RVM** — Relationship Value Management
Frederick P Mikkelsen, Architect
Successful business development requires understanding the landscape of opportunity and competition of your corporate accounts. RVM** provides the Account Management Map to explore corporate relationships to help you plan complex sales campaigns and partnerships.
Questions often difficult to answer without RVM**:
- Do my prospects have a technical preference? (AS/400? Microsoft Shop? Open Source?) –Using RVM, corporate entities existing relationships to technology vendors can be discovered. This can help to quickly determine if the company is in your technology camp.
- Are my competitors already present? Are they entrenched? – Since RVM** tracks relationships between thousands of companies, you can quickly learn the competitive landscape which may have been established years earlier.
- From an ISV/OEM customer … “how often do you see us at your customers?” – with RVM, locate common customers and bring them to your side before the meeting.
Relationships
Vendor, Owner, Partner, Subsidiary, Lender, and Investor describe a few corporate relationships. Understanding mutual relationships provides information about how a company makes a decision, which in turn provides greater insight into business opportunities and financial exposure.
RVM Viewer** Relationship Graph Committee memberships and standards-bodies participation reveal relationships poised for ROI. Relationships of competition and synergy reflect financial actions by exploring the actions taken to differentiate and distance themselves, and though Companies A and B compete, companies C and D may be beneficial partners of both.
Queries
Mapping corporate relationships provides an overview of decision tendencies and assessment of risk. If one area of the map engages in a large project, the corporations closest on the map are likely to experience positively. If your market penetration is greater an area of the map, then leveraging sales to corporations near those entities may be more feasible.
Relationships are modeled by strength (influence) and probability. This allows a spring model to position companies based on hard facts, what-if analysis, indications, and even rumors (if that's all that's available). You can select which corporations and relationships to analyze, and you can drill into any relationship link to explore the relevant information, and then assert or discard that influence on the graph. RVM allows you to build your knowledge of relationships over the publicly available sources of information. This may be supplemented by proprietary information you’ve uncovered through research or your internal customer database.
Integration with CRM
CRM systems are excellent for tracking status information and reports, and RVM integrates with your current CRM system to managing contact information, sales pipeline forecasts, regions.
RVM differentiates from all professional and social networking because it discovers relationships that exist between companies based on documented evidence, reports, commission payouts and so on, BUT not user-provided profiles that are more likely theoretical … CRM has limited computational accessibility to how companies operate and come to make decisions. RVM provides insight and understanding.
You need to know how patterns of business decision activity to achieve competitive advantage. Find a most-compelling combination of corporate decisions and choices, and approach prospects knowing more about the viability of the relationship, not just your products.
RVM Product Suite
RVM Service Engine** – the managed service to explore and maintain relationship maps.
- Public resource crawling – by looking at job postings, press releases, membership lists, and news sources, identify companies that are related.
- Heuristics flow engine extracts relationships automatically weighted by reliability and estimated strength.
- Analyst team refines queries and interpretation and provides professional services to maximize your relationship queries.
Month-on-month comparisons – explores how relationships are evolving
RVM Viewer** – provides querying, linking, and graphical viewing
- Select companies and relationships to explore
- Create ad-hoc relationship groupings for what-if analysis
RVM Sightings** – portal plug-in for field workers to easily mark discovered relationships
- Drag-and-Drop capability to pull any text into parser for analysis of relationships.
RVM Snapshot** – A browser plug-in for the fastest ad-hoc notation of discovered relationships within nearly any website.
- Allows a user to identify pages with a wealth of relationship information
- Provides time-date-URL markings for future analysis.
RVM Adapters** – Application adapters for applications such as CRM, database, and proposal systems to capture relationships.
Security
Using a modified form of the CIM relationship model, the relationships, citations, and corporate information are all maintained independently. This further allows you to combine your proprietary information with public information securely.
Into the Future
Let RVM help you understand your customers over their business cycles. Don’t let your vision be blocked to the period of your pipeline and sales cycle. Automated month-over-month analysis tracks the activities of business partners before your contract renewal negotiations to see if clients are moving away from you. When new companies emerge onto the scene, proactively be notified if they make relationship decisions like a qualified customer.
Revision History
- June 30, 2009 -- entered post to FlowThroughReasoning