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Achieving world class status within Account Management organizations requires a clear roadmap, a solid foundation, and strong leadership
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Sets the example for leadership and best practices within the company
Flawless execution and unassailable relationships move the market
Beacon in industry with quantifiable leadership position
Organization within Industry
Organization among peer group competitors
Organization within Parent Company
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Sales Organizationin Business Services Industry
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Transitioning the vision from strategic to tactical is critical to gaining organizational understanding and support for vision
Creates focus. Fuels passion that drives results. Compels people to “own” the destiny
Sets the agenda for strategic requirements to move towards the Vision
Organizational objectives designed to close gap on Imperatives
Tactical-level goals linking behaviors and performance to Imperatives
Compensation that encourages and rewards results
AccountManagement
Strategic Partner Ultimate level of relationship trust, respect, and value. Customer values Company as a strategic asset. Switching costs are prohibitive.
Counselor Customer openly shares business and organizational information. Looks to Company for tactical solutions. Low switching costs.
Consultant Customer looks to Company for broad business and industry expertise. Incorporates Company’s input into planning and decision making. Moderate switching costs.
Ally Relationship becomes a strategic asset. Broad points of contact engaged across both organizations. Switching costs are high.
Vendor Order taker / order filler relationship. Vulnerable to competitor pricing, promotions, and product and service offerings. Zero switching costs for client.
Account Managers deliver value through product, business, and industry expertise that moves customer relationships towards the strategic partnership level
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Sales Organizationin Business Services Industry
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Four strategic tools create focus and passion, assure consistent delivery and continuous improvement, and deliver benchmarked results;
Account Execution ModelDrives continuous improvement towards vision, goals, and objectives
Consultative Sales Process Consistent relating, needs discovery, messaging, revenue and profit Generation; fuels advancement up the relationship curve
World-Class Scorecard Objective measurement of movement towards world-class; leadership, best players, performance management, process design, channel management
Account Management Scorecard
Account Management DisciplineBuilds higher, wider, and deeper partnerships to ensure applied understanding of revenue and profitability management
Strategic discipline to deliver consistent execution, continuous improvement, deepening relationships, and continuous sales growth and production
Account Execution ModelAccount Execution Model
Plan: Begin with the end in mind. All objectives and actions align
with the corporate VISION
Evaluate: Assess performance and results. Were goals obtained? Why? Why not? How? What are best practices? What improvements are necessary or possible?
Execute: Carry out plan. Leverage skills, planning, preparation, and resources to obtain desired results.
Prepare: Determine skills, development, practice, research, and resources required to execute successfully
Analyze: A pause between each phase of the execution model
intended to dissect alignment with VISION
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Account Management DisciplineAccount Management Discipline
An Account Management discipline builds higher, wider, and deeper partnerships to ensure applied understanding of revenue and profitability management
Selection: Assures MUTUAL benefit through careful account screening and selection based on margin drivers, operating fit, and relationship type (i.e. transactional vs. relationship)
Profitability: REINFORCE and assure deep understanding of account retention value and economic (i.e. acquisition, retention, revenue, cost and profit) drivers
Planning: Focus on building robust long-run POSITIONING in accounts and manage decision-making processes to continually move up the RELATIONSHIP CURVE
Migration: Create opportunities to WIDEN and DEEPEN and RETAIN relationships by leading with engagement, products, and services that accelerate account production
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Consultative Relationship ProcessConsultative Relationship Process
Tactical relationship process, centered upon a problem solving approach, that delivers value and solutions, solves problems, and builds lasing partnerships
Relate: Develop commonality with customer. Bridge relationship
gap with credibility and TRUST
Support: REINFORCE customer’s PARTNERING DECISION by providing ongoing service and attention through continuous relating, discovering, and advocating. Move further along the RELATIONSHIP CURVE
Advocate: CHAMPION SOLUTION(S), products, services, and expertise that fill gap between current situation and vision
Discover: Seek to understand customer’s NEEDS. Uncover gap that exists between current situation and Vision
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World Class ScorecardWorld Class Scorecard
Ongoing objective measurement incorporating feedback from corporate leadership, internal partners, and clients to focus resources and foster continuous improvement
Leadership Vision, strategy, support, ascension planning
Performance ManagementDifferentiate performance, reward desired behaviors, retain top performers, manage low performers up or out
Process Design and ProductivityStrong discipline, continuous improvement, relevant reporting, process orientation
Strategic Customer and Channel ManagementCommon vision and goals, Leverage channels according to customer preference, differentiated customer management
Best PlayersClearly stated success factors, identify and communicate expected behaviors and skills, identify and share best practices, best in class selection and development processes