The document discusses how MetricStream became a thought leader in the Governance, Risk and Compliance (GRC) space through content and community. It outlines a 5 point plan they implemented: 1) look larger than the company's actual size, 2) value domain knowledge over functional knowledge, 3) seek knowledge assets outside the company, 4) become a value provider in the larger ecosystem, and 5) never stop innovating. A key part of their strategy was creating the ComplianceOnline ecosystem and portal, which became the largest on compliance and helped establish them as a market leader in the GRC field.
7. Creating Thought Leadership through Content and Community
MetricStream Inc. Case Study
Gaurav Kapoor, CFO & GM Metricstream Inc.
Apr 24, 2009
8. Year 2005 – One of Too Many
Compliance and Quality
Software company
Solutions for Quality and Compliance
Business model
Enterprise Software
Market Presence
Mid Size Leaders in the market - Sox, HIPAA, FDA providers
200 vendors jostling for space
Analysts unaware of company
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9. Year 2008 – Market Leader
Governance, Risk and Compliance Specialists
Patented ComplianceOnline.com portal
Regulatory and Risk Management Platform
Industry-leading
Manage governance, risk and compliance issues across the enterprise
Business model
Enterprise Software
Ondemand
E Learning Transactions
Market Leadership
Forrester Wave 2008 ‘Leader’,
Gartner Magic Quadrant Leader 2008 and Cool Vendor 2008
Red Herring 100, Deloitte Fast 50
Corporate Information
80% annual growth and profitable
Backed by Kleiner Perkins (Amazon,Google, Genentech, Sun, Cisco..)
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14. 5 Point Plan to Thought Leadership
1. Look LARGER than you are
2. Value Domain Knowledge more than Functional Knowledge
3. Seek knowledge assets outside the company – not just within
4. Become a value provider in the larger ecosystem
5. Never stop innovating
15. 1. Look Larger than you are
Website Content
Scale, Scale, Scale (quality and quantity)
Executives part of Global/National/State Forums
Chairman part of Global Energy Consortium
CEO leading delegation to Senate around Healthcare, Education
CFO works closely with NASDAQ/PCAOB/CROs of global organizations
Engage with the Prospect as a peer – not as a ‘vendor’
17. 2. Value Domain Knowledge More than Functional
Knowledge
Hiring ‘Domain experts’ in Sales/Marketing/Services/Support
VP Sales – ex COO in a $10Bn company
GM – ex Citigroup Executive
Stay Ahead of the market
Created a Map of all Risk and Compliance roles
Behave like you were your prospect’s trusted advisor
Research, Study, have stories
18.
19. 3. Seek Knowledge Assets Outside the Company
Participate
Make the community your friend
Facilitate
Create your own community
Monetize or Motivate
Incentivize the community
20. ComplianceOnline Ecosystem
Applications Lightweight
Apps for
SMEs and
Community individuals
Best Practices, Training
Checklists
Standards
Premium
Content Discussion,
Forums by
Role&
Content Industry
And Search
Regulations,
Discussions,
Blogs
Experts Train
News, Feeds
Professionals
1000 Topics
24. 4. Become a Value Provider in the Larger Ecosystem
Extend your value chain beyond your product offering
Follow a lifecycle approach with the prospect
Find ways to monetize while being patient
25. Life Cycle of a GRC Buyer
Enterprise Wide
Governance Risk and
Compliance
Siloed point solutions
ComplianceOnline.com
to manage functional
Or departmental
$750-$3M
GRC
Lightweight
Applications to
Manage GRC $100-$250K
processes
Training &
Certification
$ 10,000 per year
Awareness &
$ 250 - $ 1,000 per txn
Education about GRC Primary Business
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26. 5. Never Stop Innovating
Innovate for your customers
Leaders want to work with leaders
Innovate in products/business model/distribution
Analysts can see it
Partners can see it
Customers can see it
28. 5 Point Plan to Thought Leadership
1. Look LARGER than you are
2. Value Domain Knowledge more than Functional Knowledge
3. Seek knowledge assets outside the company – not just within
4. Become a value provider in the larger ecosystem
5. Never stop innovating