Selling Your Value Proposition

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Selling Your Value Proposition Page 23

by Cindy Barnes


  INDEX

  Note: The index is filed in alphabetical, word-by-word order. Numbers within main headings and ‘Mc’are filed as spelt out. Acronyms are filed as presented. Page locators in italics denote information contained within a Figure or Table.

  Abcon 198–99

  account management 50

  advertising 17, 25, 52, 130

  advocacy, customer 39

  Airbnb 14

  Aircom 99–103

  airline industry 20–21, 94–95, 183–84

  alternative offerings (alternatives) 10, 60, 71, 88

  Amazon 48, 55, 182

  attributes, good salesperson 119, 121–2, 149–50

  audits 40

  authenticity 4, 17, 34, 37, 39, 40, 55, 71, 155–56, 159–60

  automotive industry 11

  see also General Motors (GM); National Vehicle Distribution; Rolls-Royce

  Aylesbury Vale District Council (AVDC) 45–49, 172

  barriers (implementation) 92, 190

  behaviour change 26, 37–38, 158, 159, 164

  see also leadership behaviours

  Berne, Eric 158

  Biocel 202–03

  Blades, Phil 99

  Blockbuster 3

  board members 40, 60, 194

  Bolgers Engineering 32

  branding 19, 79

  see also global brands; rebranding

  Brazil 177–78

  Brock, Dave 6, 61

  build-measure-learn 178–79

  building services industry 193–95

  business consultants 140, 141, 143

  business ecosystem 18, 28, 34–38, 39–40, 156–57, 158, 161, 162–63, 164, 169

  business integration 18, 61, 100, 156

  business segments 108–09

  business-to-business (B2B) market 17, 81–82, 134, 163

  business-to-consumer (B2C) market 81–82

  buyer map 120, 148

  ‘buyer’s remorse’ 118

  buyers 17, 100, 109–10

  see also buyer map; ‘buyer’s remorse’; buying; buying cycle; customers; ‘informed consumer’

  buying 26, 82, 105–06, 123

  buying cycle 17, 122–26

  Cafferkey, Tom 41, 42

  call centres 13, 53–54

  capabilities 85–86, 96–97

  see also good salesperson attributes; skills

  cardboard box manufacturing 89–90

  care packages 46–47

  CCN 195–98

  Challenger Sale, The (Dixon & Adamson) 122, 134–35

  change management 2–3, 6, 7, 163–66

  chapters 180

  chemicals industry 176, 202–03

  China 9, 27

  churn 12, 54, 157

  clarity 44, 49, 102, 202

  closing the sale (deal) 116–17, 120, 162

  cloud computing 10, 48, 179, 195–98

  co-created value 37, 67, 68, 69, 203

  coaching 165, 166, 169

  Cognition in the Wild (Hutchins) 37

  cold calling 113, 114, 121

  collaboration 77, 99, 175, 196, 200, 201

  collaboration analysis 71

  commoditization 12–13

  commodity suppliers 25, 41, 81, 84, 85, 86, 96, 164

  common vision 49–52

  communication 12, 37, 41, 115–16, 164

  see also listening skills; marketing messages

  companies see organizations

  company politics 119

  competitor analysis 41, 71, 85, 127, 190

  competitors 27, 181, 188

  see also alternative offerings; competitor analysis; differentiation; market disruptors

  components suppliers 23, 67, 68, 69, 85–86, 91, 93, 98

  Computational Class Notes 195–98

  computers (computerized systems) 13, 16, 139, 140

  see also cloud computing

  confidence 66, 81–82, 101, 102, 163, 194, 195

  consultants 140, 141, 143

  consultative selling (salespeople) 68, 69, 70, 85, 93–95, 125, 147, 148, 165–66, 167

  and prospects 110, 111

  storytelling 135–45

  in transition stage 118

  consulting selling 167

  core skills 85–86, 96–97, 178

  Corporate Executive Board 17, 54

  corporate social responsibility 16

  corporate transparency 16, 17

  ‘cost of doing nothing’ 145

  cost savings (cost-cutting) programmes 11, 14–15, 19, 45, 89, 90

  cost vs value 11–12

  Creating and Delivering your Value Proposition (Barnes, Blake & Pinder) 1, 32, 59

  cross selling 23

  culture 27, 102, 158, 182

  customer-centricity 5, 31–33, 43, 56–57, 87–90, 97–98, 149, 157, 159

  customer churn 54, 157

  customer engagement 18, 38–40, 75, 119

  customer experience mapping 34–37, 49, 54, 131

  customer feedback 19, 50–51, 76, 114, 163, 172, 178, 179, 185, 194

  see also customer interviews

  customer interviews 32, 41, 50–52, 63–66, 75, 157

  customer objections 119, 121, 137

  customers 3–4, 6, 13, 19–21, 25–29, 50–57, 79–80, 84–85, 151, 171

  see also buyers; customer-centricity; customer churn; customer engagement; customer experience mapping; customer feedback; customer interviews; customer objections; emotions (feelings); ‘informed consumer’; value experience

  dabbawallas 177

  Dealer Track software 98

  decentralization 175–76, 184

  decision making 26, 72, 100, 102, 118, 119, 135–136

  deregulation 10

  differentiation 9, 60, 68, 71, 89, 100, 106, 184

  Digg 179

  directed questioning 50, 124, 135, 146–47

  Dixon, Matt 39, 54, 67, 122, 134

  documentation 40, 84, 151, 167

  see also marketing materials; programme plans; proposals; sales material

  Donlan, Andy 193–95

  Dropbox 179

  Du Pont 176

  Dunbar’s number 175, 177, 180

  Dunne, Robert 77–79

  dynamics 158

  Easterbrook, Steve 31

  economic landscape 4, 9, 10–12, 14

  education sector 195–98

  Effortless Experience, The (Dixon, Toman & DeLisi) 39, 54

  8th Law of Value Proposition Selling 7, 122, 166–68

  electronics industry 15, 22

  emotional decision making 26, 100, 102, 118, 119, 135–36

  emotional value 71

  emotions (feelings) 51, 63, 65, 131, 136, 138, 151, 152, 153, 165

  negative 141

  neutral 135, 137, 142

  see also emotional decision making; emotional value; optimism

  empathy 7, 67, 80, 93, 134, 151–53

  empathy maps 134

  employee engagement 12, 16, 156–57

  Employee Engagement Study (Cone Communications 2016) 16

  employees 12–13, 24, 43, 53, 54, 55, 63–65, 76, 159

  recruitment of 41, 47, 182

  retention 16, 41

  see also capabilities; employee engagement; rewards structure; skills

  empowerment 13, 53, 54, 55

  engagement 12, 16, 18, 38–40, 75, 119, 156–157

  engineering industry 32, 87, 92, 198–99

  Enterprise Ireland 44–45, 79

  ethics 2, 4, 10, 17, 39

  ethnographic research 64, 99

  Europe 9, 20, 27, 51, 53, 74, 75

  European Union (EU) 10

  evidence (proof) 60–73

  experience see customer experience mapping; frictionless customer experience; intense

  experiences; value experience

  expert service salespeople 123–24, 146, 148–49

  experts 80

  fast-moving consumer goods industry 89–90

  fears, discussion of 132–33

/>   feedback 50–51, 76, 114, 163, 172, 178, 178–79, 185, 194

  see also customer interviews

  feelings (emotions) 51, 63, 65, 131, 138, 151, 152, 153, 165

  see also emotional decision making; emotional value

  5th Law of Value Proposition Selling 7, 61, 160–62

  financial services industry 10, 26, 51–52, 73–77, 172

  Finlay, Sean 200–01

  first contacts 132

  first impressions 131–32

  1st Law of Value Proposition Selling 7, 25, 156–57

  flat lattice organizational structure 176

  FMCG industry 89–90

  Foley, Paul 67

  followership 176

  Forrester 17

  Foundry, The 3

  4th Law of Value Proposition Selling 7, 126, 159–60

  frictionless customer experience 55

  funding 45–46, 77, 198

  Futurecurve 44–45, 46–47, 74, 79, 180, 189

  Gaynor, Andrew 200–01

  General Motors (GM) 174–75, 176

  generic questions 12

  Geoscience Ireland 200–01

  Glanbia Ingredients Ireland (GII) 20

  global account management 50

  global brands 92, 101

  Global Financial Services Co (GFS) 51–52

  global overview 76

  globalization 1, 2, 9, 10, 171

  GlycoSelect 77–79

  good salesperson attributes 119, 121–22, 149–50

  Gore see WL Gore & Associates

  Gore, Bill 176

  Grainger 134–35

  ground rules 132–33

  Guide to Customer-Centricity (Gallup) 38

  guilds 180, 184

  Hacker News 179

  Hatvany, Béla 39–40

  health-care sector 43

  see also hospital bed manufacturing

  hierarchy

  organizational 172–73

  value 59, 60, 70

  Hock, Dee 175–76

  holonomic thinking 4, 40

  hospital bed manufacturing 88–89

  Houston, Drew 179

  Hsieh, Tony 182

  iMessage 99, 100

  implementation barriers 92, 190

  Incgen 48

  India 9

  industrial chemicals industry 176, 202–03

  industrial democracy 177–78

  ‘informed consumer’ 15–17

  initial conditions 131–32

  Innovator’s Solution (Christensen & Raynor) 82

  integration 18, 61, 100, 156

  intense experiences 131

  internal company interviews 63–65

  international deals 91–92

  internet of things (IoT) 14

  interpretative phenomenological analysis (IPA) 65–66

  interviews 5, 32, 41, 50–52, 63–66, 75, 157

  IT systems 48

  see also cloud computing; computers (computerized systems); Dealer Track software

  jobs-to-be-done framework 82

  joint ventures 125, 162, 167

  Joseph Schlitz Brewing Company 3

  knowledge sharing 48

  large corporations 12, 15, 19, 23, 26, 49–50, 112, 119, 139

  Laws, Value Proposition Selling 7–8, 155–69

  leadership behaviours 12, 49, 159

  leading by example 159

  Leading Innovation, Creativity and Enterprise (Cook) 175

  lean start-ups 178–82

  learn early, learn often 179

  learning 179, 196

  see also build-measure-learn; training programmes

  Leonard, Gene 163

  Limecart 48

  listening skills 151–53

  living organizations 173–74

  Lockheed Martin 175

  lottery revenue 48

  LotusWorks 41–42

  LTE Fast Track 102–03

  McCarthy, Dr Karl 202–03

  McDonald, Paul 180–82

  McDonald’s 31

  machine paradigm 173–74

  managed services 100, 102–03, 103

  manufacturing industry 85–86, 89–90, 177–78, 198–99

  mapping 34–37, 49, 54, 134

  market analysis 59, 62

  market disruptors 3, 13–14, 53, 171, 172

  market positioning 37, 39, 77, 86–87, 97

  market research 6, 42, 63, 161

  marketing (function) 7, 17, 61, 70, 82, 104, 109, 112, 160–62

  marketing materials 92, 99

  marketing messages 66, 73, 92, 93, 134, 190

  marketing strategy 3, 22, 23, 24, 26, 28, 82, 93

  mechanistic organizations 173–74

  meetings 133

  Mergermarket Group 73–77

  Metro Bank 172

  middle class expansion 9

  millennials 2, 10, 16–17

  minimum viable product (MVP) 178, 179

  mirror neurons (mirroring) 7

  mission statements 183–84

  Möbius strips 47

  Modern Professor, The 196–98

  ‘My Account’ 48

  National Health Service 43

  National Vehicle Distribution 11, 37–38, 96–98

  NATS 20–21

  natural resources scarcity 9–10, 16

  needs-based buying 123

  negative emotions 136, 141, 153

  negative stories 130

  negotiating stage 117–18, 121

  Netflix 3, 14

  neural coupling 7

  neurons 7

  neutral emotions 135, 136, 137, 142

  neutral stories 130

  NHS 43 9th Law of Value Proposition Selling 7, 125, 149, 168

  NVD 11, 37–38, 96–98

  objections, customer 119, 121, 137

  objectives 37, 49

  see also purpose

  offer suppliers 84, 85, 91

  offerings analysis 59, 67–70

  Ogilvy, David 63

  On Looking (Horowitz) 80

  optimism 130, 137, 138, 142

  see also positive emotions (feelings)

  organizational attributes 83

  organizations 17–19, 24, 61, 95, 139, 156, 162–63

  see also business ecosystem; business integration; business segments; company politics; corporate transparency; industrial democracy; large corporations; organizational attributes; small businesses; successful businesses; technical businesses; whole organization approach

  culture 158, 182

  decentralized 175–76, 184

  living 173–74

  mechanistic 173–74

  resilient 172–73, 176

  selling 158, 171–86

  siloed 23, 25, 112, 149, 156, 173

  structure 8, 20, 92, 112, 158–59, 176

  participatory management 177–78

  PayPal 55

  peak-end rule 131

  peer-to-peer (P2P) model 2, 14, 48, 125, 147

  Perry, Grayson 63

  pharmaceutical industry 77–79

  phenomenological research (techniques) 5, 63, 65, 99

  physical positioning 80

  ‘Plan B/C’ 143, 151

  planning (preparation) 115–16, 138, 143, 168

  see also programme plans

  politics, company 119

  positive emotions (feelings) 136, 153, 165

  positive stories 130–31

  price, defined 42–43

  price reduction/rises 21

  private healthcare 43

  processes, simple 177

  procurement processes 11–12, 84–85

  see also business ecosystem

  product-centricity 56–57, 87

  product management 61

  products 22, 91, 92

  see also minimum viable product (MVP); product-centricity; product management

  programme plans 163–66

  proof (evidence) 60, 71, 73

  proposals 84, 85, 115–16, 120

  prospects 109–10, 113–1
4

  see also qualified prospects

  psychological insights 2, 5, 51–52, 65–66, 74, 131, 144, 166

  P2P (peer-to-peer) model 2, 14, 48, 125, 147

  public sector 44–49, 84

  see also Aylesbury Vale District Council (AVDC); National Health Service (NHS)

  purpose 49, 183–84

  see also objectives

  Putting the Soul Back into Business 39–40

  qualified prospects 111–14, 115, 121

  qualitative research 64–66, 88–89, 90

  see also customer interviews

  quantitative research (information) 51, 64–65, 66, 135, 141, 144–45

  questions

  buyer 105

  competitor analysis 71

  consultative selling 110, 147

  directed 50, 124, 135, 146–47

  generic 12

  market analysis 62

  mixed sales 148

  prospects 109

  scripted 13, 50, 53

  summing up 136, 137

  transactional selling 91, 109

  what/why 64

  rail industry 87–88, 97

  rational decision making 26, 100, 135, 136

  rational value 71

  rebranding 14, 19, 22, 38, 172

  recruitment process 41, 47, 182

  redesigning for resilience 172–73

  redundancy programmes 15

  Reed, Jonathan 75–77

  reframing 47–48, 80

  reporting, employee engagement 12

  requests for information (RFI) 84, 85

  requests for proposal (RFPs) 84, 85

  research 17, 26

  ethnographic 64, 99

  market 6, 42, 63, 161

  phenomenological 5, 63, 65, 99

  qualitative 64–66, 88–89, 90

  see also customer interviews

  quantitative 51, 64–65, 66, 135, 141, 144–45

  research continuum 65–66

  resilient organizations 172–73, 176

  retention, employee 16, 41

  rewards structure 23, 24, 164

  Ries, Eric 178

  role-plays 166

  Rolls-Royce 9

  sales 160, 161–62

  see also cross selling; selling consulting; selling culture; selling organization; team selling; up selling

  sales (function) 61

  sales approaches 90–95, 167

  see also consultative selling (salespeople); transactional selling (salespeople)

  sales behaviours see sales styles

  sales directors 22

  sales funnels 115

  sales material 24, 87, 99, 134

  sales philosophy, self-test 126–28

  sales process (cycle) 22, 107–28, 166–67, 181, 191

  sales proposition 6–7, 33, 81–106

  sales skills 167–68

  sales stories 7, 129–53, 156, 164

  sales styles 121, 148–49, 165–66, 168

  see also consultative selling (salespeople); expert service salespeople; solutions salespeople; transactional selling (salespeople)

  sales teams 22, 29, 34, 37, 86, 99, 106, 118, 147–48

 

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