Showing posts with label network coverage. Show all posts
Showing posts with label network coverage. Show all posts

Friday, April 6, 2012

RIIM CONF' 2012


Yesterday was the 7th edition of the RIIM CONF’ (relationship intelligence and influence management conference).  Opinion leaders, experts in sales, network specialists and international business people gathered in the Cercle National des Armées in Paris to share their ideas on relationships and networking in complex sales, global accounts and differing cultures.

Over the coming weeks we will be sharing some of the key ideas from the speakers on this blog.  Today, I’ll give a general outline of the speakers, to whet your appetites.

The day started with François Fleith, from Alcatel-Lucent, who spoke about the need to understand and manage relationships when working with large accounts in the public sector.  He told us of the all too real possibility of eliminating deals as “no go” too soon in the process, due to a lack of technical ability, while relationships and networks can save the day and help both sides of the deal develop new products and therefore new business opportunities.

Serge Papo, President and co-founder of Nomination, demonstrated how important it is to follow decision makers as they make career changes.  He used illustrations from Nomination’s own business case studies and during a live demonstration let us see the “musical chairs” in some large companies.

Christian Maurer, co-author of this blog, spoke about the myth of the ultimate decisionmaker.  He drew on his experience as an independent sales and business consultant to show how there are influencers working behind the scenes in every decision, and also how the role and positioning of the decision maker changes with the company culture.

Jean-François Ruiz, co-founder of PowerOn showed how to use social networking sites like Twitter and LinkedIn to for new business development in a B2B context.  He gave a concrete example of recent work PowerOn has done to develop leads and sales for a client using the technique “collaborative white book”.

Hervé Debaecker, Chief Methodologist from Perfluence, spoke about the need to manage the relationship capital of a company.  Based on years of experience and feedback from many clients, he gave approaches to doing this and ways that a sales team in a complex sales situation can work together to manage their ecosystem.

Matthieu Aubusson and Sébastien Leroyer from PricewaterhouseCoopers spoke about strategic value selling.  Matthieu started with a precise and informed description of what exactly is strategic value selling and how to go about ensuring your company provides it.  Sébastien continued by sharing information from PwC about the reality of what companies are actually doing versus what they should be.

Antoine de Septenville, Chief Technology Officer from Perfluence, introduced the Sales Data Hub.  He spoke about recent and continuing trends in IT, in sales, and in data management systems.  Using “pivots & facettes” he showed how it is possible to combine several systems to answer a company’s particular needs.

Sophie Galoo from ADP-GSI showed how to bring value to clients by enlarging the shared ecosystem.  She told us how ADP-GSI has moved very quickly from working alone as an HR specialist, to now working within and managing their ecosystem, including their partners and competitors in their scope.  She laid out the essential question that anyone embarking on this route will need to ask themselves.

Then two speakers shared their insights into different cultures and how these affect the networks and relationships.  Sam Wellington from Safran spoke about Brazil.  Starting from a historical perspective he showed how networks in Brazil are created and maintained.  Jean-Michel Terrier from Altair gave his experiences of working with Asian cultures, notably China and Japan.  He was able to draw comparisons between these cultures, the Anglo-Saxon culture and the French culture.

The day finished with a round table chaired by Christian Maurer with the following experts.
David Gotchac from E-DEAL, Thomas Cochin from Microsoft Dynamics, Khalid Madarbokus from Oracle and Hervé Debaecker from Perfluence.  They discussed the triangle of people, processes and tools, and the efficiency of CRMs to manage this.  The question of how to achieve high adoption of any tool was raised along with the importance of good change management.  The general conclusion was that any IT system should be sales method agnostic and that users would adopt it if / when they could see that it served their own best interests.

Special thanks for
Matthieu and Sébastien from PwC, who stepped up at the eleventh hour and gave a remarkably solid presentation.
Sam, who came from Brazil not just for us but it was very appreciated.

Apologies to
Sophie, who had her presentation cut short.  About half the audience came to complain to me in person.

As I get in the blog posts from the speakers I’ll add links to their posts to this page.
Please feel free to comment and share your ideas on this.

Cate Farrall

Friday, March 16, 2012

Network Coverage in o2o selling



My network
I know my own professional network well and I have a good idea of:
·         Who I know
·         How well I know them and how well we get on
·         Where they work and what they do
·         And any other relevant information that’s going to help me win and drive business

If I am lucky, I work in a company that encourages me to share my network information with my coworkers, so we can use the combined power of our relationships to work more efficiently and quickly with outside contacts.

Client’s network
I may also have some idea about the network of my own professional contacts, especially those who make up my client list.  I have an understanding of:
·         Who my client knows
·         How well my client knows them and how well they get on
·         Where my client’s contacts work and what they do
·         And any other relevant information that’s going to help me win and drive business

Network coverage
It’s also good to know, and some of you may have the tool to help you visualize and share this information, how my network overlaps with my client’s network.  In other words, how many of the people in my client’s ecosystem are in contact with the people from my company.  When working in an o2o sales environment (see our post of March 9th2012) having this kind of insight is essential.



A
n
d
r
e
w
K
a
r
e
n
D
e
b
o
r
a
h
E
s
t
h
e
r
V
a
l
e
r
i
e
John

X
X

X
Khalid
X
X
X


Annabel





Jamie

X



Phil
X
X


X
Steve


X


In the table here, the people in green are part of my company and the people in blue make up the client’s company.  I admit, it’s neither a big or complex ecosystem, but I think you’ll get the point.
The crosses show who knows who.  It’s as simple as that.
The ability to assess your network coverage as it evolves is important for two reasons.

1. Who knows who
I can see that Karen knows a lot of people in that account.  This makes sense as she’s the KAM.  Esther is new to the team, so she doesn’t yet have contacts here.

This kind of insight can help me to plan and organize my team to prepare for situations like maternity leave, retirements, people moving on to another job, etc.  If Karen informs me tomorrow that she is pregnant, I can I react quickly to work out how best to fill the holes in my network coverage in time for a smooth handover.  Using my chart it looks like Deborah is currently best placed, although she would need to build up relationships with Jamie and Phil.  Alternatively, I could chose to bring new blood and fresh eyes to the account, and decide to get Esther involved.  This all depends on the real business case and my motivations behind decisions.

And, when Karen comes back to work, I can look at my network coverage again to work out what to do for the best.  As the concept of a job for life is evaporating, being able to do this kind of analysis quickly and simply is becoming more and more important.

2. Who isn’t known
Looking at my simplified network coverage, I can see that Annabel isn’t in contact with anyone from my team.  Depending on who Annabel is, this may or may not be important.  Given that she is part of my client’s ecosystem, I should at the very least identify her and her role.  And then, depending on my business objectives and the role that Annabel plays, assign the job of getting in touch with her to someone in my team.

Adequate tool support?
While the sample table above could easily be presented in an excel sheet, the problem is to keep the information up to date with other aspects of my relationship intelligence.  And herein lies the challenges.  You should not be surprised if your CRM systems cannot provide you with this functionality.  Even plug ins that can augment CRM functionalities are rare to find.  I actually know of only one. Do not hesitate to conatact me if you want to know more.


Cate Farrall