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Investing in Relational Capital

Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Page 1: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

Investing in Relational Capital

Page 2: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

“People buy from people they

________________________!”

Copyright © The Relational Capital Group 2008-2011 2

Page 3: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

“People buy from people they

share a common goal with!”

Copyright © The Relational Capital Group 2008-2011 3

Page 4: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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relationships have a highly significant impact on their business results.

Source: Candice Bennett & Associates survey, March 2009

89%of senior executives…

Page 5: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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use a formal process to build business relationships!

Why is that?

Yet only…

24%

Source: Candice Bennett & Associates survey, March 2009

Page 6: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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The Relational Capital Group (RCG)

Since 2006, RCG has been helping companies identify, measure, and advance the key relationships that most impact their performance

– Relational Competency Development Programs

– RQ® Technology Solutions

– RCG’s Relational Ladder®• Not Another Sales Methodology• Repeatable Process

– More than 50,000 relationships assessed

Customer Success Stories

Page 7: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Intentionality

Unintentional Relationships

Lower conversion rates

Competitive risk

Increased costs of sale

Increased costs of sustainment

Intentional Relationships

Higher visibility with key contacts

Increased customer loyalty

Increased competitive intelligence

Increased individual performance

“Competitor Proof” your customer-facing team

Page 8: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Page 9: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Capital

The “distinctive value” created by people in a business relationship

The “little extras!”

Page 10: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Worthy Intent

“The inherent promise you make to keep the other person’s best interests at the core of your

business relationship!”

Page 11: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

© 2008-2012 The Relational Capital Group

Essential Qualities of Relational Capital

Credibility

IntegrityAuthenticity

RelationalCapital

Page 12: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder®

Page 13: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder® Process

Page 14: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

GPS®

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Page 15: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Page 16: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Action Point - GPS

Identify a goal, passion, or struggle for each of your relationships.

Relational GPS®:Goals:

Passions:

Struggles:

Page 17: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder® Process

Page 18: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder® Process

Page 19: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder® Process

Page 20: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder® Process

Page 21: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Relational Ladder® Process

Page 22: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Respected Advisor Relationships

• Share business and personal goals, passions, and struggles

• Include you in their strategic planning processes

• Provide you with early warning signs

• Ask for your help

• Initiate unsolicited referrals on your behalf

Page 23: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

23© 2008-2012 The Relational Capital Group

“Plans are only good intentions unless they immediately degenerate into hard work!”

Peter Drucker

Page 24: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

Put the “R” into your CRM

Page 25: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

RQ® for Salesforce – Intentions and Purposes

• Individual Relational Skills Development– RQSF helps individuals prioritize, analyze, and develop specific action

plans to advance their most important business relationships

• Organizational RC Development– RQSF helps organizations build a pervasive competency and visibility

around competitively developing relationships

• Organizational Relational Strategy Execution– RQSF helps organizations design, implement, and govern relational

development strategies

Page 26: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

RQ® for Salesforce – Outcomes

• Increased individual relationship skills

• Improved performance (individual and organizational)

• Increased collaboration around account and relationship planning – becomes part of your workflow

• Greater organizational visibility into key relationships

• Your competition is not doing this!

Page 27: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

Easy to Implement and Adopt

• Completely Native Force.com application (No integration)

• Simple setup and configuration

• No changes to existing security model

• Standard interface and navigation structures

• Integrated with Account and Contact pages

Page 28: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

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Think “relationship

first”during all of

yourinteractions!!!

Page 29: Investing in Relational Capital. “People buy from people they ________________________!” Copyright © The Relational Capital Group 2008-2011 2

© 2008-2012 The Relational Capital Group

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Creating Relational Capital™

• Ed Wallace - Chief Relationship Officer

[email protected]

• Jeff Jorge

[email protected]

– www.relationalcapitalgroup.com

• This material is owned by, and the property of The Relational Capital Group®. This material is intellectual property and is confidential. Any reproduction, copying, or other use of this material in any manner without the express written permission of the owner is strictly prohibited.

• Relational Ladder, Relational GPS, ROC, Relational Capital Gains, RQ, RQ Pro, and Relational Capital Action Planner are registered trademarks of The Relational Capital Group.