Confidence Near The Top Isn't Great for Tech Buying Teams
Hank Barnes
Chief of Research-Tech Buying Behavior, Gartner - Exploring the Challenges and Opportunities Surrounding Tech Buying Decisions
A couple of articles ago, I shared some information on a recent study Gartner did focused on CXOs. Then, I looked at the failure to understand required activities in the buying process as a confidence eroder.
This week, will do a bit of munging together, looking at how job levels influence some of the issues discussed in the second post.
Let's start with surprises. Grouping respondents by Job Level, we can see more concerning information:
We already know that C-Execs confidence in technology decisions and responsibilities are low, but they also don't know some steps that have to follow to buy. But at least they aren't as bad as the VPs and Directors. Managers are a bit of a shining star here, perhaps because they are more actively engaged in the work?
But let's dig further. First let's look at those that have high regret for a recent expansion decision (investing more in a subscription agreement):
A similar story emerges, but with some better news for the C-Execs, but continued bad news for VPs and Directors.
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Finally, let's look at the default attitude of pessimism. We ask respondents if the regret almost all subscription deals they complete. If they agree, they are pessimists. We have a great data interactive for clients that you can use to explore pessimism from many angles, but here is the picture for the groups we've been discussing:
Yep, the same pattern.
So what do we do. Some potential ideas:
What else would you do given these insights?
The articles in this newsletter do not follow Gartner's standard editorial review. All comments or opinions expressed here are mine and do not represent the views of Gartner, Inc. or its management.
Chief Revenue Officer
1 年Pessimism would be significantly lower if the expected outcomes for those subscriptions were quantified in gross dollar terms, and the vendor forecasted the date that those outcomes will be achieved. Easily done.
Principal Consultant - Digital Business Growth Advisory
1 年Hank Barnes, thanks for sharing. I'd create a buyer's checklist of actions that are specific to the insight needs of Exec decision makers. Something conceptually similar to this one https://bit.ly/B2B-SaaS-checklist "What else would you do given these insights?" I'd be thankful I'm not a vendor AE
Author, speaker, advisor, best known for Crossing the Chasm, Zone to Win and The Infinite Staircase. Board Member of nLight, WorkFusion, and Phaidra. Chairman Emeritus Chasm Group & Chasm Institute.
1 年Hank, I'd love to see you subset the response data between GMs of business lines and VPs of functions. My hunch is that VPs of functions are llkely to be running organizations in the Productivity Zone and are not seeing the optimizing ROI they were promised. My hunch is that GMs of lines of business in the Performance Zone are getting more of what they need, particularly if it impacts their top line. Anyway, it would be great to see either way.
SVP Oracle
1 年60% regret new subscriptions deals? Begs the question why they keep signing new deal - I think I've seen at a rate of 12 per month?