A big picture deal is a deal which joins a number of your products and services together to produce a long term, high value solution. A big picture deal could be as little as €20,000 or much as €20 million in size. Normally, however, it will be in the hundreds of thousands or millions in terms of revenue. A big picture deal enables us to partner strategically with a client. So it is a long term solution.
There is no doubt that big picture deals are strategically important. They are long term, they enable you to use your extensive range of products and services and resources. They require you to construct a bespoke, creative and long term solution. So your business’s long term success, is to some extent, dependent upon winning such big picture deals. Because of this, your return on investment stories will play an important role and need to be carefully considered.
Approach
This Program uses a variety of different practical exercises, tools and techniques to enable direct and indirect account managers to be more effective in the big picture deal arena.
Topics
Increase customer engagement
Develop long term partnerships
Apply structured approach
Build Sales Skills
Increase profitability
Share success
Build successful teams
Training Objectives
At the end of this training you will be able to:
6.Win more big picture deals
Duration
Two Days
Program Schedule
Day One
Welcome & Introduction
Program Objectives
Personal Objectives
Big Picture Deals
What is a Big Picture Deal?
Defining Big Picture Deals
Distinguishing Big Picture Deals from Big Deals
Solution Selling Recap
Recap solution selling
Customer journey cycle
Customer perception pyramid
The Decision Making Units (DMU)
Overview of decision making units
Understanding the different decision making hats
Mapping Clients in Big Picture Deals
Bringing theory to life
Understanding lack of contact with certain elements of the decision making unit
Graphical mapping
Mapping a decision making unit
Understanding different levels of decision making unites
Understanding relationship with different decision makers
Decision making unit exercises
Plasticising speaking to different members of the decision making unit
Focusing on what questions will reveal decision making influencers
The Decision Making Process (DMP)
Mapping the decision making process
Understanding customer’s decision making processes
Getting customers to map their own decision making process
Mapping DMP Exercise
Action Planning & Commitments
Program Schedule
Day Two
Welcome Back
Qualification Criteria
Recapping decision making units (DMU)
Recapping decision making processes (DMP)
Recap graphical mapping of DMU
Recap fishbone diagram for DMP
Introduce key decision making criteria (DMC)
Using the qualification criteria worksheets
Client Strategy
Recap client strategy
Understand the importance of client strategy and big picture deals
Develop delegates ability to probe client strategy
Understanding the Market Place
Using Porters Five Forces Model
Strength of existing competition
Barriers to entry
Substitutes
Power of buyers and suppliers
Understanding the Customers Portfolio
Team Skills in Big Picture Deals
Understanding the strengths of your teams
Analysing the weaknesses
Building stronger teams
Compensating for personal weaknesses
Knowledge and Competitive Advantage
Importance of knowledge in big picture deals
Dealing with Procurement
Tips for dealing with procurement
The importance of anticipating procurement involvement
Discussion on procurement in big picture deals
Action Planning & Commitments