Consumer businesses are constantly being challenged to deliver top and bottom line performance irrespective of the market conditions; inflationary pressures, a tough economic outlook or evolving and rising customer expectations. The Commercial function provides the fuel for delivering these ambitions so it needs to stay razor focussed on driving enterprise growth.
Despite this clear and critical role all too often, Commercial is distracted by time consuming and disparate transactional activities; this is a massive missed opportunity. Like many other functions in the past (Finance, HR, IT), we believe Commercial needs to reorganise and refocus the way it works by partnering with Global Business Services (GBS) to deliver non-core activities and enable its primary value proposition.
Additionally, Commercial teams need to focus their time on growth through integrated Customer and Consumer Experience. Organisations that achieve this demonstrate 6 key priorities: