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Contemporary Sales Management Practices That
        Drive Business Development
Agenda
 Sales Management Impact on Business Development
 What is ‘Best-in-class’?
 What do ‘Best-in-class’ do?
 Proactive Sales Management vs. Reactive Sales Management
 Coach the Coaches
 Best-in-Class invest in their Sales Managers
 Sales Management Business Pressures
 Enabling Technology to Maximize Business Development Efforts
 Conclusions
Sales Management Impact on Business Development
6 Research Studies:
2. Aberdeen Group
- Sales Training 2011 Uncovering How the Best-In-Class Sustain, Reinforce &
Leverage Best Selling Practices
- Lead to Win 2012 Managing People, Process and Technology to Optimize the
Last Mile of the Sales Cycle
- Sales Performance Management 2012 Managing People, Process and
Technology to Optimize the Last Mile of the Sales Cycle
- Sales Performance Management: Managing People, Process and Technology
to Optimize the Last Mile of the Sales Cycle
‱ Sales for Life – Sales Survey 2010
‱ Canadian Federation of Independent Business – Canada’s Training Ground:
SME’s $18 billion Investment in the Nation’s Workforce
‱ Rabemananjara, Parsley: Relations between employee’s training decisions and
business strategies and human resource management practices: a study by size
of business (Industry Canada)
‱ Lieb: Principles of Adult Learning
‱ Thomas International 2011 - Sales Performance Study: A review of high-
performing sales professionals in North America
What is ‘Best in Class’?
Aberdeen Study

970 end-user organizations:

 87% average overall attainment of sales
 quota in the last measured year, compared
 with 49% among Industry Average firms
 and 4.0% within Laggard companies.

 9.5% average year-over-year increase in
 average number of proposals, quotes or
 RFP responses delivered to
 customers/prospects,per sales rep, per
 month, versus a 2.2% Increase for Industry
 Average firms and 1.8% reduction among
 Laggards.

 4.5% year-over-year increase in lead
 conversion rates (sales accepted lead to
 close), vs. 1.1% within Industry Average
 and 2.4% decrease for Laggard companies.
What do ‘Best in Class’ do?
                         Provide Sales Managers
                          customized training & content,
                          distinct from that offered to
                          sales representatives

                         Maintain a focus on frequent
                          training activities for both sales
                          reps and managers

                         Embed sales training content
                          into both easily accessible
                          knowledge repositories, as well
                          as linking it to defined CRM
                          sales stages

                         Ensure an aggressive approach
                          to ongoing reinforcement and
                          refreshment of sales training
                          skills and content provided

                         Gain and retain executive-level
                          sponsorship for sales training
                          initiatives
Proactive Sales Management
Identify sub-set competencies – Managers can’t coach what they don’t know
Coach the Coaches
                     52% of Sales Leaders believe one-on-one coaching is their
                     No. 1 training tool – while only 24% of Sales Performers rate
                     their manager’s one-on-one Coaching as effective.*


                    Sales Leaders rate their coaching as the No. 1 tool for
                    developing sales performers while 47% of sales performers
                    rate their managers coaching as ‘Needs Improvement’**


‱ 67% of respondents stated they do over 90% of their sales calls without any
  management feedback

‱ 25% of respondents stated they receive 0 days of training/year.

‱ 62% of respondents stated they receive between 0-5 days of training/year.

‱ Conclusion: Sales Managers require training in contemporary Coaching Practices and
  need to spend more time in the field coaching!
Best-in-Class Invest in Management Development to
 Demonstrate Significant Year-over-Year Success
Sales Manager Business Pressures
                  Besides the obvious ‘Meet my
                  targets!’ there are important sub-set
                  pressures most sales managers face.

                  In each case, reps that are
                  performing at peak significantly
                  reduce the pressure on both the
                  Manager and the Company

                  In particular, prospecting for new
                  business with both new accounts
                  and cross-selling in existing
                  accounts can make/break target
                  acquisition
Enabling Technology to Enhance Business Development
         CORE TRAINING        FIELD PERFORMANCE   CRM TRACKING   COACHING

‱ Tracking of sales performers must
include the ‘inputs’ (where in the
sales process), as well as, the
‘outputs’ (results)

‱ Pro-active Sales Managers
concentrate their coaching efforts on
the ‘inputs’ - where does their rep
need specific coaching...

‱ Tracking tools (paper & pencil, crm,
etc.) are only as good as the data
submitted. Therefore, input time and
information must be kept to a
minimum.
Conclusions
 To become ‘Best-in-Class’ (leading industry in Business Development performance
 indicators) requires Senior Management Committment

 ‘Best-in-Class’ recognize the extraordinary importance of the Sales Manager role

 Regular Field Coaching is critical to ongoing Sales Rep Development and use of
 proper business development skill sets

 Field coaching needs to be ‘proactive’ vs. ‘reactive’

 Sales performers are under-impressed with their manager’s coaching capabilities

 Organizations that invest in training their Sales Managers and Reps have lower
 turnover - and subsequent higher performance

 Using Technology (eg. CRM) will provide Sales Managers with proactive coaching
 priorities

 Organizations need to tie their sales cycle content into their knowledge
 repositories
QuotaÂź Coordinates

QuotaÂź Head Office


www.quotagame.com
  inquiry@quotagame.com
                   .
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Contemporary Sales Management Practices That Drive Business Development

  • 1. Contemporary Sales Management Practices That Drive Business Development
  • 2. Agenda  Sales Management Impact on Business Development  What is ‘Best-in-class’?  What do ‘Best-in-class’ do?  Proactive Sales Management vs. Reactive Sales Management  Coach the Coaches  Best-in-Class invest in their Sales Managers  Sales Management Business Pressures  Enabling Technology to Maximize Business Development Efforts  Conclusions
  • 3. Sales Management Impact on Business Development 6 Research Studies: 2. Aberdeen Group - Sales Training 2011 Uncovering How the Best-In-Class Sustain, Reinforce & Leverage Best Selling Practices - Lead to Win 2012 Managing People, Process and Technology to Optimize the Last Mile of the Sales Cycle - Sales Performance Management 2012 Managing People, Process and Technology to Optimize the Last Mile of the Sales Cycle - Sales Performance Management: Managing People, Process and Technology to Optimize the Last Mile of the Sales Cycle ‱ Sales for Life – Sales Survey 2010 ‱ Canadian Federation of Independent Business – Canada’s Training Ground: SME’s $18 billion Investment in the Nation’s Workforce ‱ Rabemananjara, Parsley: Relations between employee’s training decisions and business strategies and human resource management practices: a study by size of business (Industry Canada) ‱ Lieb: Principles of Adult Learning ‱ Thomas International 2011 - Sales Performance Study: A review of high- performing sales professionals in North America
  • 4. What is ‘Best in Class’? Aberdeen Study 970 end-user organizations:  87% average overall attainment of sales quota in the last measured year, compared with 49% among Industry Average firms and 4.0% within Laggard companies.  9.5% average year-over-year increase in average number of proposals, quotes or RFP responses delivered to customers/prospects,per sales rep, per month, versus a 2.2% Increase for Industry Average firms and 1.8% reduction among Laggards.  4.5% year-over-year increase in lead conversion rates (sales accepted lead to close), vs. 1.1% within Industry Average and 2.4% decrease for Laggard companies.
  • 5. What do ‘Best in Class’ do?  Provide Sales Managers customized training & content, distinct from that offered to sales representatives  Maintain a focus on frequent training activities for both sales reps and managers  Embed sales training content into both easily accessible knowledge repositories, as well as linking it to defined CRM sales stages  Ensure an aggressive approach to ongoing reinforcement and refreshment of sales training skills and content provided  Gain and retain executive-level sponsorship for sales training initiatives
  • 6. Proactive Sales Management Identify sub-set competencies – Managers can’t coach what they don’t know
  • 7. Coach the Coaches 52% of Sales Leaders believe one-on-one coaching is their No. 1 training tool – while only 24% of Sales Performers rate their manager’s one-on-one Coaching as effective.* Sales Leaders rate their coaching as the No. 1 tool for developing sales performers while 47% of sales performers rate their managers coaching as ‘Needs Improvement’** ‱ 67% of respondents stated they do over 90% of their sales calls without any management feedback ‱ 25% of respondents stated they receive 0 days of training/year. ‱ 62% of respondents stated they receive between 0-5 days of training/year. ‱ Conclusion: Sales Managers require training in contemporary Coaching Practices and need to spend more time in the field coaching!
  • 8. Best-in-Class Invest in Management Development to Demonstrate Significant Year-over-Year Success
  • 9. Sales Manager Business Pressures Besides the obvious ‘Meet my targets!’ there are important sub-set pressures most sales managers face. In each case, reps that are performing at peak significantly reduce the pressure on both the Manager and the Company In particular, prospecting for new business with both new accounts and cross-selling in existing accounts can make/break target acquisition
  • 10. Enabling Technology to Enhance Business Development CORE TRAINING FIELD PERFORMANCE CRM TRACKING COACHING ‱ Tracking of sales performers must include the ‘inputs’ (where in the sales process), as well as, the ‘outputs’ (results) ‱ Pro-active Sales Managers concentrate their coaching efforts on the ‘inputs’ - where does their rep need specific coaching... ‱ Tracking tools (paper & pencil, crm, etc.) are only as good as the data submitted. Therefore, input time and information must be kept to a minimum.
  • 11. Conclusions  To become ‘Best-in-Class’ (leading industry in Business Development performance indicators) requires Senior Management Committment  ‘Best-in-Class’ recognize the extraordinary importance of the Sales Manager role  Regular Field Coaching is critical to ongoing Sales Rep Development and use of proper business development skill sets  Field coaching needs to be ‘proactive’ vs. ‘reactive’  Sales performers are under-impressed with their manager’s coaching capabilities  Organizations that invest in training their Sales Managers and Reps have lower turnover - and subsequent higher performance  Using Technology (eg. CRM) will provide Sales Managers with proactive coaching priorities  Organizations need to tie their sales cycle content into their knowledge repositories
  • 12. QuotaÂź Coordinates QuotaÂź Head Office www.quotagame.com inquiry@quotagame.com . (905) 601-2880