistent.

According to McKinsey, 75% of people using digital channels for the first time during the pandemic indicated that they would continue to use them when things returned to ‘normal.’

And at our recent virtual summit, “Deliver Service That Meets the Moment,” guest speaker Kate Leggett of Forrester indicated that 88% of contact center decision-makers project their self-service volumes increasing in the next 12 months.” So, it’s more important than ever to equip service teams with the right tools and customer insights to deliver proactive, personalized, and contextual interactions anywhere at any time.

During the virtual summit, Daniel Foppen, director of product management, and Alice Park, senior product manager for Oracle Service, demonstrated how Oracle Service can provide amazing digital-first service experiences.

Customer service has quickly become the face of the brand, now responsible for delivering a holistic brand experience across all channels. Is your service team ready to respond to these new customer demands?

Oracle Advertising and Customer Experience (CX) has assembled a strong ecosystem of partners to help you enable a seamless service experience—one truly built with a digital-first mindset.

Apex IT is proud to be one of these partners. We provide award-winning, global consulting services that transform your customer, employee, citizen, and student experiences.

Apex IT is a 25-year partner of Oracle and a five-time Oracle CX partner of the year Markie Award winner that supports the entire application implementation continuum—from strategy development and implementation to change management and training.

Our EVP, Bryan Hinz, discusses this at the CX Services Summit. He talks about creating business solutions and improving customer service experiences throughout the entire lifecycle by combining your applications and technologies. To watch the video on our YouTube channel, click here.

 

Most of Article written by:

Carrie West
Senior Product Marketing Manager, Oracle Advertising and CX