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Culture Science photo by: amagill Culture as Revenue 5 Ways Culture Drives Profit

Culture as Revenue: 5 Ways Culture Drives Profit

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Lately, company culture has been making big moves from "beneficial" to "essential". A healthy culture is now one of the most important indicators of long-term financial health, and it's time that it should be addressed as such. This webinar will focus on five ways that culture affects sales, sales teams and sales process and how executives can harness what makes them unique to drive the top line. Join Brent Daily, Co-Founder & COO of RoundPegg, and Natalie Baumgartner, Co-Founder & Chief Psychologist of RoundPegg as they illuminate and explain the important connections between culture and revenue. This webinar will cover culture's influence on: - Onboarding new hires - Team construction and effectiveness - Longitudinal profit - Sales and support differentiation - Engagement and re-engagement And more...

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Page 1: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: amagill

Culture as Revenue 5 Ways Culture Drives Profit

Page 2: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

RoundPegg Boulder, CO

Dr. Natalie Baumgartner &

Brent Daily Co-founders, RoundPegg

RoundPegg unleashes your

business potential using real-time culture science.

Page 3: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Culture Defined

Culture !

How we do things around here.

Communication !

What are the norms for interaction?

Decisions !

How are decisions made?

Rewards !

What actions are rewarded?

Page 4: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Culture MisnomersPerks create culture

Culture is universal

Culture is top down

Culture can’t be measured

Diverse teams always win

Page 5: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Agenda1

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5

On-boarding (RoundPegg)

Support as Sales Differentiator (Webtrends)

Longitudinal Profit (Aquent)

Engagement (Kaiser Permanente)

Sales Team Construction (Agility Recovery)

Page 6: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: tax credits

Culture as Revenue1

Onboarding

Page 7: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

OnboardingRoundPegg David Lyon, VP Sales

Page 8: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

OnboardingTime is Money

Top culture fits start generating a positive ROI 2-weeks faster.

Page 9: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

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Focus on individuals. Give the new hire insights into how every team member prefers to operate. Turn the tables.

OnboardingRecommendationsInterview for values. Put your best culture fits on the front lines of hiring, test for cultural fit.

Check in often. After hire check in every 30-days. What’s working/not?

Page 10: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: dafnecholet

Longitudinal ProfitCulture as Revenue2

Page 11: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Longitudinal ProfitAquent / Vitamin T

Page 12: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Longitudinal ProfitWidening ROI

Year 1

15% 35%18-months

Page 13: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

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Maintaining Fit/ProfitRecommendations

Establish a regular forum. Provide time and method for team members to vent.

Monitor concerns. Check in with employee during 1:1s around areas where they may get frustrated. Give them tools to bridge differences.

Ease interpersonal dynamics. Assume there is a ‘fit’ problem before leaping to solution.

Page 14: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: maybeemily

Team ConstructionCulture as Revenue3

Page 15: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Team ConstructionAgility Recovery

Page 16: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

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Team ConstructionRecommendations

Complement operational traits. Pair up those who bring different strengths to the table from a skills perspective.

Align communication. Strive for assembling those who communicate and make decisions similarly.

Align rewards. Ensure everyone desires the same types of rewards*.

* Don’t assume everyone is only motivated by money.

Page 17: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: bloodybee

Culture DifferentiationCulture as Revenue4

Page 18: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Sales DifferentiatorWebtrends

Page 19: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

Sales DifferentiatorSelling Your Culture

Page 20: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

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Recommendations

Model values to replicate success. Identify core value drivers to provide top flight performance.

Sell your values. What makes you different from competition in a way that benefits customers.

Sales Differentiator

Celebrate values. Use sales wins as a way to reinforce culture values rather than focusing only on the dollars.

Page 21: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: Markus Grossalber

EngagementCulture as Revenue5

Page 22: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

EngagementKaiser Permanente

Page 23: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

!!Percent increase in patient satisfaction from top engaged medical staff

EngagementIndirect Revenues

11

Page 24: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

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EngagementRecommendations

Develop. Reengage based on individual’s values and motivations, not your own.

Check in. Create frequent avenues for employees to provide feedback on what can be improved.

Engagement is personal. Ask each report - what motivates, how to best communicate and how to reward.

Page 25: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

SummaryCulture is Revenue

CULTURE

Culture is not a touchy-feely endeavor. There is a direct connection to the top-line. !

Understanding your sales teams’ core values will enable you to properly motivate and point them toward success.

Page 26: Culture as Revenue: 5 Ways Culture Drives Profit

Culture Science

+1 720.663.7344 roundpegg.com

@roundpegg

RoundPegg Boulder, CO

Let’s Talk Culture & Engagement

[email protected]