71%

 
The glue binding your customers to you isn’t as strong as you think it is. 71% of B2B customers report being willing to switch suppliers whenever necessary. The key to eliminating strategic account defections is to become essential to your customers.

 

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You Might LIKE:

The role of the strategic account manager continued to evolve throughout 2024 in response to customer expectations and an ever-changing marketplace. Below are five trends that shaped best practices in our SAM community this year, plus resources that explore these concepts further and generate solutions for the challenges ahead.

 

Human-Centered Collaboration

Finding predictability in today’s business world is a tall order. However, there is one place where predictability and all those other conditions thrive: on teams. In her Harvard Business Review article “Creating Stability Is Just as Important as Managing Change,” author Ashley Goodall writes that “teams are the source of much stability for their members,” reminding us that “our experience of work is created by those around us.” On a deeper level, teams play an important role in stability management by addressing fundamental human psychological needs that can’t be turned on or off. However, “collaboration drag” can create roadblocks for teams, as this next Harvard Business Review article explains. Fortunately, “Why Cross-Functional Collaboration Stalls, and How to Fix It” offers helpful solutions to keep communication channels open and the work flow hassle-free.


Data-Driven Personalization and Omnichannel

B2B sales are undergoing a profound transformation in today’s fluid economic landscape. McKinsey’s latest 2024 B2B Pulse Survey reveals critical insights into these shifts, highlighting how businesses can remain competitive and grow in an increasingly digital world. The survey finds “that across all sectors and regions, market leaders continue to experiment, invest, and commit to omnichannel sales as the path to sustainable growth.” The article gives an expert overview of the findings and offers crucial guidance on navigating the future of strategic account management.


Generative AI

“It’s easy to fall in love with gen AI — but recent research suggests that realizing its value is harder than the hype,” states the introduction to “Rewiring for the era of gen AI,” an episode of The McKinsey Podcast. Tune in as Rodney Zemmel, global leader of McKinsey Digital, and fellow senior partners and coauthors Eric Lamarre and Kate Smaje join global editorial director Lucia Rahilly to talk about their book “Rewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI.” This fascinating conversation not only offers real talk, it also gives leaders a play-by-play guide for outpacing competitors in a fast-changing era of gen AI disruption.


Agility in Dynamic Marketplaces

Rita McGrath — bestselling author and distinguished faculty member at Columbia Business School where she’s the academic director in executive education — is a globally recognized expert in strategic management. Her work and groundbreaking book “The End of Competitive Advantage” has been instrumental in helping organizations navigate the complex challenges of today’s dynamic business environment. On this episode of The SAMA Podcast, Rita takes listeners on a deep dive into a world of innovation and the evolving nature of competition. Here, she shares her perspectives on how businesses can adapt and thrive in the era of constant change by embracing a more dynamic and agile approach to strategy.


Customer-Centric Ecosystems

Ron Davis, Executive Vice President and Head of Customer Management at Zurich Commercial Insurance, joins this episode of The SAMA Podcast to discuss “Political Entrepreneurs: Mastering the Art Of Strategic Account Management And Outside-In Selling.” Tune in, as Ron talks about how world-class SAMs engage with customers by embracing differentiation and customer-centricity to master the art of outside-in selling.

 

“SAMA provides us access to best practices, training and research in the areas of strategic account management from innovative selling organizations, including our own successful customers who are members as well. Corporate membership has proven to be an excellent investment in building and sustaining a world-class global sales force.”

 

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