SlideShare ist ein Scribd-Unternehmen logo
1 von 8
Downloaden Sie, um offline zu lesen
Qvidian 2014
SALES EXECUTION
TRENDS 2014
Dec 2013 Top Objectives & Challenges Facing Sales Leaders
As organizations shift from maintenance mode to growth mode, and from
enablement to execution, sales leaders must have laser focus on making their
teams successful by looking beyond sales enablement and empowering sales
teams with the latest advancements in sales execution solutions.
Sales Execution Trends 2014
Page 1
60%
of buyer journey
complete before
ever interacting
with sales
58%
of pipeline stalls
because value not
presented
90%
of selling content
and resources
never used
Sales Execution Trends 2014
T O P O B J E C T I V E S & C H A L L E N G E S FA C I N G S A L E S L E A D E R S
EXECUTIVE SUMMARY
The top objective in the coming year, representing over 59%1 of organizations, is to capture new
business, in addition to optimizing revenues more profitably. This is a slight shift from previous years, with
many organizations transitioning from maintenance mode to aggressive growth mode as global
economies further recover.
With economic conditions continuing to change and expand, so too has the buyer environment. Today’s
buyers are much more informed, and most are considerably further in their buying decision before ever
speaking with a sales person. Salespeople need to provide the most relevant information and present
greater value to differentiate and win new business. However, over 58%2 of buyers disengage with sales
teams and stay with the status quo. The number one reason why buyers disengage is because salespeople
did not present value effectively or were not aligned to buyer’s specific business challenges.
To further complicate sales execution, deals are more complex, more people are involved in the buying
process, and sales teams are burdened with doing more with less. Other challenges facing sales
organizations:
 60%2 of the buyer’s journey happens before sales teams interact with a
prospect
 58%2 of sales pipeline ends up in “no decision” or stalled deals because
sales has not presented value effectively. Lack of alignment to buyer stages is
a main reason for the inability to communicate value
 90%3 of selling content is never used in selling, making sales teams not agile
enough to meet the complexity of the selling process.
 59%4 of a sales person’s time is not spent selling as they are burdened with
other activities including hunting for the right selling content and resources.
 88%1 of missed opportunities were because sales couldn’t find or leverage
internal resources
 Only 63%4 of salespeople make their quota
This report looks closer at the key objectives for sales organizations, and the
challenges they face to meet those objectives, as well as the current conditions,
obstacles, and investment areas needed to improve sales execution.
Sales Execution Trends 2014
Page 2
#2
Increase
Penetration into
Existing Accounts
#1
Capture New
Accounts
MOST IMPORTANT TO EXECUTIVE MANAGEMENT
It is no surprise that executive management seeks to win more business, but in a financially prudent fashion.
94% of executive management view increasing win rates as the single most important focus area for their
sales leaders. Profitable revenue growth, increased margins, and reducing costs are the norm for most
company objectives and remains the top desired business outcomes for CXOs. With that, executive
management rank the following as most important for sales execution:
 94% - Increasing win rates
 87% - Improving overall quota attainment
 83% - Increasing deal sizes
 82% - Greater visibility into what’s working and what’s not working
 75% - Shortening sales cycles
 68% - Closing more business, but at a lower cost
Another key objective is the growth of sales organizations. Some 29% of companies expect to expand
their sales organizations between 10%-30% in the coming year, with over 6% expecting to grow over
thirty percent.
With this anticipated growth in sales organizations, the burden of onboarding and ramping new sales
staff as quickly as possible becomes paramount to sales leaders. Every day a sales rep is not at full
productivity equates to considerable losses in quota targets. On average, it takes 40% of organizations
between 7-12 months to effectively onboard and get new sales reps to productivity. For over 18%, it
takes more than twelve months. This forces sales leaders to seek alternatives to better link training,
coaching, reinforcement, and best practices, for ramping new sales teams.
KEY SALES OBJECTIVES FOR 2014
The key objectives for sales organizations have typically been the same year over year, but with varying
degrees of priorities based on an assortment of both internal and external influences. Economic conditions
and overall company strategies and goals also play a key part. Based on the results of this recent study,
it is clear that many organizations are still in a growth mode stage and advancing
sales strategies to grow their businesses. Below are the top ten objectives (out of
fifteen):
1. Capture new accounts (58%)
2. Increase penetration into existing accounts (46%)
3. Increase sales effectiveness & performance (25%)
4. Improve customer loyalty & satisfaction (20%)
5. Optimize deal size via up-selling & cross-selling (20%)
6. Improve team selling (17%)
7. Reduce sell cycle time (14%)
8. Reduce ramp-up time for new sales people (7%)
9. Increase reorder & renewal rates (6%)
10. Retain top sales talent (4%)
Sales Execution Trends 2014
Page 3
16%
Poor Sales &
Marketing
Alignment
20%
Difficulty
Establishing
ROI
33%
Sales Cycles
Too Long
33%
Difficulty
Presenting
Differentiation
24%
Common Sales
Process Across
Organization
13%
Unadaptable
Sales Process
CHALLENGES TO OVERCOME
Top Challenges
There are a myriad of sales challenges that are, or can, prevent sales leaders from achieving their goals.
The top two challenges facing sales organizations include sales cycles too long (33%), and difficulty
presenting competitive differentiation (33%). Close behind these are the lack of common sales process
across entire sales organization (24%), and difficulty establishing return on investment (20%). Other
challenges include poor sales and marketing alignment (16%), and overall ineffective and unadaptable
sales process (13%). These challenges are all too common and are present in varying degrees across
different organizations.
Quota Attainment
Improving quota attainment was the second most important focus area to executive management (87%).
To compound this, 36% said they were only somewhat, or not confident, in their sales organization’s
ability to achieve quota attainment. The top reasons for not achieving quota attainment:
SOURCE: QVIDIAN SALES EXECUTION SURVEY 2013
0 10 20 30 40 50 60
Inability to find selling content or resources
Selling content not tailored to specific selling situation
Selling content and resources not aligned to buyer stages
Sales burdened with tasks & spend less time selling
Sales unable to effectively communicate value
Opportunities end up as no decisions
Why Sales is Not Achieving Quota
Most Likely Likely
Sales Execution Trends 2014
Page 4
CURRENT CONDITIONS
These challenges are common for most organizations but as solutions are applied to solve them, a gap
remains between strategy and sales execution.
Areas for Improvement
When assessing overall sales organization performance, the following sales execution areas were rated
highest as needing the most improvement:
SOURCE: QVIDIAN SALES EXECUTION SURVEY 2013
While all of these are essential, there is a common theme that continues to surface - Sales teams are
burdened with complexity in the selling process, and struggle to present greater value to the customer,
leading to the buyer not making a decision. Reasons why value is often not presented effectively include:
 Sales not leveraging selling content and resources specific to buyer needs in order to convey value
 Content and resources often not aligned to buyer stages
 Sales spending too much time searching for content and resources, leading to less time selling
 Selling content goes unused creating wasted resource time creating more and more content
 Opportunities are missed because of wasted resources and less time selling
0 10 20 30 40 50 60
Effectively Present Value
Providing Content Specific to Selling Situation & Buyer Stage
Differentiate From Competition
Generating Winning Proposals and Personalized Selling Documents
Clearly Understand Customer's Buying Process
Identify and Gain Access to All Decision Makers
Conducting Thorough Needs Analysis
Top Areas That Need Improvement
Needs Improvement
Sales Execution Trends 2014
Page 5
87%
of training
content is
forgotten within
weeks
70%
of buyers are
halfway to
decision before
speaking to sales
Wasteful Activities
This study also uncovered that the majority of organizations haven’t identified the wasteful activities in the
sales cycle, let alone the wasted energy from resources generating quality content and tools that never
get utilized. Only 7% believed their organization was able to identity wasteful activities while over 31%
said they were not able to identify at all. When it comes to leveraging the mass arsenal of content and
selling tools, a staggering 90% of selling content is never used in the selling process.
Agility
The ability for most sales organizations to be agile and adopt to change also impacts overall sales
execution. 47% report that their sales process is only somewhat or not at all adaptable to change in the
buying process, and over 57% state their sales organization is only somewhat or not at all agile.
Finding needed resources or creating personalized selling documents remains an ongoing challenge for
salespeople. Over 39% say they have a challenge with locating and tailoring personalized selling
documents and 16% say it is overly difficult.
Aligning to Buyers
Alignment of sales processes, as well as selling content and sales resources, specifically to buyer needs is
also critical in this age of savvy buyers. However, over 53% say their selling processes and content are
only somewhat or not aligned to the buyer stages.
SOLUTION OPPORTUNITIES
The reality is buyers have changed, selling processes are more complex, and sales teams have not
transformed, making it more of a challenge to achieve the organization’s desired business outcomes. With
all of these challenges, increasing complexity in the selling process, and critical business objectives and
defined strategies, companies have invested in a variety of areas to help support their sales teams.
Typical actions taken to resolve these challenges:
 More Training – However 87%5 of training content is forgotten within weeks
 More Content – 70%6 of buyers are halfway in their buying decision before
content is presented
 More Sales Reps – With an average 94 month ramp up time, and 58%2 of the
time is not spent selling
Each of these investment areas are important and worthwhile, even with the weight of
inefficiencies. However, with all these activities a gap still remains between strategy and
overall sales execution. This gap is rooted in that these activities are often disconnected
from each other, misaligned with buyers, not specific to each selling situation, and unable
to keep up with the pace of change.
Sales Execution Trends 2014
Page 6
CONCLUSIONS
The key themes from this study show that regardless if a company is in growth or maintenance mode,
there are key areas to improve before all others. Better communicating value, establishing processes that
are agile and adaptable, a continued focus on optimizing sales performance to shorten sales cycles, and
ramping up new sales teams more effectively, are some of the focus areas for organizations to win more
business profitably.
New sales rep ramp up time is a critical component for any size company. Every
day new sales reps are not at full productivity equates to considerable losses in
quota targets. Companies need to get new sales reps on-boarded as fast as
possible to advance profitable revenue growth. To do this, organizations need to
better link training, coaching, reinforcement, and other resources directly into the
selling process, not separately.
To present greater value, sales and marketing teams need to align themselves,
while also aligning processes, content, and resources specifically to a buyer’s
business challenges. Without this alignment, and without contextual guidance to
point salespeople in the right direction, sales teams will continue to struggle and
will be unable to transform.
The solution criteria is clear – what’s needed is to leverage existing investments,
better align and bridge each of their capabilities, while simplifying for sales
teams. It is critical to intelligently guide successful sales behavior through each
specific selling situation ensuring sales teams are aligned to the buyer’s process.
New technology advancements that are focused specifically on sales execution
are solving these complex business problems. With these latest software
solutions, organizations can instantly take advantage of deep analytical insights,
in real-time, to quickly confirm sales alignment and agility, with added visibility
into what’s not working so it can be fixed and what is working in order to
replicate across an entire organization.
Link
training, coaching,
reinforcement, and
other resources
directly into selling
process
Align
teams, processes,
content, and
resources
specifically to
buyer’s process
Leverage
existing
investments by
bridging them in
selling processes
to drive sales
behavior
Sales Execution Trends 2014
Page 7
RESEARCH DEMOGRAPHICS
Over 220 respondents, from varying industries, market, company sizes, and sales leader and enablement
roles completed comprehensive surveys which is the basis of this report. Company sizes of respondents
ranged from hundreds of employees to tens of thousands, with 30% between 1,000-10,000 employees,
and 20% over 10,000 employees, covering every major industry sector. Organizations from around the
globe responded with over 22% from outside of the United States. Respondent roles included:
 CXO or Sales Leaders (35%)
 Sales Enablement Leaders (25%)
 Marketing Leaders (10%)
 Sales Contributors (30%)
ABOUT QVIDIAN
Qvidian provides cloud-based sales execution solutions that enable companies to accelerate sales ramp
up time, capture new business in cross sell and upsell opportunities and optimize sales performance by
closing the gap between strategy and sales execution. The company's innovative software and advisory
services offer real-time insight to ensure sales teams do what's needed to win, by driving repeatable
methodologies and making the sales organization more agile. With over 1,200 global customers
including Dell, Citi, ADP, CA, and Splunk, Qvidian is helping organizations significantly increase their
profitable revenues while eliminating waste and reducing costs.
Qvidian’s Sales Playbooks offers a dynamic framework that delivers intelligent guidance, sales best
practices, and selling content aligned to buyer stages and tailored to each unique selling situation—all
right where salespeople are familiar, within your CRM. Qvidian streamlines sales complexity into a
repeatable process making it easier for salespeople to get up to speed and close more deals faster.
Sales Playbooks is deeply dynamic to adapt instantly to changing selling situations, is content, process,
and tool agnostic to leverage your current investments, and is intelligently guided to direct new sales
teams with opportunity specific instructions.
For more information, visit www.qvidian.com or call 1-800-272-0047 or +44 (0) 870-734-7778.
13_1209cf
All data points referenced in this report are from Qvidian’s annual sales execution survey results unless otherwise noted.
1 Qvidian Sales Execution Survey
2 Sales Benchmark Index
3 IDC
4 CSO Insights
5 CEB
6 Introhive

Weitere ähnliche Inhalte

Was ist angesagt?

Webinar | Front Line Sales Managers: High Value, High Risk
Webinar | Front Line Sales Managers: High Value, High RiskWebinar | Front Line Sales Managers: High Value, High Risk
Webinar | Front Line Sales Managers: High Value, High RiskAltify
 
Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...
Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...
Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...Allocadia Software
 
Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...
Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...
Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...QstreamInc
 
Principles of sales leadership spm
Principles of sales leadership spmPrinciples of sales leadership spm
Principles of sales leadership spmdwkeelan
 
Goal Setting & Sales Planning
Goal Setting & Sales PlanningGoal Setting & Sales Planning
Goal Setting & Sales PlanningRAD-INFO, Inc.
 
Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...
Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...
Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...Allocadia Software
 
Modern Sales Coaching in 2018: Goodbye Fluff, Hello Processes
Modern Sales Coaching in 2018:  Goodbye Fluff, Hello ProcessesModern Sales Coaching in 2018:  Goodbye Fluff, Hello Processes
Modern Sales Coaching in 2018: Goodbye Fluff, Hello ProcessesSales Hacker
 
The TAS Group | SFDC Expert Success Series
The TAS Group | SFDC Expert Success SeriesThe TAS Group | SFDC Expert Success Series
The TAS Group | SFDC Expert Success SeriesAltify
 
Webinar | Zero to Account Plan in 6 Contact Hours
Webinar | Zero to Account Plan in 6 Contact HoursWebinar | Zero to Account Plan in 6 Contact Hours
Webinar | Zero to Account Plan in 6 Contact HoursAltify
 
Opportunity Management: The Key to Winning Opportunities
Opportunity Management: The Key to Winning OpportunitiesOpportunity Management: The Key to Winning Opportunities
Opportunity Management: The Key to Winning OpportunitiesAltify
 
30 60 90 Business Plan
30 60 90 Business Plan30 60 90 Business Plan
30 60 90 Business Planjfreshour
 
Allocadia Webinar - 2017 Benchmark Research Webinar w/ Pedowitz
Allocadia Webinar - 2017 Benchmark Research Webinar w/ PedowitzAllocadia Webinar - 2017 Benchmark Research Webinar w/ Pedowitz
Allocadia Webinar - 2017 Benchmark Research Webinar w/ PedowitzAllocadia Software
 
How to Accelerate Marketing Performance Through More Effective Budgeting and ...
How to Accelerate Marketing Performance Through More Effective Budgeting and ...How to Accelerate Marketing Performance Through More Effective Budgeting and ...
How to Accelerate Marketing Performance Through More Effective Budgeting and ...Allocadia Software
 
Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...
Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...
Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...Allocadia Software
 
Strategy Implementation
Strategy ImplementationStrategy Implementation
Strategy ImplementationDSG Consulting
 
The Link between Sales Happiness, Performance and Technology
The Link between Sales Happiness, Performance and TechnologyThe Link between Sales Happiness, Performance and Technology
The Link between Sales Happiness, Performance and TechnologySales Hacker
 
5W1H Approach to Sales planning
5W1H Approach to Sales planning5W1H Approach to Sales planning
5W1H Approach to Sales planningSanjay Singh
 
Sales Operations Insights v1.0
Sales Operations Insights v1.0Sales Operations Insights v1.0
Sales Operations Insights v1.0Fast Track Tools
 

Was ist angesagt? (20)

Webinar | Front Line Sales Managers: High Value, High Risk
Webinar | Front Line Sales Managers: High Value, High RiskWebinar | Front Line Sales Managers: High Value, High Risk
Webinar | Front Line Sales Managers: High Value, High Risk
 
Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...
Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...
Allocadia Webinar: Win the Race for Marketing Planning Success: 5 Best Practi...
 
Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...
Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...
Qstream and Sales Readiness Group: Transforming Sales Managers into Great Coa...
 
Principles of sales leadership spm
Principles of sales leadership spmPrinciples of sales leadership spm
Principles of sales leadership spm
 
Goal Setting & Sales Planning
Goal Setting & Sales PlanningGoal Setting & Sales Planning
Goal Setting & Sales Planning
 
Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...
Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...
Marketing Technology for the Rest of Us: Run Marketing So You Can Do More Mar...
 
Modern Sales Coaching in 2018: Goodbye Fluff, Hello Processes
Modern Sales Coaching in 2018:  Goodbye Fluff, Hello ProcessesModern Sales Coaching in 2018:  Goodbye Fluff, Hello Processes
Modern Sales Coaching in 2018: Goodbye Fluff, Hello Processes
 
The TAS Group | SFDC Expert Success Series
The TAS Group | SFDC Expert Success SeriesThe TAS Group | SFDC Expert Success Series
The TAS Group | SFDC Expert Success Series
 
Webinar | Zero to Account Plan in 6 Contact Hours
Webinar | Zero to Account Plan in 6 Contact HoursWebinar | Zero to Account Plan in 6 Contact Hours
Webinar | Zero to Account Plan in 6 Contact Hours
 
Opportunity Management: The Key to Winning Opportunities
Opportunity Management: The Key to Winning OpportunitiesOpportunity Management: The Key to Winning Opportunities
Opportunity Management: The Key to Winning Opportunities
 
How to Plan Your Sales Kick-Off Meeting
How to Plan Your Sales Kick-Off MeetingHow to Plan Your Sales Kick-Off Meeting
How to Plan Your Sales Kick-Off Meeting
 
30 60 90 Business Plan
30 60 90 Business Plan30 60 90 Business Plan
30 60 90 Business Plan
 
Allocadia Webinar - 2017 Benchmark Research Webinar w/ Pedowitz
Allocadia Webinar - 2017 Benchmark Research Webinar w/ PedowitzAllocadia Webinar - 2017 Benchmark Research Webinar w/ Pedowitz
Allocadia Webinar - 2017 Benchmark Research Webinar w/ Pedowitz
 
How to Accelerate Marketing Performance Through More Effective Budgeting and ...
How to Accelerate Marketing Performance Through More Effective Budgeting and ...How to Accelerate Marketing Performance Through More Effective Budgeting and ...
How to Accelerate Marketing Performance Through More Effective Budgeting and ...
 
Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...
Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...
Allocadia Webinar - 4 Marketing Planning Strategies From The Best Global Orga...
 
Strategy Implementation
Strategy ImplementationStrategy Implementation
Strategy Implementation
 
The Link between Sales Happiness, Performance and Technology
The Link between Sales Happiness, Performance and TechnologyThe Link between Sales Happiness, Performance and Technology
The Link between Sales Happiness, Performance and Technology
 
5W1H Approach to Sales planning
5W1H Approach to Sales planning5W1H Approach to Sales planning
5W1H Approach to Sales planning
 
The definitive-digital-marketing-guide-to-getting-results
The definitive-digital-marketing-guide-to-getting-resultsThe definitive-digital-marketing-guide-to-getting-results
The definitive-digital-marketing-guide-to-getting-results
 
Sales Operations Insights v1.0
Sales Operations Insights v1.0Sales Operations Insights v1.0
Sales Operations Insights v1.0
 

Andere mochten auch

Sales Execution Wins
Sales Execution WinsSales Execution Wins
Sales Execution WinsLevelEleven
 
Business power point templates parallelized steps for execution of plan sales...
Business power point templates parallelized steps for execution of plan sales...Business power point templates parallelized steps for execution of plan sales...
Business power point templates parallelized steps for execution of plan sales...SlideTeam.net
 
EXECUTION – The Last Word in Sales! Everything Else is Just Talk!
EXECUTION – The Last Word in Sales! Everything Else is Just Talk! EXECUTION – The Last Word in Sales! Everything Else is Just Talk!
EXECUTION – The Last Word in Sales! Everything Else is Just Talk! Activeconversion
 
Market execution fmcg
Market execution  fmcgMarket execution  fmcg
Market execution fmcgroylalvincent
 
Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...
Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...
Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...Sales Hacker
 
How To Increase Sales By Monitoring In Store Execution 08.06.2012
How To Increase Sales By Monitoring In Store Execution 08.06.2012How To Increase Sales By Monitoring In Store Execution 08.06.2012
How To Increase Sales By Monitoring In Store Execution 08.06.2012alex_zudor
 
How to Plan & Execute a Seminar
How to Plan & Execute a SeminarHow to Plan & Execute a Seminar
How to Plan & Execute a SeminarBob Hebeisen
 
Market & competitor analysis template in PPT
Market & competitor analysis template in PPTMarket & competitor analysis template in PPT
Market & competitor analysis template in PPTAurelien Domont, MBA
 

Andere mochten auch (10)

Sales Execution Wins
Sales Execution WinsSales Execution Wins
Sales Execution Wins
 
Business power point templates parallelized steps for execution of plan sales...
Business power point templates parallelized steps for execution of plan sales...Business power point templates parallelized steps for execution of plan sales...
Business power point templates parallelized steps for execution of plan sales...
 
EXECUTION – The Last Word in Sales! Everything Else is Just Talk!
EXECUTION – The Last Word in Sales! Everything Else is Just Talk! EXECUTION – The Last Word in Sales! Everything Else is Just Talk!
EXECUTION – The Last Word in Sales! Everything Else is Just Talk!
 
Market execution fmcg
Market execution  fmcgMarket execution  fmcg
Market execution fmcg
 
Strategy Execution
Strategy Execution Strategy Execution
Strategy Execution
 
Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...
Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...
Dave Govan (VP of Sales, Sailthru) - Aligning a Go to Market Strategy with Sa...
 
How To Increase Sales By Monitoring In Store Execution 08.06.2012
How To Increase Sales By Monitoring In Store Execution 08.06.2012How To Increase Sales By Monitoring In Store Execution 08.06.2012
How To Increase Sales By Monitoring In Store Execution 08.06.2012
 
Zero To Sales
Zero To SalesZero To Sales
Zero To Sales
 
How to Plan & Execute a Seminar
How to Plan & Execute a SeminarHow to Plan & Execute a Seminar
How to Plan & Execute a Seminar
 
Market & competitor analysis template in PPT
Market & competitor analysis template in PPTMarket & competitor analysis template in PPT
Market & competitor analysis template in PPT
 

Ähnlich wie Sales-Execution-Trends-2014

The Sales Leaders' Guide to B2B Sales Growth in 2019
The Sales Leaders' Guide to B2B Sales Growth in 2019The Sales Leaders' Guide to B2B Sales Growth in 2019
The Sales Leaders' Guide to B2B Sales Growth in 2019RAIN Group
 
8 Tips for Beating Your Sales Goals in 2016
8 Tips for Beating Your Sales Goals in 20168 Tips for Beating Your Sales Goals in 2016
8 Tips for Beating Your Sales Goals in 2016RAIN Group
 
12/02/15 RAIN Group Webinar Slides
12/02/15 RAIN Group Webinar Slides12/02/15 RAIN Group Webinar Slides
12/02/15 RAIN Group Webinar SlidesInsideSales.com
 
Insurance Agency Producer & CSR Sales Training
Insurance Agency Producer & CSR Sales TrainingInsurance Agency Producer & CSR Sales Training
Insurance Agency Producer & CSR Sales Trainingpace360
 
Ebook-KFIC-12-top-sales-practices-2022.pdf
Ebook-KFIC-12-top-sales-practices-2022.pdfEbook-KFIC-12-top-sales-practices-2022.pdf
Ebook-KFIC-12-top-sales-practices-2022.pdfssuser57dd86
 
10 Ways to Achieve Your Top Sales Priorities
10 Ways to Achieve Your Top Sales Priorities10 Ways to Achieve Your Top Sales Priorities
10 Ways to Achieve Your Top Sales PrioritiesRAIN Group
 
Michael Farrington - Staying Relevant in Marketing
Michael Farrington - Staying Relevant in MarketingMichael Farrington - Staying Relevant in Marketing
Michael Farrington - Staying Relevant in MarketingAMASanDiego
 
Rethinking the Role of Marketing
Rethinking the Role of MarketingRethinking the Role of Marketing
Rethinking the Role of MarketingGleanster Research
 
Accenture-Five-Imperatives-Power-Profitable-Sales-Growth
Accenture-Five-Imperatives-Power-Profitable-Sales-GrowthAccenture-Five-Imperatives-Power-Profitable-Sales-Growth
Accenture-Five-Imperatives-Power-Profitable-Sales-GrowthTimothy M. Caffrey, MBA
 
7 Methods to Get your Sales and Marketing Teams Aligned Infographic
7 Methods to Get your Sales and Marketing Teams Aligned Infographic7 Methods to Get your Sales and Marketing Teams Aligned Infographic
7 Methods to Get your Sales and Marketing Teams Aligned InfographicInsideView
 
Boost Sales Productivity through Sales Enablement
Boost Sales Productivity through Sales EnablementBoost Sales Productivity through Sales Enablement
Boost Sales Productivity through Sales EnablementDoble Group, LLC
 
Business Beat Event: Minds & More - 28/05/2013
Business Beat Event: Minds & More - 28/05/2013Business Beat Event: Minds & More - 28/05/2013
Business Beat Event: Minds & More - 28/05/2013Infront NV
 
130528 bb minds_more
130528 bb minds_more130528 bb minds_more
130528 bb minds_moreInfront NV
 
If you can't measure or monitor it, you can't manage it !
If you can't measure or monitor it, you can't manage it !If you can't measure or monitor it, you can't manage it !
If you can't measure or monitor it, you can't manage it !Carl Larson
 
A CRO's view of the ultimate sales ops partner - InsightSquared
A CRO's view of the ultimate sales ops partner - InsightSquaredA CRO's view of the ultimate sales ops partner - InsightSquared
A CRO's view of the ultimate sales ops partner - InsightSquaredInsightSquaredTeam
 
Customer marketing benchmark report
Customer marketing benchmark reportCustomer marketing benchmark report
Customer marketing benchmark reportMohamed Mahdy
 
Sales Ready Platform - MHI Global
Sales Ready Platform - MHI GlobalSales Ready Platform - MHI Global
Sales Ready Platform - MHI GlobalTom Williams
 
Customer Lifecycle Marketing Benchmark Report
Customer Lifecycle Marketing Benchmark ReportCustomer Lifecycle Marketing Benchmark Report
Customer Lifecycle Marketing Benchmark ReportDemand Metric
 
OpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity Model
OpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity ModelOpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity Model
OpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity ModelLeanData
 

Ähnlich wie Sales-Execution-Trends-2014 (20)

The Sales Leaders' Guide to B2B Sales Growth in 2019
The Sales Leaders' Guide to B2B Sales Growth in 2019The Sales Leaders' Guide to B2B Sales Growth in 2019
The Sales Leaders' Guide to B2B Sales Growth in 2019
 
8 Tips for Beating Your Sales Goals in 2016
8 Tips for Beating Your Sales Goals in 20168 Tips for Beating Your Sales Goals in 2016
8 Tips for Beating Your Sales Goals in 2016
 
12/02/15 RAIN Group Webinar Slides
12/02/15 RAIN Group Webinar Slides12/02/15 RAIN Group Webinar Slides
12/02/15 RAIN Group Webinar Slides
 
Insurance Agency Producer & CSR Sales Training
Insurance Agency Producer & CSR Sales TrainingInsurance Agency Producer & CSR Sales Training
Insurance Agency Producer & CSR Sales Training
 
Ebook-KFIC-12-top-sales-practices-2022.pdf
Ebook-KFIC-12-top-sales-practices-2022.pdfEbook-KFIC-12-top-sales-practices-2022.pdf
Ebook-KFIC-12-top-sales-practices-2022.pdf
 
10 Ways to Achieve Your Top Sales Priorities
10 Ways to Achieve Your Top Sales Priorities10 Ways to Achieve Your Top Sales Priorities
10 Ways to Achieve Your Top Sales Priorities
 
Michael Farrington - Staying Relevant in Marketing
Michael Farrington - Staying Relevant in MarketingMichael Farrington - Staying Relevant in Marketing
Michael Farrington - Staying Relevant in Marketing
 
Rethinking the Role of Marketing
Rethinking the Role of MarketingRethinking the Role of Marketing
Rethinking the Role of Marketing
 
Accenture-Five-Imperatives-Power-Profitable-Sales-Growth
Accenture-Five-Imperatives-Power-Profitable-Sales-GrowthAccenture-Five-Imperatives-Power-Profitable-Sales-Growth
Accenture-Five-Imperatives-Power-Profitable-Sales-Growth
 
7 Methods to Get your Sales and Marketing Teams Aligned Infographic
7 Methods to Get your Sales and Marketing Teams Aligned Infographic7 Methods to Get your Sales and Marketing Teams Aligned Infographic
7 Methods to Get your Sales and Marketing Teams Aligned Infographic
 
Boost Sales Productivity through Sales Enablement
Boost Sales Productivity through Sales EnablementBoost Sales Productivity through Sales Enablement
Boost Sales Productivity through Sales Enablement
 
2016 Sales Performance Insights by CSO Insights and Miller Heiman Group
2016 Sales Performance Insights by CSO Insights and Miller Heiman Group2016 Sales Performance Insights by CSO Insights and Miller Heiman Group
2016 Sales Performance Insights by CSO Insights and Miller Heiman Group
 
Business Beat Event: Minds & More - 28/05/2013
Business Beat Event: Minds & More - 28/05/2013Business Beat Event: Minds & More - 28/05/2013
Business Beat Event: Minds & More - 28/05/2013
 
130528 bb minds_more
130528 bb minds_more130528 bb minds_more
130528 bb minds_more
 
If you can't measure or monitor it, you can't manage it !
If you can't measure or monitor it, you can't manage it !If you can't measure or monitor it, you can't manage it !
If you can't measure or monitor it, you can't manage it !
 
A CRO's view of the ultimate sales ops partner - InsightSquared
A CRO's view of the ultimate sales ops partner - InsightSquaredA CRO's view of the ultimate sales ops partner - InsightSquared
A CRO's view of the ultimate sales ops partner - InsightSquared
 
Customer marketing benchmark report
Customer marketing benchmark reportCustomer marketing benchmark report
Customer marketing benchmark report
 
Sales Ready Platform - MHI Global
Sales Ready Platform - MHI GlobalSales Ready Platform - MHI Global
Sales Ready Platform - MHI Global
 
Customer Lifecycle Marketing Benchmark Report
Customer Lifecycle Marketing Benchmark ReportCustomer Lifecycle Marketing Benchmark Report
Customer Lifecycle Marketing Benchmark Report
 
OpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity Model
OpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity ModelOpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity Model
OpsStars NY Session | A B2B Revenue Ops Success Framework and Maturity Model
 

Sales-Execution-Trends-2014

  • 1. Qvidian 2014 SALES EXECUTION TRENDS 2014 Dec 2013 Top Objectives & Challenges Facing Sales Leaders As organizations shift from maintenance mode to growth mode, and from enablement to execution, sales leaders must have laser focus on making their teams successful by looking beyond sales enablement and empowering sales teams with the latest advancements in sales execution solutions.
  • 2. Sales Execution Trends 2014 Page 1 60% of buyer journey complete before ever interacting with sales 58% of pipeline stalls because value not presented 90% of selling content and resources never used Sales Execution Trends 2014 T O P O B J E C T I V E S & C H A L L E N G E S FA C I N G S A L E S L E A D E R S EXECUTIVE SUMMARY The top objective in the coming year, representing over 59%1 of organizations, is to capture new business, in addition to optimizing revenues more profitably. This is a slight shift from previous years, with many organizations transitioning from maintenance mode to aggressive growth mode as global economies further recover. With economic conditions continuing to change and expand, so too has the buyer environment. Today’s buyers are much more informed, and most are considerably further in their buying decision before ever speaking with a sales person. Salespeople need to provide the most relevant information and present greater value to differentiate and win new business. However, over 58%2 of buyers disengage with sales teams and stay with the status quo. The number one reason why buyers disengage is because salespeople did not present value effectively or were not aligned to buyer’s specific business challenges. To further complicate sales execution, deals are more complex, more people are involved in the buying process, and sales teams are burdened with doing more with less. Other challenges facing sales organizations:  60%2 of the buyer’s journey happens before sales teams interact with a prospect  58%2 of sales pipeline ends up in “no decision” or stalled deals because sales has not presented value effectively. Lack of alignment to buyer stages is a main reason for the inability to communicate value  90%3 of selling content is never used in selling, making sales teams not agile enough to meet the complexity of the selling process.  59%4 of a sales person’s time is not spent selling as they are burdened with other activities including hunting for the right selling content and resources.  88%1 of missed opportunities were because sales couldn’t find or leverage internal resources  Only 63%4 of salespeople make their quota This report looks closer at the key objectives for sales organizations, and the challenges they face to meet those objectives, as well as the current conditions, obstacles, and investment areas needed to improve sales execution.
  • 3. Sales Execution Trends 2014 Page 2 #2 Increase Penetration into Existing Accounts #1 Capture New Accounts MOST IMPORTANT TO EXECUTIVE MANAGEMENT It is no surprise that executive management seeks to win more business, but in a financially prudent fashion. 94% of executive management view increasing win rates as the single most important focus area for their sales leaders. Profitable revenue growth, increased margins, and reducing costs are the norm for most company objectives and remains the top desired business outcomes for CXOs. With that, executive management rank the following as most important for sales execution:  94% - Increasing win rates  87% - Improving overall quota attainment  83% - Increasing deal sizes  82% - Greater visibility into what’s working and what’s not working  75% - Shortening sales cycles  68% - Closing more business, but at a lower cost Another key objective is the growth of sales organizations. Some 29% of companies expect to expand their sales organizations between 10%-30% in the coming year, with over 6% expecting to grow over thirty percent. With this anticipated growth in sales organizations, the burden of onboarding and ramping new sales staff as quickly as possible becomes paramount to sales leaders. Every day a sales rep is not at full productivity equates to considerable losses in quota targets. On average, it takes 40% of organizations between 7-12 months to effectively onboard and get new sales reps to productivity. For over 18%, it takes more than twelve months. This forces sales leaders to seek alternatives to better link training, coaching, reinforcement, and best practices, for ramping new sales teams. KEY SALES OBJECTIVES FOR 2014 The key objectives for sales organizations have typically been the same year over year, but with varying degrees of priorities based on an assortment of both internal and external influences. Economic conditions and overall company strategies and goals also play a key part. Based on the results of this recent study, it is clear that many organizations are still in a growth mode stage and advancing sales strategies to grow their businesses. Below are the top ten objectives (out of fifteen): 1. Capture new accounts (58%) 2. Increase penetration into existing accounts (46%) 3. Increase sales effectiveness & performance (25%) 4. Improve customer loyalty & satisfaction (20%) 5. Optimize deal size via up-selling & cross-selling (20%) 6. Improve team selling (17%) 7. Reduce sell cycle time (14%) 8. Reduce ramp-up time for new sales people (7%) 9. Increase reorder & renewal rates (6%) 10. Retain top sales talent (4%)
  • 4. Sales Execution Trends 2014 Page 3 16% Poor Sales & Marketing Alignment 20% Difficulty Establishing ROI 33% Sales Cycles Too Long 33% Difficulty Presenting Differentiation 24% Common Sales Process Across Organization 13% Unadaptable Sales Process CHALLENGES TO OVERCOME Top Challenges There are a myriad of sales challenges that are, or can, prevent sales leaders from achieving their goals. The top two challenges facing sales organizations include sales cycles too long (33%), and difficulty presenting competitive differentiation (33%). Close behind these are the lack of common sales process across entire sales organization (24%), and difficulty establishing return on investment (20%). Other challenges include poor sales and marketing alignment (16%), and overall ineffective and unadaptable sales process (13%). These challenges are all too common and are present in varying degrees across different organizations. Quota Attainment Improving quota attainment was the second most important focus area to executive management (87%). To compound this, 36% said they were only somewhat, or not confident, in their sales organization’s ability to achieve quota attainment. The top reasons for not achieving quota attainment: SOURCE: QVIDIAN SALES EXECUTION SURVEY 2013 0 10 20 30 40 50 60 Inability to find selling content or resources Selling content not tailored to specific selling situation Selling content and resources not aligned to buyer stages Sales burdened with tasks & spend less time selling Sales unable to effectively communicate value Opportunities end up as no decisions Why Sales is Not Achieving Quota Most Likely Likely
  • 5. Sales Execution Trends 2014 Page 4 CURRENT CONDITIONS These challenges are common for most organizations but as solutions are applied to solve them, a gap remains between strategy and sales execution. Areas for Improvement When assessing overall sales organization performance, the following sales execution areas were rated highest as needing the most improvement: SOURCE: QVIDIAN SALES EXECUTION SURVEY 2013 While all of these are essential, there is a common theme that continues to surface - Sales teams are burdened with complexity in the selling process, and struggle to present greater value to the customer, leading to the buyer not making a decision. Reasons why value is often not presented effectively include:  Sales not leveraging selling content and resources specific to buyer needs in order to convey value  Content and resources often not aligned to buyer stages  Sales spending too much time searching for content and resources, leading to less time selling  Selling content goes unused creating wasted resource time creating more and more content  Opportunities are missed because of wasted resources and less time selling 0 10 20 30 40 50 60 Effectively Present Value Providing Content Specific to Selling Situation & Buyer Stage Differentiate From Competition Generating Winning Proposals and Personalized Selling Documents Clearly Understand Customer's Buying Process Identify and Gain Access to All Decision Makers Conducting Thorough Needs Analysis Top Areas That Need Improvement Needs Improvement
  • 6. Sales Execution Trends 2014 Page 5 87% of training content is forgotten within weeks 70% of buyers are halfway to decision before speaking to sales Wasteful Activities This study also uncovered that the majority of organizations haven’t identified the wasteful activities in the sales cycle, let alone the wasted energy from resources generating quality content and tools that never get utilized. Only 7% believed their organization was able to identity wasteful activities while over 31% said they were not able to identify at all. When it comes to leveraging the mass arsenal of content and selling tools, a staggering 90% of selling content is never used in the selling process. Agility The ability for most sales organizations to be agile and adopt to change also impacts overall sales execution. 47% report that their sales process is only somewhat or not at all adaptable to change in the buying process, and over 57% state their sales organization is only somewhat or not at all agile. Finding needed resources or creating personalized selling documents remains an ongoing challenge for salespeople. Over 39% say they have a challenge with locating and tailoring personalized selling documents and 16% say it is overly difficult. Aligning to Buyers Alignment of sales processes, as well as selling content and sales resources, specifically to buyer needs is also critical in this age of savvy buyers. However, over 53% say their selling processes and content are only somewhat or not aligned to the buyer stages. SOLUTION OPPORTUNITIES The reality is buyers have changed, selling processes are more complex, and sales teams have not transformed, making it more of a challenge to achieve the organization’s desired business outcomes. With all of these challenges, increasing complexity in the selling process, and critical business objectives and defined strategies, companies have invested in a variety of areas to help support their sales teams. Typical actions taken to resolve these challenges:  More Training – However 87%5 of training content is forgotten within weeks  More Content – 70%6 of buyers are halfway in their buying decision before content is presented  More Sales Reps – With an average 94 month ramp up time, and 58%2 of the time is not spent selling Each of these investment areas are important and worthwhile, even with the weight of inefficiencies. However, with all these activities a gap still remains between strategy and overall sales execution. This gap is rooted in that these activities are often disconnected from each other, misaligned with buyers, not specific to each selling situation, and unable to keep up with the pace of change.
  • 7. Sales Execution Trends 2014 Page 6 CONCLUSIONS The key themes from this study show that regardless if a company is in growth or maintenance mode, there are key areas to improve before all others. Better communicating value, establishing processes that are agile and adaptable, a continued focus on optimizing sales performance to shorten sales cycles, and ramping up new sales teams more effectively, are some of the focus areas for organizations to win more business profitably. New sales rep ramp up time is a critical component for any size company. Every day new sales reps are not at full productivity equates to considerable losses in quota targets. Companies need to get new sales reps on-boarded as fast as possible to advance profitable revenue growth. To do this, organizations need to better link training, coaching, reinforcement, and other resources directly into the selling process, not separately. To present greater value, sales and marketing teams need to align themselves, while also aligning processes, content, and resources specifically to a buyer’s business challenges. Without this alignment, and without contextual guidance to point salespeople in the right direction, sales teams will continue to struggle and will be unable to transform. The solution criteria is clear – what’s needed is to leverage existing investments, better align and bridge each of their capabilities, while simplifying for sales teams. It is critical to intelligently guide successful sales behavior through each specific selling situation ensuring sales teams are aligned to the buyer’s process. New technology advancements that are focused specifically on sales execution are solving these complex business problems. With these latest software solutions, organizations can instantly take advantage of deep analytical insights, in real-time, to quickly confirm sales alignment and agility, with added visibility into what’s not working so it can be fixed and what is working in order to replicate across an entire organization. Link training, coaching, reinforcement, and other resources directly into selling process Align teams, processes, content, and resources specifically to buyer’s process Leverage existing investments by bridging them in selling processes to drive sales behavior
  • 8. Sales Execution Trends 2014 Page 7 RESEARCH DEMOGRAPHICS Over 220 respondents, from varying industries, market, company sizes, and sales leader and enablement roles completed comprehensive surveys which is the basis of this report. Company sizes of respondents ranged from hundreds of employees to tens of thousands, with 30% between 1,000-10,000 employees, and 20% over 10,000 employees, covering every major industry sector. Organizations from around the globe responded with over 22% from outside of the United States. Respondent roles included:  CXO or Sales Leaders (35%)  Sales Enablement Leaders (25%)  Marketing Leaders (10%)  Sales Contributors (30%) ABOUT QVIDIAN Qvidian provides cloud-based sales execution solutions that enable companies to accelerate sales ramp up time, capture new business in cross sell and upsell opportunities and optimize sales performance by closing the gap between strategy and sales execution. The company's innovative software and advisory services offer real-time insight to ensure sales teams do what's needed to win, by driving repeatable methodologies and making the sales organization more agile. With over 1,200 global customers including Dell, Citi, ADP, CA, and Splunk, Qvidian is helping organizations significantly increase their profitable revenues while eliminating waste and reducing costs. Qvidian’s Sales Playbooks offers a dynamic framework that delivers intelligent guidance, sales best practices, and selling content aligned to buyer stages and tailored to each unique selling situation—all right where salespeople are familiar, within your CRM. Qvidian streamlines sales complexity into a repeatable process making it easier for salespeople to get up to speed and close more deals faster. Sales Playbooks is deeply dynamic to adapt instantly to changing selling situations, is content, process, and tool agnostic to leverage your current investments, and is intelligently guided to direct new sales teams with opportunity specific instructions. For more information, visit www.qvidian.com or call 1-800-272-0047 or +44 (0) 870-734-7778. 13_1209cf All data points referenced in this report are from Qvidian’s annual sales execution survey results unless otherwise noted. 1 Qvidian Sales Execution Survey 2 Sales Benchmark Index 3 IDC 4 CSO Insights 5 CEB 6 Introhive