Expert Video

Steve Hurley interviews Nina Hargus, VP of Global Services at EMC Corporation on some of the difficulties in enabling the channel to sell solutions

Defining a "Solution"

"Solutions" is one of those slippery words that can mean anything and everything. In the context of B2B companies, however, the term has taken on a specific meaning.  A council of leading solutions marketing professionals, sponsored by ITSMA, developed the following definition:

"A solution is a combination of products, services, and intellectual property focused on a specific business problem that drives measurable business value."

While we like and agree with this definition, we believe that it's missing s few important elements, so here is our definition:

"A combination of products, services, and intellectual property focused on a specific business problem or opportunity that drives measurable business value and can be significantly standardized. The solutions components can be from either the vendor and one or more partners, and the solutions implementer can be the vendor, the partner, the customer itself, or a combination of the three."

It's a bit longer, and doesn't exactly roll off the tongue, but we nevertheless have found that it clicks with both buyers and sellers given its emphasis on solving specific business problems with measurable business value.  Also, the value is determined by the amount of the solution that is delivered by each of the parties involved in creating the solution. Understood as such, the word "solution" can get beyond the hype and provide important direction to business strategy and operations.

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Entries in solution selling (4)

6:39PM

Solutions Success Story: How VMware shifted its go to market strategy to a solutions focus

VMware, a software company focused on virtualization and cloud computing, recently faced a classic dilemma that many companies, especially technology-based companies, have encountered. The business model was to develop and sell software packages. These packages were created and sold as products -- traditional product development processes were applied, the portfolio was comprised of 60+ separate products that were sold separately, and the marketing programs and messages were designed to support each of the product categories independently.  The reason for this approach can be traced back to its historic roots -- it started out as a single-product company.  Through new technology developments, plus a succession of acquisitions, the company quickly expanded its portfolio with no shift in its go-to-market or sales strategy.  In effect, VMware was doing what many software companies have always done -- focused on developing a broad portfolio of differentiated products, and then incenting the sales force to go out and sell licenses for all of them.

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2:07PM

Using account-based marketing to create and market new solutions

B2B companies committed to selling high value solutions often struggle where the rubber meets the road: the individual customer or prospect. Their websites highlight "solutions" and marketers pump out collateral that talks about their customers' business problem, but they have a much tougher time persuading specific customers that they are truly focused on delivering tailored solutions for their unique situations and challenges. The unfortunate reality is that generic "solutions" often need a fair degree of customization if they are going to deliver substantial business value to different customers even in the same industries.

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5:46PM

Provoking the sale: One crucial meeting?

While the main idea of “provocation-based selling” may not be so new, Geoffrey Moore’s recent article has certainly provoked some useful thinking here at Solutions Insights. Steve Hurley has already presented our general perspective that the differences between Moore’s “new” idea and the longstanding tenets of solutions selling are actually minimal at best. Indeed, we have always believed (and taught) that good solutions selling requires just the type of deep customer insight, strong point of view, and executive-level engagement that Moore, et al, claim are the key ingredients of the new approach.

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7:49PM

Is selling solutions a contradiction in terms?

I don't know how many millions B2B companies have invested in "solution selling" programs, but it's an enormous number -- and of course Solutions Insights will happily help your sales team do a better job in this area, too.

But I really wonder if the whole idea of "selling solutions" is a contradiction in terms.

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