What can companies do to achieve more efficiency and effectiveness in technical salesand B2B marketing? That was the task assigned to a team of students from the Global Salesand Marketing program at FH Upper Austria Campus Steyr by voestalpine.
In a multimethodical investigation comprising literature analysis, focus groups, analysis of job postings, and a comprehensive quantitative survey, students sought and found answers that are intended to contribute to the efficient and effective integration of marketing andsales in technical companies. The core questions of the student project were: Will B2B marketing and technical sales operate separately from each other, even drift apart, or will a very close collaboration, even integration of the areas, emerge? To what extent will digitalization play a role here?
"Discussions about the different roles, goals, and tasks of marketing andsales departments in technical companies are ongoing. COVID-19, increasing digitalization, globalization, education, and new generations of workers (Gen Z) have changed the working world, including marketing andsales in technical companies," says FH-Prof. Mag. Dr. Andreas Zehetner, Professor of B2B Marketing andSales at the Campus Steyr.
Marketing andsales are growing closer through digitalization
In summary, according to Zehetner, the results of the project indicate the following development: "While some tasks, such as price negotiations (sales) and promotional materials as well as the website (marketing), are clearly assigned to individual areas, some topics (lead generation, acquiring new customers, personalization of the customer experience) have shifted more towards the responsibility of marketing departments."
However, the question of how advanced the integration of marketing andsales is in the individual surveyed companies is sobering. On average, among the 115 surveyed company representatives, integration of marketing andsales is seen at around 60%. This means that there are approaches to shared processes, an exchange of information, but not yet complete integration of the two areas. According to literature recommendations, complete integration would be characterized by marketing departments developing sales tools that help sales employees qualify leads, while simultaneously using feedback from sales to offer existing proposals to new market segments. Performance evaluation of both teams would be based on common indicators andsales goals, which are also binding for the marketing departments.
What recommendations can B2B companies derive from the student project?
Good collaboration with continuous communication is seen as inevitable for a good output. The working areas of marketing andsales are less clearly delineated than before, mainly due to digitalization.
Marketing departments have access to individual customers and customer preferences and can react accordingly on an individual level. Sales departments can use social media to stay in contact with customers. Especially marketing departments increasingly use digitalization for lead generation, gathering individual customer preferences, or specifying offers. Marketing departments in the B2B sector will experience an expansion of their areas of responsibility and will work primarily more customer-oriented than product-oriented. Tasks that were traditionally associated with sales, such as acquiring new customers, customer management, or budget planning, have already been integrated into marketing in many cases. Joint planning of sales goals and the integration of marketing departments into innovation and product development are also desired, especially by the management level. Price negotiations and key account management are still located in sales departments.
More technical knowledge required for employees
Regarding the expected knowledge of new marketing andsales employees, technical knowledge and knowledge of marketing digitalization (SEO, SEA, AR, AI, VR) are especially important. Andreas Zehetner adds: "A profound education, ideally in the combined salesand marketing area, will be crucial. Changes will occur in the corporate cultures and the organizational and procedural structures of the marketing andsales departments of technical companies in Austria."