Using your sales force to jump-start
growth
There’s a reason it’s called a sales force. Here are four innovative ways
companies can use their sales reps to drive growth.
There’s no
escaping the impact of the sales force on
your company’s growth trajectory.
This is the frontline group best
placed to gain an intimate
understanding of existing customers,
to observe the forces at work in
an industry, and to identify
potential new business. During the
past year, we interviewed
about 100 sales executives around
the world, across a range of
industries, to identify the
critical elements that distinguish true
sales leaders from also-rans. This
article highlights four
intriguing ideas the executives
described for leveraging the sales
force to jump-start growth.
Together, these suggestions offer
practical insights for sales
groups, as well as a starting point for discussions among CEOs and other
senior
managers hoping to get more from sales and marketing investments.
Look
over the horizon
The sudden arrival of a truly
disruptive technology—one that upends markets in ways few
anticipate—presents
obvious challenges to industry incumbents. Yet it’s also a huge growth
opportunity. One supplier of parts to high-tech manufacturers has created a team of “speculative
market analysts” to better identify the emergence of disruptive technologies and to predict their
business implications. The team helps the company to position itself as a supplier that’s ahead of
the curve and to enjoy superior sales growth while competitors scramble to catch up.
opportunity. One supplier of parts to high-tech manufacturers has created a team of “speculative
market analysts” to better identify the emergence of disruptive technologies and to predict their
business implications. The team helps the company to position itself as a supplier that’s ahead of
the curve and to enjoy superior sales growth while competitors scramble to catch up.
The full-time team cuts across all
business units and draws on a variety of internal and external
sources: the
sales force provides insights into the technology initiatives of the company’s
customers
while continually pressing them for feedback about its shortcomings
and the efforts of competitors.
In addition, the team closely scrutinizes all
reports from competitors and customers—easier said
than done, given the sheer
volume of market information emanating from countries such as China. It
even
fosters close ties with venture capital firms and provides up-and-coming
companies with
funding and “sweat equity” to convert innovative concepts into
realities. Together, these efforts have
helped the company’s sales force to get ahead of recent major disruptive trends, including the boom
helped the company’s sales force to get ahead of recent major disruptive trends, including the boom
in tablet devices
and e-readers, as well as the growing fields of LED lighting and solar
technology.
What’s more, the team’s efforts are generating an estimated annual
return on investment that
exceeds 12 percent.
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