Money ball
-
Upload
sales-focus-international -
Category
Sales
-
view
29 -
download
1
Transcript of Money ball
The Challenge
The challenge for companies today is having access to information and
processes that assist in driving the right behaviors in sales forces that
ultimately deliver growth. The traditional focus on output of revenue
is fundamentally flawed with a reported 60% of salespeople failing to
deliver sales goals.
Companies often rely on their ‘A players’ to achieve results while average
players continually fail to deliver. This carries a high risk and major cost
base unnecessarily to companies.
Successful companies have shifted their focus to the levers that deliver
the results; where the revenue is derived from Sabermetrics meaning ‘in-
field activity’. This information is rarely captured by any known software
system but is the most vital information to work with.
Through the Sales Focus International’s Money Ball system you can drive
the performance of your team.
Note: Money Ball is not software – it is a management methodology.
p.2© 2015 Copyright Sales Focus International
In 2002 the USA baseball team the Oakland A’s, were confronted with the
challenge of building a world series team but had only a paltry payroll ($41 million)
against their competitors like the New York Yankees ($125 million). The answer to
their problem, oversimplified, had to do with the Oakland A’s precocious grasp of
advanced baseball metrics.
While many teams still used traditional statistics to gauge the ability of players,
team captain Billy Beane and the Oakland A’s began using a more advanced
of method of measurement, called ‘Sabermetrics’. Sabermetrics being the
measurement of in-game activity.
The Oakland A’s realised that players with strong sabermetrics correlated as much
(if not more) to winning games than did players who were strong in traditional
statistics. As an additional benefit, the players with strong sabermetrics were
most cost effective to employ than players with strong traditional stats.
The reason? Most teams still gauged player value with traditional stats. The
Oakland A’s, and with the application of sabermetrics in gauging player value,
found cost effective talent that could still get the job done. The made it to the
world series
Many people became aware of the story through the film Moneyball in 2011.
The Back Story to Sabermetrics and Money Ball
p.3© 2015 Copyright Sales Focus International
Money Ball is a planning and management tool designed to:
For Salespeople:
• A valuable planning tool – enabling teams to plan how to deliver over sales
goal results each month, quarter and year
• Smarter decisions – through the planning tool, teams are able to make
more intelligent decisions about their customers, activities and focus in
meetings
• Increased performance – sales team members become more productive in
the critical areas of productivity and effectiveness
• Manages pipelines - pipelines can be validated for more reliable forecasts
• Coaching – individual coaching and development needs are identified and
easily addressed with situational coaching
For Executive Management:
• Planning – improved sales goal setting enabling higher goals to be set
• Transparency – a complete understanding of individual team performance
• Measurement – a greater understanding of what is driving the revenue
results for your company
• Improved results – higher revenue achievement across all team members
Money ball is not a project, it becomes part of the culture of the company.
Sales Focus International’s Money Ball
p.4© 2015 Copyright Sales Focus International
Money Ball is not a generic approach. It is a methodology customised
to strategically fit to your organisations sales behaviours, strategy and
business demands. It is not designed just to map your existing approach;
it is an opportunity to improve your sales organisation and increase your
competitive advantage.
Sales Focus International conduct a review of your sales organisation to
understand how you operate, your goals and identify areas for business
improvement. A simple format worksheet and reporting mechanism is
then developed and implemented as a tool for salespeople and front line
management.
The worksheet supports pipeline validation and accurate reporting.
A summary report is established that will inform senior executives of critical
information in a one- page report.
This approach provides excellent decision-making information that is
objective and rich in hard data.
Designing Money Ball for Your Organisation
p.5© 2015 Copyright Sales Focus International
For best results in sales organisation improvement, Sales Focus International recommends a full
growth capability review for maximum results with the Money Ball methodology.
Sales Focus International provides CEO/MDs with hard evidence and answers to their questions
about growth capability and what actions need to be taken. We look closely at the business and
we review areas such as:
• Strategy implementation methodologies
• Sales and marketing structure
• Customer alignment
• Human capital processes and systems
• Talent management and capabilities
• Productivity and effectiveness
• Cost efficiencies
• Compensation
• Culture
• Measurement
We clearly define how to gain the transparency and improve the performance of the results
being delivered, immediately. We establish the real growth capability of the company. We
demonstrate the actions required to make that capability a reality and the time this will take,
the result being a breakthrough in revenue barriers and increasing sales revenue.
A Wider View of Sales Improvement
p.6© 2015 Copyright Sales Focus International
Money Ball is about transparency and accountability while providing individuals
with the tools and knowledge they need to excel. It is a methodology that is
grounded in team members being coached and guided to assist them improve
their performance. The task that every sales manager must do if the team are to
deliver sales goals consistently.
Like any new system to a company, it can be met with different levels of
acceptance, depending on the culture. Companies must be prepared to work
through various levels of acceptance with a dedicated focus to it becoming part
of the companies DNA.
The system is introduced through a workshop session with managers, that can
also include sales personnel depending on your objectives and culture. Some
companies look to their managers to implement, while others see benefit in the
entire team being brought together.
Some front line managers may need training in contemporary sales management
practices to embrace the methodology and maximise the results.
Introducing Money Ball to Your Company
p.7© 2015 Copyright Sales Focus International
Money Ball is a daily – weekly – monthly methodology that is grounded in
coaching and guiding. Teams will focus on working within the system and using
the worksheets to create conversation around performance improvement.
Additionally, finding smarter ways of executing their role benefiting both the
company and the individual.
Consistency is the key. Consistant adoption with the use of the system provides
greater reliability in the results delivered.
Depending on the size of the sales organisation, it may require resource support
of a sales administrative person for a number of hours each week to collate
information and develop reports. Sales managers ideally should be focused on
coaching and guiding, and not administrative tasks.
Sales Focus International provides on going coaching to assist with the
implementation of Money Ball into your organisation ensuring the maximisation
of its value. Each month we review the results and make recommendations to
assist your company.
Sales Focus International Money Ball is the Methodology for Performance
Improvement Driving Growth in Sales Organisations
Management of the Money Ball system
Guaranteed to Increase Productivity and Effectiveness = Results
p.8© 2015 Copyright Sales Focus International
Sales Focus International is one of the leading dedicated sales and marketing consulting firms in the region. We work with companies to assist them in delivering sustainable revenue improvement. We are renowned for delivering results in shorter
time frames. We transform company cultures to embrace contemporary practices creating a competitive advantage.
Since 1990, we have been passionate about achieving better results for our clients.
New Zealand OfficeLevel 1021 Queen StreetAUCKLAND 1010New ZealandTelephone: +64 9 927 8810Facsimile: +64 9 927 4999
USA Office401 N Michigan Avenue
Suite 1200CHICAGO IL 60611
United States of AmericaTelephone: +1 312 840 8559Facsimile: +1 312 840 8201
Australian Office Level 28
303 Collins StreetMELBOURNE VIC 3000
AustraliaTelephone: +61 3 9678 9212
Facsimile: +61 3 9678 9009
where companies turn for revenue improvement
© 2015 Copyright Sales Focus International