20 Reasons to Do Win Loss Analysis

I thought that you would only gain benefit if you conducted win/loss interviews quarterly, but I found out that you can learn so much, even from 20-25 interviews. I hope to share this skill in my book so small and mid-size companies can take advantage of what they can learn from more in-depth interviews with customers and prospects a couple of months after the sales event.

Honoring Maya Angelou

The world has lost one of our greatest women this week, Maya Angelou. She has impacted my life with her statements, particularly this one. “I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” Thank you Dr. Maya Angelou

Is Mindset Block a Lack of Listening?

I read two great blogs in the last couple of weeks: David Harkelroad’s which asserted that the biggest problem in strategy is mindset; and an HBR blog on “What Gets in the Way of Listening?” I think they are related since if you truly listen, you are open to having your mind changed. I am curious as to how others deal with their leadership’s lack of listening ears? I know as a telephone interviewer that there are not enough listening ears and that job disengagement in the US is around 70%, so if they answer their phone, they are likely to be informative.

From Competitive Intelligence to Sales Enablement: Free Webinar

Join us (Ellen Naylor, Business Intelligence Source; Mitch Emerson, Compelligence; Dean Davison, Forrester Research) for a free 45 minute webinar, “From Competitive Intelligence Collection to Sales Enablement,” on April 22, 2014 at Noon Eastern US. Learn how to collect more effectively from your sales force; how to transform that data into competitive intelligence that Sales can tap into for each deal; and how to hold conversations with customers in ways that resonate with them and engage them to buy.

Motivation: Treat Them the Way They Want to Be Treated

I am most fascinated by what motivates people to share, and how to figure this out quickly, especially during a telephone conversation where you don’t have the benefit of body language. Contrary to what I have been taught: “Do not treat others like you would want to be treated.” Treat them the way THEY want to be treated.
I have applied Johari’s model to classifying those we talk to in the collection process. It’s helpful to be aware of their pre-disposition towards sharing versus what they know. My classifications are: Egocentric; Deeply Knowledgeable; Intellectual and Helpers.

Learn Elicitation Skills at AIIP in Baltimore, Apr 2: 8 – Noon

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.”

Competitive Intelligence Software Integrated into Salesforce.com

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.

Benefit from Analog Communication aka Conversation

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 often?

How current is your intelligence on your competitors, your competitive environment, your customers, your suppliers, that is, on your entire corporate environment?

How to Incent Sales to Share Competitive Intelligence

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.