As marketers, one of your primary goals is to generate leads and convert them into sales. However, all too often, there can be friction between various teams that prevents them from achieving this goal. When it comes to b2b marketing friction can be seen in between brands and their channel partners.
It is where strategic alignment comes in a process that aligns both goals, objectives, and strategies, enabling them to work together more effectively.
What is Strategic Alignment?
It is the process of aligning the goals, objectives, and strategies of different organizational departments. In the context of B2B channel marketing and sales, strategic alignment involves aligning the goals and objectives of marketing and sales teams to ensure they work together towards a common goal.
The idea behind strategic alignment is simple – by aligning different departments’ goals, objectives, and strategies, organizations can work more efficiently and effectively towards a common goal, resulting in improved performance and better results.
Why is Strategic Alignment Important for B2B Channel Marketing?
In B2B channel marketing and sales, strategic alignment is critical for several reasons.
- Objective Alignment
By aligning the goals and objectives, organizations can ensure that both teams are working towards a common goal – generating leads and converting them into sales.
- Friction Reduction
Often, marketing teams generate leads and pass them over to sales or channel partners, but there can be a need for more clarity between the two groups regarding how they approach these leads.
By aligning the goals and objectives of both teams, organizations can ensure that they are working together more effectively, reducing friction and improving overall performance.
- Communication improvement
It can improve communication between various teams. By aligning their goals, objectives, and strategies, organizations can create a shared language and understanding, enabling better communication and collaboration.
How to Implement Strategic Alignment
Implementation of anything new is going to be challenging in your organization, but there are some critical steps that you can take to get started:
- Define Your Goals and Objectives
The first step in implementing strategic alignment is to define your goals and objectives. It involves sitting down with your teams to determine what success looks like and what metrics you will use to measure it.
- Identify Areas of Overlap
The next step is to identify areas of overlap between different teams. It involves looking at different sales funnel stages and identifying where these teams can work together to achieve common goals.
- Develop Shared Languages
One of the biggest challenges in implementing strategic alignment is the language barrier and clear understanding between team members. It involves ensuring that both groups understand their goals, objectives, and strategies and use a common shared language to describe them.
- Develop Common Processes and Workflows
The next step in strategic alignment is to develop shared processes and workflows. It involves defining “how all teams will work together at each stage of the sales funnel” and creating strategies and workflows that enable this collaboration.
- Measure and Analyze Results
It’s one of the most critical tasks to ensure your strategic alignment efforts work. It involves tracking key metrics (lead generation, conversion rates, and revenue) and analyzing them to identify areas for improvement if needed.
The Benefits of Strategic Alignment in B2B Channel Marketing
Implementing strategic alignment in your organization can have a range of benefits in b2b channel marketing, including:
- Improved Lead Generation
Organizations can improve lead-generation efforts by aligning the goals and objectives of marketing and sales teams. Every team can work together to develop targeted campaigns designed to generate leads that are more likely to convert into sales.
- Better Lead Quality
Strategic alignment can also improve the quality of leads generated for marketing teams. By working together with sales teams, marketers can better understand the types of leads that are most likely to convert, allowing them to develop more targeted and effective campaigns.
- Increased Conversion Rates
Through strategic alignment, organizations can also improve conversion rates. Marketing teams can create campaigns designed to move leads through sales more quickly and effectively, while sales teams can focus on closing those leads.
- Improved Experience
It can also help to improve the customer experience. By working together, teams can better understand potential leads’ needs and preferences, enabling them to deliver more personalized and effective communication and engagement.
- Reduced Costs
Finally, it can also help reduce operating costs; by working together more effectively, the marketing and sales teams can reduce expendability and eliminate inefficiencies, resulting in lower costs and improved ROI.
Strategic alignment is critical in B2B channel marketing, where you want to improve performance, reduce friction with sales teams, and achieve better results. By aligning every team’s goal, objectives, and strategies, organizations can work more efficiently and effectively toward the bottom line.
You can use strategic alignment in loyalty programs too, which will streamline you with your channel partners. To know “how you can increase channel partner engagement through loyalty platform and solidify your bottom line” you can book a demo.