Federal, state, and local governments regulate almost every aspect of the business environment. While many requirements necessitate one-time actions, others govern ongoing business operations. Performance measures dedicated to monitoring compliance with regulatory requirements and possessing thresholds tailored to ensuring timely, preemptive corrective actions prevent noncompliance, provide regulatory margin, and minimize management distraction.
Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Subscribe to the StrategyDriven Insights Library
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
Don’t need a subscription? Buy access to Organizational Performance Measures Best Practice 27 – Performance Measures and Thresholds Aligned with Regulatory Standards for just $2!
Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
https://www.strategydriven.com/wp-content/uploads/RegulatoryThresholds.jpg282426Nathan Iveshttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngNathan Ives2013-12-03 06:37:072020-10-24 16:31:15Performance Measures and Thresholds Aligned with Regulatory Standards
I get a ton of emails from people seeking insight or asking me to solve their sales dilemmas. Here are a few that may relate to your job, your life, and (most important) your sales thought process right now.
Jeffrey, A company that installs gutter guards recently lost my business. I was solicited by their sales team twice. The second time I was in the market to buy. But their technique is different. They require both the husband and wife be home during their estimate. I do understand why they want both to be there (so they can eliminate any obstacles). However, my wife doesn’t care, nor does she want any involvement in these type of decisions. I told them if they require this, I will take my business elsewhere. They simply stated, “Thank you,” and hung up. They lost the sale, but I now have new gutter guards that were installed by another company. What is your take on this? Mike
Mike, Old-world salespeople are gonna die. In sales, it’s called a one-legged sale when only one of the two deciders is in the room. Companies don’t want to “waste their time” on someone who “can’t decide without talking to their spouse” because the objection they use is, “I’m going to talk this over with my…” The bottom line is that company is rude, stupid, and will lose people (just like they lost you).
First of all, men don’t decide anything, anyway! Only women decide. The woman will approve all decisions in any household. Don’t take my word for it, ask any husband.
HERE’S THE SECRET: If you’re in the business of sales, you’re also in the service business, you’re also in the people business, and you’re also in the friendly business. Anyone says, “I’m not going to give my sales presentation unless both decision makers are in the room,” doesn’t fully understand that concept. But that’s the bad news for them. The good news is you can call their competition and coach them on what to do correctly. Somebody obviously did. Best regards, Jeffrey
Dear Jeffrey, My company delivers mobile dictation and transcription service to field workers in IT and health care, saving these people time in reporting. Lately I have been promoting the service to sales professionals. I have written several 30-second commercials for this but keep running into all sorts of objections. Salespeople are difficult prospects and I’m constantly trying to find the right pitch. How would you approach the market of sales professionals and sales management? Do I need two different approaches? Gerhard
Gerhard, No. You need one approach. Every salesperson who has a CRM – SalesForce.com, Microsoft Dynamics, whatever it is – is required to put stuff into their computer on an everyday basis for every sales call they make and there’s one universal truth about it: they all can’t stand it.
But if you could get them to record something on their laptop immediately, like a two minute, this goes here, this goes here, and you could actually do their CRM entering for them… Oh baby! Their boss would buy it, they would buy it, their CEO would buy it, and their spouse would buy it. Everybody would buy it and they would pay double.
The problem is you’re trying to sell your service instead of giving them an answer that they’re looking for. Big mistake. Don’t tell me what you’ve got. Sell me what I perceive that I need and then I will buy. Best regards, Jeffrey
Jeffrey, I’m an independent commercial real estate lender and commercial real estate mortgage broker. I’m trying to link up with referral sources such as CPAs, commercial realtors, financial planners, etc. Do you have suggestions for a thought provoking question or line of conversation to help me connect with these folks and open the door to more meaningful dialogue? Dennis
Dennis, Dude, you’re providing them with money. You’re helping them get deals done. Why don’t you ask them questions like, “What do you think about when your deal doesn’t go through? Do you think that there’s another alternative way?” and then follow with, “My name’s Jeffrey, and I would love to be your secondary source for the deals that don’t make it. If I can prove myself on a couple of them, maybe I can earn my way to becoming your primary source. Fair enough?”
All the people you’re talking to in the real estate business only want to get a deal done. That is their primary objective. It doesn’t matter what the interest rate is. It doesn’t matter where they get the funding from. They only want to get the deal done. If you can be a person who can help them get the deal done, they will use you. Best regards, Jeffrey
Jeffrey, I am a devoted reader of your weekly email magazine and a fellow Phillies fan. I’m not a salesperson by title, but as GM turned entrepreneur, selling is a vital skill, and your insightful information is greatly appreciated, not to mention it just makes sense. My strengths are more on the production and supply side, so I was wondering if you had any advice on how to find qualified salespeople in specific industries. I have several products that I’d like to develop sales channels for, but I’m not sure where to begin effectively. Rob, Chief Cook and Bottle Washer
Rob, Qualified salespeople are already working someplace else. You must attract them with reputation, range of salary and incentives, and social proof that you’re great. Look for people in related industries or directly at your competition. Ask your vendors. Ask your customers who they love to buy from. Search LinkedIn by keyword to see who may be “looking for career offers.” Go Phillies! Jeffrey
Jeffrey, My boss and I have drafted emails to different types of industries specifying how they can make money and profit from our service. The plan is to send out these brief descriptions through email and see who gets back to us. After reading almost all of your material, I know you don’t believe in cold calling, but in this case is it better to email the companies or call them on the phone? Ryan
Ryan, The answer is neither. What you need to be doing is blogging information about these companies that they would consider valuable. You have an email magazine. You post something on Twitter. And with their search for keywords about their own stuff, they will find you. If you only send out information about yourself… “We have this great service and it’s the greatest thing in the whole wide world” …delete, delete, delete! But if you put value messages out that they might be able to find, it will be delight, delight, delight! Best regards, Jeffrey
Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.
About the Author
Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].
https://www.strategydriven.com/wp-content/uploads/JeffreyGitomer.jpg218156StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2013-12-02 06:38:352016-08-08 16:18:26Salespeople have questions. Jeffrey has answers.
A customer-centric brand is clearly a priority today for most organizations. But how can management achieve that if they can’t believe what customers tell their market researchers?
The new global consumer appears to be a bundle of contradictions who keeps secrets from marketers and sometimes lies to us. A recent Y&R study, Secrets & Lies, the Hidden Side of the Global Consumer found that people appear to be hiding some of their most important desires and brand perceptions. The study asked about consumer personal values and their liking of brands in two ways:
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Chip Walker is Executive Vice President, Brand Planning at Young & Rubicam Advertising, where he helps clients with brand strategy and consumer understanding as well as heading thought leadership initiatives for the Agency.
https://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.png00StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2013-11-29 06:20:402016-01-31 13:44:29The New World of the Global Consumer
As we reflect on the past year, we have many things to be thankful for and in particular the trust and support you – our listeners and readers – have given us.
Thank you for making our sixth year a very successful one. May you enjoy the happiest of Thanksgiving Holidays.
Best Wishes Always, The StrategyDriven Team
https://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.png00StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2013-11-28 06:43:242013-11-24 20:01:57Giving Thanks to You, Our Listeners and Readers
Success in the workplace depends on your ability to relate effectively to people. Research shows that 60-80% of all difficulties in organizations stem from strained relationships between employees, not from deficits in an individual employee’s skill or motivation.1
Difficult workplace relationships are far more than a nuisance; they can cause anxiety, burnout, clinical depression and even physical illness.
Healthy relationships at work can propel you to great heights of achievement; dysfunctional or toxic ones will tether you to mediocrity. When we mismanage relationships, the fall-out affects productivity and quite possibly our ability to advance. Your success at work depends on your ability to set the kinds of boundaries that encourage mutual respect and keep the focus on productivity.
7 Tale-Tell Signs of a Toxic Relationship
You’re in a toxic professional relationship with a boss or peer when they:
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Field expert Van Moody is the author of The People Factor (an upcoming release by publisher Thomas Nelson) and a motivational speaker who advises on matters related to relationships as they pertain to friends, family, significant others and the workplace. He is a ‘People Scholar’ who helps others build their ‘Relational IQ’ to achieve success at home, in their social circles, and in business. He may be reached online at www.vanmoody.com.
Reference
1. Association for Psychological Type International, APTI
https://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.png00StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2013-11-27 06:32:292016-01-31 13:48:55Blurred Lines: Setting Healthy Boundaries at Work
Performance Measures and Thresholds Aligned with Regulatory Standards
/in Organizational Performance Measures, Premium/by Nathan IvesHi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Subscribe to the StrategyDriven Insights Library
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
Not sure? Click here to learn more.
Buy the Article
Don’t need a subscription? Buy access to Organizational Performance Measures Best Practice 27 – Performance Measures and Thresholds Aligned with Regulatory Standards for just $2!
Access the Article Now!
About the Author
Salespeople have questions. Jeffrey has answers.
/in Marketing & Sales/by Jeffrey GitomerI get a ton of emails from people seeking insight or asking me to solve their sales dilemmas. Here are a few that may relate to your job, your life, and (most important) your sales thought process right now.
Mike, Old-world salespeople are gonna die. In sales, it’s called a one-legged sale when only one of the two deciders is in the room. Companies don’t want to “waste their time” on someone who “can’t decide without talking to their spouse” because the objection they use is, “I’m going to talk this over with my…” The bottom line is that company is rude, stupid, and will lose people (just like they lost you).
First of all, men don’t decide anything, anyway! Only women decide. The woman will approve all decisions in any household. Don’t take my word for it, ask any husband.
HERE’S THE SECRET: If you’re in the business of sales, you’re also in the service business, you’re also in the people business, and you’re also in the friendly business. Anyone says, “I’m not going to give my sales presentation unless both decision makers are in the room,” doesn’t fully understand that concept. But that’s the bad news for them. The good news is you can call their competition and coach them on what to do correctly. Somebody obviously did. Best regards, Jeffrey
Gerhard, No. You need one approach. Every salesperson who has a CRM – SalesForce.com, Microsoft Dynamics, whatever it is – is required to put stuff into their computer on an everyday basis for every sales call they make and there’s one universal truth about it: they all can’t stand it.
But if you could get them to record something on their laptop immediately, like a two minute, this goes here, this goes here, and you could actually do their CRM entering for them… Oh baby! Their boss would buy it, they would buy it, their CEO would buy it, and their spouse would buy it. Everybody would buy it and they would pay double.
The problem is you’re trying to sell your service instead of giving them an answer that they’re looking for. Big mistake. Don’t tell me what you’ve got. Sell me what I perceive that I need and then I will buy. Best regards, Jeffrey
Dennis, Dude, you’re providing them with money. You’re helping them get deals done. Why don’t you ask them questions like, “What do you think about when your deal doesn’t go through? Do you think that there’s another alternative way?” and then follow with, “My name’s Jeffrey, and I would love to be your secondary source for the deals that don’t make it. If I can prove myself on a couple of them, maybe I can earn my way to becoming your primary source. Fair enough?”
All the people you’re talking to in the real estate business only want to get a deal done. That is their primary objective. It doesn’t matter what the interest rate is. It doesn’t matter where they get the funding from. They only want to get the deal done. If you can be a person who can help them get the deal done, they will use you. Best regards, Jeffrey
Rob, Qualified salespeople are already working someplace else. You must attract them with reputation, range of salary and incentives, and social proof that you’re great. Look for people in related industries or directly at your competition. Ask your vendors. Ask your customers who they love to buy from. Search LinkedIn by keyword to see who may be “looking for career offers.” Go Phillies! Jeffrey
Ryan, The answer is neither. What you need to be doing is blogging information about these companies that they would consider valuable. You have an email magazine. You post something on Twitter. And with their search for keywords about their own stuff, they will find you. If you only send out information about yourself… “We have this great service and it’s the greatest thing in the whole wide world” …delete, delete, delete! But if you put value messages out that they might be able to find, it will be delight, delight, delight! Best regards, Jeffrey
Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.
About the Author
The New World of the Global Consumer
/in Customer Relationship Management, Marketing & Sales/by Chip WalkerA customer-centric brand is clearly a priority today for most organizations. But how can management achieve that if they can’t believe what customers tell their market researchers?
The new global consumer appears to be a bundle of contradictions who keeps secrets from marketers and sometimes lies to us. A recent Y&R study, Secrets & Lies, the Hidden Side of the Global Consumer found that people appear to be hiding some of their most important desires and brand perceptions. The study asked about consumer personal values and their liking of brands in two ways:
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Subscribing to the Self Guided Program - It's Free!
About the Author
Chip Walker is Executive Vice President, Brand Planning at Young & Rubicam Advertising, where he helps clients with brand strategy and consumer understanding as well as heading thought leadership initiatives for the Agency.
Giving Thanks to You, Our Listeners and Readers
/in Announcements/by StrategyDrivenThank you for making our sixth year a very successful one. May you enjoy the happiest of Thanksgiving Holidays.
Best Wishes Always,
The StrategyDriven Team
Blurred Lines: Setting Healthy Boundaries at Work
/in Practices for Professionals/by Van MoodySuccess in the workplace depends on your ability to relate effectively to people. Research shows that 60-80% of all difficulties in organizations stem from strained relationships between employees, not from deficits in an individual employee’s skill or motivation.1
Difficult workplace relationships are far more than a nuisance; they can cause anxiety, burnout, clinical depression and even physical illness.
Healthy relationships at work can propel you to great heights of achievement; dysfunctional or toxic ones will tether you to mediocrity. When we mismanage relationships, the fall-out affects productivity and quite possibly our ability to advance. Your success at work depends on your ability to set the kinds of boundaries that encourage mutual respect and keep the focus on productivity.
7 Tale-Tell Signs of a Toxic Relationship
You’re in a toxic professional relationship with a boss or peer when they:
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Subscribing to the Self Guided Program - It's Free!
About the Author
Reference
1. Association for Psychological Type International, APTI