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.