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	<title>Dave Stein's Blog :: Commentary for Sales Leaders and Sales Managers &#187; CRM</title>
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	<description>Commentary for Sales Leaders and Sales Management</description>
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		<title>Dave Stein's Blog :: Commentary for Sales Leaders and Sales Managers &#187; CRM</title>
		<link>http://davesteinsblog.wordpress.com</link>
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		<title>Should You Spend Your Money On Sales 2.0 Or Sales Training?</title>
		<link>http://davesteinsblog.wordpress.com/2009/03/06/should-you-spend-your-money-on-sales-20-or-sales-training/</link>
		<comments>http://davesteinsblog.wordpress.com/2009/03/06/should-you-spend-your-money-on-sales-20-or-sales-training/#comments</comments>
		<pubDate>Fri, 06 Mar 2009 18:26:37 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[CRM]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Hiring]]></category>
		<category><![CDATA[Methodology]]></category>
		<category><![CDATA[Sales 2.0]]></category>
		<category><![CDATA[Sales methodology]]></category>
		<category><![CDATA[sales training]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=2076</guid>
		<description><![CDATA[Sales training is more than 100 years old.  With few exceptions, it&#8217;s not very sexy.  Many salespeople believe (PDF) they&#8217;ve been through enough of it to last a lifetime.  For many reasons, most of their managers don&#8217;t see any value, so they take a tactical, event-based approach just to check the &#8220;trained my people this [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=2076&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://davesteinsblog.files.wordpress.com/2009/03/fork.jpg" target="_blank"><img class="alignright size-full wp-image-2077" style="border:1px solid black;margin:3px;" src="http://davesteinsblog.files.wordpress.com/2009/03/fork.jpg?w=233&#038;h=274" alt="" width="233" height="274" /></a>Sales training is more than 100 years old.  With few exceptions, it&#8217;s not very sexy.  <a href="http://www.esresearch.com/e/downloads/ESR-Fear_and_Loathing_2008.pdf" target="_blank">Many salespeople believe</a> (PDF) they&#8217;ve been through enough of it to last a lifetime.  For many reasons, most of their managers don&#8217;t see any value, so they take a tactical, event-based approach just to check the &#8220;trained my people this year&#8221; box.</p>
<p>On the other hand, Sales 2.0* is sexy.  It&#8217;s new.  There are terrific, proven, Sales 2.0 solutions that can support the sales and marketing function in being more efficient and effective.  There are also enough white papers, advertisements, websites, articles, blog posts, conferences, books, tweets, strategies, tips, definitions, claims, approaches, experts, studies and hype to confuse any sales leader who is wondering how to come out the other side of this terrible economic situation.   The promise of success from this Sales 2.0 wave is  overwhelming.</p>
<p>What should you do?</p>
<p>First let me state that ESR doesn&#8217;t sell sales training or Sales 2.0 applications.  We sell independent research and informed advice.</p>
<p>As an objective observer, let me suggest a simple way to assess your situation:  Neither sales training nor Sales 2.0 will deliver any real, long-term value (measured in any number of ways: more sales, more profitable sales, bigger sales, shorter sales cycles, etc.) unless you have the right people and processes in place first.  (Hopefully this isn&#8217;t the first time you&#8217;re hearing this.)</p>
<p>Tens of thousands of companies invested in CRM, skipping one or both of those two critical success factors.  That&#8217;s why something like only one in six companies claim their CRM systems are contributing to their selling efforts.  And how about this: less than two in ten companies get sustainable, predictable performance improvement out of sales training!</p>
<p>If we invest in Sales 2.0 solutions without the proper foundations in place we aren&#8217;t just going down that same road?  You bet.</p>
<p>Do you have the right people selling for you? If not, start fixing that right away.  Is there isn&#8217;t broad compliance across your team with the use of a flexible, pragmatic sales methodology?  If not, get that in place.  (The foundation of the methodology should be based on the current and expected attributes of the markets you are selling into and the buying preferences and tendencies of your customers, e.g. if your buyers use Twitter to communicate with their suppliers, that capability should be built into your methodology&#8230;)</p>
<p>Spend your money on people and process first.  Then tools. Sales 2.0 isn&#8217;t a shortcut or a replacement for those or other critical, foundation components of a sales infrastructure.  Neither is tactical, single event-based training.</p>
<p>One more time, listed in the right order: (This is only a partial list for purposes of illustration.)</p>
<ol>
<li>Get the right people on board;</li>
<li>Build or rebuild a flexible, pragmatic buyer-centric sales methodology;</li>
<li>Train your team on the methodology;</li>
<li>Then, provide them with the right Sales 2.0 tools to make them more effective and efficient in use of the methodology.</li>
</ol>
<p>Tell me where I&#8217;m wrong or off base about this.</p>
<p>* Sales 2.0 is a registered trademark of Sales 2.0 LLC</p>
<p style="text-align:right;"><span style="color:#888888;">Photo credit: © Vivid Pixels &#8211; Fotolia.com</span></p>
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		<slash:comments>15</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/1537d61dde83fd2d648582b578ae8e02?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Dave Stein</media:title>
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		<title>Miller Heiman.  What A Brand!</title>
		<link>http://davesteinsblog.wordpress.com/2009/02/09/miller-heiman-what-a-brand/</link>
		<comments>http://davesteinsblog.wordpress.com/2009/02/09/miller-heiman-what-a-brand/#comments</comments>
		<pubDate>Mon, 09 Feb 2009 16:16:45 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[CRM]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Methodology]]></category>
		<category><![CDATA[Opportunity Management]]></category>
		<category><![CDATA[Relationships]]></category>
		<category><![CDATA[Sales Training Companies]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[sales training]]></category>
		<category><![CDATA[Blue Sheet]]></category>
		<category><![CDATA[Miller Heiman]]></category>
		<category><![CDATA[Solution Selling]]></category>
		<category><![CDATA[SPI]]></category>
		<category><![CDATA[strategic selling]]></category>
		<category><![CDATA[White Springs]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=1919</guid>
		<description><![CDATA[When it comes to marketing, Miller Heiman leads the pack.  I recently spoke with Elizabeth Vanneste, their Chief Marketing Officer. Elizabeth brought Miller Heiman into four telecommunications companies where she had previously worked. She joined the Miller Heiman team last June as a sales VP and took over marketing three months ago.
Elizabeth shared with me that [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=1919&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>When it comes to marketing, Miller Heiman leads the pack.  I recently spoke with Elizabeth Vanneste, their Chief Marketing Officer. <a href="http://www.designpublic.com/i/products_new/00/93/54/9354__dp__e(300x250).jpg" target="_blank"><img class="alignright" style="border:1px solid black;margin:5px;" src="http://www.designpublic.com/i/products_new/00/93/54/9354__dp__e(300x250).jpg" alt="" width="245" height="250" /></a>Elizabeth brought Miller Heiman into four telecommunications companies where she had previously worked. She joined the Miller Heiman team last June as a sales VP and took over marketing three months ago.</p>
<p>Elizabeth shared with me that her firm just added 15 sales consultants and kicked off a new partnership in India.  They have a new program, Securing Strategic Appointments, in which the participants learn, among other things, how to craft the right message, with valid business reasons, to meet with customer executives.  In addition, the program lays out specific plans for getting those critical appointments.  Elizabeth says there is a lot of interest in using these skills for selling to the government.</p>
<p>We talked about the economy and travel restrictions.  Miller Heiman has set up additional public sessions.  I <a href="http://davesteinsblog.wordpress.com/2008/08/08/public-sales-training-programs/" target="_blank">wrote a post</a> about public sales training sessions a while back.  They are, under certain circumstances, something to consider.</p>
<p>Elizabeth and I discussed technology as well.  According to Elizabeth, Miller Heiman has made significant progress with their e-learning offerings and their sales enablement tools that integrate with the top nine CRM systems (through White Springs).  Miller Heiman consultants are also now performing Blue Sheet reviews via webinars and conference calls, helping to keep their customers&#8217; costs down.</p>
<p>Back to Miller Heiman&#8217;s marketing.  Miller Heiman&#8217;s brand equity is substantial.  That&#8217;s not only because they&#8217;ve been around for thirty years.  (Other training companies have been around that long or nearly that long.)  So far as sales training companies are concerned, Miller Heiman is predominant on the Web.  I&#8217;ve got Miller Heiman tagged in Google Alerts, as well as 40 or so other sales training companies.  There is no question that Miller Heiman significantly outnumbers the others with hits coming from blogs, articles, other companies&#8217; websites (Hoover, for example), conference agendas, news, and other sources.</p>
<p>&#8220;Strategic Selling,&#8221; a trademarked Miller Heiman brand, is certainly widely recognized, but has become so often used generically, that it may not be connected to Miller Heiman as often as they would like.  This is similar to the issue that SPI has with their trademarked &#8220;Solution Selling.&#8221;</p>
<p>Miller Heiman&#8217;s leadership position in marketing isn&#8217;t something to take lightly.  After all, with the close relationship sales <em>should</em> have with marketing in most companies, a training company&#8217;s ability to market themselves effectively is a proof statement of an understanding of some of the most important issues, isn&#8217;t it?</p>
<p>Finally, this all may sound terrific to you if you’re searching out a sales training company. I can only warn you that selecting Miller Heiman or any other company based upon this or any other one-page write up is precisely <a href="../2009/01/22/2008/05/22/best-sales-training-company/" target="_blank">the wrong thing to do</a>.  <em>ESR&#8217;s Sales Training Vendor Guide, Third Edition</em>, will be published later this month.  <a href="http://www.esresearch.com/STVG" target="_blank">In the Guide</a>, Miller Heiman and two dozen other providers are evaluated, compared and contrasted.</p>
<p>Disclosure:  Miller Heiman subscribes to ESR&#8217;s research.</p>
<p style="text-align:right;"><span style="color:#888888;">Photo credit: DesignImage.com</span></p>
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		<media:content url="http://1.gravatar.com/avatar/1537d61dde83fd2d648582b578ae8e02?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Dave Stein</media:title>
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		<title>Sales 2.0: Does It Enable Effective Selling Or Is It Yet Another Decoy?</title>
		<link>http://davesteinsblog.wordpress.com/2009/02/02/sales-20-does-it-enable-effective-selling-or-is-it-yet-another-distraction/</link>
		<comments>http://davesteinsblog.wordpress.com/2009/02/02/sales-20-does-it-enable-effective-selling-or-is-it-yet-another-distraction/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 09:42:53 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[CRM]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Measurement]]></category>
		<category><![CDATA[Sales 2.0]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Dealmaker]]></category>
		<category><![CDATA[sales process]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[The TAS Group]]></category>
		<category><![CDATA[White Springs]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=1875</guid>
		<description><![CDATA[As ESR continues to work with our clients, observe salespeople and research sales effectiveness, we&#8217;re frustrated and concerned with the increasing hype around Sales 2.0.
Is Sales 2.0 real?  Yes.  Are Sales 2.0 applications actually helping salespeople to win business? Yes.  There is no question about that.  But we believe in numbers significantly less than some [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=1875&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://davesteinsblog.files.wordpress.com/2009/02/decoy.jpg" target="_blank"><img class="alignright size-full wp-image-1890" style="border:0 none;margin:5px 6px;" src="http://davesteinsblog.files.wordpress.com/2009/02/decoy.jpg?w=282&#038;h=189" alt="" width="282" height="189" /></a>As ESR continues to work with our clients, observe salespeople and research sales effectiveness, we&#8217;re frustrated and concerned with the increasing hype around Sales 2.0.</p>
<p>Is Sales 2.0 real?  Yes.  Are Sales 2.0 applications actually helping salespeople to win business? Yes.  There is no question about that.  But we believe in numbers significantly less than some would have you believe.  I expect the Sales 2.0 vendors will be all over me about this.  Yes, I know they can provide compelling case studies, references and testimonials.  The issue is much broader and quite serious.</p>
<p>Before I go any further, I want to acknowledge that there are highly effective sales enablement (Sales 2.0) apps on the market.  What immediately comes to mind are those of some of the leading sales training companies: The TAS Group with their Dealmaker and TAS<strong>:</strong>Pedia (we saw an exciting demo of new releases last week) and the effective technology implementations of a number of <a href="http://www.white-springs.com/methodology/index.asp" target="_blank">other sales methodologies</a> by White Springs.</p>
<p>ESR knows that the sales methodology and the processes upon which it is built should be the backbone of a company&#8217;s sales approach.  Significant research bears this out.  Get that methodology thing right, provide all the support, training and coaching and get all your salespeople following it (with the requisite flexibility for differing situations, of course), and you are taking one of the most important strategic actions that determines sales success.  Automate it and you&#8217;re doing even better.  That&#8217;s what some of the leading training companies are accomplishing.  They&#8217;re helping companies improve sales performance by getting them to employ a process.  Then they&#8217;re automating the process to make salespeople more effective and efficient.  It works considerably more often than not, and in the world of B2B selling, that&#8217;s an accomplishment.</p>
<p>Here&#8217;s my concern: Sales 2.0 vendors are pushing hard, claiming that their software applications will solve specific selling problems.  Many of the vendors are right, but—here&#8217;s the thing—if the sales leaders who are considering investing in those apps don&#8217;t have their team lined up and fully compliant with the consistent execution of a sales process, with training, coaching and metrics in place, they will more likely compound the problem than fix it.  That&#8217;s what happened with CRM years ago.  Many of us saw it promoted as a paradigm-changing fix for most sales ills.  CRM&#8217;s big problem, was (is?) that there was nothing in it for the salesperson, and that&#8217;s why compliance was (and still is, in many cases) so low.  For many companies, CRM served to make the situation worse, not better.  It kept sales management from focusing on the real issues.  It was a decoy!</p>
<p>Will sales problems get compounded with the purchase of a few cool Sales 2.0 tools?  It&#8217;s like my problem with <a href="http://www.nxtbook.com/nxtbooks/nielsen/smm_20080910/index.php?startid=8" target="_blank">sales tips</a>.  Allowing sales people to spend time seeking out and using random tips from unapproved (and sometimes incompetent) sources takes everyone&#8217;s attention off the real issue—no process!—and the lack of discipline to build one and follow one.  Sales 2.0 has become the new silver bullet—this year&#8217;s universal elixir to solve a company&#8217;s selling problems.  In those cases, Sales 2.0 may provide some value, granted, but with a steep price: it becomes a distraction from what really has to be done.  By the way, I spent better part of a week struggling to make the same decoy argument about the current state of <a href="http://davesteinsblog.wordpress.com/2009/01/28/social-media-in-b2b-sales-is-the-time-right/" target="_blank">social media with respect to B2B sales</a>&#8230;</p>
<p>Here&#8217;s an example of how a solid Sales 2.0 application can turn out to be a broken promise: There are some terrific sales analytics packages out there.  But what good are analytics if a company doesn&#8217;t have a documented and fully-complied with sales process?  What will happen when leading indicators show a bunch of deals are slowing down?  What will managers coach reps on?  How they themselves won business years ago?  Those managers should be coaching the rep on how the rep can better comply with the pre-established sales process—on what specific behaviors the rep must improve so they can effectively execute the process and move the deal along.  We have worked with companies that have installed analytics tools and the results were precisely as I described.  Lots of data, but no standard operating procedure for fixing the situation.</p>
<p>Another example would be Sales 2.0 lead generation tools.  There are some really good, innovative ones out there.  Sexy as hell.  So what happens when a sales rep uses one of these and winds up with some really good prospects and the rep can&#8217;t advance the sale from that point to closure because they don&#8217;t have the skills, proven path, tools and support to get that done?  I hope you get my point.</p>
<p>So here is my recommendation.  If you get all charged up about a Sales 2.0 tool that you think will help your sales team sell more stuff, faster and for bigger dollars, map the application onto the backbone of your overall sales process.  If you don&#8217;t have a sales process, stop right there.  That&#8217;s what you need to do first.  It&#8217;s not sexy, it&#8217;s not fun, it takes time, thought, focus and you&#8217;ll find every excuse not to do it.  But the research says it&#8217;s what you have to do.</p>
<p><strong>Bottom line: </strong> If you want a real boost in sales effectiveness, get your selling methodology and process built, train your people on its use and support them in their effort.  Automate it all, if you like.</p>
<p>Then, and only then, when that&#8217;s ticking nicely along, and you can measure progress, start layering in the Sales 2.0 applications that will have the biggest bang for the buck.  Then you&#8217;ll really get some value out of Sales 2.0.</p>
<p>Let me hear from you.  Do you think a solid, complied-with sales process is the backbone upon which Sales 2.0 applications must be layered?  Or not?</p>
<p style="text-align:right;"><span style="color:#888888;">Photo credit: © Valeriy Aksak &#8211; Fotolia.com</span></p>
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		<title>New Year Resolutions For Sales Leaders</title>
		<link>http://davesteinsblog.wordpress.com/2008/12/29/new-year-resolutions-for-sales-leaders/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/12/29/new-year-resolutions-for-sales-leaders/#comments</comments>
		<pubDate>Mon, 29 Dec 2008 14:50:31 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[Big Wins]]></category>
		<category><![CDATA[Buyers]]></category>
		<category><![CDATA[CRM]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Hiring]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Measurement]]></category>
		<category><![CDATA[Methodology]]></category>
		<category><![CDATA[Opportunity Management]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[Sales Strategy]]></category>
		<category><![CDATA[Sales Training Companies]]></category>
		<category><![CDATA[sales process]]></category>
		<category><![CDATA[Sales 101]]></category>
		<category><![CDATA[sales performance measurement]]></category>
		<category><![CDATA[sales training]]></category>
		<category><![CDATA[selling to senior executives]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=1581</guid>
		<description><![CDATA[Pick one or more of the resolutions below.  Commit, execute, enjoy the  results.

I&#8217;ll never hire another sales rep who can&#8217;t get the sales job    done. First, completely understand the position and the skills and traits required to be    successful.  Evaluating whether a candidate meets those requirements requires  [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=1581&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><img class="alignright size-full wp-image-1589" style="border:0 none;margin:3px;" title="2009" src="http://davesteinsblog.files.wordpress.com/2008/12/2009.jpg?w=289&#038;h=217" alt="2009" width="289" height="217" />Pick one or more of the resolutions below.  Commit, execute, enjoy the  results.</p>
<ol>
<li><strong>I&#8217;ll never hire another sales rep who can&#8217;t get the sales job    done.</strong> First, completely understand the position and the skills and traits required to be    successful.  Evaluating whether a candidate meets those requirements requires    a series of two to three structured interviews.  There are no perfect    candidates, but if you understand gaps between what capabilities the candidate possesses and what is required for the job, you can train, coach or support that new rep to success.<br />
<hr /></li>
<li><strong>I won&#8217;t spend another dime on technology for my sales team without    knowing specifically how it will help my reps win business.</strong> In general,    what companies receive in return for their investment in CRM technology is    significantly short of expectations.  Before you make any investments in CRM, Sales 2.0 or other emerging technologies   make sure the primary recipient of value is the salesperson. There has to be a direct, proven connection between the software application and the salesperson winning more business.<br />
<hr /></li>
<li><strong>I will teach and then continue to encourage my reps to look at selling strategically. </strong>Many salespeople don&#8217;t think past the next meeting or phone call.  You will be doing them (and yourself) a big favor if you can coach them into seeing the big picture—the next five steps in the sales cycle or what the    customer&#8217;s situation might be in six months when they expect to make a buying decision.<br />
<hr /></li>
<li><strong>I will look at sales performance improvement strategically. </strong>You should know by now that tactical, event-based sales training doesn&#8217;t really provide any    long-term value.  So why are you still wasting time and money on it?<br />
<hr /></li>
<li><strong>I will implement a formal coaching function to support my sales reps&#8217;  growth.</strong> Coaching is not a sales manager closing a deal for a rep or telling them what to do in a tough competitive situation.   Coaching is a mission-critical, formal, ongoing activity that is required for significant sales performance improvement.  If you don&#8217;t know where to start, send me an email.  I&#8217;ll point you in the right direction.<br />
<hr /></li>
<li><strong>I will run my sales organization like the business that it should be. </strong>In order to be successful, businesses require business plans, process,    discipline, documented responsibilities and accountabilities, quality    assurance and measurement of output.  I&#8217;m not suggesting bureaucracy here.  Just the appropriate measure of formality and    seriousness.  If seat-of-the-pants ever worked in B2B selling in the past, it certainly doesn&#8217;t any longer.<br />
<hr /></li>
<li><strong>I will provide my sales team with the leadership they need and    deserve.</strong> A few questions for you around one area of leadership:  Is marketing not getting the job done?  Does the CEO set    unrealistic revenue targets?  Are customers angry due to product problems?  Do    your products or services not meet the needs of your market?   These and other challenges can stop the best sales team in its tracks.  It&#8217;s your job to get issues like these addressed and resolved.  If you don&#8217;t have the required    leadership skills, get them.<br />
<hr /></li>
<li><strong>I will advance my team considerably further than foundation Sales 101    skills so they can really be competitive.</strong> Winning these days requires more    than just basic selling skills.  Make sure your sales process includes  advanced components, such as political mapping, selling to senior executives, and competitive strategies  and tactics.  Find the best approaches in those areas that fit your business requirements.  Train your people.  Sustain improvement with coaching and other post-training reinforcement.<br />
<hr /></li>
<li><strong>I will elevate the importance of my team&#8217;s knowledge about our    customers&#8217; businesses. </strong>Many customers of yours are buying only what will    help them survive this economic crisis.  If your salespeople can&#8217;t position your products and services in terms of contributing to your customers&#8217; success—from your customer&#8217;s perspective—they aren&#8217;t going to sell very much.<br />
<hr /></li>
<li><strong>I will commit to understanding my weaknesses and improving those capabilities as a sales leader.</strong> There is no shortage of intelligence, research, best-practices, coaches,    consultants and just plain good advice.  Avail yourself of the best of them.</li>
</ol>
<p style="text-align:right;">Photo credit: © Stefan Rajewski &#8211; Fotolia.com</p>
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		<slash:comments>6</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/1537d61dde83fd2d648582b578ae8e02?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Dave Stein</media:title>
		</media:content>

		<media:content url="http://davesteinsblog.files.wordpress.com/2008/12/2009.jpg" medium="image">
			<media:title type="html">2009</media:title>
		</media:content>
	</item>
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		<title>Embedded Sales Learning</title>
		<link>http://davesteinsblog.wordpress.com/2008/11/06/embedded-sales-learning/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/11/06/embedded-sales-learning/#comments</comments>
		<pubDate>Thu, 06 Nov 2008 09:16:08 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[CRM]]></category>
		<category><![CDATA[Methodology]]></category>
		<category><![CDATA[Opportunity Management]]></category>
		<category><![CDATA[Pipeline]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[Sales 2.0]]></category>
		<category><![CDATA[Sales Training Companies]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[sales process]]></category>
		<category><![CDATA[Chris Hens]]></category>
		<category><![CDATA[Complex Sale]]></category>
		<category><![CDATA[Holden]]></category>
		<category><![CDATA[Huthwaite]]></category>
		<category><![CDATA[Miller Heiman]]></category>
		<category><![CDATA[SPI]]></category>
		<category><![CDATA[ValuSelling]]></category>
		<category><![CDATA[White Springs]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=1221</guid>
		<description><![CDATA[Chris Hens, President and COO of White Springs, presented at the Richardson client forum last week.  The subject was in-context sales learning and reinforcement.
With a background in sales training, Chris has a deep understanding of the challenges companies face with respect to sales performance improvement.  White Springs has worked with Complex Sale, Holden, Huthwaite, Miller Heiman, ValuSelling [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=1221&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Chris Hens, President and COO of <a href="http://www.white-springs.com" target="_blank">White Springs</a>, presented at the <a href="http://davesteinsblog.wordpress.com/2008/10/29/richardson-client-forum-2008/" target="_blank">Richardson client forum</a> last week.  The subject was in-context sales learning and reinforcement.</p>
<p>With a background in sales training, Chris has a deep understanding of the challenges companies face with respect to sales performance improvement.  White Springs has worked with Complex Sale, Holden, Huthwaite, Miller Heiman, ValuSelling and SPI, among others, to automate sales and opportunity management processes and to connect those to a company&#8217;s CRM system.</p>
<p>Richardson has been, and continues to be, a leader in non-traditional (other-than-classroom) learning.  They&#8217;ve engaged with White Springs for embedding and integrating their sales learning content into their established tools and business practices.  Chris calls this embedded sales learning. (See graphic, courtesy of White Springs.  Click for full-size.)</p>
<p style="text-align:center;"><a href="http://davesteinsblog.files.wordpress.com/2008/11/esl-full.jpg"><img class="aligncenter size-full wp-image-1220" style="border:black 1px solid;" title="Click on this image for full-size.  Opens in new window." src="http://davesteinsblog.files.wordpress.com/2008/11/esl1.jpg?w=468&#038;h=333" alt="esl1" width="468" height="333" /></a></p>
<p style="text-align:left;">Why is this so important?  In order to increase sales effectiveness, more salespeople must complying with the sales process that has been designed for their selling situation.  When that process is modeled in software such as this and they are provided learning reinforcement within that software, it will increase compliance, contributing to sales performance improvement.</p>
<p style="text-align:left;">Whether you&#8217;re shopping for sales training, sales process work, Sales 2.0 tools, or CRM, be certain that your sales processes (qualification, discovery, opportunity management, etc.) are top-of-mind. The vendors you should consider must have the proven ability to support technology-enabled selling and learning.  ES Research has done a considerable amount of research in this area. </p>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">Dave Stein</media:title>
		</media:content>

		<media:content url="http://davesteinsblog.files.wordpress.com/2008/11/esl1.jpg" medium="image">
			<media:title type="html">Click on this image for full-size.  Opens in new window.</media:title>
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		<item>
		<title>Joe The Salesrep and CRM User Adoption</title>
		<link>http://davesteinsblog.wordpress.com/2008/10/20/joe-the-salesrep-and-crm-user-adoption/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/10/20/joe-the-salesrep-and-crm-user-adoption/#comments</comments>
		<pubDate>Mon, 20 Oct 2008 15:59:35 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[CRM]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[Sales 2.0]]></category>
		<category><![CDATA[sales process]]></category>
		<category><![CDATA[Joe the Salesrep]]></category>
		<category><![CDATA[Lee Allgood]]></category>
		<category><![CDATA[Neochange]]></category>
		<category><![CDATA[Sand Hill Group]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=1116</guid>
		<description><![CDATA[Lee Allgood, a colleague from my days consulting with ERP provider MAPICS, sent me an email referencing a March 2008 survey performed by Sand Hill Group and Neochange.
Although the survey looked at enterprise software success from the software company&#8217;s perspective, some of the findings resonate with what we know about process alignment and user adoption related [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=1116&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Lee Allgood, a colleague from my days consulting with ERP provider MAPICS, sent me an email referencing <a title="The survey results." href="http://www.neochange.com/User_Adoption/Docs/Achieving_Enterprise_Software_Success_Report.pdf" target="_blank">a March 2008 survey</a> performed by Sand Hill Group and Neochange.</p>
<p>Although the survey looked at enterprise software success from the software company&#8217;s perspective, some of the findings resonate with what we know about process alignment and user adoption related to CRM and Sales 2.0 implementations.</p>
<p>This is from <a href="http://www.neochange.com/User_Adoption/NR_Software_Success_Survey_Report.html" target="_blank">the press release</a>:</p>
<p style="padding-left:30px;">When asked how to best define &#8220;enterprise software success,&#8221; both providers and buyers agreed that the top indication is value realization for the company. 70% of buyers and providers believe that &#8220;effective user adoption&#8221; is the primary driver to realize the full business value.</p>
<p>And this is from the report:</p>
<p style="text-align:center;"><img class="aligncenter" style="border:0;margin:4px;" src="http://www.readwriteweb.com/images/enterprise_adoption_oct08.jpg" alt="" width="415" height="317" /></p>
<p>This is not really a surprise.  One of the reasons that CRM software hasn&#8217;t reached its full potential is the lack of effective user adoption.  The software designers didn&#8217;t put themselves in the position of the Joe the Salesrep. </p>
<p>Another point.  Process alignment is another factor in realizing value.  CRM is not a replacement for a sales process.  We&#8217;ve said it again and again.  Build your sales process.  Test it.  Train your team on its use. Run it for a while.  Adjust where needed.  Then look at a CRM solution that can be adapted to your process.  CRM should help salespeople sell more, not waste their time.</p>
<p>My advice on the adoption issue?  Before investing in any Sales 2.0 or sales-enablement technology, get your Joes and Janes to be part of the evaluation team and please, answer the question, what&#8217;s in it for them?</p>
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		<slash:comments>3</slash:comments>
	
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			<media:title type="html">Dave Stein</media:title>
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		<title>Industry-Focused Sales Training Is More Than Buzzwords</title>
		<link>http://davesteinsblog.wordpress.com/2008/09/17/industry-focused-sales-training-is-more-than-buzzwords/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/09/17/industry-focused-sales-training-is-more-than-buzzwords/#comments</comments>
		<pubDate>Wed, 17 Sep 2008 05:48:32 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Sales 2.0]]></category>
		<category><![CDATA[Sales Training Companies]]></category>
		<category><![CDATA[sales process]]></category>
		<category><![CDATA[sales training]]></category>
		<category><![CDATA[CRM]]></category>
		<category><![CDATA[industry-specific sales training]]></category>
		<category><![CDATA[Peter Cohan]]></category>
		<category><![CDATA[Salesengineering.com]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=889</guid>
		<description><![CDATA[A strategic and comprehensive approach to sales effectiveness must include, among other programs:


New hire training


Product training 


Sales skills training (basic to advanced, as appropriate)


Sales-enablement tools and technology training (CRM, Sales 2.0 tools, podcasts, internal knowledge management systems, etc.)


Other specialized training (business training, creating proposals, cold-calling, working with business partners, as examples)


Technical training (for some situations) — basics of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=889&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div id="attachment_893" class="wp-caption alignright" style="width: 266px"><a href="//www.fotolia.com/id/1311971&quot; title=&quot;&quot; alt=&quot;&quot;&gt;Mikael Damkier&lt;/a&gt; - Fotolia.com"><img class="size-full wp-image-893 " title="//www.fotolia.com/id/1311971&quot; title=&quot;&quot; alt=&quot;&quot;&gt;Mikael Damkier&lt;/a&gt; - Fotolia.com" src="http://davesteinsblog.files.wordpress.com/2008/09/industry.jpg?w=256&#038;h=174" alt="" width="256" height="174" /></a><p class="wp-caption-text">Your salespeople need to know more than just the buzzwords.</p></div>
<p>A strategic and comprehensive approach to sales effectiveness must include, among other programs:</p>
<ol>
<li>
<p style="margin-bottom:6px;">New hire training</p>
</li>
<li>
<p style="margin-bottom:6px;">Product training </p>
</li>
<li>
<p style="margin-bottom:6px;">Sales skills training (basic to advanced, as appropriate)</p>
</li>
<li>
<p style="margin-bottom:6px;">Sales-enablement tools and technology training (CRM, Sales 2.0 tools, podcasts, internal knowledge management systems, etc.)</p>
</li>
<li>
<p style="margin-bottom:6px;">Other specialized training (business training, creating proposals, cold-calling, working with business partners, as examples)</p>
<ul type="square">
<li>
<p style="margin-bottom:6px;">Technical training (for some situations) — basics of the technologies that a company&#8217;s software runs on, for example.</p>
</li>
<li>
<p style="margin-bottom:6px;">Training for sales engineers where applicable.  (We formally cover <a href="http://www.salesengineering.com" target="_blank">Salesengineering.com</a> and are aware of the great work Peter Cohan of <a href="http://www.secondderivative.com/index.html" target="_blank">The Second Derivative</a> is doing in that area.)</p>
</li>
</ul>
</li>
<li>Industry-focused sales training.</li>
</ol>
<p>If you hire all your salespeople out of the industry you sell into, and they are experts in that industry, you can skip the rest of this post, since it&#8217;s about point number 6.  (You must put those new hires through the rest of the training listed above, in any case.)</p>
<p>For the rest of us, it&#8217;s important to understand the growing impact that specific industry knowledge has on a person&#8217;s ability to sell. </p>
<p>One of our clients sells sophisticated imaging software into hospitals, radiology group medical practices and ambulatory care facilities.  Although each salesperson has a sales engineer (software application expert) available when needed, those reps would at at extreme disadvantage if they did not have experience in the very domain into which they are selling.  Most have come out of health care.  Many out of radiology, specifically.  They are an impressive group.  But they&#8217;re not alone.  We&#8217;ve worked with with companies whose top salespeople came out of the industries those clients sold into as well: the pulp and paper industry, group life insurance, chemical manufacturers, professional services, application software, etc.</p>
<p>If you&#8217;re not hiring people from the industry into which you sell, the first thing to consider is whether a candidate not from that industry has a proven ability to move from one vertical industry to another and be successful selling.  Among other competencies, they&#8217;ve got to be a quick learner, analytical, flexible, self-motivated&#8230; You get the idea.  I want them to prove to me they&#8217;ve made that transition before and precisely how they accomplished it.  I&#8217;m not taking any chances!</p>
<p>The next consideration has to be to build a program to get new hires up to speed as quickly as possible in the new environment.  I&#8217;ve seen a number of successful approaches to this challenge.  When I was a VP of sales in a software company, we used to put new sales hires in customers&#8217; businesses for the first two weeks of their job.  Each day for those two weeks, new hires performed a different role: accounting, order entry, production, inventory control, quality control, purchasing, customer service, shipping, receiving.  After two weeks, they knew how that company operated and how our software supported that operation.  Try it.  It works.</p>
<p>One approach that ESR will be exploring is the specialized training provided by firms like <a href="http://www.cambashi.com/services/vendors/index.htm" target="_blank">Cambashi</a>.  Among other things, Cambashi provides a number of services to vendors selling into the manufacturing space.  One of the various programs in their <em>Manufacturing Industry Readiness Training Curriculum</em> is the Level 200 Factory Simulation.  Read this and you&#8217;ll understand where the value would be for salespeople selling into manufacturing companies:</p>
<p style="padding-left:30px;"><span style="color:#666699;">FACTORY is a simulation game that is held as a 1- or 2-day interactive learning seminar. The game represents the financial circumstances of a manufacturing company &#8211; allowing the participants to analyze and understand the fundamental operational functions of the company.</span></p>
<p style="padding-left:30px;"><span style="color:#666699;">In small groups of three to five individuals, the participants act as the management team of a manufacturing company. The game is set up to represent a business that has been successful during the past few years &#8211; but now the economic environment of the company has changed and the business faces new challenges.</span></p>
<p style="padding-left:30px;"><span style="color:#666699;">The Management team has three years to make decisions and changes that will make the company increase its profitability.</span></p>
<p style="padding-left:30px;"><span style="color:#666699;">The FACTORY game demonstrates cause and effect in a company. It shows how one decision in a functional department of a company can affect the profit of the company as a whole. The simulation will demonstrate the relationship amongst the departments of a company and how they work together and influence balance sheet, stock value, P &amp; L account, and other financial indicators of a company.</span></p>
<p>Although ESR has not formally reviewed Cambashi, and therefore can&#8217;t recommend them to you, we certainly think that any of you that are selling into the manufacturing space should consider speaking with Cambashi and other companies that perform that flavor of specialized industry readiness for salespeople.  There are other Cambashis for other industries.</p>
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			<media:title type="html">Dave Stein</media:title>
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		<title>Analysts Are Optimistic About CRM &#8211; I&#8217;m Not.</title>
		<link>http://davesteinsblog.wordpress.com/2008/07/17/analysts-optimistic-about-crm/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/07/17/analysts-optimistic-about-crm/#comments</comments>
		<pubDate>Thu, 17 Jul 2008 17:34:13 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[CRM]]></category>
		<category><![CDATA[Industry Analyst]]></category>
		<category><![CDATA[Relationships]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AMR Research]]></category>
		<category><![CDATA[CSO Insights]]></category>
		<category><![CDATA[Gartner]]></category>
		<category><![CDATA[KensingtonHouse]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=186</guid>
		<description><![CDATA[
Ann All (with ITBusinessEdge.com) posted an entry in her blog today about the optimistic outlook for CRM sales.  She wrote, &#8220;Datamonitor, KensingtonHouse, CSO Insights and Gartner are among the companies with an optimistic outlook on CRM.&#8221;  She then added AMR Research to the list.
I won&#8217;t dispute the prediction. 
What I will say is that progress is painfully slow [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=186&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><div class="mceTemp">
<div id="attachment_260" class="wp-caption alignright" style="width: 241px"><a href="http://davesteinsblog.files.wordpress.com/2008/07/confused.jpg"><img class="size-medium wp-image-260" src="http://davesteinsblog.files.wordpress.com/2008/07/confused.jpg?w=231&#038;h=200" alt="Help me through this logic, please." width="231" height="200" /></a><p class="wp-caption-text">Help me through this logic, please.</p></div>
<p>Ann All (with ITBusinessEdge.com) posted an <a href="http://www.itbusinessedge.com/blogs/tve/wp-trackback.php?p=364" target="_blank">entry</a> in her blog today about the optimistic outlook for CRM sales.  She wrote, &#8220;Datamonitor, KensingtonHouse, CSO Insights and Gartner are among the companies with an optimistic outlook on CRM.&#8221;  She then added AMR Research to the list.</div>
<p>I won&#8217;t dispute the prediction. </p>
<p>What I will say is that progress is painfully slow with respect to CRM meeting the requirements of salespeople.  Help me through this logic, please: </p>
<ul>
<li>CRM stands for Customer Relationship Management, right? </li>
<li>Sales, Customer Care, Marketing and Finance managers all need their reports from the CRM system to do their jobs managing customers, right?</li>
<li>Who inputs a fair amount, if not most of the data?  Salespeople, right? </li>
<li>They have to be prodded, threatened, incentivized and shamed into keeping their information up to date, right?</li>
<li>Follow me on this, please.  If the salespeople don&#8217;t sell anything, there aren&#8217;t going to be customers and customer relationships for a CRM system to manage, right?</li>
<li>So, why isn&#8217;t there anything in it for the salespeople?  In fact, don&#8217;t most of your salespeople use your company&#8217;s CRM system for little more than basic contact management? </li>
<li>So why does the task of keeping the CRM system up to date at the expense of their selling time make any sense at all? </li>
<li>Why don&#8217;t the CRM companies design systems help salespeople sell more?  Because salespeople aren&#8217;t their customers.  Management is.</li>
</ul>
<p>What we need is more companies like <a href="http://www.white-springs.com/" target="_blank">White Springs</a> and <a href="http://thetasgroup.com" target="_blank">The TAS Group</a> that understand the size and the impact of the CRM problem and are providing solutions.  And we also need CRM companies to start adding capabilities that will contribute to, rather than hinder, a sales person&#8217;s ability to sell.  When that happens I guess we should call it CRM 2.0.</p>
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			<media:title type="html">Dave Stein</media:title>
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			<media:title type="html">Help me through this logic, please.</media:title>
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		<title>How Long Will It Take?</title>
		<link>http://davesteinsblog.wordpress.com/2008/06/24/how-long-will-it-take/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/06/24/how-long-will-it-take/#comments</comments>
		<pubDate>Tue, 24 Jun 2008 13:01:41 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[CRM]]></category>
		<category><![CDATA[Methodology]]></category>
		<category><![CDATA[Sales Training Companies]]></category>
		<category><![CDATA[sales and marketing alignment]]></category>
		<category><![CDATA[sales training]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=60</guid>
		<description><![CDATA[Quite often I get questions about how long it will take to complete various sales performance improvement interventions.  (It&#8217;s the business equivalent of, &#8220;Are we there yet?&#8221;)
I&#8217;ll answer some of those questions one by one before I philosophize:
Q: How long it does it take to get a sales team performing at quota (and remaining there&#8230;)?
A: [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=60&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Quite often I get questions about how long it will take to complete various sales performance improvement interventions.  (It&#8217;s the business equivalent of, &#8220;Are we there yet?&#8221;)</p>
<p>I&#8217;ll answer some of those questions one by one before I philosophize:</p>
<hr />Q: How long it does it take to get a sales team performing at quota (and remaining there&#8230;)?<span id="more-60"></span></p>
<p>A: Think one to three years, depending on the size and capabilities of the team, your selling environment, your training vendor, how many tools and processes must be built, getting a measurement system in place, getting your CRM system integrated with your sales methodology, your company&#8217;s and team&#8217;s ability to adapt to what might be significant change, etc.</p>
<hr />Q: How long it will take to get marketing and sales aligned?</p>
<p>A: Three months to a year, again depending on the circumstances.</p>
<hr />Q: How long will it take to evaluate and select the right sales training/consulting partner/vendor?</p>
<p>A: Based on our experience, 3 to 6 months.</p>
<hr />There is an old expression I recite when responding to those &#8220;how long will it take&#8221; questions:</p>
<blockquote>
<p style="text-align:center;"><strong>You can have it:</strong></p>
<p style="text-align:center;"><strong>Right Away,<br />
Cheap, or<br />
Good.<br />
Pick only two out of the three.</strong> </p></blockquote>
<p>The point here is simply this. Whether you are embarking on a sales performance improvement intervention, renovations on your home or tutoring for your child, you&#8217;ve got to decide what&#8217;s important.</p>
<p>From the questions I get it seems that people are most often focused on &#8220;right away.&#8221; If &#8220;right away&#8221; is what you need, that&#8217;s fine, but what are you willing to give up?</p>
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		<title>My Sales 2.0 Competitive Knowledge Wish List</title>
		<link>http://davesteinsblog.wordpress.com/2008/06/16/sales-20-competitive-knowledge-wish-list/</link>
		<comments>http://davesteinsblog.wordpress.com/2008/06/16/sales-20-competitive-knowledge-wish-list/#comments</comments>
		<pubDate>Tue, 17 Jun 2008 01:52:07 +0000</pubDate>
		<dc:creator>Dave Stein</dc:creator>
				<category><![CDATA[CRM]]></category>
		<category><![CDATA[Competition]]></category>
		<category><![CDATA[Sales 2.0]]></category>
		<category><![CDATA[Sales Strategy]]></category>
		<category><![CDATA[Sales Tactics]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[competitive intelligence]]></category>
		<category><![CDATA[win/loss]]></category>

		<guid isPermaLink="false">http://davesteinsblog.wordpress.com/?p=84</guid>
		<description><![CDATA[Sales 2.0 should be about the sales person—not just provided to them, but designed for them.  After having read Joe Galvin’s and Donal Daly’s posts on the Sales 2.0 Network Blog—Marketing’s Opportunity with 2.0 and Scuttlebutt 2.0 (including the provided/designed comment above)—it occurred to me that defining what a salesperson would need from a competitive knowledge management [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=davesteinsblog.wordpress.com&blog=3511331&post=84&subd=davesteinsblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Sales 2.0 should be about the sales person—not just <em>provided to</em> them, but <em>designed for</em> them.  After having read Joe Galvin’s and Donal Daly’s posts on the Sales 2.0 Network Blog—<a href="http://sales20network.com/blog/?p=48" target="_blank">Marketing’s Opportunity with 2.0</a> and <a href="http://sales20network.com/blog/?p=49" target="_blank">Scuttlebutt 2.0</a> (including the provided/designed comment above)—it occurred to me that defining what a salesperson would need from a competitive knowledge management perspective might be a good <img class="alignright" style="float:right;border:0;margin:4px;" src="http://www.esresearch.com/e/images/wish.jpg" alt="My Sales 2.0 Competitive Knowledge Wish List" width="205" height="154" />place to start with respect to getting more specific about Sales 2.0 capabilities.  I can close my eyes and practically see my new Sales 2.0 competitive knowledge management system… Relevant, accurate, comprehensive, and actionable intelligence about my competition served up when and where I need it. </p>
<p>So, assuming the role of under-supported salesrep, here is my first, quick pass on a Sales 2.0 competitive knowledge wish list:</p>
<p><strong>By Competitor:</strong></p>
<ul>
<li><strong>Company-level Content:</strong>
<ul>
<li>I’ll want to know everything about their annual revenues, financial position (P&amp;L, balance sheet, etc.), number of employees, office locations, alliances &amp; partnerships, leadership, corporate-level messages (mission statement, goals and objectives, etc.), history, view by securities and industry analysts, important customers, markets, slide presentations given at investor conferences, press releases, job openings, etc. </li>
<li>Of course, I’d like to have access to the annotations and comments made by members of my team on all documents in this category, including the paper napkin-based analyses our CFO likes to do when they announce earnings each quarter.</li>
<li>Internal best-practices on how best to use this information in real, live sales opportunities would be a major plus.</li>
<li>So would access to the internal (and external) experts on this competitor.<br />
 </li>
</ul>
</li>
<li><strong>Product-level Content:</strong>   <span id="more-84"></span>
<ul>
<li>What’s important to me is product/service strengths &amp; weaknesses, market share by product or product line, brochures, approach to market, product development history, new products, technology platforms, pricing, discount history, warranties, distribution channels, terms and conditions, customer satisfaction levels, availability, support and service options, etc. </li>
<li>I’d like to see all manner of product comparisons: theirs and ours. </li>
<li>It would be nice to hear how other reps effectively highlighted this competitor’s product weaknesses.</li>
<li>I’ll need our unique differentiators and theirs as well (don’t make believe those don’t exist, please).  I’d like to see those differentiators positioned from the customer’s perspective, with the quantified business value attributed to each.</li>
<li>I’ll also need relevant ROI and cost-justification models for each product/service, with examples, and instructions on how best to employ and position them.</li>
<li>Competitor’s new products under development (link to <a href="http://www.uspto.gov/">www.USPTO.gov</a>) might give me a heads up on what they’ll be announcing later in the year.</li>
<li>Again, internal best-practices on how best to use this information I’ll need as well.</li>
<li>Plus, access to the internal (and external) experts on this competitor, especially those who were involved in sales opportunities against this specific competitor.<br />
 </li>
</ul>
</li>
<li><strong>Sales Team- and Salesrep-level Content:</strong>
<ul>
<li>This information would help me the most:  Sales approaches, strategies and tactics employed by them against us (what has worked and what hasn’t),  strategies and tactics employed by us against them (what has worked and what hasn’t), compensation plans (am I competing against commission-only reps?), resources available during the sale, preferred person for entry into an account, etc.</li>
<li>The “story” behind each reference customer that they’ll use, so I can immunize my prospect.</li>
<li>The sales objections they’ll raise about our company and our products/services and the best responses for managing those objections.</li>
<li>Why we’ve won and why we’ve lost against them.  Key take-aways from individual win/loss reports should be available as well.</li>
<li>Information on individual sales people: how long in the industry, how long in the job, biggest wins, biggest losses, what they count on to win, etc. </li>
<li>Internal best-practices on how best to use this information, ranked by relevance and/or</li>
<li>Access to the internal (and external) experts on this competitor, especially those sales reps who sold against this specific competitor.</li>
</ul>
</li>
</ul>
<p><strong>Inputs for the Competitive Knowledge Wish List:</strong></p>
<ul>
<li>We would need a closed-loop system that would collect and retain valuable content from:
<ul>
<li>Our training materials database</li>
<li>Relevant e-learning modules and podcasts (including the ones Donal mentioned).</li>
<li>Relevant emails (that aren’t marked private)</li>
<li>(Our soon-to-be-sunsetted) sales portal</li>
<li>Internal chats and wikis; internal and external communities and discussion forums, newsletters, etc.</li>
<li>Our CRM system</li>
<li>External sites where relevant information might be found (investor bulletin boards, Hoover’s, MySpace, YouTube, Fortune, ComputerWorld, etc.)</li>
</ul>
</li>
<li>I’d like easy-to-use updating, feedback and input mechanisms so we can collect the competitive intelligence listed above from the field.  If marketing wants me to input my observations and experiences, they’ll need to make it easy, and show me that they are using what I provide.  If it goes into a black hole, take me off the list.</li>
<li>Collection of other forms intelligence so we can help marketing and product management help us to be more competitive tomorrow, such as what capabilities are being asked for by customers that we don’t have today and what capabilities our competitors have so they can come up with workarounds or alternative products.</li>
</ul>
<p><strong>Other Capabilities:</strong></p>
<ul>
<li>An RSS feed so I can be proactive.</li>
<li>Powerful, advanced search, so I can get right to what I need quickly.</li>
<li>Available any time, anywhere, on any device I happen to have in my hand.</li>
<li>A modern, intuitive user interface like other Web 2.0 applications.</li>
<li>Integration with the most widely used business and social networking sites (start with LinkedIn) so I can easily find people who know the companies and salesreps against whom I am competing.</li>
<li>All the new Sales 2.0 capabilities that will be introduced between now and when this application gets done.</li>
</ul>
<p>Only 190 days until Christmas!</p>
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		<media:content url="http://1.gravatar.com/avatar/1537d61dde83fd2d648582b578ae8e02?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Dave Stein</media:title>
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			<media:title type="html">My Sales 2.0 Competitive Knowledge Wish List</media:title>
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