+ All Categories
Home > Documents > Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger.

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

Date post: 27-Dec-2015
Category:
Upload: camron-henderson
View: 216 times
Download: 0 times
Share this document with a friend
Popular Tags:
17
Tip for expanding size of video screen 1
Transcript
Page 1: Tip for expanding size of video screen 1. Commercial Teaching at W.W. Grainger.

Tip for expanding size of video screen

1

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

3

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

4

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

17


Recommended