• Recent Posts: Influencer Relations

    Saying farewell to David Bradshaw

    Saying farewell to David Bradshaw

    A funeral and celebration for David Bradshaw (shown left in this 2000 Ovum awayday photo, arm raised, with me and other colleagues) is to take place at West Norwood Crematorium, London SE27 at 2.45pm on Tuesday 23rd August and after at the Amba Hotel above London’s Charing Cross Station, on the Strand. David considered that that Ovum in that incarnation was […]

    David Bradshaw 1953-2016

    David Bradshaw 1953-2016

    David Bradshaw, one of the colleagues I worked with during my time as an analyst at Ovum, died on August 11. He led Cloud research in Europe for IDC, whose statement is below. David played a unique role at Ovum, bridging its telecoms and IT groups in the late 1990s by looking at computer-telecoms integration areas like CRM, which I […]

    AR managers are failing with consulting firms

    AR managers are failing with consulting firms

    Reflecting the paradoxical position of many clients, Kea’s Analyst Attitude Survey also goes to a wide range of consultants who play similar roles to analysts and are often employed by analyst firms. The responses to the current survey show that consultants are generally much less happy with their relationships with AR teams than analysts are. The paradox is that as […]

    Fersht: some IIAR award-winners “just tick the boxes”

    Fersht: some IIAR award-winners “just tick the boxes”

    Some of the firms mentioned by the IIAR’s analyst team awards fall short of excellence. That’s the verdict of several hundred analysts who took our Analyst Attitude Survey, and of the CEO of one of the top analyst firms. Phil Fersht left the comment below on our criticism of the IIAR awards. We thought we’d reprint it together with the […]

    Do the IIAR awards simply reward large firms?

    Do the IIAR awards simply reward large firms?

    The 2016 Institute for Industry Analyst Relations’ awards seem to be rewarding firms for the scale of their analyst relations, rather than their quality. In a blog post on July 6th, the IIAR awarded IBM the status of best analyst relations teams, with Cisco, Dell and HP as runners-up. Together with Microsoft, which outsources much of its analyst relations to […]

Research consumers need account maintenance, part two

Last week (see Part One) we spoke of how getting the maximum value from an automobile required a certain amount of ongoing maintenance and how analyst firm contracts were no different.  We suggested that research consumers create a multi-point checkup and review status with the firm’s Account Executive (AE) on a regular basis.  Each client should have a specific checklist that matches their goals and objectives, but there are some common themes that apply to any purchaser of analyst research.

Some checklist items

First you should consider housekeeping items that pertain to the everyday working of the contract. Are there problems with billing? Have you received the complete set of research deliverables? Have inquiry requests been handled appropriately? Have there been any difficulties with access to the firm via phone or web?

Next are there any training needs such as new hires or new functions?  The Account Executive can direct you to a source for continuous retraining or updating on changes at the analyst firm.  The research consumers in your organization should receive training sessions related to: overviews of the services retained, how to do an inquiry, how to use the web site effectively, and how to identify relevant research and analysts.

The most important element of the checkup would be a status check against objectives.  Although it may sound obvious many research clients do not have clearly stated objectives and therefore have no way of measuring success.  Why did you engage the analyst firm?  What are your expectations?  Objectives will vary by organization, but could include: How executive staff wants to use key analysts as a sounding board to review strategy and plans, how your clients are viewing our company versus the competition, which vendors should we consider as we move toward new IT infrastructure planning, how we can improve the overall use of the analyst firm research.

The regular review

This type of review of objectives brings a goal structure to the relationship. It also forces the AE to be proactive in helping you achieve those objectives.  Don’t leave the timing to “I’ll get back to you”, but rather lay out a solid contact timetable.  Scheduling a regular, perhaps bi-monthly, meeting will force a structure that is much more effective for both you and the AE.  Create notes or minutes to the meeting, establish follow up items, and publish the results as part of your analyst contract metrics.

SageCircle Technique:

  • Establish a checklist that is specific to your research needs
  • Establish regular meetings to review the checklist
  • Document your meetings and evaluate success against stated goals

Bottom Line: By creating and using a checkup process to manage the relationship with your analyst firm you can enhance the value of the research and obtain higher value from your contract.  Clients need to be proactive in creating this checkup process.

Questions: Research clients:  Do you currently have a process to achieve high value from your firm contacts?  Analyst firm sales executives – Are you working to ensure that every part of your contract is getting fully utilized and delivering visible business value?

Are you getting full value from your contracts with the analyst firms? SageCircle can help. Our strategists can:

  • Assist in creating analyst firm contract goals and objectives
  • Help you establish a realistic firm checklist
  • Determine the best ways to negotiate contact value.

SageCircle strategists understand your opportunities, challenges and priorities because we have been AR practitioners and executives as well as industry analysts and AR researchers. SageCircle emphasizes the use of phone-based inquiry through its Advisory Service, which is your lifeline when you need timely access to an AR and analyst expert to exploit an opportunity or mitigate a problem. Advisory is available through an annual “all you can eat” contract or blocks of two or five hours “by the drink.” Click here to learn more about our advisory services.

To learn more contact us at info [at] sagecircle dot com or 650-274-8309.  

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  1. […] Research consumers need account maintenance, part two […]

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