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Keys to Accountability. “May the force be with you!”. Brandeis C. Hall VP, Alternative Revenue Development Radio Advertising Bureau (972) 753 6786 - bhall@rab.com. Fear-Based Management…. Impedes communication. Reveals your insecurities. Promotes sabotage. Is counter-productive.
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Keys to Accountability “May the force be with you!” Brandeis C. Hall VP, Alternative Revenue Development Radio Advertising Bureau (972) 753 6786 - bhall@rab.com
Fear-Based Management… • Impedes communication. • Reveals your insecurities. • Promotes sabotage. • Is counter-productive. • Costs you money! Management and Parenting are not the same thing. Treat employees like children and they’ll act accordingly. Accountability
You Do Not Have To Be “The Baddie” to be effective. • I'll get you my pretty... and your little dog too! - retribution • Don’t make me call out my flying monkeys! -threats • Look what you've done! I'm melting! melting! - martyrdom Accountability
Respect-Based Management… • Is willing to hear the truth. • Engenders loyalty. • Does not micro-manage. • Communicates effectively. • Makes you money! Fear is demanded. Respect is earned. You cannot have both. Accountability
YOUR STANDARDS MUST BE FIRM, FAIR… AND CLEAR! Accountability
Salespeople Can’t Be Accountable To You If They Don’t Know What You Want From Them. Lack of communication with a superior is the leading reason that people under 35 gave for changing jobs. - USA Today Accountability
As important as being understood is not being misunderstood… Accountability
Start With THOROUGH Account Executive Job Descriptions and Competencies The account executives at Radio Stations must possess a wide range of skills and have the ability to perform within certain standards. To achieve the challenging goals set forth, account executives are required to evolve their skills in specific areas of selling. Accountability
Account Executive Job Description and Competencies • Synergistic Selling (Cluster, Digital, Multi-Platform, Print, etc.) • New Business Development • Product Knowledge • Pricing & Packaging • Each individual will be further evaluated on the following: • Sales Competence • Technical Competence • Conceptual Competence • Commitment and Desire Accountability
Sellers Development Skills A.Sales Competence The ability to: • uncover client emotional needs. • listen to client problems & ideas. • create or develop solutions. • maintain the integrity of the station’s objectives and goals. Accountability
Sellers Development Skills B. Technical Competence An understanding of: • marketing & advertising statistics. • measurement & methodologies. • research & industry terms (and how to use them). • the technological skills needed to make it all work! Accountability
Sellers Development Skills C. Conceptual Competence Creatively blend facts and figures into a compelling story illustrating how the station excels as an advertising and marketing vehicle. Accountability
Sellers Development Skills D. Commitment & Desire • Winning and achievement assumes excellence in performance. • Excellence requires intense commitment. • Desire to win and win right! • You have to want to win. Accountability
Performance Standards • Each Account Executive should understand clearly in each category, what performance is: • Excellent • Good • Average • Poor Accountability
Growth Measurement • Develop sales-skill depth. • Account development &retention • New business development - Appointment-to-proposal ratio - Proposal-to-close ratio • Profitability of business conducted • Billing Collection Accountability
What Do We Measure? • Percent of Goal • Overall Revenue • New Business Accounts • New Business Revenue • Alternative Revenue • Avg. Number of Accounts On Air • Shrinkage/Turnover Accountability
What Do We Measure? • Client Retention • Average Price per Account • Receivables • REVPAD (Revenue per Available Ad) • Written Presentations • Demo Spots • Advertiser success stories • Referrals • Influence / Attitude / Teamwork Accountability
The Big 3: What Do We Measure? • Asking for $$ • Prospecting • Client Service Accountability
How And When To Measure • Informally • On Calls • In Office • Interaction with Others • Formally • One-on-one, held as you are prepared for them, tracking past and future activity • Formal reviews (quarterly, yearly) Accountability
Informal Meetings: • Summarize what is to be done. • Include completion date. • Monitor progress the next time you gather. Write It Down! Accountability
Formal Reviews: • You and seller grade on key points. (Seller will likely be more critical than you.) • Compare notes. • Pick the 3 most important points. • Summarize what is to be done. • Assign a completion date. • Monitor progress at subsequent reviews (do NOT wait for a year). Write It Down! Accountability
“I know you think you understood what I said. But I am not sure if what you think you understood is what I meant to say, understand?” - Overheard at O’Hare Airport Accountability
Are You Getting Through? • Body Language = 58% • Voice = 37% • Words = 5% Max, the Schpoodle Accountability
Are You Getting Through? • Monday Morning Meetings • “Got-It” Fund • “You understand? Terrific, sign here…” • Staff discussion of points. • Even a blind squirrel… Accountability
Accountability Issues • Know what people expect of you (above and below). • Look for mutual understanding. • Get rid of non-productive staff. • Be the leader in finding your weak areas. • You’re not likely to be promoted until your team is in order. Accountability
Accountability Tools Accountability
Keys to Accountability “May the force be with you!” Brandeis C. Hall VP, Alternative Revenue Development Radio Advertising Bureau (972) 753 6786 - bhall@rab.com