E16

Monetization of Value

Training Units
1
Training Type
  • In-Person (1 day)
  • Online (2 consecutive half-days)
Fees
  • Corporate Member = $995
  • Individual Member = $1,045
  • Non-Member = $1,195

Certification eligibility:

Yes

Presented by:

The Summit Group

Strategic account managers are responsible for monetizing the investments their companies have made to build the products and services they offer – and to prevent them from being commoditized. A product or service will become commoditized if it does not have differentiated value that can be quantified and monetized, and so it is the SAM’s responsibility to convert this value into cash. This course equips strategic account managers with leading practices, frameworks, and tools to quantify and monetize the value they bring to their customer and to differentiate how they engage with them.

TOPICS COVERED:

Through sharing “next-level” practices, insights into what the best do differently, and account-centric application of the monetization framework, principles, and tools, attendees will learn to:

  • Create a monetization strategy and apply principles to identify your value enablers, creating a model to quantify and monetize your differentiated value
  • Expand customer insights through a deeper understanding of market and business drivers of your customer, validating assumptions and uncovering opportunities to expand the value of your relationship
  • Understand different methods of monetization and how to decide which method is appropriate for your customers
  • Engage key stakeholders (internal and at the customer) to identify opportunities for incremental value – and then monetize it
  • Quantify and communicate compelling value propositions by creating relevant, quantified value stories in the customer’s currency, plus a “board-ready” business case that quantifies the “ripple effect” through the ecosystem
  • Develop a plan that enables organization-wide change, both internally and at the customer, to realize the monetizable value of your strategic relationship
Competencies Covered:
  • Financial/business acumen
  • Value analysis & opportunity insight
  • Value co-creation
Related SAM Competency:
  • Strategic Account & Opportunity Planning
  • Joint Solution Development, Co-creation & Reaching Agreement
Related SAM Process:

Step 1. Customer Co-Discovery & Value “Fit”

Step 2. The Strategic Account Business Value Plan

Step 3. Co-Create Value

Step 4. Mobilize & Align the Multifunctional Team

Step 5. Capture Value through Negotiating & Closing

Step 6. Execute Value & Deliver to Customer Commitments

Step 7. Realize/Expand Value through Overall Relationship & Outcome Management

Upcoming Workshops
Faculty:

The Summit Group is a global sales performance improvement company. We build salespeople into authentic business professionals. Since 1993, we’ve helped international clients optimize their sales performance through consultancy and customized training solutions.

The Summit Group has accelerated leading companies’ distinguishing go-to-market execution in more than sixty countries. We train sales organizations how to effectively develop unique business value for their customers, resulting in immediate revenue growth, increased customer loyalty and elevated consultative relationships.

Our unique, pragmatic approach ensures distinction and differentiation through the delivery of business simulation skill-based training. We focus on consultative-based relationships, uncovering and developing customer needs and requirements, and building value-based solutions that leverage the organization’s value capabilities and directly align with customer needs.

http://www.summitvalue.com

Frequently Asked Questions: