Account Strategy for Major Sales
Course
In Wentworth
Description
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Type
Workshop
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Location
Wentworth
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Duration
4 Days
Understand and be able to explain the psychology of the customer team's decision making process in complex, major sales. -be able to plan and execute a penetration strategy for major accounts. -have the skills to uncover and develop the customer's decision criteria, analyse competitive offerings and influence the decision criteria to their advantage or make strategic no-go decisions. -understand customer concerns about risk and be able to iden ify such concerns and help resolve them to the customer's satisfaction. (.). Suitable for: Sales managers, account managers, sales executives and any other specialists tasked with the management of long-cycle sales involving multiple influencers/decisionmakers, strong competitive activity and a perceived risk for the customers of making a wrong decision.
Facilities
Location
Start date
Start date
Reviews
Course programme
Programme content
The Buying Cycle
• The psychological phases of complex, comparative buying behaviour.
Account entry strategy – how to find and use the:
• focus of Receptivity
• focus of Dissatisfaction
• focus of Power.
Buying criteria
• Principles of competitive advantage – macro and micro, hard and soft differentiators.
• Decision guidelines – how customers evaluate competitive offerings.
• How to influence decision guidelines in your favour.
Customer concerns about risk
• Why sales stall close to the decision.
• Why selling skills don't help.
• How to resolve concerns to your advantage.
Implementation
• The 'motivation dip' and why it happens.
• Strategies to avoid motivation dip.
Account development
• Pro-active strategies to maintain your dominant position and handle competition.
• Building the long-term partnership.
Training design and methodology
This programme teaches a combination of strategic concepts, planning processes and skills. Its overriding objective is to ensure that trainees improve their effectiveness by integrating research theory into their real life selling strategy.
To achieve this the programme is structured as a workshop. Teams compete to make a major sale to a simulated key account. As the major concepts, processes or skills are introduced, trainees have to apply them to the simulation, make tactical decisions and roleplay with members of the simulated 'buying team'. They then receive objective feedback and evaluation of their performance.
After each key phase of the workshop, trainees apply their learning to create a strategic real-case campaign, which is formally presented to the trainers (and/or the trainees' own senior managers) on the last afternoon of the programme.
Materials
There are a number of exercises to consolidate learning, plus a library of user-friendly reference material giving detailed explanation of key concepts.
Trainees also receive 'The Toolbox', a system to help them devise, execute and monitor their campaign strategies for both the simulation and real cases.
Achieving maximum impact
In addition to skills and strategies described above, Account Strategy for Major Sales provides a process for major account management. Unless this process is customised and integrated into existing processes, and unless Sales Management actively supports it, ASMS can be no more than a high quality training course. We therefore seek the opportunity to work with senior managers before implementation to ensure that productive and sustained change can be achieved.
Additional information
Account Strategy for Major Sales