Archives for: November 2006

11/15/06

A couple of months ago, I was talking to a sales VP at a computer peripherals manufacturer about SalesQB’s sales planning services. She was excited about the fact that we could help her sales reps bridge the gap between their products and their customer’s business issues. But, one of her comments left me thinking. She said, “Our industry is rapidly moving to a solution selling model and, now, we are all about business process improvement.”

Over the past 15 years, sales reps have effectively sold business process improvement products / services (viz. ERP, CRM, SCM etc.) worth hundreds of billions of dollars. Business process reengineering (BPR) was the mantra that was chorused by software / hardware vendors, industry analysts, academia and management consulting firms during the 1990s. The idea looked great on paper and spawned huge process reengineering projects among large and mid-sized companies. Today, most analysts will agree that not all the results that BPR promised have indeed been delivered. In fact, I would argue that the web 2.0 trend is helping us move in the other direction, away from consolidation and best practices to smaller, nimble, personalized services that cater to niche audiences,

The undercurrent here is that industry sectors that have lagged the solution selling cycle are very easily seduced by the BPR value proposition. But it is too little, too late. Yes, end-users and mid-management decision makers might still be receptive to process improvement pitches, but it is now very difficult to make a board-room sale with a BPR value proposition. Executives have a “been-there, done-that”, lackadaisical attitude towards BPR. What executives do care about today are hard KPIs (key performance indicators) that directly impact them. For example, a sales VP cares about deal closure rates, average sales cycle length, sales support costs and new rep ramp-up time. A sales VP today doesn’t care much about improving his sales process or methods.

So, a word of advice for reps who are still selling BPR solutions. Identify your executive sponsor, figure out what KPIs he loses sleep over and develop a value proposition that enables him to improve his KPIs. You will dramatically improve your deal closure rates!

Let me know what you think.

Sampath

Permalink 367 words by Sampath Email , 112 views • Send feedback

11/01/06

11:00:07 pm, Categories: About  

Sampath is a serial entrepreneur and has significant experience in general management, sales, marketing & IT. He is a graduate of the Indian Institute of Technology (Delhi), Temple University and is a Fellow of the Wharton School of Business. He has authored numerous patents, books & articles. His current venture is SalesQB. For his complete LinkedIn profile, click here

Permalink 59 words by Sampath Email , 198 views • Send feedback
04:10:36 pm, Categories: About  

The world is becoming more complicated by the day. And there are new perspectives being offered by the minute. This blog is my attempt to use common sense to simplify things a bit from an entrepreneur’s perspective. And as the cliché goes, "Common sense isn't all that common." Over the last several years, I have learnt a lot by launching a couple of companies. The kind of stuff that you can't learn at B-School. Most often, my learnings seem counter-intuitive, or certainly against the current schools of "Business-as-Usual" thought. Hence, I call my blog Business Unusual. Hope you find my ramblings of some value. If you have any suggestions, please let me know through a comment on any of my posts. Happy reading!

Permalink 124 words by Sampath Email , 159 views • Send feedback
02:25:46 pm, Categories: About  

I am always on the lookout for like-minded entrepreneurs with whom I can engage in meaningful conversations. Numerous seasoned executives & entrepreneurs have gone out of their way to help me. My last two ventures would not have taken off the ground without their help & mentoring. And I try do my bit to give back to the entrepreneurial community. "Give more than you take", as the saying goes. So, if you think it makes sense for us to meet, please send me an email (as a comment through any of the posts on this blog) with some background info, and I will get back to you shortly.

Permalink 108 words by Sampath Email , 197 views • Send feedback