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The
Challenge:
The Senior Vice President for Corporate Solutions for a Fortune 50
Health Care Company was charged with finding ways to provide their sales
force with a selling advantage in the Acute Care (hospitals) market. The
company had six separate sales groups - built around divisions - all
calling on the same customers. Only one of these groups was charged with
weaving together the products and services the company had to offer. The
impact this structure
has to the business:
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<15% market share
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Fragmented coverage
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1200 Acute Care
Facilities had no formal coverage plan
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There was no common
communication process for x Business Unit Sales
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An atmosphere of
internal competition and bickering
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Exceeded Sales Rep:
Customer ratio of the competition 2X
Customers were screaming
about the company's "revolving door" of Sales Reps, especially since few
displayed in-depth understanding of their business. Something had to be
done to improve customer satisfaction, leverage the breadth of products
and change the coverage model. A new Account Management Approach was
needed.
The Solution:
The SVP asked us to design a process that would bring together key
Marketing, Sales and Sales Support leaders from each division and
geography to craft a solution that would ensure customer satisfaction,
revenue and productivity goals. We set up a series of meetings, launched
by the Chairman and personally led by the SVP Corporate Solutions to
design and develop a fully integrated Account management approach for
the Corporation.
Results:
The new Account Management approach was deployed in the form of a 'test
pilot' at select hospitals representing different markets. Within a few
months, here is what was delivered:
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A new sales process
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Newly defined roles,
responsibilities and compensation
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Training and CRM tools
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A new value proposition
and reworked market segmentation
Customer Satisfaction
improved and economies of scale were found. Deeper customer
relationships were cemented. The plan to scale the project to the
breadth of the company was approved when the pilot concluded - less than
10 months after we initiated the project.
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