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Here is a recap of Scott Leeb’s presentation, “CI Guerilla Warfare: Winning the Hearts and Minds of Senior Leadership.” 5 major tips to connect with executives: Mind Your Ps and Qs; Recognize the Differences; Pick and Maintain a Voice; Be a Salesperson; and Provide Insights.
While Win Loss is a relationship business, like all business processes, it continues to evolve. What are your best practices in there two areas: Monetary Compensation to those you interview for a win or loss AND Recording Win Loss Interviews. Please share with me in the comments section of this blog or email me at ellen at thebisource.com.
Here are some insightful articles related to competitive intelligence and customer intelligence. Emotional Intelligence: Cult or Competitive Advantage? How to Build a Culture of Givers: 4 Tips; Employers Want Critical Thinkers, But Do They Know What It Means? 10 Great Questions Product Managers Should Ask Customers
I have had the pleasure of interviewing two impressive Directors of Win Loss programs. Both work for large companies that have done win loss analysis for a long while. Both emphasized the importance of company culture in how they set up their win loss programs; how they conduct win loss interviews—both internally and with customers—and how they write up the win loss analysis.
Win Loss is a Cooperative Relationship Business: You need to treat people the way they like to be treated throughout the process. It starts with soliciting feedback for the win loss questions from multiple people in relevant departments such as sales, marketing, product management, PR and executives. The next touch point is the internal interviews you conduct before reaching out to customers. With the customer, you want to engage early and frequently throughout the sales process. Remember that the recommendations you make at the conclusion of your win loss report can impact people’s jobs. Be sensitive to company politics and face saving in your loss reports.
I have been conducting win loss analysis for 25 years, and have wondered how stress affects decision-making. According to Stephen W Martin, Sales’ biggest enemy is not the competition: it’s “no decision.” Customers are afraid to make decisions due to the stress of buying. They are seldom sure they are purchasing the right product or solution, and there are often naysayers in their organizations who are against moving forward. Customers increasingly don’t make a purchase even after a thorough evaluation. They feel too overwhelmed with information and contradicting evidence to make a decision, and it doesn’t help that there is little product differentiation around the basic features, functions and benefits among the competitors.
We walk around with an illusion that what we are now is what we will be in the future. Harvard Psychologist Dan Gilbert raises the concept that the person you are right now is a transient being and explains how time transforms preferences, values and personalities. Source Interesting talk in that many of us think we aren’t changing when we …
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