Advanced Key Account Management & Business Development

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Why Attend

This course is designed to transform participants into business advisors and high yielding and profit generating relationship managers whom clients rely on and companies value. The course shows participants how to build long term, value based relationships with large accounts, penetrate them for additional business, and maximize the revenue they generate while reducing the time and costs in managing them. The course also provides a strong focus on quantitative approaches to account qualification and account planning best practices.

Event Date: 19/06/2023 – 21/06/2023

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Overview
Course Outline

Key Account Management (KAM) defined
- The changing nature of sales force activity
- Definition of key account management
- Criteria for qualifying Key Accounts (KA)
- Strategic accounts versus key accounts
- Objectives of KAM
- Managing customer profitability and Customer Relationship Management (CRM)
  - Definition and goals of CRM
  - The value of loyalty
  - Acquisition costs and life time value (LTV)
Account analysis: defining and selecting KA
- KAM: best practice actions
- Account analysis insights
- Account analysis methods
  - The single factor models
  - The portfolio models
  - The decision models
- Important ‘KPIs’ for KA qualification
  - Computing the cost per call
  - Break even sales volume
  - Result based simulation
Key account relational development model
- Business partnership defined
- The partnership skill set
- The KA relational development model
  - Pre-relationship stage
  - Early relationship stage
  - Mid-relationship stage
  - Partnership relationship stage
  - Synergetic relationship stage
- Reasons for divesting partnerships
- The KA quiz
The Key Account Planning process (KAP)
- Two layers of planning
- Prioritizing efforts
- Important business analysis
  - Customer analysis
  - Past business analysis
  - Competition analysis
- Identifying opportunities
  - ‘SWOT’ analysis
- Developing account strategy
  - ‘TOWS’ analysis
The critical role of key account managers
- Understanding the role and responsibilities of key account managers
- Harnessing daily to-do-lists to optimize sales productivity
- Identifying and working with different personality styles
- Presentation skills for key account managers
Business development: overview and best practices
- Business development: definition and scope
- Account analysis and qualification: an overview
- The new landscape of account management and BD
- Understanding the buy-sell ladder model
- Client classification: building an ideal client profile
- Understanding and working the customer loyalty ladder
Building and leading the business development team
- Stages in team formation
- Building a high performance team
- Defining team roles
- The team motivation mix
- Management versus leadership
- Practices of exemplary leaders (industry practices)