en-us Sales Training | Sales Methodology & Sales Training Workshops | Improve Sales Performance http://www.customercentric.com/ Sales Training: How Much Risk Is in Your Forecast http://www.customercentric.com/blogpost-71689/Sales-Training---Forecast-Risk.html Sales Training Article: How much risk is in your forecast?

By Jim Naro, CustomerCentric Selling® Business Partner 

Forecasts are supposed to be built from pipeline opportunities that have a high probability of closing within a specific timeframe, which is often 90 days. To create a forecast, sales people typically look at their pipelines, attribute a revenue number to the deals they think might close, and then roll those numbers up. With sales force automation tools, sales people can even just check off a box and directly feed those deals into the forecast. While helpful, this simple activity makes it easy to inflate the numbers, especially if the sales people are strongly influenced by pressure from above to achieve revenue goals.

Regardless of how sales people build their forecasts, if opportunities are moved into the forecast prematurely just to meet revenue expectations, a certain amount of risk is automatically introduced. It's the job of sales management to access the risks and discern the degree of risk before they create their own forecast. Here are some clues to help determine forecast risk.

1. Are the sales people having conversations with the right people?

By the time an opportunity gets into the forecast, a sales person needs to have established several contacts within the prospect organization. These contacts help to, a) confirm that the sales person's solution is a good match for the needs of the prospect, and b) identify who the decision makers are, including those involved in getting the solution sold, funded and implemented.

If there is an opportunity in the forecast and those contacts have not yet been established, then there is a possibility that this is not really a 90-day revenue opportunity. Sales management needs to understand what inroads have been made and what the quality of the conversations were to determine the degree of risk.

2. Has the buying process been clarified?

The clue here is whether or not the sales person understands the buying process of the prospect. For instance, if an opportunity is in the forecast, a sales person should know whether purchasing, other vendors, or third-party consultants will be involved. Additionally, the sales person should have already sufficiently proved that his or her solution does what the buyer needs it to do. Implementation planning should already have been discussed and documented as well.

Also, there should be no show-stoppers regarding legal terms and conditions, especially liability or indemnification clauses.

Once again, if any of this is not in place, sales management needs to assess the validity - and associated risks - of the opportunity and the potential of it extending beyond the forecast window.

3. Might the deal be lost to inertia?

Unfortunately, great sales cycles can end with a buyer deciding to do nothing. In fact, research shows the largest single competitor, and therefore the largest risk in forecasting, is no decision at all.

Therefore, unless buyers understand that it's more painful to bypass a buy decision than it is to make the purchase, then there is a no-decision risk.

It's key to find out if the sales person has effectively facilitated a cost/benefit analysis for ROI calculations that internal champions can use in securing funding. A lot of building value like this falls short because sales people are not effective in facilitating this type of analysis.

So if this isn't already in place, consider opportunities at this level full of risk. sales training company

The risk associated with each of the above three scenarios can be eliminated by building steps, processes and training into the sales cycle. When it gets right down to it, unless sales people know that only opportunities that have met the criteria and qualifications mentioned above can be put into the forecast, there will be risk. So it's up to sales management to decide if they want to play a game with high risks - or minimize and even avoid risk with a few process modifications and a bit of coaching and selling skills development.

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Customer Centric Selling Fri, 3 Feb 2012 12:00:00 PST
Sales Training: Business Development http://www.customercentric.com/blogpost-71688/Sales-Training---Business-Development.html Sales Training Article: Business Development

By John Holland, Chief Content Officer, CustomerCentric Selling® 

CustomerCentric Selling® (CCS™) has launched a one-day Workshop for customers and prospects that focuses on business development as a process. Defined steps in prospecting efforts are important because an American Marketing Association (AMA) survey found that on average it takes sellers more than seven attempts to initiate contact with executives. In light of this statistic it is sobering to realize the AMA also found that a small percentage of salespeople make more than three attempts to contact Key Players. With successes being few and far between, it isn't difficult to realize why general territory sellers feel prospecting is the hardest part of their job.

Business development skills are critical to empowering salespeople to build adequate pipelines and in doing so, have the ability to disqualify opportunities that are unlikely to result in buyers making purchasing decisions. My belief is that in painting with a broad brush, the vast majority of sales (or buying) cycles begin in one of two ways for companies that implement CCS™:

--Salespeople proactively engage Key Players and take them from latent to active need around a business outcome. Consistent with our core concepts, it doesn't make sense to call at low levels for unbudgeted initiatives and sharing business goals or admitting problems start buying cycles.

--Mid to lower level buyers leverage the Internet and social networking to do significant research about a given offering and are well along in the process (Sirius Decisions indicates buyers are 70% through buying cycles) before they contact salespeople. As you can imagine, by this time buyers believe they know their requirements and will not be receptive to premature seller attempts to change them.

As indicated in Rethinking the Sales Cycle there are an increasing number of evaluations that begin below Key Player levels. Despite all of this activity, one statistic that seems to remain a sore spot for vendors is "no decision." This occurs when buyers get multiple vendors involved, have them generate proposals but ultimately decide not to buy, or to develop a solution in-house. Why does this happen?

I believe non-executive buyers behave in a similar fashion to struggling salespeople. They are too product focused and fail to consider the potential value (business results) that can be achieved to offset the cost of the offering being evaluated and have trouble articulating what it is they want to buy. Because they cannot create budget for new initiatives fairly late in their evaluations they approach a Key Player leading with product and asking for money to buy it. Unless the Key Player somehow "gets it" they are told there is no money to fund the initiative, so it should be tabled. Even for internal customer evaluations, the first core concept of CCS™ should apply: No goal, no prospect. sales training workshop

CustomerCentric Selling® provides ways for sellers and managers to understand the difference between activity and progress. It appears mid to low level buyers are spending a great deal of time (activity) in evaluating vendor offerings on their own, but internal selling is a difficult job and many of these evaluations result in no decision.

Salespeople, whether being brought in late into evaluations or initiating them at Key Player levels, do potential buyers, their companies and themselves a service by uncovering desired business outcomes from Key Players as soon as possible. Gaining buy-in from Key Players and access to the people that will be involved in buying decisions qualified opportunities and means the result of activities is progress through buying cycles. Taking these steps minimizes the chances that the final decision will be no decision.

Learn more about our one-day Prospecting & Business Development™ Workshop!

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Customer Centric Selling Wed, 1 Feb 2012 12:00:00 PST
Sales Training: Listen to Your Team http://www.customercentric.com/blogpost-71299/Sales-Training---Listen-To-Your-Team.html Sales Training Article: Hey Sales Leader! Improve Sales Strategy by Listening to Your Team

By Tony Albachiara, Sales Benchmark Index (SBI)

Definition of:

Listening (Verb)

1) Give one's attention to a sound

2) Take notice of and act on what someone says; respond to advice or a request

As a sales effectiveness consultant, I engage in lots of conversations across the entirety of a corporate organization. Getting the opportunity to speak with "C" Level Executives all the way to the front line Account Executives provides an incredible view. What's interesting is the amazing difference in priorities and agendas across the organization. What's troubling is the feelings that many top-tier (top 10% of a sales organization) Account Executives share.sales training

What they consistently tell me is you're NOT LISTENING!

Why is this a problem? Your Account Executives are the connection between your organization and your customers. If the Account Executives aren't aligned and you (The Sales Leader) aren't listening, how do you expect them to execute your sales strategy?

Ask yourself:

  • What formal processes do I have in place to listen to my sales organization?
  • What informal processes do I have in place to listen to my sales organization?
  • How am I letting the organization know I'm listening and that I want continuous feedback?
  • What am I doing with what I've been told?

How to Listen to Your Sales Team (Formally)

Many sales organizations have "Sales Councils," or a team of sales executives that meet on a frequent basis. Typically these groups function as the sounding board for the sales leader for insights and validation on sales related issues.

How often do you use this forum as a resource to improve your sales strategy?

How often do you ask someone from outside your sales organization to run this meeting so the participants can express their view in a "safe" environment? Remember, all the participants know who makes the decisions on promotions, territories, and careers.

You can really open up this forum, and increase your constructive feedback by getting a "third-party facilitator" to run your next Sales Council meeting. Allow your team to speak openly, and see what happens. You may be surprised with what your sales team thinks about your lead generation efforts, sales compensation, sales process, CRM, etc. You don't want to lose out on new customers and revenue due to a lack of attention to your sales team.

Here's a real-life example that may open your eyes: We just conducted an "Expert Panel" at an organization where the participants responded by saying, "We hate the CRM, but our sales leader said, 'Use it, or get fired!'…so, we log in twice a week so when the report is run, we're not on the radar." Is this (or something comparable) happening in your sales organization? Is your sales strategy suffering because of it? Had you asked and been listening, you'd have realized there was a behavior problem that needed adjusting long before it became a major concern.

How to Listen to Your Sales Team (Informally)

Informal conversations and observations also have the power to produce very meaningful insights. As noted in the book "Promoted to VP of Sales: The Year 1 Toolkit", research shows that the front line is ignored. Don't let that happen! Make it a priority to spend time in the field with your Account Executives, and while you're there, ask them questions that can improve sales strategy such as:

  • What should we change about our go to market strategy?
  • How is the sales compensation plan?
  • What is not working today that needs to be fixed?
  • What obstacles are preventing sales from success?

Improve Sales Strategy with Feedback

Great! Now you have 2 separate methods to garner feedback from your sales organization - formal and informal. This will undoubtedly supply you with a number of options for possible tweaking and/or improvement of your overall sales strategy.

Will all feedback from your sales team be beneficial? Probably not. Will some of it be straight out of left field? Probably. But that's ok!

As the Sales Leader, it is now your job to take this feedback and make the most of it. Pinpoint the feedback that can be most beneficial to your sales organization and implement it the right way. Your number is on the horizon. Make it!

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Customer Centric Selling Mon, 30 Jan 2012 12:00:00 PST
Sales Training: Sales Transformation http://www.customercentric.com/blogpost-71297/Sales-Training---Sales-Transformation.html Sales Training Article: Seven Steps to Sales Transformation

Published by Selling Power

There is a parallel between biology and business. Our biology is largely influenced by our DNA, our genetic makeup, which contains a set of instructions vital to our ability to function, adapt, and transform over time. Our business is influenced by two DNA-like sets; one is the DNA of the economy, and the other is the DNA that's expressed by our decisions. The quality of our decisions impacts our customers and ultimately shapes sales success. Below is a brief overview of the steps that can lead to ongoing sales transformation. No matter what chaos or challenges we are facing today, we can at any time choose to transform and move ahead of our competition. sales trainingHere are seven steps to consider:

Diagnose. Define the current level of sales effectiveness. Assess all internal resources (people, process, and technology) and measure how effectively they align with external opportunities. Determine the external and internal disconnects. Drill down into each area: Do we have the right people who can win in new and existing markets and create more customers? What changes are needed to optimize our sales process? What would the ideal technology road map look like that would continually increase operational efficiencies?

Get executive sponsorship. Get agreement that the sales organization is a key competitive differentiator. Articulate the new vision, create a realistic sales-transformation road map, and define what success looks like. Get the financial support needed to continue the journey as described in the road map. Collaborate with senior managers and develop a set of key performance indicators that will allow them to track progress.

Create a culture of measurement. Sales force transformation requires a culture change from making decisions based on hunches to making decisions based on science. While, in the past, selling depended on the skills of individual players, sales organizations today are synching resources and developing a collaborative approach to create customer value. A clear set of performance-measurement tools will not only help the synchronization process, but also contribute to a predictive organization in which pipeline potential and velocity are clearly visible, forecast accuracy will exceed 90 percent, and salespeople are routinely coached on bridging the gap between actual and required performance.

Eliminate departmental silos. To win in today's environment, sales must be aligned with marketing, service, finance, HR, and legal. Sales organizations need to seek alignment between sales ops, sales channels, and internal and external teams, but must also closely collaborate with all departments. When it comes to negotiations with clients, salespeople have greater chances of winning deals when all departments have a clear understanding of what represents customer value and what value a new customer means to the company. Once all departments are aligned and in synch, there will be little internal friction on how an order is handled, how discounts are approved, or how cross-cultural roadblocks are removed. As a result of this alignment, crisis management will be reduced, customer information will be easily accessible, and all stakeholders will clearly see how they can contribute to the creation of a new customer and the retention of existing customers.

Shift to strategic and operational competencies. While many companies believe that operational efficiencies come from supporting legacy systems, smart companies are redesigning their entire sales operation and creating a customer-focused enterprise, where all stakeholders listen, understand, and respond to the forever-shifting demands of the customer base. This transformation cannot succeed without embracing one version of the truth, which will help create a standardized process for producing and serving customers across the enterprise. This shift cannot be achieved without bringing more art and science into the sales operation.

Harness the collective intelligence of the sales organization. Sales transformation is not only the result of good leadership, but also a reflection of good stewardship of the information streams that all stakeholders create in the quest to win new business. As we move from a sales-pitch-based economy to a conversation economy in which the brands are a reflection of rich social-media information streams, salespeople need to become better storytellers and learn how to initiate and lead customer conversations that are focused on value. This also requires the mastery of social-media tools that are fully integrated with the sales process.

Select and deploy the best technology. Sales technology is critical to both growth and profitability. Sales organizations have stripped hundreds of millions of dollars of waste out of inefficient sales operations. Lead-management apps have improved demand generation, proposal-management tools have improved win rates, and compensation-management apps allow companies to incentivize the right sales behaviors that improve a company's bottom line. As a result of the transformation, salespeople should spend less time tickling keyboards and more time co-creating sales with customers. Savvy sales leaders achieve successful sales transformation by aligning the best people with the best processes and technologies.

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Customer Centric Selling Fri, 27 Jan 2012 12:00:00 PST
Sales Training: Sales Management - 3 Ways to Get Fired http://www.customercentric.com/blogpost-71295/Sales-Training---3-Ways-To-Get-Fired.html Sales Training Article: Sales Management - Three Sure Ways to Get Fired This Year

By Dan Perry, Sales Benchmark Index (SBI)

Sales Management Turnover in 2011 exceeded 28% across all sales organizations. 52% of VP of Sales are dissatisfied with their current Sales Management team responding that most are 'B' or 'C' players. Over 63% of Sales Managers are dissatisfied with their current jobs and are looking for new ones.

'Houston, we have a problem'
If you want to be one of the sales managers that get fired this year, there are 3 sure ways to accomplish that task. This list does not include missing your quota. That is a non-negotiable of your job. Why should a company even have a sales manager if you can't hit the number?

The list is a combination of actions you wouldn't do that will help make the quota. They are all centered on how you are spending your time.

Accomplishing these three things will have you updating your resume:

1. Inaccurate Forecasting. You consistently miss your forecast with only 75% accuracy. Your sales reps don't use the company sales process because you don't reinforce it on every deal. The sales reps don't place their opportunities in stages. They consistently provide you "a gut feel" about their monthly number. And you don't help strategize with them, instead yelling something like "just go out and make it rain" or "don't tell me how rough the water is, just bring the ship in."

2. Desk Jockey. You show up in the office (or your home office) every day "riding the pines". You haven't seen a customer for a month and focus your time and attention on pricing deals for your reps. You consistently are reading sales force effectiveness books because you don't really know what is happening with your customers. You use your expense account as a form of income because you aren't earning any bonus due to your poor team's performance. And you are always interviewing sales people with industry experience looking for the quick fix.

3. No new capability acquisition. (aka: playing it safe) Why rock the boat with a new idea? Why learn about the new way to cold call? Why try different ways to solve a customer's problem? You got the Sales Manager job because you were the best sales rep on the team. Building relationships is the best way to keep the business. So don't challenge the customer or jeopardize the account with some crazy idea that would solve the customer's problems. As long as your customer retention number is in the high 80% range, you can 'survive' until this poor economy turns around and you will be back on easy street.

Unfortunately, we see Sales Managers every day really 'nail' these three actions. We see them trying to do the least possible actions thinking the 'good' times will be back. Sales Management needs to improve. And they need to improve quickly.

I had a sales manager who displayed these three actions every week. When I interacted with her or her sales reps (more than 3 reps who distribute these actions on a team make a trend), I always caught her in the office. She consistently missed her forecast blaming her reps and she was late and left early when we rolled out a new training process. She was lousy at spending her time wisely.

She was fired. I fired her. And my sales from that team improved over 35% in 3 weeks.

Are you afraid of making a mistake? Are you frightened of changing your daily actions in fear of losing a rep or missing some short term revenue? Are you trying to hold on thinking the old ways of the past will keep you in the job?

If you are, update your resume. You are about to get fired.

Do you want some help? Start with the chart below. Do more of the things on the left side and reduce the actions on the right:

sales training 

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Customer Centric Selling Wed, 25 Jan 2012 12:00:00 PST
Sales Training: CEO Frustration with Executive Sales Talent http://www.customercentric.com/blogpost-70837/Sales-Training---Executive-Sales-Talent.html Sales Training Article: Why the CEO is frustrated with Executive Sales Talent

By Matt Sharrers, Sales Benchmark Index (SBI)

We spoke with over 200 CEO's in the fourth quarter as part of our 2012 sales force design study. When asked to state their expectations of executive sales talent, there were 6 keys for 2012. Regardless of industry, implement these 6 keys to reduce the frustration level of the guy in the corner office.sales training

New Products- The CEO's number 1 job is to make investment decisions. In doing so, he bets that the time and money spent on developing market leading products will generate a return. Equip the team to land a beach head account that can sing to the rest of your customers and prospects about the quality of the new product. Give the CEO a victory for the April board meeting.

Sales Strategy- The CEO has received approval on the 3 year plan from the board. He is looking for his VP of Sales to design a well thought out sales strategy that can deliver on this promise. Bring him a strategy that is tailored to the maturity level of the sales force.

Dashboards- There is data and then there is informative data. Why does it take you days to give him a report on the business? If you are world class, the CEO (and the entire executive staff for that matter) is viewing the dashboard in the CRM. Yes, i said in the CRM.

ROI- You have asked for budget to make improvements in the sales force or hire more staff. Show the CEO the leading indicators and have the courage to pull the plug on something that is failing. But whatever it is you spend money on, measure the ROI with early leading indicators vs. waiting for the lagging indicators.

Courage- Proactively make some tough Q1 decisions. Quit trying to run for office; you got elected. The CEO wants a sales leader who is respected by the sales force. When he travels in the field, he wants to hear a few people comment that his sales leader is tough minded and expects a little too much. This is music to his ears.

Evolution- Are you pushing the envelope on bleeding edge ideas? Or are you trying to recycle the same plan from the last 3 years with a different shade of lipstick? How many hours of self development did you have last year and what sales best practices did you bring to the team? The view only changes if you are the lead dog.

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Customer Centric Selling Mon, 23 Jan 2012 12:00:00 PST
Sales Training: Sales Process Grow Share of Wallet http://www.customercentric.com/blogpost-70834/Sales-Training---Share-Of-Wallet.html Sales Training Article: How Sales Process Can Grow Share of Wallet

By John Kenney, Sales Benchmark Index (SBI)

World-class sales organizations focus on two key metrics: Customer Acquisition Cost (CAC) and Customer Lifetime Value (CLV). Growing 'share of wallet' with existing customers is a positive force on both these key metrics because it leverages the investment made in acquiring the customer and it grows the lifetime value. Since share of wallet sits directly at the intersection of CAC and CLV, why do so many sales organizations struggle with it? In our experience, there are usually multiple root causes, but the chief one is the lack of a consistent sales process.

Research by the Corporate Executive Board on share of wallet noted that the "lack of a defined sales methodology encourages 'cowboy' selling and discourages multiple product areas and divisions from joining in a sale to capture full share of wallet from the relationship." Closing the sale to meet short-term goals, rather than solving customer business problems sacrifices the opportunity to increase lifetime revenue.

The majority of sales reps have narrow selling comfort zones, relying on a limited set of selling tools and their familiarity with a partial set of products and services to hit their quarterly quotas. They frequently fail to spot cross-selling opportunities that are more complex, but more valuable.

In the 1990's IBM recognized that some product lines were growing faster than others, even though they were sold to the same customers and provided equal value in terms of technology, service and support. The solution to IBM's dilemma was to enable the divisional sales organizations to follow a common methodology called "High Performance Selling." The approach was modeled after the customer's buying process and used a 'stage-gated' standardized, multi-step sales process. Sales people were armed with tools to identify and serve customer needs at each stage of the customer purchase cycle.sales training process 

Your sales organization can grow the share of your customers' wallets by leveraging 5 key principles of "High Performance Selling:"

  1. Build upon the best practices and selling behaviors of top performers
  2. Map the selling process to the customer buying process
  3. Establish a consistent sales methodology for all product lines and geographies
  4. Train all sales staff on the sales process & terminology; including managers
  5. Provide selling tools for each stage of the sale

By standardizing, everyone in the organization is trained on the common process and expected to follow it. Even customers expect it. A common language about the stages facilitates collaboration across divisions. The early phases of the sales process require sales people to engage customers in high level conversations apart from a specific sale. At each phase, the salesperson and the customer make a mutual choice to move forward which must be clear to the customer and verifiable by the salesperson. Verifiable outcomes are crucial to adherence to the process.

A word about tools. The methodology and tools are interdependent. The methodology gives purpose and context to the tools; the tools improve execution of the methodology. The tools or sales aids are specific to each stage of the sales process, based upon the approaches used by top performers. There are multiple tools at each stage. Sales reps choose the one that is most applicable for the given situation, or choose to use none. Use of tools, however, makes validation of 'verifiable outcomes' easier for the rep.

Key Take-Aways:

You have invested in acquiring customers and now you want to grow their lifetime value. Growing share of wallet is the solution. Build a sales process that encourages reps to work collaboratively to travel upstream with the customer from individual sales transactions to uncover deeper business issues that your entire solution set can address. I'm interested in hearing about your experiences with the challenges of growing share of wallet.

A standardized sales process makes it possible for the entire organization to 'plug in' to the sales process in a way that is seamless to the customer. You owe it to your own wallet. Contact us today to develop your team's standardized sales process for success. 

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Customer Centric Selling Fri, 20 Jan 2012 12:00:00 PST
Sales Training: Selling New Product with Legacy Salesforce http://www.customercentric.com/blogpost-70832/Sales-Training---Selling-New-Product.html Sales Training Article: Are You Struggling to Sell New Product with a Legacy Sales Force?

By John Staples, Sales Benchmark Index (SBI)

When it comes to launching new products, your Key Accounts are the pilot group. We talk about success being 50% talent and 50% the conditions you place that talent in; Sales Enablement defines the conditions for launching new products and services.

Questions:

  • Do you struggle hitting the new product first year targets?
  • Do you struggle with the sales team not embracing the new products?
  • Are you getting beat up for relying on the legacy product to make your number?

If you answered "yes" to all 3 questions, you're not alone. As soon as the product is thrown over the fence to you and your team, it's now your problem the company's not hitting the new product goals.

Sales conditions are constantly changing, the pace of change continues to accelerate, yet you continue to accept new product without properly enabling the sales team.

sales training company

Give your sales team a chance by ensuring the following groups do their jobs and that you're involved in the process (refer to the Sales Enablement chart to the right).

  • Product Management
  • Product Marketing
  • Product Development
  • Field Marketing

As a CSO, VP of Sales or Sales Manager; Sales Enablement is core to your responsibilities.

Part of your Key Account opt-in package includes access and co-development of new products and services. The launch of a new product shouldn't be a surprise to your key accounts; they should be pushing you to finalize the release based on the value of the solution they worked to help develop.

Key takeaways:

  • Leverage the Key Account Management team to pilot new products; that's why you're in their labs/test environments
  • Make sure you have a Sales Enablement program and that every product/service goes through every step
  • Don't confuse Sales Enablement with a Product Gate Process; only a small portion of the Sales Enablement program is found in a world class Product Gate process
  • Don't assume a tweak to the compensation plan is the answer
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Customer Centric Selling Wed, 18 Jan 2012 12:00:00 PST
Sales Training: Start the New Year with Progress http://www.customercentric.com/blogpost-70545/Sales-Training---Starting-With-Progress.html Sales Training Article: Start the New Year with Progress

By Teresa Amabile and Steve Kramer, Harvard Business Review (HBR) Blog Network

To get yourself and your team off to a good start for the new year, focus on progress. Our research discovered that fostering progress in meaningful work is the most important way to keep people highly engaged at work - even if that progress is a "small win."

We call this phenomenon the progress principle; it works because people want to feel that they are contributing to something that matters. The new year presents a great opportunity for managers to put the progress principle into action.

First, note the progress made by your team or organization over the past year - the major accomplishments and the small wins, too. And communicate the list broadly. All too often, progress gets ignored as people move from one task or project to another. Simply noting what was accomplished and how it contributed to the goals of the organization can have a big impact on how people feel about themselves, the organization, and the work they do. Wesley, a researcher at a chemicals firm that participated in our study, made clear how much it meant to him when his VP did this at a holiday celebration: "We had a wonderful Christmas celebration, during which time our VP and Director of R&D reflected on our terrific achievements over the year." sales training success

Don't stop with enumerating the year's accomplishments. Celebrate that progress and recognize all those who contributed to it. People who work hard deserve the opportunity to celebrate and rejoice in what they have accomplished. It nourishes them psychologically and motivates them to accomplish even more in the coming year. And don't recognize only the people directly responsible for a particular achievement. Recognize everyone who contributed across the organization, including support staff. For people to give their best in the future, they must feel that their hard work really matters. They benefit, through satisfying engagement in their work. And the organization benefits, too. When employees are more engaged in their work, their performance improves - contributing to the bottom line.

Map out goals for progress in the upcoming year and say why that progress matters. Be sure to include both broad, aspirational goals and smaller, interim milestones. For people to be fully engaged, they must feel that they are making steady progress, not just slogging away in hopes of a major breakthrough. And be sure to articulate why those goals matter - why they are meaningful to the organization, customers, and/or society. Making progress on meaningless work doesn't boost engagement; people must feel that they are contributing to something they value. Great leaders at every level of an organization are able to communicate not only what needs to be done, but why it is important. This means communicating the mission and values of the organization, and ensuring that all employees understand how their own work contributes to the mission.

Finally, resolve to support people's progress each day in the coming year. For the progress principle to work, people should experience progress more often than setbacks. Give them the goals, resources, and time they need to succeed, and remove or reduce any obstacles to progress. And insist that people across the organization support each other as much as possible. Create a climate of attention to progress, where everyone is looking for opportunities, every day, to help colleagues move forward on meaningful work.

These actions are not difficult or costly, but they can have a real impact on employee engagement and performance. Make it your pre-New Year's resolution to give your people meaningful work to do and to support, recognize, and celebrate their contributions now and throughout the coming year.

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Customer Centric Selling Mon, 16 Jan 2012 12:00:00 PST
Sales Training: Coaching Not Managing http://www.customercentric.com/blogpost-70543/Sales-Training---Coaching-Not-Managing.html Sales Training Article: How to Improve Sales Performance through Coaching, Not Managing

By Kevin Vear, Sales Benchmark Index (SBI)

Technology gives us the ability to measure Sales Rep Performance across detailed angles and dimensions. Continued improvement in measuring performance has not translated into significant improvements in sales coaching and development of reps. If you haven't experienced rep performance improvements then take a deep look at your sales management team.

Based on the latest research, its clear that most managers are failing to coach effectively. A majority of reps report that managers do not provide support to help them improve performance. Unfortunately, many managers transfer all accountability to their reps for missed objectives. The problem is that managers don't understand how to effectively coach reps to drive improved performance. How could they? Most companies lack effective training for sales managers. Companies operate under the rationale that promoting successful reps is enough for success as a manager.

In the past the typical scenario that managers fell into is to review a sales report and state the obvious to their rep; "you're not meeting your revenue objective". This is often followed with "coaching" to sell more! sales management training workshop

Today with improved reporting, managers receive sales reports and state…." you're not meeting your revenue objective, and you are not meeting your goals with existing or new customers". (We've improved our ability to isolate the problem) This would be followed with "coaching" to sell more to existing customers, and to sell more new business. Captain Obvious rears his ugly head and tells their rep how successful they were when they were a rep. The conversations are devoid of substaintive skills development.

In more advanced sales organizations, managers focus on the specific sales activities (or lack of) that are leading to missed objectives. Their ability to identify the problem seems to obsolve them of the responsibility of missing the objective, and transfer the blame to the sales rep who is "not able" to meet expectations of the position. End result…fire the rep…hire someone who can perform!In order to understand if sales management is responsible, there are two metrics that can provide insight into the effectiveness of your management team:

  • Quantity of coaching
  • Quality of coaching

Quantity of coaching is an easy metric to track and should show that your sales managers are spending at least 60% of their time in coaching, observation, and sales training activities. If your managers are not able to devote this much time, you may want to review how they are spending their time and delegate non-coaching time to someone else. Quality of coaching is more difficult to measure, but can be done via direct feedback from the sales reps on a regular basis. The use of 360 feedback surveys can be used, but should be triangulated with other measurements to establish an effectiveness score that shows a "relative" rating in developing talent.If your sales managers are hitting the mark on these metrics, you should feel good about the level of support, training and development your sales reps are receiving to improve performance. If not, consider using these metrics to improve sales coaching and rep development.

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Customer Centric Selling Fri, 13 Jan 2012 12:00:00 PST