Book details

  • Genre:business & economics
  • Sub-genre:Sales & Selling / General
  • Language:English
  • Series Title:Raise the Bar. Step Up.
  • Series Number:2
  • Pages:224
  • Paperback ISBN:9798995778424

Raise the Bar. Step Up.

Own the Account: Strategic Account Planning and Management

By Ken Powell

Overview


You can win the deal and still lose the account. A clean pursuit, a signed contract, a rung bell, and 2 years later a competitor has the next project, a new executive has her own preferences, and the renewal shrinks. The deal was won. The account was lost. Nobody was measuring the relationship, so nobody saw it slipping away. This book fixes that. It answers the 5 questions every seller has been left alone with: What is a strategic relationship? How would I know one if I had it? How do I get one? What, exactly, am I supposed to do? And how do I do it? Ken Powell built and ran global account programs inside some of the largest software and energy companies in the world. This is the system that ran them, written down in full for the first time. You will choose the accounts worth your best hours, and know when to demote one. You will learn the customer's business almost as well as they know it themselves. You will author your company's Planks of Excellence℠, the 3 to 5 commitments you make to your most important customers, and grade every relationship against them, 1 or 0, no partial credit. You will plot every account on one chart both companies can read, map every person with fingerprints on your business, write a plan a stranger could run, install the operating rhythm that keeps every promise, and cause growth instead of catching it. Share of Wallet at Best Margin, measured every quarter, proven to the customer's face. Book 2 in the Raise the Bar. Step Up. series, for key, strategic, and global account managers, and the CROs and VPs of Sales who coach them. Read The Habits of Great Sales Athletes for the disciplines that win the deal. Read this one to own the account. Plot. Execute. March.℠
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Description


Somewhere in your career, someone has said it to you: the problem with this account is that you do not have a strategic relationship with the customer. If you lead a sales team, you have probably said it yourself. It sounds right, so you nod. Then you go back to your desk with five questions and no answers. What is a strategic relationship? How would I know one if I had it? How do I get one? What, exactly, am I supposed to do? And how do I do it? Most of the time, nobody tells you. The word strategic gets used as if everyone already agrees on what it means, and almost no one can define it, put a number on it, or hand you the steps to build one. This book answers those five questions. It is about the journey from a transactional relationship to a strategic one, a true partnership, and how to measure every step along the way. Here is why that journey matters. You can win the deal and still lose the account. I have watched it happen to good salespeople for 40 years. They run a clean pursuit, beat the competition, sign the contract, and ring the bell. Then over the next 2 years the account slips away. A competitor takes the next project. A new executive arrives with her own history and her own preferences. The renewal gets trimmed. The win that looked permanent turns into a vendor sitting in the corner of a very large customer, waiting for scraps and wondering what happened. The deal was won. The account was lost. The seller had a customer but never built a strategic relationship, and never had a way to see it slipping away. The first book in this series, The Habits of Great Sales Athletes, taught the seven disciplines that win a complex deal: the Why4, Modern BANT, Call Planning, the Strategic Pursuit Plan, the Joint Execution Plan, the Why4 Stress Test, and Pipeline Management. Those disciplines still run the show inside a strategic account. Every new opportunity in the account is its own pursuit, and you work it with the first book's toolkit. If you have not read The Habits of Great Sales Athletes, read it first. This book builds on it and does not repeat it. A strategic account is bigger than any one deal. It is a multiyear relationship with a large customer, and in most business-to-business (B2B) companies a small set of these customers produces most of the revenue and almost all of the profit that compounds year after year. Get a handful of them right and you carry the number for the whole organization. Get them wrong, or run them by reflex, and you spend your career chasing replacement business for accounts you should have grown. Here is the problem I see in nearly every company I work with. Teams pour their best people and their best resources into their biggest accounts, then manage those accounts by feel. They confuse a friendly relationship with a growing one. They confuse activity with progress. They cannot tell you, in numbers, whether the account is worth more to them this year than last, or whether the customer would say the same about them. When the renewal shrinks or the competitor wins the next project, it surprises them. It should not. The signals were there the whole time. Nobody was measuring them. That is what this book fixes.
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About The Author


Ken Powell has spent more than 4 decades in the arena of complex B2B sales. He has carried a bag at Oracle and Apple, led enterprise and key account sales teams at SAP and McAfee, and run global sales organizations at Halliburton, Oracle, and Honeywell. He has served as CEO and President of 4 software-as-a-service (SaaS) companies ranging from $5 million to $100 million in revenue. He has hired, coached, and led thousands of sales professionals across every major industry, geography, and deal size. Throughout that career, Ken observed a pattern that became impossible to ignore: The sales profession was investing heavily in technology while the fundamental disciplines of elite selling were eroding. CRM systems, enablement platforms, and artificial intelligence (AI) tools were multiplying, but win rates, forecast accuracy, and deal velocity were not improving. The gap was not technological. It was human. Sellers had more tools than ever and fewer habits than ever. Sales Method was built to close that gap. Through his work with companies from the Fortune 100 to private equity (PE) portfolio companies, as well as global enterprises across manufacturing, technology, energy, and professional services, Ken has developed and refined the strategic account system taught in this book. The system was born in the global account programs he built and ran, and proven again in his client work since. The Planks of Excellence℠, the Foundational-Operational-Strategic maturity scale, and the points of execution at their intersections are his original work: a way to measure and move business relationships that he built because none existed. His approach is rooted in a simple conviction: World-class selling is not a talent. It is a set of habits that can be taught, trained, coached, and measured. The frameworks in this book are the product of real deals, real teams, and real results, not academic theory. Ken is a member of the Young Presidents Organization (YPO) and is based in Texas. He can be reached at www.salesmethod.com.
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