tip for expanding size of video screen 1. commercial teaching at w.w. grainger

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Tip for expanding size of video screen 1

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Page 1: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

Tip for expanding size of video screen

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Page 2: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

Commercial Teaching at W.W. Grainger

Page 3: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

W.W. Grainger, Inc.

• $7 billion distributor of maintenance, repair and operations (MRO) equipment

• Serves nearly 2 million companies across US and Canada

• Grainger helps them keep their facilities, plants and offices running safely, smoothly and efficiently

• Both field-based and headquarters-based sales reps establish long term customer purchasing agreements for routine items

• Stocks several hundred thousand different products from tools, pumps and electrical equipment to safety and janitorial supplies

• Delivers products through branch stores, its e-store and famous product catalog

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Page 4: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

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Page 5: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

Grainger’s first hurdle in building a compelling teaching pitch

• What specific set of capabilities sets it apart from competitors?

• Grainger is the ONLY supplier that carries BOTH a wide range of products AND a national network of retail outlets enabling them to fully service customers with a diverse set of geographic locations

5The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 6: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

Grainger’s second hurdle in building a compelling teaching pitch

• What specific customer problems were resulting in lost sales or unnecessary costs?

• Grainger marketing team launched a comprehensive analysis

– Large number of leader-led customer interviews

– Multiple rounds of market research

– Robust analysis of customer spending patterns

– Cross functional brainstorming sessions

6The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 7: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

Grainger’s insight

• Most companies were spending far too much on unplanned purchases and this behavior had major cost implications

7The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 8: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

The Power of Planning for the Unplanned

The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 9: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

9The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 10: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

10The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 11: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

11The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 12: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

12The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 13: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

13The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 14: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

14The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 15: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

15The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 16: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

16The Challenger Sale, 2011, Mathew Dixon and Brent Adamson

Page 17: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger

Summary

• The 1st step in developing a good commercial teaching pitch is defining the specific set of capabilities that sets you apart from competitors

• The 2nd step is to identify the specific customer problems that are resulting in significant lost sales or unnecessary costs?

• The 3rd step is to convince customers that reframing is necessary by connecting challenges that they acknowledge to bigger problems or opportunities than they ever realized

• The fourth step is to quantify these implications in a way that is credible and connects emotionally with customers

• The last major step is to demonstrate how your solution is better able than anyone else’s to help customers capitalize on these opportunities

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