Winning New Consulting Business

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    Winning New Consulting Business - Presentation Transcript

    1. Winning New Business Download the full document at: www.gazhoo.com
      • Though individual situations differ, our most successful selling partners revealed five key elements of winning proposals.
      • We will provide you with the tools to immediately develop proposals using the Winning New Business approach.
      The objective of this module is to provide a deeper understanding of how to win new business. - - Platform for Success Download the full document at: www.gazhoo.com
      • Identify internal best practices
      The goal of Winning New Business is to increase Strategy’s win rate by identifying best practices from clients, partners, and proposals. - - Methods
      • Understand client buyer values
      • Dissect superior proposals
      Data Sources
      • 10 Recent client interviews
        • Long term XYZ loyalists
        • New clients and former clients
        • CEOs, Presidents, Division Heads, Functional Heads
      • 9 Proposal reviews
        • Including Marconi Communications, Frito-Lay Europe, Sophus-Berendsen, Compaq Computer, BT/AT&T, Marriott, Ocean Spray, Block Drug
      • 4,200+ GBD opportunities from 9/1/98 through 1/31/99
        • 600+ opportunities led by a Strategy partner
      • 31 Strategy partner interviews
        • 20% of the firm’s Strategy partnership
        • Primarily those with many Alpha + and Beta wins
      Download the full document at: www.gazhoo.com Objective Increase win rate of Strategy new business opportunities
    2. While all opportunities are different, nearly every partner and client interviewed emphasized five key elements that influence our chance of success - when consistently applied. - - Five Elements of Winning New Business Interaction
      • Relationship
      • Professional trust and empathy
      • Measurable strength of relationship
      • How clients feel about XYZ and what we know about the client
      • Message
      • XYZ’s response on how to address the issue
      • Issue
      • Scope and context of what should be addressed
      • Making issues and setting direction
      • Interaction
      • Quantity and quality of contacts between Client and XYZ as proposal is being developed
      • Client access and company knowledge
      • Team
      • Those who prepare the proposals and meet with the clients
      • Collaboration, leadership, “on the ground capability”
      Interaction enables the understanding of issues . XYZ should quickly assemble a team which is most capable of responding to the issues . The team should develop the appropriate messages while in parallel building the right relationships . Five Key Elements Download the full document at: www.gazhoo.com Issue Message Team Relationship Interaction
    3. The focused pursuit of recurring relationships benefits both the client and XYZ because it enables us to understand client issues better, strengthen the five key success elements and to ultimately add more value. - -
      • Keep client’s needs in the forefront
      • Build peripheral vision of client issues while executing current engagement
      • Reduce proposal efforts through better understanding of client issues ( smaller images )
      • Strengthen the five elements ( darker images )
      • These factors all lead to more value added to the client ( upward sloping images )
      • One additional win for every three Strategy partners (53 additional wins per year) leads to:
        • 3% increase in Strategy chargeability  3% increase in partner unit value
      Client Value Time Sense and Seed Five Elements of Winning New Business Download the full document at: www.gazhoo.com
    4. Interaction is the means to pursue discovery, collaborative problem solving and to demonstrate commitment to the client. - -
      • Embark on Discovery Process
      Critical Elements Why we should do this
      • Make Problem Solving Collaborative
      • Demonstrate Disproportionate Commitment vs. Expectations
      • Understand buyer values and demonstrate empathy for the client’s situation
      • Develop buy-in for XYZ’s capabilities, expertise, and client chemistry
      • Show XYZ’s commitment and thereby gain client’s trust
      Interaction
      • Consider Abandoning Bids where Client Interaction is Restricted
      • Invest XYZ resources wisely
      Five Elements of Winning New Business Download the full document at: www.gazhoo.com Issue Message Team Relationship Interaction

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