Sales Productivity Benchmark · Sales Productivity Benchmark . 2 Generates improvement...
Transcript of Sales Productivity Benchmark · Sales Productivity Benchmark . 2 Generates improvement...
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Sales Productivity Benchmark
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Generates improvement recommendations
Uses diagnostic techniques and empirical data to improve accuracy of assessment
Relies on best practices for means to close sales gaps
What is it? Environmental Scan of Sales
Reveals strength and weakness areas
Identifies best return for sales effort
Provides sales benchmarks against relevant peers
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YOURLOGO 3
Sales Force Assessment Framework
Channels Determine optimal route to market
Develop Go-to-Market
Plan 2
Sales Force Structure Organizational model effectiveness vs. efficiency
Sales Force Size Match selling capacity to market demand
Design Sales Force 3
Sales Infrastructure Create performance conditions for optimal results
Build Infrastructure 4
Account Segmentation Segment accounts by Ideal Customer Profile
Lead Management Generate MQL/SQL/SAL
Sales Process Map customer/prospect buying process to custom built sales process
Develop Sales
Strategy
STEP
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Phase 1
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Exec Interviews CEO / CFO / CSO / CMO
Day in the Life of (DILO) reviews
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Customer Survey Findings (Trust)
Q#10: When you buy these types of services, where do you place your trust?
Takeaway • MORE economic buyers place their trust in the rep
• The company itself is of little importance to the decision maker or user
• Services (offering + maintenance) are what user buyers primarily trust
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Q#17: How often do you communicate with your sales representative?
Takeaway • The communication frequency is surprisingly low for a community of buyers who
desire F2F interaction with their vendor
• Over 50% of EBs communicated with their reps quarterly or LESS frequently
Customer Survey Findings (Frequency)
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Q#16: Which method of engagement do you prefer with your sales rep?
Takeaway • Established customers prefer F2F interaction, even for follow-on procurements
Customer Survey Findings (Mode)
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#3: Within your existing accounts how many accounts have bought from you within the last 18 months?
Takeaway • Increased acct mgmt activity supports increased customer value; closing the
gap of 24% between Acme Inc. & WC
Sales Rep Survey
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Sales Rep Time Study
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Phase 2
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Sales Management Maturity Model
Level 1: Chaos
- Ad Hoc Efforts - Ill-defined processes - Unpredictable result
Level 2: Defined
- Documented Process - Not fully adopted - Some Repeatability - Varied Success - Limited Perf Tracking
Level 3: Reportable
- Adopted Processes - Behavior changing - Limited Predictability - Lagging Indicators
Level 4: Managed
- Leading Indicators - Early Problem Detection - Best Practices - Continuous Improvement begins
Level 5: Predictable
- Predictable Results - Change tolerant - Exceed World-Class - External Benchmark
Maturity
Capability
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Phase 2 Best Practices Artifacts
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Phase 3
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Recommendation: 4 focus areas
Deg
ree o
f D
iffi
cu
lty
Moderate
High
Very
High
Medium Low High
Phase 3
Phase 2
Sales
Process
Phase 1
Value
Lead
Management
Sales Manager
Assessment
Sales Force
Sizing
Org Change
Management
Compensation
Sales Mgr and
Sales Rep
Talent Dev
Sales
Performance
Management
Channel
Optimization
Focus Area
Key Account
Management
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Action Plan
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Assessment Summary Diagnosis:
• 24 metric benchmark
• 3 Day in the Life of (DILO) sales rep ride-alongs
• Sales rep survey
• Customer Survey
• 6 face-to-face executive interviews
• Mystery Shop sales team and (3) competitors
• Documentation review
• Expert panel
Output:
• Capture current state
• Show end state possibilities
• Make Recommendations
• Quantify impact
Duration: 6-10 weeks
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