Rebeca Hwang: Creation of Tech Companies and University Entrepreneurship
Creation tech analysis
-
Upload
abdul-farooqi -
Category
Business
-
view
35 -
download
0
Transcript of Creation tech analysis
![Page 1: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/1.jpg)
Creation TechnologiesWebsite Industry Benchmarking comparison report
![Page 2: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/2.jpg)
A Gift from the Ismoip Team
![Page 3: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/3.jpg)
This benchmark report contains…
• Evaluation of Creation Technologies’ online presence against 4 critical success factors
• Recommendations to prepare your website for the next era of global growth and innovation
![Page 4: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/4.jpg)
You may have noticed..
Your business is evolving fast.
Business-as-usual approaches will no longer be adequate..
![Page 5: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/5.jpg)
However..
![Page 6: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/6.jpg)
The Manufacturing industry continues to operate in a
herd-like mentality
![Page 7: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/7.jpg)
Despite advances in technology, there has been little progress in
the Front end*
*Business Development Activities
![Page 8: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/8.jpg)
78%* of their websites are Plainly Unbearable
*estimate
![Page 9: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/9.jpg)
Because they are not built with the end user* in mind
*buyers *distributors *suppliers *prospective customers * employment candidates * potential joint venture partners
![Page 10: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/10.jpg)
Its a Vicious Cycle
![Page 11: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/11.jpg)
4 Critical Factors a Manufacturer’s Website must have to delight customers, distributors, suppliers and other industry partners.
![Page 12: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/12.jpg)
#1You’re Site has a Sales Function
![Page 13: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/13.jpg)
Buyers, especially in manufacturing are driven by research
If you’re not the one providing relevant product and service information, then they will goto a
competitor that is
![Page 14: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/14.jpg)
Now, for a moment..think of your site as a salesperson..
![Page 15: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/15.jpg)
Does he blabber or educate?..
Does he answer all the doubts and objections.. your prospect may have?
![Page 16: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/16.jpg)
Does your website’s information flow like an ideal sales person…?
Certainly, not…
![Page 17: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/17.jpg)
Your website = most important sales person
All of your leads and potential customers visit your website.
What a missed opportunity, that it is not speaking like your best sales person.
![Page 18: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/18.jpg)
Against the Benchmark: Website DesignDoes your page blabber? YOUR SITE CATERPILLAR
![Page 19: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/19.jpg)
Against the Benchmark: Navigation Which one seems Easier to browse?YOUR SITE CATERPILLAR
![Page 20: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/20.jpg)
Against the Benchmark: Underperforms
YOUR SITE• Useful information on services is
available but takes significant time to navigate• Site is dated and fails to
demonstrate itself as “cutting edge, and innovative”• Specifics are unavailable but
point of contact is mentioned
CATERPILLAR• Website is modern, very usable
and seamless to navigate• Solutions are segmented and
summarized• Deep information available on
each productGet inspired, visit:
www.cat.com
![Page 21: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/21.jpg)
Recommendation
•Update website design: cut the unnecessary for the necessary to shine•Aim to educate your buyers/distributors•Provide deep product/service information•Aim to complement all existing business development
efforts
![Page 22: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/22.jpg)
#2Stop Hiding Information
Your customers don’t like it
![Page 23: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/23.jpg)
Studies with B2B consumers show people getting frustrated & leaving sites that don't show crucial
information – primarily prices.
![Page 24: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/24.jpg)
Most web users prefer to find information on their own, not by interacting with a sales agent.
Especially in the early research phase
![Page 25: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/25.jpg)
Study Findings
• Participants go to competitors’ sites when websites do not show prices
•Websites that seem to have good product information (including pricing) will most likely make a candidate’s shortlist.
Nielsen Norman Group
![Page 26: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/26.jpg)
Legitimate Rationalizations…..& Excuses
•We don’t want our competitors to know the price
• Price varies for different customers
• Price constantly fluctuates
• Customized services have unique prices
• and so on…
![Page 27: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/27.jpg)
Not showing pricing works like this:
Consumer’s mind:
“Where is the information I’m looking for”..
To…
“They’re hiding the information I need”..(it gets worse)
![Page 28: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/28.jpg)
“They seem so difficult to deal with..” (it gets ever more worse)
![Page 29: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/29.jpg)
I DON’T LIKE Them(there, you lost them)
![Page 30: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/30.jpg)
Legitimate Reasons Why They Need Prices
•Pricing is need for planning; it is required to make
budget-allocation decisions and for companies and
contractors to submit bids to clients
![Page 31: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/31.jpg)
Legitimate Reasons Why They Need Prices• Price is a key component in product comparison; it
determines product category
• If you provide this information, potential buyers will look at you as a primary resource!
![Page 32: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/32.jpg)
Against the Benchmark: Pricing InformationAre you hiding something? YOUR SITE Nielsen & Norman• n/a
![Page 33: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/33.jpg)
Recommendation
Yes, manufacturing pricing can be complex. But pricing is important and you must address it.
Consider: - Revealing scenario-based price- Show sample pricing for previous works
![Page 34: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/34.jpg)
#3New Consumers demand
after-sales service
![Page 35: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/35.jpg)
Manufactures are being pressed to deliver a more “circular” experience rather than the typical “Take-
Make- Dispose” Model
![Page 36: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/36.jpg)
Take-Make-Dispose as a Business Model:
1. Takes orders2. Makes the required product 3. Disposes of the relationship once the contractual good has been rendered.
![Page 37: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/37.jpg)
“Circular” Business Model:
1. Understands buyer’s needs2. Provides relevant solution3. Maintains correspondence - opens up new avenues for additional manufacturing opportunities.
![Page 38: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/38.jpg)
The Circular Approach:
Blurs the Line between manufacturing & services
and…
builds a long-term client
![Page 39: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/39.jpg)
(Customers are) demanding more variety and look to manufacturers for services
After-sales support has allowed many companies to appeal to consumer needs and build a comparative advantage over existing players.
- McKinsey Consulting
![Page 40: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/40.jpg)
Manufacturers need to:
Clearly articulate their commitment to providing a quality after-service
![Page 41: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/41.jpg)
Against the Benchmark: Circular ApproachAfter-Sales service? YOUR SITE Dassault Systemes
![Page 42: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/42.jpg)
Against the Benchmark: Market-perform
YOUR SITE• Information on after-sales
services is available
Dassault Systemes• Presence of after-sales
information is clearly demonstrated and advertised
Get inspired, visit:www.3ds.com
![Page 43: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/43.jpg)
RecommendationGo above and beyond the industry standard and mention your after-sales commitment at the forefront of your website.
Your prospects are looking for it.
![Page 44: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/44.jpg)
#4Is your Website a Talent Magnet?
![Page 45: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/45.jpg)
Attracting the Right Talent is not easy
“three of the top five hardest filled jobs in 2011 – technicians, skilled trades, workers, and engineers – are all directly relevant to manufacturing”
Recent survey of 2000 North American companies discovered that 43% of manufacturing companies, had job positions open for more than 6 months that
they could not fill
McKinsey Reports
![Page 46: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/46.jpg)
Attracting Talent is Key to Long term SuccessThe CandE awards benchmarks company candidate experience with the industry.
Stock performance of last years winners:
Company Annual Performance
Intel +26%Capital One +30%Intuit +31%
![Page 47: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/47.jpg)
These companies are attracting – and keeping – top talent, so it stands to reason that their success will not
be short-lived.
![Page 48: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/48.jpg)
Candidates want your website to demonstrate
• innovation
• well-managed
• fairness to employees
• and a fantastic place to grow…
![Page 49: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/49.jpg)
You’ve lost a good candidate if..
1. It takes 50 mouse clicks to find job posting and apply for it.
2. Your site has dated design or language
3. The site has huge blocks of texts, and lack of images
![Page 50: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/50.jpg)
Remember..
The best candidates have many options, if you make it difficult to apply, they won’t even bother..
![Page 51: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/51.jpg)
Against the Benchmark: Talent Magnetare you attracting or repelling? YOUR SITE Intel Careers
![Page 52: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/52.jpg)
Against the Benchmark: Underperform
YOUR SITE• Old design fails to demonstrate a
commitment towards innovation• Blocks of text make for non
optimal candidate experience• Content misses the chance to
appeal to candidate’s needs
Intel Careers• Modern Layout appeals to the
best talent to see what’s “inside intel” • Focus is on the candidate’s
opportunities for self growth
Get inspired, visit:http://jobs.intel.com
![Page 53: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/53.jpg)
RecommendationRevamp your website design, content and structure so that it appeals to your candidate’s aspirations.
Don’t wait until your talent slams the door.
![Page 54: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/54.jpg)
Recap
• Today’s manufacturers are being called up upon to provide a more complete experience to their buyers, end-users as well as talent.
• Failure to do so can have deep negative impacts in the long run.
• Firms that innovate on the front-end can enjoy great benefits, from having access to a higher quality of talent, smoothing cyclicality in sales due to after-sales service and complementing all existing business development efforts.
![Page 55: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/55.jpg)
Next Steps?
For many manufacturers, meeting these 4 critical success
factors presents a talent challenge – finding both the technical
staff and strategic managers.
There’s a gap..
![Page 56: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/56.jpg)
We Fill this Gap
Our team of MBA’s and Research Specialists specializes in
manufacturing an online presence that will be most ideal to
your situation.
We align your company strategy with digital solutions, and
then assist on implementation.
![Page 57: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/57.jpg)
So Lets Fix This
1. Website’s Sales Function – Under Perform2. Transparency & Pricing – Under Perform3. After-Sales Service – Market Perform4. Talent Magnet – Under Perform
![Page 58: Creation tech analysis](https://reader036.fdocuments.net/reader036/viewer/2022081602/5566979ad8b42a78708b4f49/html5/thumbnails/58.jpg)
Get in touch with us today
Email: [email protected] Your Consultation: Contact FormCall us: 604.259.1103
Read More Insights by our Team: How a traditional businesses can use Internet to their presence
Why some startups fail while others kill it – Harvard Findings