Flinn Associates

 
Flinn Associates Vermont Business Consulting Sales Performance Management Organization Development Performance Development Leadership Development Success Strategies

Sales Performance Management

 

 

Sales Performance Management


Basis of the Sales Performance Management System

Belief # 1
Most organizations lack an effective sales system that would create synergy between the wants of the organization, the requirements of the customer, and the needs of the individual.

Belief #2
The most effective sales teams are driven by specific and measurable sales plans.
   • Target accounts – the who.
   • Target products – the what.
   • Territory / time management – the how often.

Belief #3
The top performing sales people consistently know more about their customers than their
competitors do.
   • True partnerships develop, making it virtually impossible for the competition to become a
      factor or a threat.

Belief #4
It is management's responsibility to serve the needs of the employee.
   • Understanding the needs of the employee, and adapting ones management style to meet
      those needs will dramatically improve performance.

Belief #5
The best solutions to any problem are found within.
   • Our process helps surface specific issues, understand the root cause, and assists in creating
      the solution, which results in a measurable improvement in productivity and profitability.


Sales Performance Management

The sales performance management process is focused on three areas of need:
   1. The Organization.
   2. The Sales Strategysatisfying the needs of the customer.
   3. The Individual.

   1. The Organization
       • Strategic growth planning focused on products, services, and markets.
       • Avoid the trap believing old ideas will succeed in a new market.
         - Albert Einstein stated, “Insanity is doing the same thing over and over and expecting
           different results.”

       • Creating a clear vision of success is a strategy most organizations do not utilize to its full potential.
       • John Kotter in his book,
Leading Change (HBSP 1996) describes six characteristics of an          
          effective vision:**
         - “Imaginable: Conveys a picture of the future.”
         - “Desirable: Appeals to the long term interests of all stakeholders.”
         - “Feasible: Comprises realistic, attainable goals.”
         - “Focused: Is clear enough to provide guidance in decision making.”
         - “Flexible: Is general enough to allow initiative and alternative responses in light of
            changing conditions.”
         - “Communicable: Is easy to communicate; can be successfully explained within five minutes.”
       • To know in advance what success will look like. It may be based upon:
         - Sales volume increases.
         - Gross profit benchmarks.
         - New accounts.
         - New products or services introduced.
         - Sales territory effectiveness / performance.

   2. We want to know, how does our sales strategy satisfy the needs of the customer?
       • Customer development strategies.
         - Who?
         - Where?
         - Why?
         - Sales process analysis – reverse engineering of the sales process.
       • Processes, systems, infrastructure, policies, and practices.
       • Where is the pain – from the customers view?

   3. The needs of the individual.
       • Skill development.
       • Measurable improvements.
       • Clarification of the role.
       • Knowing what is expected; the employee’s and the manager’s expectations must be in alignment.
       • Leadership development – one-on-one coaching.

       ** Kotter, John, Leading Change, Harvard Business School Press, Boston, MA 1996.

 
Flinn Associates

 

177 Cilley Hill Road • Jericho, VT 05465 • 802.899.4163 • 802.899.3330 (fax)
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