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The
degree of Information Sharing is directly related to the value both
parties expect from the relationship. The value of information is the
unknown in most relationships, since the value of the relationship
to both parties is unknown. As such, we use an Ideal
Customer Profile to guide our clients to decisions regarding the the
attractiveness of a particular set of clients, and the potential value
of having long term, mutually rewarding strategic relationships. At
the outset, we conduct an At Risk Assessment to determine
what the strategic and economic impact would be if the research sponsor
or customer was lost to the institution. Based on this analysis, we
prepare customer profiles and assess the attractiveness of the overall
value proposition (i.e. meeting the needs of the research sponsor,contributing
positively to the overall quality of our relationship, etc.). We
compare and contrast the existing relationship situation against a set
of seven Relationship Essentials and Laws of Expectation Management
to arrive at a Relationship Strategy & Plan. This provides the basis
to manage critical client relationships and secure long term funding.
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