Sales Force Productivity Conference 2014 15-17 September, Atlanta, Georgia Sales Force Enablement Best Practices and Emerging Trends Tamara Schenk Research Director MHI Research Institute at MHI Global Proprietary & Confidential Copyright 2008-2014 2014 Sales Force Productivity Conference Sales Force Enablement Best Practices and Emerging Trends September 17, 2014 Tamara Schenk © MHI Global. All Rights Reserved. 2 51% of those achieving forecast spend more than $1,000 per person in sales enablement 29% 30% 27% 24% 25% 19% 20% 21% 20% 15% Forecast <100% 15% 12% Forecast +100% 10% 10% 10% 8% 6% 5% 0% Don't know Less than $500 $501 to $1,000 $1,001 to $2,000 Source: 2014 MHI Research Institute Sales Performance and Productivity Study ©Copyright 2014 MHI Global. All Rights Reserved. $2,001 to $5,000 More than $5,000 New Sales Enablement Data 2014 MHI Sales Performance and Productivity Study Tamara Schenk Research Director MHI Research Institute @tamaraschenk Sales Force Enablement Foundation 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. From chaos to structure: The MHI Sales Force Enablement Master Framework Your take-aways “Inability to Communicate Value Messages” remains top challenge in 2014 100% 90% 22% 25% 80% 70% Inability to communicate value messages Inability to attract new clients 15% 16% More complex buying 60% 19% 50% 15% Competition/Pricing Internal admin challenges 40% 30% 22% 14% Other 10% 20% 10% 0% 10% 8% 5% 3% 3% 2% 7% 3% 2% 2013 2014 Source: 2014 MHI Research Institute Sales Performance and Productivity Study ©Copyright 2014 MHI Global. All Rights Reserved. Inability to expand in existing accounts Too many products to sell Turnover Those forecasting to (over)achieve plan have a broader scope of Sales Enablement Sales Skill Training Customer Mgmt Training 55% Product Training 52% 63% 63% 58% Client facing content 50% 51% 51% Internal Content Tools & Tech. Training 37% Product Launch Programs 40% 32% Onboarding Programs Others 65% 58% 25% 3% 3% Source: 2014 MHI Research Institute Sales Performance and Productivity Study ©Copyright 2014 MHI Global. All Rights Reserved. 36% 49% Forecast > 100% Forecast <100% Skills & Competencies Sales Training Transformation Productivity Effectiveness Sales Content Playbooks Performance Revenue Growth 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. "The main thing is to keep the main thing the main thing." Stephen Covey Entire customer's journey with the entire stakeholder network At each stage ©Copyright 2014 MHI Global. All Rights Reserved. At all levels Customer's Journey Awareness Need to change Define Situation Buying Evaluate Options Select Best Implementation & Adoption Implement Enablement Services for Sales Professionals Coaching Services for Frontline Sales Managers ©Copyright 2014 MHI Global. All Rights Reserved. Miller Heiman Research Institute Research Note: Sales Enablement – Customer Core Assess Value Frameworks… provide a supporting structure, covering several dimensions and a set of ideas provide a visual aid to better understand and to easily navigate complex environments are designed with one core principle: Simplicity ©Copyright 2014 MHI Global. All Rights Reserved. Customer's Journey People, Performance Change/ Adoption powered by Sales Leadership Vision & Strategy Charter Cross-functional Collaboration Enablement Operations Principles, Processes Enablement Services powered by technology Integrated Value Creation Process ©Copyright 2014 MHI Global. All Rights Reserved. Miller Heiman Research Institute Research Note: Sales Force Enablement – Master Framework Customer‘s Journey Need to change Focus Principle Scope Sales Pro‘s Scope FSM‘s Define Situation Change & Situation Evaluate Options Select Best Results & Wins Implement Assess Value Value Perception Providing Perspectives Future Vision of Success Best Buying Vision Own Outcome Increase Value Business Awareness - Skills, Knowledge, Strategies, Expertise Coaching Framework for FSMs Content & Training Content & Training Content & Training Context & Concepts Decision Dynamics Value Dynamics Services ©Copyright 2014 MHI Global. All Rights Reserved. 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. Sales Force Enablement Enabling the sales force “muscles” Sales Operations Shaping the sales system “skeleton” ©Copyright 2014 MHI Global. All Rights Reserved. Miller Heiman Research Institute Research Note: Sales Operations – Partner for Sales Enablement 6 5 Measure results Drive reinforcement and change Map strategy to execution 1 Create charter and change Story 2 Successful Adoption 4 Build business awareness Develop FSMs Rollout Enablement Services ©Copyright 2014 MHI Global. All Rights Reserved. 3 Business Impact Data shows that those who achieve plans invest more in sales enablement than others Customers at the Core One design point: customer’s journey Use customer core framework to navigate complexity Enablement Services Tailor enablement services along customer’s journey Align content, messaging and training ©Copyright 2014 MHI Global. All Rights Reserved. Customer Core Front Line Sales Managers Sales Operations Integrated Services Design Scope Foundation Collaboration Contact us - The MHI Research Institute! We are happy to help YOU! tschenk@millerheiman.com ©Copyright 2014 MHI Global. All Rights Reserved. The largest ongoing global study of complex B2B sales management and selling activities Analysis identifies attributes of World-Class Sales Performance Data is the basis of research services, benchmarking company performance to World-Class Sales Performance 2015 MHI Global Sales Best Practices Study open through November 30th www.millerheiman.com/research 2014 Study: 1,100+ responses, 15 verticals ©Copyright 2014 MHI Global. All Rights Reserved. Respondents have access to results via Executive Summary and exclusive participant webinar. 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. Sales Force Enablement Best Practices and Emerging Trends September 17, 2014 Tamara Schenk Sales Force Productivity Conference 2014 15-17 September, Atlanta, Georgia Thank you! 22