Remove Decision-making Remove Government Remove Profitability
article thumbnail

The Important Role of Pricing Departments in the Price, Cost, Revenue Equation

Holden Advisors

Think: Revenue – Costs = Profit. When only 30% of B2B buyers make decisions based exclusively on price (noted in Negotiating with Backbone ), it’s not surprising the other 70% care about value if they are thoughtfully informed about it. We’ve found this is true even with governments, who are typically price and RFP oriented.

article thumbnail

What Is a Joint Venture? [+ How It Can Grow Your Business]

Hubspot Sales

Think: Whos contributing what, how decisions get made, and how profits (or losses) are split. Some agreements are simple, just covering the basics, while others go deep into financing structures and decision-making authority. Pro tip: Ive learned that clear governance is everything. government incentives (e.g.,

article thumbnail

9 Unexpected Reasons Why Key Account Management is Important

Account Manager Tips

Importance of key account management Existing business is cheaper and more profitable than new business. Identify and connect with decision-makers, budget holders and manage complex relationship networks. Clients feel secure in the relationship, and information sharing and transparency increase to help everyone make better decisions.

article thumbnail

Banking on Transformation: Unlock the Future of Financial Services with Value Stream Management

Planview

Evolving Business Models : Customers expect seamless, personalized experiences, forcing businesses to balance profitability with human-centered design. By enabling end-to-end visibility, fostering collaboration, and enhancing decision-making, VSM bridges the gap between strategic intent and tangible results.

article thumbnail

Painless and profitable: Our guide to winning at price negotiation

PandaDoc

Sounds obvious, but this is one of the classic errors of newbie negotiators — they easily lose their composure under the pressure, which makes them weaker in the opponent’s eyes. The affect heuristic reflects the relationship between emotions and the decision-making process. Such tools can help you be more decisive.

article thumbnail

The Most Overlooked Job in Sales Operations

SBI Growth

This data was key to the client making sound strategic decisions for future growth. They’ve done well to make sense of jumbled data but at great cost. On the other hand, bad data leads to bad decisions, lost productivity or both. Making better decisions in our data-rich world is expected. Follow @pseidell.

article thumbnail

Your Guide to Data-Driven Decision-Making in 2024

AchieveIt

Using intuition or a vibe might work when choosing where to go on your next vacation or which restaurant to try, but not when making strategic or business decisions. Your decision-making process should be centered around these valuable insights. What is data-driven decision-making (DDDM)?