5 Steps to Effective Key Accounts Management

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Key or strategic accounts are your most important clients. Not only are they your most important clients; they are also the ones that are at most risk of being wooed by your competition. For most companies, reducing prices to compete has become a staple sales strategy. However, this strategy seriously threatens the survival of the organization. This is why managing and developing key accounts is an essential skill to have, if we want to stay ahead of the competition! We have to realize that, in today’s market place, price alone does not determine sales or profitability. It is essential for you to be able to differentiate yourself and your products and services in order to survive it this cut-throat environment. If you can’t compel, you won’t sell. If you can’t maintain your influence over your key clients, you may as well kiss them goodbye. Our Knowledge Asia’s “Dynamic Key Accounts Management” training course will help you develop strategic account management techniques that ensure not only the protection of your existing clients from competitive attack, but, more significantly, build long and sustainable relationships resulting in excellent customer retention, improved sales, increasing margins and ongoing customer loyalty

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steps to

effective

key account

management

define your key accounts

1

who is your key account?

is he the customer

with a lot of money?

is he the customer

who brings you

more business?

is he the customer

who brings value

to your business?

or…

or is he the customer

you actually like?

let’s determine your key accounts

first we

determine how much

they like you

conduct a customer

satisfaction survey

use a 10-point system for your CSS

we have prepared

more information for you

in the official slides

next let us

determine how

attractive they are

accomplish an account

attractiveness report

we have prepared

more information for you

in the official slides

let’s move to the next step

rank your key accounts

2

results of your

CSS and AAR

client CSI AAR

a 8.50 8.00

b 5.00 7.50

c 7.00 8.00

d 2.00 3.00

e 6.00 4.75

f 6.00 6.00

g 7.75 3.00

let’s plot them this way…

HIGH = 10 LOW = 1

HIGH = 10

LOW = 1

Customer Satisfaction

Acc

ou

nt

Att

ract

ive

ne

ss

a

g

b

e

d

f

c

6

5

6 5

the key account selection matrix

now, what do we do?

create your strategies

3

activity

case of

the

zombie

actors

what did you learn from this?

let’s develop our strategies

we have prepared

more information for you

in the official slides

here’s what we’ll do next

take action

4

we have prepared

more information for you

in the official slides

here’s the last step

evaluate your process

5

again…

we have prepared

more information for you

in the official slides

that was an excerpt

on our module on

key account management

to find out more

about this course

contact us here…

+63-917-593-1494

info@ourknowledge.asia

+63-2-213-8944

or…

connect with us on…

www.OurKnowledge.Asia

www.Linkedin.com/Company/Our-Knowledge-Consulting-Asia-

www.Facebook.com/OurKnowledgeAsia

www.twitter.com/OurKnowledgePH