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THE MODERN SALESMAN
ENTREPRENEURIAL
SELLING
BASED ON 10 YEARS OF RESEARCH
THE MODERN SALESMAN
ENTREPRENEURIAL
SELLING
BASED ON 10 YEARS OF RESEARCH
Hi,
I am Prof. Dr. RĆ©gis Lemmens from the Antwerp
Management School. I have been researching the future of
sales for the past 10 years. All of this led to the development
of a new sales approach we witnessed successful sales
people and entrepreneurs using.
2009
Started the
research
project:
Sales 2020
First results on
Slideshare:
ā€The future of
sales and sales
managementā€.
Final results
on slideshare:
ā€Sales 2020:
The future of
sales and sales
managementā€
Book
Publication:
ā€˜from selling to
co-creatingā€™
Tedx talk :
Sales 2020
Researching
cases of sales
people co-
creating
Launch of the
co-creation
business game
Completion of the
sales
methodology:
Entrepreneurial
Selling
2010
2013
2014
2014
2015
2018
2014
WHY DOES THE WORLD
NEED ANOTHER SALES
METHOD?
?
INNOVATION
PACE OF
We are witnessing an
ever increase pace of
technological
innovation.
New technologies are often ahead
of the needs in the market.
As a result, traditional sales methods are
no longer applicable because customers
do not know what their problems nor
their needs are for these technologies.
As a result, traditional
sales methods are no
longer applicable
because customers do
not know what their
problems nor their
needs are for these
technologies.
GLOBALISATION
IMPACT OF
Globalisation has led to
a rise in competition in
many markets.
In order to compete organisations are
constantly looking for innovations to differentiate
themselves.
Therefore, suppliers are increasingly involving their
customers in the development of new products.
The role of sales is evolving from selling products
and services to driving innovation projects with
customers.
WHAT DOES THIS MEAN?
?
Sales People must help their
customers to keep up with the
pace of innovation.
HIGH TECH
MARKETS
Sales People must involve their
customers in the search and
development of innovation.
MATURE
MARKETS
This requires a new sales methodology
that focusses on finding and managing
co-innovation opportunities.
WHAT IS
ENTREPRENEURIAL
SELLING?
?
ā€˜Entrepreneurial Selling is the process of acquiring
and retaining customers by jointly and proactively
developing new business opportunities in order to
create customer value.ā€™
HOW DIFFERENT IS IT
FROM TRADITIONAL
SALES METHODS?
?
The focus is not on solving problems or
meeting needs but on helping customer
to achieve their goals.
PRODUCT
SELLING
VALUE
SELLING
ENTREPRENEURIAL
SELLING
Customer has a ā€¦ Need Problem Goals
They are looking for ā€¦ Product or Service Solution Vision
The process is about ā€¦ Matching between
features and
requirements
Positive business
case
Complementarity
between
capabilities
DOES IT REQUIRE
CREATIVITY??
The creative part of
Entrepreneurial Selling
is about how resources
and capabilities are
leveraged to create
customer value.
MLP
STRETCHING
EXISTING
CAPABILITIES
#1
MLP is German
financial institution
who uses
their internal HR
expertise to provide
career advice to their
customers.
Young graduate customers are coached by
MLP on how to manage the recruitment
process when applying for a job.
Their financial advisors are specialized by industry
sector and region enabling them to provide career
advice throughout the life cycle of the customers.
Why do they do it?
Because the more successful their
customers are the more they will need
banking services and the more they will
remain loyal.
WHAT INTERNAL CAPABILITY
DO YOU HAVE THAT YOU
COULD OFFER AS A SERVICE
TO YOUR CUSTOMERS?
?
BARRY
CALLEBAUT
FINDING NEW
USES FOR
EXISTING
CAPABILITIES
#2
Barry Callebaut is a chocolate producer who uses
their academy infrastructure and their research to
help their customers to innovate their own
products.
Once a year they
conduct a market
research on future
consumer trends in
chocolate consumption.
They share this information with all their
key customers in order to inspire them to innovate
their own products.
They invited their
customers to come to
their academy and use
their premises and
their expertise to
innovate their own
products.
Why do they do it?
Because it helps their customers to be
more successful, order more
chocolate and remain more loyal.
WHAT CAPABILITY DO YOU
HAVE THAT COULD HELP YOUR
CUSTOMERS TO INNOVATE /
IMPROVE THEIR BUSINESS?
?
IT
INTEGRATOR
Utilising Third
Party
Capabilities
#3
A system integrator
introduces start-ups
to their customers in
order to inspire them
and create new joint
business opportunities.
Once a year they screen a number of
start-ups and select those which have
products that could be of interest to
their customers.
Their sales people contact their customers
to present these start-ups in order to
inspire their customers and create new
business opportunities.
Why do they do it?
This enables the integrator to inspire
their customers, position themselves as
an innovative partner and create new
business opportunities.
WHO DO YOU KNOW THAT
COULD COME AND HELP
YOU AND YOUR CUSTOMER
TO INNOVATE?
?
SAP
COMPLEMENTING
CAPABILITIES
#4
SAP embeds their
technology within the
solution of customers
and partners in order
to create a new
innovative value
proposition.
This is how SAP and BARCO co-developed a new
solution the ā€˜Control Roomā€™ of the future.
HOW COULD YOU INNOVATE YOUR
CUSTOMERā€™S VALUE PROPOSITION
BY EMBEDDING YOUR CAPABILITIES
INTO THEIR PRODUCTS?
?
What is the
Entrepreneurial Selling
Method?
?
STEP 1
AWARENESS
The process starts with people becoming aware that
something needs to change.
Organizations typically
do this by scanning
their environment and
their own business in
the form of an audit or
benchmarking exercise.
Sales people can add value by helping their
customers to become aware of how internal and/or
external issues are impacting their business.
Sales People can add value by accelerating the
process by showing how other organizations are
dealing with the change.
STEP 2
VISION
Once people within an
organization are aware
they need to change,
they start building a
vision of how the
organization should
respond to the
challenges they are
facing.
Sales people can add value by helping their
customers to develop their vision by inspiring or by
providing them with a method to define their vision.
STEP 3
COMMITMENT
The vision is transformed into a business case and
is presented to everyone within the organization.
Sales People can add value to their customers
by helping them to translate their vision into
a solution and business case.
Sales People can add
value to their
customers
by communicating and
persuading the
stakeholders about the
vision and the
solution.
STEP 4
ACTION
Sales People can add
value for their
customers by actively
influencing all the
stakeholders to
translate their
commitment into
action.
This is the stage were contracts are signed with
suppliers, people are allocated to projects and
pilots or smaller parts are identified as the first
steps in the project.
STEP 5
IMPLEMENTING
During the implementation phase people need to be
kept motivating and all the key stakeholders need
to continue support the project.
Sales people can add
value by demonstrating
early wins and keeping
all the stakeholders
fully committed behind
the initiative.
ā€¦and by ensuring the
project achieves the
value the customer is
actually looking for.
STEP 6
LEARNING
The last phase is about learning from the whole
initiative before moving to something new
Sales person can add value by evaluating and
reviewing the value created by the initiative and
generalizing what has been learned in order to
capture anchor this in both organizations.
In a nutshell
1. What are the goals of your customer?
2. How can you help them to achieve their goals?
1. Stretching existing capabilities
2. Finding new uses for existing capabilities
3. Utilising third party capabilities
4. Complementing capabilities
3. What will you learn out of it?
THANK YOU
Visit us at:
www.entrepreneurialselling.org
Click here
Download this presentation
and stay informed of our
upcoming events.

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Entrepreneurial Selling

  • 1. THE MODERN SALESMAN ENTREPRENEURIAL SELLING BASED ON 10 YEARS OF RESEARCH THE MODERN SALESMAN ENTREPRENEURIAL SELLING BASED ON 10 YEARS OF RESEARCH
  • 2. Hi, I am Prof. Dr. RĆ©gis Lemmens from the Antwerp Management School. I have been researching the future of sales for the past 10 years. All of this led to the development of a new sales approach we witnessed successful sales people and entrepreneurs using. 2009 Started the research project: Sales 2020 First results on Slideshare: ā€The future of sales and sales managementā€. Final results on slideshare: ā€Sales 2020: The future of sales and sales managementā€ Book Publication: ā€˜from selling to co-creatingā€™ Tedx talk : Sales 2020 Researching cases of sales people co- creating Launch of the co-creation business game Completion of the sales methodology: Entrepreneurial Selling 2010 2013 2014 2014 2015 2018 2014
  • 3. WHY DOES THE WORLD NEED ANOTHER SALES METHOD? ?
  • 5. We are witnessing an ever increase pace of technological innovation.
  • 6. New technologies are often ahead of the needs in the market.
  • 7. As a result, traditional sales methods are no longer applicable because customers do not know what their problems nor their needs are for these technologies.
  • 8. As a result, traditional sales methods are no longer applicable because customers do not know what their problems nor their needs are for these technologies.
  • 10. Globalisation has led to a rise in competition in many markets.
  • 11. In order to compete organisations are constantly looking for innovations to differentiate themselves.
  • 12. Therefore, suppliers are increasingly involving their customers in the development of new products.
  • 13. The role of sales is evolving from selling products and services to driving innovation projects with customers.
  • 14. WHAT DOES THIS MEAN? ?
  • 15. Sales People must help their customers to keep up with the pace of innovation. HIGH TECH MARKETS Sales People must involve their customers in the search and development of innovation. MATURE MARKETS
  • 16. This requires a new sales methodology that focusses on finding and managing co-innovation opportunities.
  • 18. ā€˜Entrepreneurial Selling is the process of acquiring and retaining customers by jointly and proactively developing new business opportunities in order to create customer value.ā€™
  • 19. HOW DIFFERENT IS IT FROM TRADITIONAL SALES METHODS? ?
  • 20. The focus is not on solving problems or meeting needs but on helping customer to achieve their goals. PRODUCT SELLING VALUE SELLING ENTREPRENEURIAL SELLING Customer has a ā€¦ Need Problem Goals They are looking for ā€¦ Product or Service Solution Vision The process is about ā€¦ Matching between features and requirements Positive business case Complementarity between capabilities
  • 22. The creative part of Entrepreneurial Selling is about how resources and capabilities are leveraged to create customer value.
  • 24. MLP is German financial institution who uses their internal HR expertise to provide career advice to their customers.
  • 25. Young graduate customers are coached by MLP on how to manage the recruitment process when applying for a job.
  • 26. Their financial advisors are specialized by industry sector and region enabling them to provide career advice throughout the life cycle of the customers.
  • 27. Why do they do it? Because the more successful their customers are the more they will need banking services and the more they will remain loyal.
  • 28. WHAT INTERNAL CAPABILITY DO YOU HAVE THAT YOU COULD OFFER AS A SERVICE TO YOUR CUSTOMERS? ?
  • 30. Barry Callebaut is a chocolate producer who uses their academy infrastructure and their research to help their customers to innovate their own products.
  • 31. Once a year they conduct a market research on future consumer trends in chocolate consumption.
  • 32. They share this information with all their key customers in order to inspire them to innovate their own products.
  • 33. They invited their customers to come to their academy and use their premises and their expertise to innovate their own products.
  • 34. Why do they do it? Because it helps their customers to be more successful, order more chocolate and remain more loyal.
  • 35. WHAT CAPABILITY DO YOU HAVE THAT COULD HELP YOUR CUSTOMERS TO INNOVATE / IMPROVE THEIR BUSINESS? ?
  • 37. A system integrator introduces start-ups to their customers in order to inspire them and create new joint business opportunities.
  • 38. Once a year they screen a number of start-ups and select those which have products that could be of interest to their customers.
  • 39. Their sales people contact their customers to present these start-ups in order to inspire their customers and create new business opportunities.
  • 40. Why do they do it? This enables the integrator to inspire their customers, position themselves as an innovative partner and create new business opportunities.
  • 41. WHO DO YOU KNOW THAT COULD COME AND HELP YOU AND YOUR CUSTOMER TO INNOVATE? ?
  • 43. SAP embeds their technology within the solution of customers and partners in order to create a new innovative value proposition.
  • 44. This is how SAP and BARCO co-developed a new solution the ā€˜Control Roomā€™ of the future.
  • 45. HOW COULD YOU INNOVATE YOUR CUSTOMERā€™S VALUE PROPOSITION BY EMBEDDING YOUR CAPABILITIES INTO THEIR PRODUCTS? ?
  • 46. What is the Entrepreneurial Selling Method? ?
  • 48. The process starts with people becoming aware that something needs to change.
  • 49. Organizations typically do this by scanning their environment and their own business in the form of an audit or benchmarking exercise.
  • 50. Sales people can add value by helping their customers to become aware of how internal and/or external issues are impacting their business.
  • 51. Sales People can add value by accelerating the process by showing how other organizations are dealing with the change.
  • 53. Once people within an organization are aware they need to change, they start building a vision of how the organization should respond to the challenges they are facing.
  • 54. Sales people can add value by helping their customers to develop their vision by inspiring or by providing them with a method to define their vision.
  • 56. The vision is transformed into a business case and is presented to everyone within the organization.
  • 57. Sales People can add value to their customers by helping them to translate their vision into a solution and business case.
  • 58. Sales People can add value to their customers by communicating and persuading the stakeholders about the vision and the solution.
  • 60. Sales People can add value for their customers by actively influencing all the stakeholders to translate their commitment into action.
  • 61. This is the stage were contracts are signed with suppliers, people are allocated to projects and pilots or smaller parts are identified as the first steps in the project.
  • 63. During the implementation phase people need to be kept motivating and all the key stakeholders need to continue support the project.
  • 64. Sales people can add value by demonstrating early wins and keeping all the stakeholders fully committed behind the initiative.
  • 65. ā€¦and by ensuring the project achieves the value the customer is actually looking for.
  • 67. The last phase is about learning from the whole initiative before moving to something new
  • 68. Sales person can add value by evaluating and reviewing the value created by the initiative and generalizing what has been learned in order to capture anchor this in both organizations.
  • 69. In a nutshell 1. What are the goals of your customer? 2. How can you help them to achieve their goals? 1. Stretching existing capabilities 2. Finding new uses for existing capabilities 3. Utilising third party capabilities 4. Complementing capabilities 3. What will you learn out of it?
  • 70. THANK YOU Visit us at: www.entrepreneurialselling.org Click here Download this presentation and stay informed of our upcoming events.