1 / 18

The most important “ P ” : People

The most important “ P ” : People. How multi-dimensional relationships lead to customer valued innovation, enhanced loyalty & positive business results. Presented by: Michael Happe VP and GM - Toro Commercial Business The Toro Company. People is the missing “ P ”.

yuki
Download Presentation

The most important “ P ” : People

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The most important “P”: People How multi-dimensional relationships lead to customer valued innovation, enhanced loyalty & positive business results • Presented by: • Michael HappeVP and GM - Toro Commercial BusinessThe Toro Company

  2. People is the missing “P” • Frequently taken for granted,often underutilized… …and (in our view) the most Important #1

  3. What’s in it for me? • People are important to every business! • Multi-DimensionalRelationships can have a significant impact on your results. • Alignment of Resources around Relationships can have a powerful impact on the quality and depth of: • Voice of Customer Input for Customer Valued Innovation • Customer Loyalty • Business Results • Employee Engagement • People can clearly differentiate you from Competition!(MDRs are impossible to replicate – especially when done well)

  4. What are Multi-Dimensional Relationships? • Relationships you build(i.e. the company’s “social network”)that positively influence your brand from the: • Inside • Outside • Via Direct Connections • Via Indirect Connections

  5. Five Key Areas of Focus…Who does the Decision Maker Listen to? • Who impacts your customer the most? • Channel Partners • Industry Associations • Key Influencers • Collaborators • Agencies • Researchers • Suppliers • Employees • Other Customers KeyInfluencers IndustryAssociations Customers&[other customers] StrategicCollaborators Distribution Channel Employees The inter-connections are hard to visualize and can take years & constant attention to solidify, but they are difficult if not impossible to replicate!

  6. Channel Partners • Partnership vs Transactional • Exclusive Relationships • Extensive Training / Professional Development • Leadership Retreats / Meetings • Channel Advisory Boards • Continuous Improvement Initiatives • Customer Satisfaction Metrics • Co-op Market Developmentfor Relationship Events • Recognition / Incentive Programs Distribution Channel

  7. Industry Associations • Trade Show Event Support • Quarterly Partnership Meetings • Board of Director Service • Committee Involvement • Sharing Connections • Channel/Chapter connections • Content resources IndustryAssociations

  8. Strategic Collaborators • Develop Long-term Partnerships • With Key Suppliers • With Agencies/Vendors • With Research Partners • Invite them into the Customer’s World • Leverage their growing knowledge of your Customers • Expand perceived expertise to external resources StrategicCollaborators

  9. Key Influencers • 1 on 1 Assignments (e.g. Corporate Accounts) • Create and Activate around Dedicated Events • Association Leadership Development • Host Meetings at your site • Connect them and they will connect you • Make them part of the VOC process KeyInfluencers

  10. Other Customers • Peer Testimonials Carry Ultimate Credibility • Create Group Relationship Events • Combine Business & Pleasure • Smaller can be much Bigger! • Listen and Encourage Group Discussion • Win Over Industry “Beacons” Other Customers

  11. Five Key Areas of Focus…Who does the Decision Maker Listen to? • Who impacts your customer the most? • Channel Partners • Industry Associations • Key Influencers • Collaborators • Agencies • Researchers • Suppliers • Employees • Other Customers KeyInfluencers IndustryAssociations Customers&[other customers] StrategicCollaborators Distribution Channel Employees The inter-connections are hard to visualize and can take years & constant attention to solidify, but they are difficult if not impossible to replicate!

  12. Resource Alignment & Integrated Marketing Brand Continuity(Integrated Marketing) • Resource alignment for each key buyer persona/group must be viewed both independently and collectively. • Investment & activation - visible at all levels! DecisionMakers • Integrated Marketing Programs intended to build the brand throughout the “social network” require both a singular theme and targeted messages 1 Superintendents Marketing Resource Allocations Owners 2 • Marketing Messages • Channel Programs • Key Events • Association Support • Direct Contact • Key Influencers Technicians 3

  13. (Examples) Product Advertisements • Small Product • Beautiful Course • Anywhere USA • Less is More! Benefit Featured Product Count on it! Theme

  14. (Examples) Owner Advertisements • Small Product • Beautiful Course • Anywhere USA • Less is More! Benefit ValueCategory FeaturedExperts Count on it! Theme

  15. (Examples) Moving forward to “The Right Choice” ValueCategory Benefit Theme Count on it!

  16. Return on Relationships • Voice of Customer Input for Customer Valued Innovation • Frequency of Discussion Around Customer’s Problems, Needs and Constraints Increases Exponentially • Consistent Ability to Leverage Confidential VOC “Collection” Opportunities • Efficient Solution “Validation” Process • Customer Loyalty • Most People Would Prefer to Do Business with Trusted “Friends” • Suppliers That Own the “Discovery Advantage” Have Edge on Competition Surprises • DWWSWWD Earns Repeat Business • Business Results • High Customer Satisfaction & Zealotry Equals Profits • Higher Retention Spending = Lower Conversion & Recapture $ • Increased Ability to Manage Sales Opportunities • Employee Engagement • Much More Fun to Sell Relationships Than Widgets • Second Family / Home Emerges

  17. Easy to say, hard to do… Why? • Identify ALL the stakeholders in the buying process and understand their roles • Investing in relationships requires buy-in and discipline: • Internal: The company culture needs to “get-it” • “Consumed” by & passionate about customer needs • Relationship skills are critical and must be sustained • External: Channel Partners / Collaborators must act consistently and understand their value proposition • Learn the “dance steps” • Know when to say “no” • It is a long-term commitment • Customers and Influencers know when it is (or isn’t) genuine • Finding the right balance of time and $ resources will take trial and error • Two way accountability is imperative • Never burn bridges • It’s a small world • Taking the high road in defeat can pay off in the long run

  18. Under- standing Serving Caring & Resolving Partnering The model is always ON • The only way it truly worksis if the model is always on!The social network of relationships is a continuous loopof understanding,serving, partnering,caring, and resolving…

More Related