Podcast
Questions and Answers
What is a primary responsibility of a Chief Product Officer (CPO)?
What is a primary responsibility of a Chief Product Officer (CPO)?
- Overseeing human resources.
- Product vision and roadmap. (correct)
- Managing the company's finances.
- Handling legal affairs.
For a high tech vendor, what is a focus area for a Chief Product Officer (CPO)?
For a high tech vendor, what is a focus area for a Chief Product Officer (CPO)?
- Employee wellness programs.
- Facilities management.
- Product differentiation. (correct)
- Competitor analysis.
To continue rapid growth, what must high tech CPOs do?
To continue rapid growth, what must high tech CPOs do?
- Downsize the workforce.
- Reduce marketing spend.
- Identify new product opportunities. (correct)
- Outsource all product development.
Besides President and Founder, which of the following is a similar title to CPO?
Besides President and Founder, which of the following is a similar title to CPO?
The continued growth of a high tech company is often contingent on what?
The continued growth of a high tech company is often contingent on what?
What is one of the three priorities related to profitability for high tech companies?
What is one of the three priorities related to profitability for high tech companies?
What do CEOs need to create to allow for recruitment over higher-paying alternatives?
What do CEOs need to create to allow for recruitment over higher-paying alternatives?
Who is the Chief Product Officer (CPO) responsible to?
Who is the Chief Product Officer (CPO) responsible to?
Which role is responsible for product/service roadmap innovation?
Which role is responsible for product/service roadmap innovation?
What is a key priority for high-tech company CEOs to grow rapidly?
What is a key priority for high-tech company CEOs to grow rapidly?
What is an essential function for CEOs to ensure continued product innovation?
What is an essential function for CEOs to ensure continued product innovation?
What is a success metric for CEOs related to serving clients?
What is a success metric for CEOs related to serving clients?
What does expanding beyond current markets involve?
What does expanding beyond current markets involve?
Which resource can CEOs use to make sound market entry decisions?
Which resource can CEOs use to make sound market entry decisions?
What should leaders balance when building solutions?
What should leaders balance when building solutions?
What primary function does StreamTeam provide?
What primary function does StreamTeam provide?
Which social media platforms can StreamTeam directly stream to?
Which social media platforms can StreamTeam directly stream to?
What is a key element to manage in order to continue rapid growth?
What is a key element to manage in order to continue rapid growth?
What customization options are available for live streams on StreamTeam?
What customization options are available for live streams on StreamTeam?
What feature allows hosts to share content during a live stream?
What feature allows hosts to share content during a live stream?
Who is the CEO and co-founder of StreamTeam?
Who is the CEO and co-founder of StreamTeam?
What is one of StreamTeam's capabilities regarding recorded content?
What is one of StreamTeam's capabilities regarding recorded content?
What type of files can users download after recording a live stream with StreamTeam?
What type of files can users download after recording a live stream with StreamTeam?
What recognition did StreamTeam receive in 2022?
What recognition did StreamTeam receive in 2022?
What is the estimated low-side business value of an effective strategy?
What is the estimated low-side business value of an effective strategy?
What is the potential personal value you and Cid could gain from growing the company?
What is the potential personal value you and Cid could gain from growing the company?
What range is estimated for the amount of capital to invest in developing and launching a new app?
What range is estimated for the amount of capital to invest in developing and launching a new app?
Which company recently established a $50 million corporate VC fund with ThreatQuest?
Which company recently established a $50 million corporate VC fund with ThreatQuest?
What type of company is ThreatQuest?
What type of company is ThreatQuest?
Where did you initially read about Pegasus Tech Ventures?
Where did you initially read about Pegasus Tech Ventures?
How did Terri respond to your follow-up email after the initial cold call?
How did Terri respond to your follow-up email after the initial cold call?
What is the primary goal for increasing revenue in the next 12 months?
What is the primary goal for increasing revenue in the next 12 months?
Which market is being considered for initial expansion?
Which market is being considered for initial expansion?
What type of growth is targeted to achieve the revenue increase?
What type of growth is targeted to achieve the revenue increase?
What is a key challenge in expanding into the private sector?
What is a key challenge in expanding into the private sector?
What is the estimated cost for new product development?
What is the estimated cost for new product development?
What is the ultimate goal for revenue to secure Series C Funding?
What is the ultimate goal for revenue to secure Series C Funding?
What is the estimated timeframe for identifying the needs of the private sector?
What is the estimated timeframe for identifying the needs of the private sector?
What is a reported problem related to product development?
What is a reported problem related to product development?
What is the estimated consulting fee for Josh Fechter's product development project?
What is the estimated consulting fee for Josh Fechter's product development project?
Who is recommending Josh Fechter?
Who is recommending Josh Fechter?
What is a potential personal value for the C-Suite executive for achieving benchmarks?
What is a potential personal value for the C-Suite executive for achieving benchmarks?
How long is the new product development timeline?
How long is the new product development timeline?
What type of conference is scheduled to take place in NY?
What type of conference is scheduled to take place in NY?
What is the expansion and launch timeline?
What is the expansion and launch timeline?
Meeting benchmarks associated with goals and initiatives would MOST likely benefit who?
Meeting benchmarks associated with goals and initiatives would MOST likely benefit who?
What is one of the solution options to deal with launch risk?
What is one of the solution options to deal with launch risk?
Flashcards
Chief Executive Officer (CEO)
Chief Executive Officer (CEO)
Oversees company vision and product/service roadmaps.
Board of Directors
Board of Directors
A group elected by shareholders to oversee the company.
Chief Marketing Officer (CMO)
Chief Marketing Officer (CMO)
Leads marketing efforts to promote products/services.
Chief Product Officer (CPO)
Chief Product Officer (CPO)
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Market Expansion
Market Expansion
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Market Identification
Market Identification
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Product Innovation
Product Innovation
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Balancing Client Needs
Balancing Client Needs
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Profitability
Profitability
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Product completion
Product completion
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Hire Top Talent
Hire Top Talent
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Grow Internal Team
Grow Internal Team
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Product Roadmap
Product Roadmap
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Identify new product opportunities
Identify new product opportunities
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Expand Beyond Current Products to Grow
Expand Beyond Current Products to Grow
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What is StreamTeam?
What is StreamTeam?
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StreamTeam's Key Features
StreamTeam's Key Features
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StreamTeam Streaming Platforms
StreamTeam Streaming Platforms
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StreamTeam Content Options
StreamTeam Content Options
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StreamTeam Recording
StreamTeam Recording
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StreamTeam Personalization
StreamTeam Personalization
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StreamTeam CEO
StreamTeam CEO
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StreamTeam President
StreamTeam President
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Business Value
Business Value
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Personal Value
Personal Value
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Pegasus Tech Ventures
Pegasus Tech Ventures
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ThreatQuest
ThreatQuest
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Cold Call
Cold Call
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VM (Voicemail)
VM (Voicemail)
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LinkedIn Connection
LinkedIn Connection
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Marketing Lead
Marketing Lead
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Corporate Objective (Short Term)
Corporate Objective (Short Term)
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Corporate Objective (Long Term)
Corporate Objective (Long Term)
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Private Market Knowledge Gap
Private Market Knowledge Gap
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BI / MCP Initiative #1
BI / MCP Initiative #1
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BI / MCP Initiative #2
BI / MCP Initiative #2
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Talent Acquisition Challenge
Talent Acquisition Challenge
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Private Sector Expansion
Private Sector Expansion
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Market Expansion Strategy
Market Expansion Strategy
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C-Suite Executive Dilemma
C-Suite Executive Dilemma
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Series C Funding
Series C Funding
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Product Consultants
Product Consultants
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Analyst Inquiry Tool
Analyst Inquiry Tool
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Industry Conference
Industry Conference
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Executive Bonus
Executive Bonus
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Researching Product
Researching Product
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Study Notes
- Gartner provides resources for role-playing for high tech leaders at universities.
- The resources include product overviews, buyer profiles, practice role plays with buyer/seller information, and additional training material.
Gartner for High Tech Providers – Product Overview
- Actionable, objective insights help to move businesses forward with a clear understanding of growth opportunities and enables the execution rich insights to execute go-to-market plans.
- Access to Gartner research spans customer, competitor, market, and technology, available via the MyGartner web portal.
- Data-driven tools exist to assess organizational progress measured against key benchmarks and internal KPIs.
- A team of 2,150+ research and advisory experts can assist in advancing mission-critical priorities with industry insights and guidance.
- Questions can be asked about research and important documents such as board presentations and proposals can be reviewed.
- Business challenges can be diagnosed.
- Gartner Conferences allows you to connect with peers, collaborate to solidify strategy, and enable smarter decisions.
- Personalized advice is made available at those events, tailored to specific priorities and initiatives.
- Virtual and in-person conferences are ways to become immersed in strategy to develop successful execution.
Contract Structure and Pricing
- Gartner offers different license levels with varying features: Leader License and Direct Report License.
- Leader License includes Gartner Research, Analyst Inquiry, and one Conference Ticket.
- Full package Leader License costs: $50K in Year 1, $52K in Year 2, $54K in Year 3.
- Direct Report License only available if Leader License is purchased.
- Full package Direct Report License costs: $25K in Year 1, $27K in Year 2, $29K in Year 3.
Buyer Profiles Overview
- Outlines priorities and key concerns within key personas at tech companies.
- Includes objectives for: Chief Executive Officer, Chief Product Officer, and Chief Marketing Officer.
Chief Executive Officer (CEO)
- CEOs formulate foundational strategies for their organizations and ensure strategies are executed from product through marketing.
- Roles important to their success: Board of Directors, CMO, and CPO.
- Top priorities are identifying new addressable markets, managing product portfolio innovation/evolution, and supporting internal team growth.
- Continued expansion into new vertical or geographic markets is needed to continue rapid growth,.
- Support is required in building solutions suitable for both current and future clientele.
- Talent must be identificed and hired to support all stages of the life cycle.
- Primary resposniblities focus on company and porduct visition, product / service roadmapin inovatsion, and management of talent resource acquisition
- Key metrics on success include looking ar revenue growth rate, client-base growth and rentention, marketing share increase, profitability, and product completion.
- Similar job titles: President, Founder, Managing Director, Chairman.
Chief Product Officer (CPO)
- CPOs make strategic product decisions, establish product strategy, and oversee launches, focusing on product differentiation
- Roles important to their success: CEO, CMO, and Chief Information Officer (CIO).
- Expanding beyond current products help high tech CPO's to identify new product opportunities to scale and enable continued customer growth.
- Innovation is an important element that CPO's focus energy on to solve current and future client problems.
- Research an development are an important element to conduct extensive product research to ensure that all needs are being addressed.
- Primary responsibilities include the product vision and roadmap, product service innovation, competitive inteligence and product differentiation
- Key metrics on success include revenue growth rates, client-base growth and rentention, marketing share increase, profitability, and product completion.
- Similar job titles: VP of product, Director of product strategy
Chief Marketing Officer (CMO)
- CMO's drive revenue and profits by increasing the customer base, engagement, retention, go-to-market strategy, and communications.
- Roles important to their success: CEO, CPO, and Chief Sales Officer (CSO).
- Top priorities are identifying and acquiring new customers, execution of an effective go-to-market strategy, and implementing comprehensive market expansion strategy.
- Expansion is best achieved through identifying and acquiring new customers.
- Awareness and demand requires building a need to server both existing and future clientele.
- Expansion beyond current market should focus on scalability of vertical markets to understand the customer's needs.
- Marketing and Sales vision, Brand awareness and demand generation
- Key metrics on success include Revenue growth rates, client-base growth and retention, marketing share increase, profitability, and product completion.
- Primary responsibilities include messaging and postionision, positioning to expand the market expansion and scalability.
- Similar job titles: VP of Marketing, Director of Marketing, Marketing Director.
Gartner Sales Roleplay Situations
- Three role play situations
- A sales person is connecting based on a tech startup mentioned in an article
- A sales person is contacting a CEO, and CFO, and CPO for a 20 minute meeting
- A sales person is contacted after an asset was downloaded and is speaking to a CPO
NCSC Role Play Rubric
Approach
- Start with a professional introduction, make eye contact through the camera, and use professional demeanor.
- Prospects attention should be built through building rapport and effectively transition into their needs.
Need Identification
- Uncover the decision process, relevant product facts, goals, and current problems.
- Aquire the reason why problems continue.
Overcoming Objections
- Initially develop a comprehension of objections.
- Ensure to answer and acknowledge those objeectives.
Closing
- Present a persuasive reason to generate a buy in.
- Ask for business or give commitment from the buyer.
Communication Skills
- Apply communication skills to listen, restate, clarify to achieve understand.
- Ensure that non-verbal is appropriate.
Presenting Solutions
- State the benefits based on needs to the buyer.
- Create a convincing presentation to display a strategy to communicate and persuade.
- Engage with the client by encouraging them to contribute to conversations to help the strategy move along.
Additional Training Materials
- Gartner offers training resources through their website.
- Research sample is available to help tailor approach based on specific requirements
- Recruiters and experts at Gartner are made available to highlight best practices to further support the partnership.
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