Leading Practices in Solution Sales: An Overview of Accenture ...
Leading Practices in Solution Sales: An Overview of Accenture ...
Leading Practices in Solution Sales: An Overview of Accenture ...
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<strong>Accenture</strong> Communications & High Tech <strong>Solution</strong>s<br />
<strong>Lead<strong>in</strong>g</strong> <strong>Practices</strong> <strong>in</strong> <strong>Solution</strong> <strong>Sales</strong>:<br />
<strong>An</strong> <strong>Overview</strong> <strong>of</strong> <strong>Accenture</strong> Research<br />
and Insights
<strong>Accenture</strong> research and practice have identified<br />
<strong>in</strong>dustry-lead<strong>in</strong>g practices that can help<br />
companies achieve high performance with<br />
the capability to sell solutions that meet their<br />
clients’ most important value propositions.<br />
Achiev<strong>in</strong>g high performance with solution sales<br />
For sales organizations <strong>in</strong> most <strong>in</strong>dustries<br />
today, “solution sales”—the capability<br />
to sell customers total packages<br />
<strong>of</strong> solutions rather than <strong>in</strong>dividual<br />
products or services—has become a<br />
strategic imperative to achieve high<br />
performance. Communications, electronics<br />
and high-tech companies <strong>in</strong><br />
particular—faced with the prospect<br />
<strong>of</strong> dim<strong>in</strong>ished revenues because <strong>of</strong><br />
product commoditization and<br />
<strong>in</strong>creased customer expectations—<br />
now see solution sales as a critical<br />
<strong>in</strong>itiative, enabl<strong>in</strong>g them to move up<br />
the value stack to become more deeply<br />
engra<strong>in</strong>ed <strong>in</strong> the buy<strong>in</strong>g culture <strong>of</strong><br />
their customers.<br />
2 <strong>Accenture</strong> Communications & High Tech <strong>Solution</strong>s<br />
<strong>Accenture</strong> research <strong>in</strong>to the characteristics<br />
<strong>of</strong> high-performance bus<strong>in</strong>esses<br />
has demonstrated that the most successful<br />
companies create and exploit a<br />
set <strong>of</strong> dist<strong>in</strong>ctive, hard-to-replicate<br />
capabilities that deliver the promised<br />
customer experience. <strong>Solution</strong> sell<strong>in</strong>g<br />
is one <strong>of</strong> those capabilities that can<br />
lead to improved bus<strong>in</strong>ess performance.<br />
In the communications <strong>in</strong>dustry,<br />
for example, the ability to sell solutions<br />
has been one <strong>of</strong> the biggest<br />
levers <strong>of</strong> high performance over the<br />
last seven years, account<strong>in</strong>g for seven<br />
to n<strong>in</strong>e percent <strong>of</strong> the difference <strong>in</strong><br />
total return to shareholders.
Keys to successful<br />
solution sales<br />
Companies typically seek to develop a<br />
solution-sell<strong>in</strong>g capability to expand<br />
their value proposition to customers.<br />
Yet some companies falter because <strong>of</strong><br />
an <strong>in</strong>complete understand<strong>in</strong>g <strong>of</strong> the<br />
scope <strong>of</strong> change required to sell<br />
complete solutions.<br />
Many sales organizations around the<br />
world today are th<strong>in</strong>k<strong>in</strong>g <strong>of</strong> solution<br />
sales <strong>in</strong> terms <strong>of</strong> bundles or collections<br />
<strong>of</strong> assets. But those concepts do not<br />
quite address the primary need. A<br />
bundle may sound too much like “just<br />
more products,” and may even be an<br />
<strong>in</strong>advertent turn-<strong>of</strong>f to the harried<br />
buyer struggl<strong>in</strong>g to do more with less.<br />
The real differentiator is the bus<strong>in</strong>ess<br />
understand<strong>in</strong>g and <strong>in</strong>dustry expertise<br />
that lie beh<strong>in</strong>d the bundle. You’re not<br />
sell<strong>in</strong>g the bundle; you’re sell<strong>in</strong>g the<br />
solution that the bundle enables.<br />
To be successful, solution sell<strong>in</strong>g must<br />
successfully deliver a unique comb<strong>in</strong>ation<br />
<strong>of</strong> products and services, designed<br />
to solve a specific bus<strong>in</strong>ess problem<br />
and to drive tangible bus<strong>in</strong>ess value,<br />
meet<strong>in</strong>g the exact needs <strong>of</strong> a specific<br />
customer.<br />
Successful solution sell<strong>in</strong>g <strong>in</strong>volves<br />
creat<strong>in</strong>g value <strong>in</strong> a “whole that is<br />
greater than the sum <strong>of</strong> the parts.”<br />
So solution sell<strong>in</strong>g is as much about<br />
how you sell as what you sell.<br />
Companies that achieve high performance<br />
through solutions sales know<br />
how to leverage a thorough understand<strong>in</strong>g<br />
<strong>of</strong> customers and their objectives<br />
to tailor a value proposition that<br />
creates quantifiable bus<strong>in</strong>ess benefits.<br />
The <strong>Accenture</strong> <strong>Sales</strong><br />
Transformation <strong>Solution</strong><br />
For organizations seek<strong>in</strong>g rapid<br />
improvement <strong>in</strong> sales performance<br />
through the sell<strong>in</strong>g <strong>of</strong> solutions, we<br />
have pioneered the <strong>Accenture</strong> <strong>Sales</strong><br />
Transformation <strong>Solution</strong>, which can<br />
deliver significant, quantifiable value<br />
quickly and with m<strong>in</strong>imal risk. Our<br />
proven assets support the key<br />
characteristics <strong>of</strong> effective sales<br />
organizations along three dimensions:<br />
• Alignment. To successfully sell solutions,<br />
companies must align their<br />
sales people and programs with the<br />
customers, channels and solutions<br />
most likely to produce the best marg<strong>in</strong>s<br />
and revenues.<br />
• Behaviors. <strong>Solution</strong> sell<strong>in</strong>g requires<br />
support<strong>in</strong>g the new sales behaviors<br />
that will most effectively implement<br />
the sales strategy. Deep <strong>Accenture</strong><br />
experience with lead<strong>in</strong>g-edge learn<strong>in</strong>g<br />
techniques such as performance<br />
simulation can improve not only the<br />
depth <strong>of</strong> knowledge the sales force<br />
has about new solutions and products,<br />
but how they perform to sell<br />
them successfully. Encourag<strong>in</strong>g the<br />
right behaviors also <strong>in</strong>volves new<br />
approaches to design<strong>in</strong>g performance<br />
management processes, metrics,<br />
compensation, rewards, hir<strong>in</strong>g<br />
and sourc<strong>in</strong>g.<br />
• Capabilities. The entire sales organization<br />
must be supported with more<br />
powerful capabilities. This means<br />
design<strong>in</strong>g and implement<strong>in</strong>g the<br />
right sales processes and tools, and<br />
by implement<strong>in</strong>g customer analytics<br />
to focus the sales organization on<br />
the best opportunities, messages,<br />
buyers and sales tactics.<br />
For example, to effectively sell solutions,<br />
a sales organization must be<br />
able to understand and calculate the<br />
potential return on <strong>in</strong>vestment (ROI) <strong>of</strong><br />
particular buyers. For one <strong>of</strong> our<br />
clients, we implemented an ROI calculator<br />
as part <strong>of</strong> its new solution sales<br />
methodology. This asset helped the<br />
sales force to th<strong>in</strong>k more clearly and<br />
rigorously about the bus<strong>in</strong>ess reasons<br />
for each sale and how a solution<br />
would affect the customer f<strong>in</strong>ancially.<br />
The tool ultimately helped the company’s<br />
sales people close more sales.<br />
The <strong>Accenture</strong> <strong>Sales</strong> Transformation<br />
<strong>Solution</strong> also <strong>in</strong>cludes a fast, practical<br />
diagnostic—scoped accord<strong>in</strong>g to your<br />
needs and budget—to help you<br />
evaluate, prioritize and improve your<br />
solution sales capabilities. The diagnostic<br />
is built on <strong>in</strong>dustry benchmarks,<br />
proven processes and capability<br />
research data. Structured, guided<br />
self-assessment tools and pre-packaged<br />
brief<strong>in</strong>g tools with assessment<br />
templates make the diagnostic easy to<br />
adm<strong>in</strong>ister. The result <strong>of</strong> the diagnosis<br />
is tangible results: a “report card” on<br />
your company’s solution sales effectiveness<br />
compared to benchmarks. The<br />
report also recommends and prioritizes<br />
improvement areas accord<strong>in</strong>g to likely<br />
f<strong>in</strong>ancial benefit. F<strong>in</strong>ally, the diagnosis<br />
gives leadership a common language<br />
by which to assess sales capabilities<br />
and set a path toward high<br />
performance.<br />
Industry-lead<strong>in</strong>g practices<br />
for successful solution<br />
sales<br />
Based on our experiences help<strong>in</strong>g<br />
clients successfully implement a<br />
solutions sales capability—and also<br />
based on our recognized leadership <strong>in</strong><br />
the CRM services market—<strong>Accenture</strong><br />
has researched a suite <strong>of</strong> <strong>in</strong>dustrylead<strong>in</strong>g<br />
practices that can help your<br />
company achieve high performance<br />
through a sales organization with<br />
deep capabilities <strong>in</strong> solution sales.<br />
<strong>Lead<strong>in</strong>g</strong> <strong>Practices</strong> <strong>in</strong> <strong>Solution</strong> <strong>Sales</strong> 3
<strong>Solution</strong><br />
transformation<br />
<strong>Sales</strong> alignment<br />
<strong>Sales</strong> behavior<br />
<strong>Sales</strong> capabilities<br />
These lead<strong>in</strong>g practices constitute<br />
the detailed components <strong>of</strong> an overall<br />
program that can set your company<br />
apart from the competition <strong>in</strong> creat<strong>in</strong>g<br />
deep capabilities <strong>in</strong> solution sales.<br />
These can be grouped accord<strong>in</strong>g to the<br />
“ABCs” <strong>of</strong> successful solution sales:<br />
alignment, behaviors and capabilities:<br />
<strong>Lead<strong>in</strong>g</strong> practices to enable<br />
sales alignment<br />
• <strong>Sales</strong> organization. Guidance from<br />
<strong>Accenture</strong> can help establish an<br />
effective sales organization structure,<br />
one <strong>in</strong>corporat<strong>in</strong>g both <strong>in</strong>ternal<br />
and external sales teams.<br />
• <strong>Sales</strong> support structure. This lead<strong>in</strong>g<br />
practice <strong>in</strong>cludes benchmarks<br />
from key communications and hightech<br />
companies with strong sales<br />
support organizations. These practices<br />
also address key issues for<br />
pric<strong>in</strong>g, quot<strong>in</strong>g and configuration.<br />
4 <strong>Accenture</strong> Communications & High Tech <strong>Solution</strong>s<br />
<strong>Solution</strong> sales core capabilities <strong>Solution</strong> sales is a broad set<br />
<strong>of</strong> sales alignment, behavior<br />
<strong>Sales</strong> organization<br />
<strong>Sales</strong> support structure<br />
Cross-organization alignment<br />
Learn<strong>in</strong>g and development<br />
Knowledge management and collaboration<br />
Incentive compensation management<br />
Customer <strong>in</strong>formation strategy<br />
Customer <strong>in</strong>sight and sales analytics<br />
Service sales<br />
<strong>Solution</strong> sales to small and medium bus<strong>in</strong>esses<br />
<strong>Solution</strong> sales to global accounts<br />
• Cross-organization alignment. To<br />
effectively sell and deliver solutions,<br />
many functions <strong>of</strong> the organization<br />
must coord<strong>in</strong>ate their activities and<br />
collaborate effectively. A number <strong>of</strong><br />
lead<strong>in</strong>g practices provide guidance<br />
<strong>in</strong> this area.<br />
<strong>Lead<strong>in</strong>g</strong> practices to promote<br />
the right sales behaviors<br />
• Learn<strong>in</strong>g and development.<br />
Traditional classroom tra<strong>in</strong><strong>in</strong>g, and<br />
courses focused primarily on product<br />
specifications, are not sufficient to<br />
enable a sales force to achieve competency<br />
<strong>in</strong> sell<strong>in</strong>g solutions.<br />
Performance simulation tra<strong>in</strong><strong>in</strong>g and<br />
other new techniques help sales<br />
people develop the behaviors that<br />
lead to success.<br />
• Knowledge management and<br />
collaboration. <strong>Solution</strong> sell<strong>in</strong>g<br />
depends on new knowledge management<br />
processes, sales portals and<br />
and capability components<br />
that enable a company to<br />
sell to its customers value<br />
propositions. By follow<strong>in</strong>g<br />
lead<strong>in</strong>g practices <strong>in</strong> these<br />
areas, companies can propel<br />
themselves faster toward<br />
high performance through<br />
their solution sales<br />
capabilities.<br />
collaboration tools that enable sales<br />
people to f<strong>in</strong>d the <strong>in</strong>formation needed<br />
and to work together to serve<br />
customers more effectively.<br />
• Incentive compensation management.<br />
To deliver solution sales, the<br />
sales force must be appropriately<br />
<strong>in</strong>cented and compensated. This<br />
lead<strong>in</strong>g practice addresses how to<br />
create the <strong>in</strong>frastructure to translate<br />
strategy <strong>in</strong>to deliver<strong>in</strong>g effective<br />
compensation <strong>in</strong>to the organization.<br />
Industry lead<strong>in</strong>g practices <strong>in</strong> this<br />
area are based on <strong>Accenture</strong> experience<br />
<strong>in</strong> sales compensation and<br />
related rewards strategies.<br />
<strong>Lead<strong>in</strong>g</strong> practices to create the<br />
right sales capabilities<br />
• Customer <strong>in</strong>formation strategy.<br />
Understand<strong>in</strong>g your customers is<br />
critical to effectively sell solutions.<br />
This lead<strong>in</strong>g practice outl<strong>in</strong>es a<br />
number <strong>of</strong> effective methods to help
you differentiate your organization<br />
through more comprehensive knowledge<br />
about your customers.<br />
• Customer <strong>in</strong>sight and sales<br />
analytics. Effectively sell<strong>in</strong>g<br />
solutions requires better customer<br />
<strong>in</strong>sight capabilities. This lead<strong>in</strong>g<br />
practice addresses tools, technologies<br />
and capabilities needed to identify<br />
your most valuable customers,<br />
households and customer segments<br />
to <strong>in</strong>crease the effectiveness <strong>of</strong> the<br />
sales organization.<br />
• Service sales. Most solution sales<br />
<strong>in</strong>clude services as a key component.<br />
This lead<strong>in</strong>g practice addresses service<br />
and warranty aspects <strong>of</strong> solution<br />
sell<strong>in</strong>g, as well as ways to <strong>in</strong>corporate<br />
services <strong>in</strong>to your solutions.<br />
• <strong>Solution</strong> sales to small and<br />
medium bus<strong>in</strong>esses. Small- and<br />
medium-sized bus<strong>in</strong>esses differ significantly<br />
<strong>in</strong> product requirements,<br />
buyer values, channel preferences<br />
and service and support needs.<br />
These lead<strong>in</strong>g practices address<br />
solution sales strategies for that<br />
segment.<br />
• <strong>Solution</strong> sales to global accounts.<br />
A global environment presents<br />
unique challenges to successful<br />
solution sell<strong>in</strong>g. This lead<strong>in</strong>g practice<br />
provides <strong>in</strong>sight <strong>in</strong>to how successful<br />
global sales organizations drive<br />
solution sales. <strong>Accenture</strong> provides<br />
guidance <strong>in</strong> this area based on our<br />
own strong capabilities with global<br />
sales strategies.<br />
For organizations seek<strong>in</strong>g to create a<br />
solution sales capability, <strong>Accenture</strong><br />
has pioneered <strong>in</strong>novative solutions<br />
that provide significant, quantifiable<br />
value quickly and with less risk. Our<br />
proven assets help companies achieve<br />
high performance by <strong>in</strong>creas<strong>in</strong>g the<br />
capabilities <strong>of</strong> their sales organizations<br />
<strong>in</strong> the alignment, behaviors and capabilities<br />
required for successful solution<br />
sell<strong>in</strong>g.<br />
Contact us<br />
As part <strong>of</strong> the <strong>Sales</strong> Transformation<br />
<strong>Solution</strong>, <strong>Accenture</strong> has created<br />
comprehensive solution packages<br />
with proven assets and experienced<br />
resources focused on each <strong>of</strong> these<br />
lead<strong>in</strong>g practices <strong>in</strong> solution sales.<br />
For more <strong>in</strong>formation on these<br />
lead<strong>in</strong>g practices, and about how<br />
<strong>Accenture</strong> can help you transform<br />
your sales organization to achieve<br />
high performance, please write us at<br />
comms.and.high.tech@accenture.com<br />
and mention “<strong>Solution</strong> <strong>Sales</strong> <strong>Lead<strong>in</strong>g</strong><br />
<strong>Practices</strong>.”<br />
<strong>Lead<strong>in</strong>g</strong> <strong>Practices</strong> <strong>in</strong> <strong>Solution</strong> <strong>Sales</strong> 5
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