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KEY ACCOUNT MANAGEMENT
WHAT IS KAM??? Key account management is a  strategic business  approach with the objective of ensuring long-term and sustainable business development through profitable partnerships with strategically important customers   Key account management is not an isolated business process . It is an  intégrative élément  of the business strategy .
STRATEGIC IMPLICATIONS KAM as core to business:  For KAM to be able to deploy its full potential and benefits,  it is crucial that it be positioned in the organization as a core to the business.  C apacity building:  Developing internal capabilities and capacity in terms of knowledge, structures, systems and tools is a requirement for long-term success
OBJECTIVES OF KAM ,[object Object],[object Object],[object Object],[object Object]
THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Bussiness Acquisition & Retention
HOW TO GO ABOUT IN KAM??? penetration New Product Development Market Extension On Product Lines Market Development
THE BUSINESS PARADIGM
MANAGING KEY ACCOUNTS Business resources Business objective Mrkting Oppurinities Managing the future must be continual process of analysis, reassessment and change KAM is about managing people
SELLING MILLIPORE SERVICE
THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Understanding what customer really wants
THE NEED VS RESULT ANALYSIS Current State Desired Future state “ c” buys what they need to,so they can get what they want. They don’t want a solution ,what they want is result.
THE BUSINESS ACTION DRIVERS
WHY KAM??? 1.KAM is a process for  “finding new opportunities” 2.KAM is a means to provide  uniform service and selling solutions 3. KAM is a means which focuses on  providing solutions for overcoming barriers
THE KAM PROCESS
WHO IS OUR PROSPECT??? ASSESSMENT CRITERIA POINTS SCORE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Selling to key accounts
PORTER’S ANALYSIS Competitive rivalry Threat Of  New entrants Bargaining power of buyer’s Bargaining power of supplier Threat of New substitute
SELLING TO KEY ACCOUNTS
ASPECTS OF SOLUTION SELLING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
THE DIMENSIONS OF SOLUTION SELLING  No. of efforts normal large critical choice Std. products New solu adaptation Small adaptation Selling solutions Marginal sales efforts sellers
SOLUTION SELLING
THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Managing key accounts
LET’S CONSIDER SIX POSSIBLE OBJECTIVES ,[object Object],[object Object],[object Object],[object Object],[object Object]
ACCOUNT STRATEGY PLAN
THE KEY ACCOUNT RELATIONSHIP DEVELOPMENT MODEL HIGH LOW HIGH LOW KAR SUCCESS % STRATEGY
 
KEY ACCOUNT MANAGEMENT THANK YOU

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Key Account Management

  • 2. WHAT IS KAM??? Key account management is a strategic business approach with the objective of ensuring long-term and sustainable business development through profitable partnerships with strategically important customers Key account management is not an isolated business process . It is an intégrative élément of the business strategy .
  • 3. STRATEGIC IMPLICATIONS KAM as core to business: For KAM to be able to deploy its full potential and benefits, it is crucial that it be positioned in the organization as a core to the business. C apacity building: Developing internal capabilities and capacity in terms of knowledge, structures, systems and tools is a requirement for long-term success
  • 4.
  • 5. THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Bussiness Acquisition & Retention
  • 6. HOW TO GO ABOUT IN KAM??? penetration New Product Development Market Extension On Product Lines Market Development
  • 8. MANAGING KEY ACCOUNTS Business resources Business objective Mrkting Oppurinities Managing the future must be continual process of analysis, reassessment and change KAM is about managing people
  • 10. THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Understanding what customer really wants
  • 11. THE NEED VS RESULT ANALYSIS Current State Desired Future state “ c” buys what they need to,so they can get what they want. They don’t want a solution ,what they want is result.
  • 13. WHY KAM??? 1.KAM is a process for “finding new opportunities” 2.KAM is a means to provide uniform service and selling solutions 3. KAM is a means which focuses on providing solutions for overcoming barriers
  • 15.
  • 16. THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Selling to key accounts
  • 17. PORTER’S ANALYSIS Competitive rivalry Threat Of New entrants Bargaining power of buyer’s Bargaining power of supplier Threat of New substitute
  • 18. SELLING TO KEY ACCOUNTS
  • 19.
  • 20. THE DIMENSIONS OF SOLUTION SELLING No. of efforts normal large critical choice Std. products New solu adaptation Small adaptation Selling solutions Marginal sales efforts sellers
  • 22. THINK LIKE YOUR CUSTOMER: Managing & selling to key accounts- Managing key accounts
  • 23.
  • 25. THE KEY ACCOUNT RELATIONSHIP DEVELOPMENT MODEL HIGH LOW HIGH LOW KAR SUCCESS % STRATEGY
  • 26.