The Risks of A Wrong Purchase Decision, According to B2B Buyers

February 25, 2015

This article is included in these additional categories:

B2B

SAP-B2B-Buyers-Biggest-Purchase-Decision-Risks-Feb2015Source: SAP [download page]

    Notes: More than three-quarters of business buyers are concerned with wasting company money, and this counts as easily their single biggest risk among 5 identified in a recent SAP study. Of note, B2B buyers are more concerned with losing credibility internally than wasting their time. That result emphasizes the emotional nature of B2B buying, which has been found in previous studies. For example, a Google study released in 2013 discovered that perceived personal value has twice the impact of perceived business value for buyers across a range of business outcomes, while a study released last year by gyro and FORTUNE found a majority of business decision-makers saying that positive feelings such as ambition, hope, and desire for admiration are the most motivating to decisions in all business contexts.

      Related: B2B Buyers’ Biggest Frustrations With Vendors

        About the Data: The SAP survey was fielded by Loudhouse during late 2014 among 1,220 business buyers from 10 countries with responsibility for buying products and services for their organizations. Some 87% of respondents come from companies with at least 500 million pounds in annual revenues.

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