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Don't assume because you have the business, you'll keep it. Demonstrate that you value your client's business. Create contact plans to keep in touch with key stakeholders in your company and your client's. From there, you'll create a capture plan to map out the specific steps you'll take to win that renewal.
In practice, there is usually an iterative process where top-down and bottom-up strategies are negotiated and aligned. The processes to obtain and analyse data, engage all stakeholders, consider the options and implications, make choices and be pragmatic about implementation. See also integrated-business-planning-oct12.pdf
The negotiation strategies you use will help determine whether you win the deal, and how profitable it is. The problem with negotiation is that too much of it is done ad hoc. In this article, I’ll cover: What’s the goal of your negotiation strategy? Negotiation tactics you can use in your next proposal.
A virtual data room , or VDR, is a secure, online space acting as a repository of a company’s documentation, and serves as a virtual hub where company users share real-time information with other investors, clients or stakeholders when executing investment banking deals. can be completed virtually via an online data repository.
However, managing the stakeholders is another. Build and maintain your businessplan from the early stages on. Business or operating plans are the backbone of your partnership. Start building one before you actually approach a partner and keep on refining the plan during the creation and management phases.
Streamline all your deals with PandaDoc VDR software With PandaDoc, you can create your own virtual data room to help expedite closing all your deals, from sales in your pipeline to final contract negotiations after due diligence has been performed.
Key Account Management Glossary: 65 Crucial Account Management Terms Explained Account Hierarchy: Account Hierarchy is the structure and organization of key accounts within a company visualized in a hierarchical system of decision-makers and stakeholders.
To kick this process off, we recommend 1-2 weeks (1-hour meeting with the Owner/CEO, Strategy Director, and Facilitator (if necessary) to discuss the information collected and direction for continued planning.) Questions to Ask: Who is on your Planning Team? What senior leadership members and key stakeholders are included?
Collaborate with Sales to lead annual and quarterly businessplanning cycles. Analyze business and customer trends, identify opportunities and help create scalable strategies for growth. Ensure the team is fully staffed, trained and deployed to fulfill the strategic plan.
They are responsible for managing client relationships and ensuring their satisfaction through establishing effective communication, implementing strategies to grow companies’ business, and creating new opportunities for their clients.
When I say “center,” I don’t mean dealing with contract negotiations or finding the appropriate people to get signatures; rather, I mean coordinating and directing the salesperson or account manager using their knowledge and understanding of how the product drives value for the customer. Plan for Success.
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