Sales Management Association Webcast Sales Force Enablement: Best Practices and Emerging Trends 3 December 2014 Presented by © Copyright 2014 The Sales Management Association. About The Sales Management Association A global, cross-industry professional association for sales operations and sales management. Focused in providing research, case studies, training, peer networking, and professional development to our membership. Fostering a community of thought-leaders, service providers, academics, and practitioners. Learn More: www.salesmanagement.org © 2014 The Sales Management Association. All rights reserved. Slide 2 Today’s Panelists #SalesEnablement © 2014 The Sales Management Association. All rights reserved. Slide 3 #SalesEnablement Sales Management Association Webcast Sales Force Enablement: Best Practices and Emerging Trends 3 December 2014 Presented by © Copyright 2014 The Sales Management Association. “Inability to Communicate Value Messages” remains top challenge in 2014 Source: 2014 MHI Research Institute Sales Performance and Productivity Study ©Copyright 2014 MHI Global. All Rights Reserved. Process, skill ands competencies top; followed by product knowledge, market and competitive intelligence 90% 88% 66% 92% Improve process, skills or competency training 93% 91% Improve product knowledge and market competitive intelligence Change coverage model 77% 81% 95% 72% 76% 52% 75% 75% 67% 74% 66% 46% 57% 62% 2012 2013 2014 54% ©Copyright 2014 MHI Global. All Rights Reserved. 2014 MHI Research Institute Sales Performance & Productivity Study Miller Heiman Sales Performance and Productivity Study 2013 Miller Heiman Sales Performance and Productivity Study 2012 Change compensation and quota strategy Deploy new CRM system Deploy dedicated sales manager training and development Deploy new sales productivity applications New Sales Enablement Data 2014 MHI Sales Performance and Productivity Study Tamara Schenk Research Director MHI Research Institute @tamaraschenk http://www.linkedin.com/in/tamaraschenk tschenk@millerheiman.com 2005-2013: T-Systems International GmbH: VP Sales Enablement & Transformation Senior Manager Sales Enablement Head of Business Development Utilities 2001-2005: Managing Consultant, Detecon Sales & Delivery 1999-2001: Diebold: Senior Consultant: Sales & Delivery 1998-1999: Ratio Ltd. Overseas Division Project Manager, Sweden 1992-1998: Rausch + Partner (own company): Sales & Delivery ©Copyright 2014 MHI Global. All Rights Reserved. Sales Force Enablement Foundation: Customer Core Front Line Sales Managers Foundation in Sales Ops Integrated Services Your take-aways 51% of those achieving forecast spend more than $1,000 per person in sales enablement Source: 2014 MHI Research Institute Sales Performance and Productivity Study ©Copyright 2014 MHI Global. All Rights Reserved. Those forecasting to (over)achieve plan have a broader scope of Sales Enablement Source: 2014 MHI Research Institute Sales Performance and Productivity Study ©Copyright 2014 MHI Global. All Rights Reserved. Marketing has three times more responsibility for Sales Enablement in 2014 than in 2013 Sales Marketing Operations Products HR 0% 20% 40% 2013 © Miller Heiman , Inc. AllAllRights ©Copyright 2014 MHI Global. RightsReserved. Reserved. 60% 80% 100% 2014 2014 MHI Research Institute Sales Performance & Productivity Study Miller Heiman Sales Performance and Productivity Study 2013 10 Skills & Competencies Sales Training Transformation Productivity Effectiveness Sales Content Field Readiness Playbooks Revenue Growth Performance Messaging What‘s missing? ©Copyright 2014 MHI Global. All Rights Reserved. Technology The customer… "We cannot solve our problems with the same thinking we used when we created them." Albert Einstein [1879 – 1955] ©Copyright 2014 MHI Global. All Rights Reserved. Customer Core Frontline Sales Managers Sales Operations Integrated Services Design Scope Foundation Collaboration ©Copyright 2014 MHI Global. All Rights Reserved. MHI Research Institute Research Note: Sales Enablement – Getting To The Next Level "The main thing is to keep the main thing the main thing." Stephen Covey ©Copyright 2014 MHI Global. All Rights Reserved. Entire customer's journey with the entire stakeholder network At each stage At all levels Customer's Journey Awareness Need to change Gate 1 Define Situation Gate 2 Future Vision established? Implementation & Adoption Buying Evaluate Options Gate 3 Select Best Gate 4 Best buying option? Won? Implement Gate 5 Assess Value Gate 6 New challenges Shared goals, strategies, processes and technology ©Copyright 2014 MHI Global. All Rights Reserved. Customer's Journey Awareness Need to change Define Situation Buying Evaluate Options Select Best Implementation & Adoption Implement Enablement Services for Sales Professionals Competencies, Knowledge, Strategies, Expertise Coaching Services for Frontline Sales Managers ©Copyright 2014 MHI Global. All Rights Reserved. MHI Research Institute Research Note: Sales Enablement – Customer Core Assess Value Every piece of content requires at least a "how to use" training No sales training without content Source: lucaforni.com ©Copyright 2014 MHI Global. All Rights Reserved. Customer‘s Journey Need to Change Focus Define Situation Change & Situation Select Best Results & Wins Implement Assess Value Value Perception Providing Perspectives Principle Future Vision of Success Scope Sales Pros Scope FSMs* Evaluate Options Best Buying Vision Own Outcome Increase Value Business Awareness - Skills, Knowledge, Strategies, Expertise Coaching Framework and Guidelines Content & Training Content & Training Content & Training Context & Concepts Decision Dynamics Value Dynamics Services FSM = Frontline Sales Managers ©Copyright 2014 MHI Global. All Rights Reserved. Sales Force Enablement Enabling the sales force Sales Operations Shaping the sales system ©Copyright 2014 MHI Global. All Rights Reserved. MHI Research Institute Research Note: Sales Operations – Partner for Sales Enablement Source: Shutterstock Enablement Operations = Production process + collaboration model ©Copyright 2014 MHI Global. All Rights Reserved. MHI Research Institute Research Note: Enablement Operations – Cross-Functional Collaboration Business Impact Data shows that those who achieve plans invest more in sales enablement than others But it has to be done the right way Customers at the Core One design point: The customers Map customer’s journey back to your internal process landscape Enablement Services Tailor services along the customer’s journey Develop coaching services for the frontline sales managers ©Copyright 2014 MHI Global. All Rights Reserved. MHI Sales Best Practices Study Are you focusing on the behaviors that lead to World-Class Sales Performance? Each year, the MHI Research Institute identifies the behaviors that lead to World-Class Sales Performance through analysis of the MHI Sales Best Practices Study. Join the Study, Get the Results www.mhiglobal.com/2015study Open through November 30 As a participant you will receive: Immediate access to our report Perspectives on Productivity: The Next Level of Transparency, with insights from our research on how B2B sales leaders are driving sales performance and productivity. First access to the comprehensive Study results in Q1 – timely business intelligence you can apply to your sales strategy to give you a competitive edge. ©Copyright 2014 MHI Global. All Rights Reserved. MHI Research Institute is a research organization dedicated to improving the performance and productivity of complex B2B sales organizations, providing strategic analysis and decision making support for leaders that develop and execute sales strategies. We measure, research and analyze the attributes, behaviors and strategies that drive World-Class MHI Global Sales System® ©Copyright 2014 MHI Global. All Rights Reserved. Sales Performance. • Third annual survey from MHI Research Institute, companion to the annual MHI Global Sales Best Practices Study • Results reveal investment and priorities in the areas of sales operations, enablement, training and technology. • 432 participants globally with a diverse representation of sales force size, regions and roles.* Region Sales Force Size 21% Roles 17% 25% 59% 20% 21% 11% 19% 64% 11% >100 100-499 500+ Americas APAC EMEA *51% of respondents were from top management levels in Sales and Operations ©Copyright 2014 MHI Global. All Rights Reserved. 20% 12% Executive/Leadership Sales Leadership Sales Ops Frontline Sales Manager Frontline Sales or Account Manager Other Questions and Discussion #SalesEnablement If the customer is missing from sales enablement, how can firms incorporate their input? For example, who should collects this information? © 2014 The Sales Management Association. All rights reserved. Slide 25 Questions and Discussion #SalesEnablement What makes a good sales enablement manager? What individual competencies are important for these jobs? © 2014 The Sales Management Association. All rights reserved. Slide 26 Questions and Discussion #SalesEnablement What is the difference between sales enablement and sales operations? Is there anything special about the term and the way you see it working in firms (sales enablement) that is especially important to call out © 2014 The Sales Management Association. All rights reserved. Slide 27 Questions and Discussion #SalesEnablement There is quite a bit of investment in sales training across industries. How challenging is it to link sales performance to coaching or training impact? What suggestions might you have? © 2014 The Sales Management Association. All rights reserved. Slide 28 Questions and Discussion #SalesEnablement How many companies perform a integrated and holistic approach with objectives identified well in advance. In your experience, what portion of firms do that well? © 2014 The Sales Management Association. All rights reserved. Slide 29 Questions and Discussion #SalesEnablement Which metrics represent the best measures of successful sales enablement? © 2014 The Sales Management Association. All rights reserved. Slide 30 Questions and Discussion #SalesEnablement Do you have any rules of thumb, whether to build or buy a sales enablement capability? © 2014 The Sales Management Association. All rights reserved. Slide 31 Thank You. © Copyright 2014 The Sales Management Association These Slides Are For SMA Staff Use Create a business card graphic for a presenter. Here’s how: 1. 2. 3. You’ll need the information we requested from them in slide 9 above. Create one card per presenter. Replace the name, title, organization name, email (if submitted) in one of the graphics at right with that of the presenter’s. Bob Kelly Chairman The Sales Management Association © 2014 Yourco, Inc. Used with permission by The Sales Management Association. All rights reserved. Slide 33