SlideShare a Scribd company logo
v
Exploring the Art & Science of
Building Better Relationships.
Frank Falcone
Founder & CEO, Triggerfox Corporation
---
Co-Founder & Program Director
Rotman Centre for CRM Excellence
University of Toronto
v
Relationships Matter.
v
Why?
Relationship
Strength is
King
Co-workers
Looking for a new job or promotion?
It’s not what you know, or even who you know,
but rather how strong your relationships is with
the people who matter.
Prospects
Winning Business:
“All things being equal, people will do business
with a friend; all things being unequal, people
will still do business with a friend.”
- Mark McCormack
Customers
Keeping Customers:
Not keeping in touch with a customer in a
meaningful way is the #1 reason
why they leave.
v
$25 Billion is spent every year on CRM software,
by companies trying to help their employees build
strong relationships with their customers.
CRM
Software
v
When it comes to building real
person-to-person relationships,
traditional CRM software has
failed.
CRM systems were built to house
transactional data, not
relationship insights.
CRM
v
The Problem
Starting, building and maintaining strong
relationships is not easy.
v
DISCONNECTED
WEAK TIE
STRONG TIE
2. Building a Relationship
3. Maintaining a relationship
Do nothing
Do something bad
The Lifecycle of Relationships
1. Starting a Relationship
Understanding The Problem:
Michael Wu. PhD
v
The Dunbar Limit
Understanding the Problem:
How many meaningful
relationships can one
person maintain?
Prof. Robin Dunbar found a
relationship between brain
size of primate species and
their group size.
The Dunbar 150: The cognitive limit to the number of individuals
with whom any one person can maintain stable relationships.
v
Does the Dunbar limit still apply in modern society?
Michael Wu. PhD
v
Measuring Relationship Strength
Time.
Do you put forth the proper amount of
time in maintaining your relationships?
Reciprocity.
Do you give back to your contacts and are
proactively generous?
Intensity.
How do you keep in touch and with what
frequency?
Trust.
Are you being genuine & authentic?
Prof. Mark Granovetter, Ph.D.
Sociologist at Stanford University
v
Relationships get stronger when you regularly share your
time, knowledge, generosity and network connections.
The “Relationship” Secret
v
Learn to identify the right triggers to act on
Other examples include…
• Prospect is now at the 40% stage of the sales cycle
• Customer just sent out an unhappy tweet about our service
• There was a major merger at their company
v
Make it:
• Meaningful
• Unexpected
• Personalized
How you action a trigger matters!
Knowledge
Personal
NetworkYour TimeGifts
Handwritten
Cards
v
”In a world that is being reshaped
by the relentless advance of
technology, what stands out are
acts of generosity and
connection that remind us what it
means to be human.”
– Bill Taylor, cofounder of Fast Company magazine
v
Contact Info
Frank Falcone, Founder & CEO
Triggerfox Corporation
Direct: 416-435-5458
frank@triggerfox.com
@frankcrm

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The Art & Science of Building Better Professional Relationships (CRM)

  • 1. v Exploring the Art & Science of Building Better Relationships. Frank Falcone Founder & CEO, Triggerfox Corporation --- Co-Founder & Program Director Rotman Centre for CRM Excellence University of Toronto
  • 3. v Why? Relationship Strength is King Co-workers Looking for a new job or promotion? It’s not what you know, or even who you know, but rather how strong your relationships is with the people who matter. Prospects Winning Business: “All things being equal, people will do business with a friend; all things being unequal, people will still do business with a friend.” - Mark McCormack Customers Keeping Customers: Not keeping in touch with a customer in a meaningful way is the #1 reason why they leave.
  • 4. v $25 Billion is spent every year on CRM software, by companies trying to help their employees build strong relationships with their customers. CRM Software
  • 5. v When it comes to building real person-to-person relationships, traditional CRM software has failed. CRM systems were built to house transactional data, not relationship insights. CRM
  • 6. v The Problem Starting, building and maintaining strong relationships is not easy.
  • 7. v DISCONNECTED WEAK TIE STRONG TIE 2. Building a Relationship 3. Maintaining a relationship Do nothing Do something bad The Lifecycle of Relationships 1. Starting a Relationship Understanding The Problem: Michael Wu. PhD
  • 8. v The Dunbar Limit Understanding the Problem: How many meaningful relationships can one person maintain? Prof. Robin Dunbar found a relationship between brain size of primate species and their group size. The Dunbar 150: The cognitive limit to the number of individuals with whom any one person can maintain stable relationships.
  • 9. v Does the Dunbar limit still apply in modern society? Michael Wu. PhD
  • 10. v Measuring Relationship Strength Time. Do you put forth the proper amount of time in maintaining your relationships? Reciprocity. Do you give back to your contacts and are proactively generous? Intensity. How do you keep in touch and with what frequency? Trust. Are you being genuine & authentic? Prof. Mark Granovetter, Ph.D. Sociologist at Stanford University
  • 11. v Relationships get stronger when you regularly share your time, knowledge, generosity and network connections. The “Relationship” Secret
  • 12. v Learn to identify the right triggers to act on Other examples include… • Prospect is now at the 40% stage of the sales cycle • Customer just sent out an unhappy tweet about our service • There was a major merger at their company
  • 13. v Make it: • Meaningful • Unexpected • Personalized How you action a trigger matters! Knowledge Personal NetworkYour TimeGifts Handwritten Cards
  • 14. v ”In a world that is being reshaped by the relentless advance of technology, what stands out are acts of generosity and connection that remind us what it means to be human.” – Bill Taylor, cofounder of Fast Company magazine
  • 15. v Contact Info Frank Falcone, Founder & CEO Triggerfox Corporation Direct: 416-435-5458 frank@triggerfox.com @frankcrm