AIIP holds its annual conference from April 2 – 6 this year in Baltimore, Maryland at the Hyatt Regency in the Inner Harbor. I will be giving a half day workshop from 8 am – Noon on April 2. The topic is elicitation skills with my corporate spin rather than the military intelligence angle. The talk is entitled, “How to Use Conversation to Optimize Data Collection.”
Compelligence recently introduced the Compelligence App which is the only competitive and market intelligence software that integrates seamlessly within Salesforce.com. It builds off the strengths of Salesforce.com in that it helps sales close more deals since it extends the reach of Salesforce.com to include data from the competitive marketplace. Armed with this information at their fingertips, account reps have even more time to sell.
When you rely solely on the Internet and social media as sources of intelligence, you just have your interpretation of what you think is going on. You perpetuate your blind spots, which we all have. That’s why I like to engage in conversation with others when I seek information for important things in my life. It’s a relief to me that leadership in America is stressing the importance of conversation. Perhaps there is some correction from the imbalance and overreliance of digital connections to provide us with the answers we seek in our personal and business lives.
How current is your intelligence on your competitors, your competitive environment, your customers, your suppliers, that is, on your entire corporate environment?
The key to success in communication to and from sales is to understand your company’s sales culture, and what might be fun and engaging for them to be cooperative in sharing what they learn in a timely manner. Go to where sales is to get them to engage. Many sales people travel extensively, so they have time in the car or airplane to write, tape or text about what they’re learning. They also value information from their peers. Maybe you can facilitate more sharing among peers, even informally. In my experience it takes a couple of years to get sales information to flow. You have to earn their trust to build that relationship.
Why is it that companies don’t want to disclose who they are in win loss interviews? Is it fear? Many feel if they don’t identify who they are, they’ll get a more objective interview. They are also afraid if they let the customer know who they are—especially when they lost the business—the customer won’t take the interview or if they do, they won’t tell much. A third common reason is they don’t want their sales force to know that they’re conducting these interviews since some of the questions assess the effectiveness and quality of the sales force.
I have found that transparency is a win/win for customers and the company in win loss analysis interviewing. It’s the ultimate in cooperative intelligence and promotes sharing.
I realize how much choice I have for just about everything I do in life, especially how I spend my time. The same thing is true when I conduct an interview to gather information to help clients make important strategic or tactical decisions or conduct a coaching session. How do I realize choice when interviewing?
Follow these 7 steps and you will be prepared for a choice conversation, that is you will have the choice to direct the conversation flow, since unlike the person you’re interviewing, you will be in the zone to maximize your collection during this conversation.
A week ago I delivered an IntelCollab webinar on win loss analysis, and have now posted my win loss analysis slides on my Slideshare account. At the conclusion we had time for a goodly number of questions, which I have recapped below. For those who are unfamiliar with win loss analysis, it is the process of interviewing customers and non customers, usually over the telephone, as to why they chose to do business with you or another service provider. You tally up the results of these telephone interviews, and provide quantitative and qualitative analysis based on what you learned from the interviews. It is my favorite tactical competitive intelligence practice since you learn so much from these short interviews, much of which you can take action on almost immediately.
Join us, Arik Johnson and me, Ellen Naylor, for an informative webinar on the how to behind win loss analysis. Win/loss interviews and analysis, are still one of my favorite tactical collection techniques. This is a low cost form of primary collection which always provides a high return for improving your company’s bottom line. Who better than your customers and those who decided on a competitor to tell you what you are doing well and what you need to change?
While competitive intelligence is not a kind business function, it is a necessary one, and we can be kind people when we bring cooperative intelligence practices into our work. Cooperative intelligence is kindness: you give without an expectation of something in return. People realize that you genuinely want to help them in their work. After all, competitive intelligence is a support function. You need to keep giving, and eventually those in your network of contacts will support you by sharing great tidbits on the competitive environment since your giving is infectious, and they just can’t help themselves. People are attracted to you by your good example of producing the goods they need and your giving attitude.