By Rasha Abd Al Rehim How is your market? Price quotation Customer Access to information Margin premium Account share Independent market threaten your relationship Loosing complex account Difficult access to decision makers Competition outspending When the price is not theonly factor Hidden services ,needs custom appreciate Value proposition Strategic partner Consultative Value creation Price sensitivity Sales cost strategic Account management transactional Product sales competitors Customer, industry Customer profile Gathering information Analyze information company Position assessment Develop account strategy Objectives and action plan Targeting process Optimal account Optimal need Account need criteria Ranking criteria against reality Targeting process Attractiveness of the account High Invest Hold Divest Low Ability to serve High Managing key account aggregate needs Satisfying the aggregate needs of DMU 4 types of Customer Needs Economic buyers Strategic buyers Technical buyers The coach Cost effective What cost ? Authority release funds Credibility guarantee on safety Details References Regular follow-up Who used it before ego Credibility on brand image Who own the vision? The coach Patient satisfaction Trust Travelling Advisor Who? Typical responsibilities of the account manager include: Building and maintaining strong, long-lasting customer relationships Forecasting and tracking key account metrics Identifying and growing opportunities within territory and collaborate with sales teams to ensure growth attainment What is KAM? Key account management is a strategic business approach with the objective of ensuring long-term and sustainable business development through profitable partnerships with strategically important customers Personnel success factors Technical export Relationship management Result driven Innovator Key Account Challenges Key Account Challenges Key account plan Define the business objective Conduct a swot analysis,competitor analysis Identify strategic opportunities Evaluate strategic alternatives Establish specfic objectives and allocate resources Develop plan of actions to implement strategy Evaluate performance Value delivery and cost of ownership Price Fear Uncertainty and Doubt How customer relationships evolve Courtship Engagement Wedlock Honeymoon Customer life cycle courtship wedlock engagement honey moon