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The Critical Importance of the CEO playing a Role in Business Development

  1. Take Actionable StepsTowards Sustainable Growth The Critical Importance of the CEO or Business Owner playing an integral role in Sales Development By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com 866-816-0991 Business Owners: Request your Free CEO Sales Barrier Info Kit Visit http://www.peakperformancesalestraining.com/CEOSolutions/CEOToolKit
  2. This management tip focuses on why Business Owners often fail to implement the change necessary to drive their companies forward. In this Tip we focus on some of the major errors that lead to failure in implementing and enforcing the steps necessary to grow your company. The first most obvious error that most Business Owners make is that they fail to recognize when they need to change. In other words they fail to acknowledge market conditions, lackluster sales performance or human resource issues, among other things that signal that change is a necessary component to achieving growth. However it is usually not this first error that holds companies back but the second management error: Upon recognizing the need to change they fail to take action and commit to staying the course and navigating through change, as such keeping their companies stuck on a plateau. In the sales arena these mistakes usually manifest as follows: By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com 866-816-0991 The Critical Importance of the CEO or Business Owner playing an integral role in Sales Development
  3. Management Complacency: Management does not establish a great enough sense of urgency for new business development. Instead of implementing change they hope that a change in results will occur by itself. Sales inefficiency or sales decay, often are the result of several factors that occur over time. Unfortunately, many Business Owners do not develop a sense of urgency until things have gotten out of hand. For example, when making a new hire, the employer has an optimistic outlook on the new hire’s performance that lingers for several months. Often this outlook lingers in the face of diminished performance until the employee perceives his or her inadequate performance as being their expected level of production. While this transformation in expected performance is evolving in the new hire, the business owner or manager is under the impression that he or she is expanding the sales team when in fact both parties are compounding an existing problem: Sales team complacency. By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com Mistake Number One 866-816-0991
  4. Sales team complacency is the result of two key factors: 1. business owner or manager who runs their business through hope and optimism. 2. This type of manager hires optimistic sales people with the attitude of wanting to move mountains but who soon settle into an attitude of hoping to meet quota. 3. The optimistic manager hopes that change will take place instead of implementing change—change in himself or herself, change in the sales system, or change in how they hold their team accountable. Before they know it the optimistic manager must suffer from a team of underachievers running the company and they are forced to take drastic actions to rectify the problem. Change must take place prior to the problem getting out of hand By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com Sales Team Complacency 866-816-0991
  5. By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com Sales Team Complacency 866-816-0991 Mistake Number Two: Failure to Prioritize Sales as the Primary Initiative Although every manager or business owner desires to increase sales performance and productivity they fail to articulate this desire as a priority. Everything takes precedence over sales: marketing, accounting, product development, and so on. But what could be more important than identifying and removing the common obstacles to sales success and the growth of your business? When speaking to Business Owners, we see a common denominator present in many: Because of their numerous time-consuming responsibilities they tend to repeatedly perform comfort zone activities. It is uncomfortable and risky to attempt to change the mindset and routines of their sales team. Driving people out of a non- productive comfort zone is stressful. They too often become paralyzed with the downside possibilities and fail to do what is most important for themselves and their company, to drive sales productivity! In other words they have begun the process of allowing their sales team to manage, management!
  6. By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com Letting Past Success Block Future Performance 866-816-0991 Mistake Number Three: Letting Past Success Block Future Performance Another reason for sales team complacency is that Senior Management will often accept excuses from sales people who have been successful in the past. It is usually those previously successful sales people who are most resistant to change—despite the fact that their past success may have occurred some time ago and been more the result of positive market conditions rather than stellar sales ability. It is also the business owner or sales manager who has experienced significant growth in the past who often defers realizing that change is essential to repeat that past success.
  7. By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com Take Actionable Steps 866-816-0991 To make top line growth a primary initiative management must first engage in a brutally frank discussion regarding potentially disturbing facts such as. -Shrinking margins, - Client decay, - Limited success in developing new accounts, - Limited success in penetrating existing accounts - Poor lead conversion Business Owners call us Direct at 866-816-0991 to discuss viable options or Request Free Information by visiting http://www.peakperformancesalestraining.com/Contact/RequestInformation
  8. By Peak Performance Training and Development A Leader in CEO, Sales and Sales Management Training www.peakperformancesalestraining.com Case Study 866-816-0991 Case Study on Clearly defined Objectives: FeDex® is known for “absolutely, positively” having packages arrive overnight, without question! In New York a FedEx truck broke down towards the end of the day and the replacement truck was running late. The driver initially resorted to running a few packages on foot. At the point of inevitable failure, this driver flagged down a competitor driving through the city and convinced the driver to take her to her last few stops. This story is a tangible demonstration of a company’s commitment to achieving goals and a complete understanding of the communication between management and the team responsible for carrying out the company’s objectives! The goal was not to drive a particular route each day. The goal was to ensure results.
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