SlideShare a Scribd company logo
1 of 21
Download to read offline
BP350 : Decision Making
(Framing, Gathering Intelligence, Coming to Conclusions, and Learning from Experience)
AJ Ansari, InterDyn BMI
Infor
IFSOracle
SAP
NetSuite
SysPro
EpicorGP
AX
NAV
Decision Making
The cognitive process resulting in the selection of a
course of action among several alternative scenarios.
-Wikipedia
• Competing Products
• Competing VARs / Vendors
• The Status Quo
• Moods
• Pre-Existing Biases
• Other Conditions and
Circumstances
The Decision Making Process
Recognize a
Need
Search for
Information
• Where we come
in
• Can our prospects
find us?
• Referrals,
Marketing, SEO,
Social Media
Evaluate
Alternatives
• Opportunity to
differentiate
• Respond to
Objections
• Highlight
competitive
advantages
Buying
Decision
• Limited
opportunities
• Sweeten the pot
• Proof-of-concept
Post-
Purchase
Evaluation
• Learning
opportunity,
regardless of win
or loss
The 2% Factor: So Near Yet So Far
The difference between winning and coming second is usually… 2%*
We couldn’t bridge the gap. Now what?
• A time for moral victories?
• Or a catalyst for improvement?
* Source: http://tiny.cc/jq1m4w
Keys to Winning
Connecting with your Prospect
• Willingness to listen & learn
• Ability to uncover needs
• Understanding the Decision
Maker’s Personality:
What makes them tick?
A Strong Product or Solution
• Features & Functionality
• Competitive pricing
• Your Knowledge of Product
• Your Ability to Demonstrate
Connecting with your Prospect
We know to tailor our demonstrations and sales pitch for
each prospect based on their business
But are you tailoring your message to appeal to the
personality of the Decision Maker(s)?
The Human Brain & The Decision Making Process
IntuitiveRational
9 Personality Traits in the Marketplace
1. The Improver
2. The Advisor
3. The Superstar
4. The Artist
5. The Visionary
6. The Analyst
7. The Hero
8. The Fireball
9. The Healer
Source: http://tiny.cc/ho1m4w
9 Personality Traits in the Marketplace
The Improver
• Want their company to improve
the world
• High emphasis on integrity and
ethics
• Perfectionist
• Over-critical of employees,
customers & vendors
The Advisor
• Highly Customer-focused
• Desire to assist and advise
customers
• May focus too much on clients
and ignore the needs of own
business and employees
• Work too hard and burn out
9 Personality Traits in the Marketplace
The Superstar
• Very charismatic, high energy
• Personal Brand
• Highly competitive
• Workaholic
The Artist
• Reserved and Creative
• Likes to be surrounded by unique
talent
• Overly sensitive to criticism and
feedback
• May have a negative self-image
9 Personality Traits in the Marketplace
The Visionary
• A Vision for the future
• Demonstrates curiosity to
understand the world
• Has the foresight to plan for
landmines that may lie ahead
• May be too focused on the
dream and less on reality
The Analyst
• Focus on a systematic approach
• Good at problem solving
• Beware of Analysis Paralysis
• May have less trust in others’
ability
9 Personality Traits in the Marketplace
The Hero
• The quintessential entrepreneur
• Ability to lead through
challenging situations
• Tendency to over-promise
• May resort to forceful tactics
The Fireball
• Full of life, energy and optimism
• Focuses on a positive attitude
and fun, playful environment
• May be too impulsive
• Can over-commit their teams
9 Personality Traits in the Marketplace
The Healer
• Focuses on nurturing
• Promotes a harmonious
environment
• Too much wishful thinking and
avoiding outside realities
• May be unprepared for turmoil
How Self-Aware are You?
• Perception is reality. How are your prospects
perceiving you?
• Are you leveraging your strengths and working on
your weaknesses?
Knowing is half the battle
Understanding Personality Types
Attitude
Extraversion
Introversion
Information
Gathering
Sensing
INtuitive
Decision-
Making
Thinking
Feeling
Structure
Orientation
Judging
Perceiving
The Myers-Briggs Type Indicator (MBTI)
Strategic Thinking and Decision Making
* Source: http://www.youtube.com/watch?v=DIdD9DiAyjo
Coming to Conclusions: Making Hard Decisions
• There are decisions that are the prospects’ to make
• We can help that process and influence them
• But what about the decisions that we have to
make?
Making the Hard Decisions…
• Should we pursue this lead?
• Is it a good use of our time and resources?
• Is this an area we are strong in?
• Can our products and solutions meet the needs?
• Do we have the knowledge and experience to be credible?
• And of course: Can the prospect realistically afford our solution?
Are you willing to Walk Away?
Let’s Get Real or Let’s Not Play *
• Transcend the fear-based relationship between buyers
and sellers
• Break the vicious cycle and build trust by focusing on
“Helping Clients Succeed”
* Recommended reading. Author: Mahan Khalsa
Please remember to fill out your session evaluation forms.
Thank You!
AJ Ansari

More Related Content

Similar to Directions 2013 - BP350 - Decision Making (AJ Ansari) 16-9

Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31
Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31
Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31Finnich Vessal
 
Business in Turblent times IIMM
Business in Turblent times IIMMBusiness in Turblent times IIMM
Business in Turblent times IIMMRamesh Sangare
 
Queen's Executive MBA Presentation
Queen's Executive MBA PresentationQueen's Executive MBA Presentation
Queen's Executive MBA Presentationjoelleatbluera
 
HDI Capital Area Meeting Slides October 2015
HDI Capital Area Meeting Slides October 2015HDI Capital Area Meeting Slides October 2015
HDI Capital Area Meeting Slides October 2015hdicapitalarea
 
Power Up Your Communications Career
Power Up Your Communications CareerPower Up Your Communications Career
Power Up Your Communications CareerTracy Imm
 
Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)Mufaddal Zakir
 
American Hospital Assn. PR Execs
American Hospital Assn.  PR ExecsAmerican Hospital Assn.  PR Execs
American Hospital Assn. PR Execsmjsumption
 
taking your business & professional practice to new heights
taking your business & professional practice to new heightstaking your business & professional practice to new heights
taking your business & professional practice to new heightsCA. (Dr.) Rajkumar Adukia
 
Investor’s View: Understanding and avoiding biases
Investor’s View: Understanding and avoiding biases Investor’s View: Understanding and avoiding biases
Investor’s View: Understanding and avoiding biases Paul Asel
 
Smart Decisionmaking for your career planning and growth !
Smart Decisionmaking for your career planning and growth !Smart Decisionmaking for your career planning and growth !
Smart Decisionmaking for your career planning and growth !sanjeeev bahadur, m.tech,mba
 
Smg conference presentation
Smg conference presentationSmg conference presentation
Smg conference presentationMark Williams
 
Pune TiECON -- Second Orbit Presentation
Pune TiECON -- Second Orbit PresentationPune TiECON -- Second Orbit Presentation
Pune TiECON -- Second Orbit PresentationAnand Deshpande
 
Johns hopkins innovation factory entrepreneur development program #5
Johns hopkins innovation factory entrepreneur development program #5Johns hopkins innovation factory entrepreneur development program #5
Johns hopkins innovation factory entrepreneur development program #5Glenn Alpert
 
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAA
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAALandmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAA
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAAPlatform Houston
 
MBA Career development-presentation
MBA Career development-presentationMBA Career development-presentation
MBA Career development-presentationmbeuses
 
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...Byron Wigodner
 
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...Byron Wigodner
 

Similar to Directions 2013 - BP350 - Decision Making (AJ Ansari) 16-9 (20)

Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31
Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31
Azhar microsoft-bizspark-entrepreneurs-march-11-2009-ver-31
 
Opportunity Discovery
Opportunity DiscoveryOpportunity Discovery
Opportunity Discovery
 
Business in Turblent times IIMM
Business in Turblent times IIMMBusiness in Turblent times IIMM
Business in Turblent times IIMM
 
Queen's Executive MBA Presentation
Queen's Executive MBA PresentationQueen's Executive MBA Presentation
Queen's Executive MBA Presentation
 
Bill Spruill | BoS USA 2022
Bill Spruill | BoS USA 2022Bill Spruill | BoS USA 2022
Bill Spruill | BoS USA 2022
 
HDI Capital Area Meeting Slides October 2015
HDI Capital Area Meeting Slides October 2015HDI Capital Area Meeting Slides October 2015
HDI Capital Area Meeting Slides October 2015
 
Power Up Your Communications Career
Power Up Your Communications CareerPower Up Your Communications Career
Power Up Your Communications Career
 
Entreprenuership
EntreprenuershipEntreprenuership
Entreprenuership
 
Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)
 
American Hospital Assn. PR Execs
American Hospital Assn.  PR ExecsAmerican Hospital Assn.  PR Execs
American Hospital Assn. PR Execs
 
taking your business & professional practice to new heights
taking your business & professional practice to new heightstaking your business & professional practice to new heights
taking your business & professional practice to new heights
 
Investor’s View: Understanding and avoiding biases
Investor’s View: Understanding and avoiding biases Investor’s View: Understanding and avoiding biases
Investor’s View: Understanding and avoiding biases
 
Smart Decisionmaking for your career planning and growth !
Smart Decisionmaking for your career planning and growth !Smart Decisionmaking for your career planning and growth !
Smart Decisionmaking for your career planning and growth !
 
Smg conference presentation
Smg conference presentationSmg conference presentation
Smg conference presentation
 
Pune TiECON -- Second Orbit Presentation
Pune TiECON -- Second Orbit PresentationPune TiECON -- Second Orbit Presentation
Pune TiECON -- Second Orbit Presentation
 
Johns hopkins innovation factory entrepreneur development program #5
Johns hopkins innovation factory entrepreneur development program #5Johns hopkins innovation factory entrepreneur development program #5
Johns hopkins innovation factory entrepreneur development program #5
 
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAA
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAALandmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAA
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAA
 
MBA Career development-presentation
MBA Career development-presentationMBA Career development-presentation
MBA Career development-presentation
 
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
 
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
Bwigodner recruitment, motivation. key traits & retention of efficacious acco...
 

Directions 2013 - BP350 - Decision Making (AJ Ansari) 16-9

  • 1. BP350 : Decision Making (Framing, Gathering Intelligence, Coming to Conclusions, and Learning from Experience) AJ Ansari, InterDyn BMI Infor IFSOracle SAP NetSuite SysPro EpicorGP AX NAV
  • 2. Decision Making The cognitive process resulting in the selection of a course of action among several alternative scenarios. -Wikipedia • Competing Products • Competing VARs / Vendors • The Status Quo • Moods • Pre-Existing Biases • Other Conditions and Circumstances
  • 3. The Decision Making Process Recognize a Need Search for Information • Where we come in • Can our prospects find us? • Referrals, Marketing, SEO, Social Media Evaluate Alternatives • Opportunity to differentiate • Respond to Objections • Highlight competitive advantages Buying Decision • Limited opportunities • Sweeten the pot • Proof-of-concept Post- Purchase Evaluation • Learning opportunity, regardless of win or loss
  • 4. The 2% Factor: So Near Yet So Far The difference between winning and coming second is usually… 2%* We couldn’t bridge the gap. Now what? • A time for moral victories? • Or a catalyst for improvement? * Source: http://tiny.cc/jq1m4w
  • 5. Keys to Winning Connecting with your Prospect • Willingness to listen & learn • Ability to uncover needs • Understanding the Decision Maker’s Personality: What makes them tick? A Strong Product or Solution • Features & Functionality • Competitive pricing • Your Knowledge of Product • Your Ability to Demonstrate
  • 6. Connecting with your Prospect We know to tailor our demonstrations and sales pitch for each prospect based on their business But are you tailoring your message to appeal to the personality of the Decision Maker(s)?
  • 7. The Human Brain & The Decision Making Process IntuitiveRational
  • 8. 9 Personality Traits in the Marketplace 1. The Improver 2. The Advisor 3. The Superstar 4. The Artist 5. The Visionary 6. The Analyst 7. The Hero 8. The Fireball 9. The Healer Source: http://tiny.cc/ho1m4w
  • 9. 9 Personality Traits in the Marketplace The Improver • Want their company to improve the world • High emphasis on integrity and ethics • Perfectionist • Over-critical of employees, customers & vendors The Advisor • Highly Customer-focused • Desire to assist and advise customers • May focus too much on clients and ignore the needs of own business and employees • Work too hard and burn out
  • 10. 9 Personality Traits in the Marketplace The Superstar • Very charismatic, high energy • Personal Brand • Highly competitive • Workaholic The Artist • Reserved and Creative • Likes to be surrounded by unique talent • Overly sensitive to criticism and feedback • May have a negative self-image
  • 11. 9 Personality Traits in the Marketplace The Visionary • A Vision for the future • Demonstrates curiosity to understand the world • Has the foresight to plan for landmines that may lie ahead • May be too focused on the dream and less on reality The Analyst • Focus on a systematic approach • Good at problem solving • Beware of Analysis Paralysis • May have less trust in others’ ability
  • 12. 9 Personality Traits in the Marketplace The Hero • The quintessential entrepreneur • Ability to lead through challenging situations • Tendency to over-promise • May resort to forceful tactics The Fireball • Full of life, energy and optimism • Focuses on a positive attitude and fun, playful environment • May be too impulsive • Can over-commit their teams
  • 13. 9 Personality Traits in the Marketplace The Healer • Focuses on nurturing • Promotes a harmonious environment • Too much wishful thinking and avoiding outside realities • May be unprepared for turmoil
  • 14. How Self-Aware are You? • Perception is reality. How are your prospects perceiving you? • Are you leveraging your strengths and working on your weaknesses? Knowing is half the battle
  • 16. The Myers-Briggs Type Indicator (MBTI)
  • 17. Strategic Thinking and Decision Making * Source: http://www.youtube.com/watch?v=DIdD9DiAyjo
  • 18. Coming to Conclusions: Making Hard Decisions • There are decisions that are the prospects’ to make • We can help that process and influence them • But what about the decisions that we have to make?
  • 19. Making the Hard Decisions… • Should we pursue this lead? • Is it a good use of our time and resources? • Is this an area we are strong in? • Can our products and solutions meet the needs? • Do we have the knowledge and experience to be credible? • And of course: Can the prospect realistically afford our solution? Are you willing to Walk Away?
  • 20. Let’s Get Real or Let’s Not Play * • Transcend the fear-based relationship between buyers and sellers • Break the vicious cycle and build trust by focusing on “Helping Clients Succeed” * Recommended reading. Author: Mahan Khalsa
  • 21. Please remember to fill out your session evaluation forms. Thank You! AJ Ansari