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OneAccord Partners, Revenue Generation in Mineral Exploration

Mineral Exploration

Prepared by: Peter Klinge, Jr., Regional Managing Principal - Salt Lake City
Industry: Mineral Exploration
Revenue: 2008 estimated $2Billion + Public
Location: Salt Lake City, UT

Client Background: The company is a worldwide leader in drilling services and products to the mining, construction, and environmental sectors.
Business Situation:
  • Significant challenges associated with managing up and down cycles of mineral commodity sectors.
  • Macro economic situation of significant growth cycle coincides with corporate transformation from subsidiary to independently traded public company
  • Business strategy, process, and cultural changes necessary for successful transition to improved customer management focus.

OneAccord Solution:
  • Client company requested OneAccord focus on two main areas:
    • U.S. product store strategy
    • Key worldwide account development
  • Significant to both areas; necessary: both were necessary
  • How helped: focus strategic priorities:
    • People
    • Customers
    • Product & Service
  • Transform sales organization from transactional to relational account management approach
  • Key idea was to justify the company's margin of value to customers by: Its commitment to help customers with products and service availability to address their needs and pain issues over extended relationships in different cycles.

Engagement Highlights:Working with the CEO and senior management OneAccord's work included:
  • Products distribution and retail business strategy
  • Strategic roll out plan
  • Creation of outlet operations manager manual
  • Customer insights development to ascertain need requirements of global customers
  • Development of company's value proposition approach to selling higher value solutions to top customers
  • Worldwide sales development workshops for the products sales organizations to nurture account management approach
  • Customer problem solutions and relational sales
  • Built long term account plans and sales deals
  • Core metrics

Results:
  • Greater account management focus with higher revenue & margin value
  • Re-energized sales organization motivation for improved customer relationship selling
  • Revenue gains from 2005 to 2008 exceeded 25% to nearly $2B. This revenue achievement is a 5x increase over 2000.