Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CASE STUDY Background: Situation the candidate is in You're getting pressure internally because your customer account is deemed stagnant, and entrenched in purely price driven

CASE STUDY
Background: Situation the candidate is in
You're getting pressure internally because your customer account is deemed stagnant, and entrenched in
purely price driven behavior. Some leaders are saying it's not worth the effort to sell to them e.g. they've been
late on payments, occasionally send you on fire drill assignments, etc. However, the customer is in a dynamic
market which is growing at 6%YOY? and you believe they could become a strategic account given synergies
between their business strategy and x company software offerings roadmap. Your competition is mounting
with new entrants every day and you know many of them are knocking on your customer's door. But your
customer is still looking to X company based on the historical relationship and belief that X company
endeavors in Software could open yR new opportunities.
Areas of focus: What the candidate should analyze and consider
You know the customer stakeholders better than those internally who are pressuring you to make a change
but you are in a situation where you need to sell your ideas internally. Based on discussions with the customer
you are confident that x company has more to offer them across the portfolio and that they are evolving their
buying behavior to focus on value over price. However, you're reliant on others across X company businesses
and functions to work with you on building commercial insights and value propositions that will elevate the
customer dialogue and you're hitting barriers due to internal resistance. Additionally, x company software
solutions, which you believe are highly relevant to the customer, are not yet well defined and the internal
staffing is ambiguous so trying to find the right influencers and decision makers has been a struggle.
Meanwhile, your customer is looking forward to your big ideas and how x company can help.
The customer is calling and says they want to meet within 2 weeks, to discuss the husines; strategies, big
ideas and value for the long term.
Internally you believe Marketing should be in the discussion and because this could become a software
focused discussion, you would prefer to have some technical experts involved as well.
Your sales colleagues and leaders brush off your invites and when you corner them, they're disinterested and
"too busy." They tell you, "gond luck getting engagement from Marketing."
Actions for Candidate:
Develop a plan and pitch it to the panel (the panel includes those reluctant internal sales leaders described in
the case).
Then respond to the customer's request for a meeting. What does your response entail?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Other Assurance Services

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

10th Canadian Edition

0131296159, 978-0131296152

More Books

Students also viewed these Accounting questions