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#012 When you lose…don’t lose the learning, with Vince Tickel

#012 When you lose…don’t lose the learning, with Vince Tickel

FromKAMCast - Key Account Management Strategies for Business Leaders


#012 When you lose…don’t lose the learning, with Vince Tickel

FromKAMCast - Key Account Management Strategies for Business Leaders

ratings:
Length:
44 minutes
Released:
Mar 4, 2021
Format:
Podcast episode

Description

IN THIS EPISODE:How often do you put aside time to reflect honestly on the learning you have gained following the closure of a deal, whether you won or lost it?
Do you pause for a moment to celebrate the victory or commiserate the loss?
Or do you go deeper than that, in pursuit of feedback that can be fed forward into future pitches?
Creating a learning culture in an account management team is hugely beneficial and requires us all to embrace feedback, even the painful stuff.
The sort of feedback that tells us specifically what went well, so that we can repeat and replicate, and how things could have been better, so that we can tweak and develop our approach to maximise chances on the next attempt.
It will always feel better to focus on the wins and brush away the losses. And, at the same time, the risk we run is blindly ignoring the rich layers of feedback and learning that are available, if we intentionally go looking for it.
In this episode you get to listen and learn from my guest Vince Tickel - a seasoned entrepreneur, executive coach and group chairman of the Vistage Central London group.
Having started a career in the marketing departments of multi-national food companies, he set up his first company, a marketing consultancy called Interface, aged 24, working for branded companies such as Unilever, Bacardi-Martini, Bass and P&G.
In the late 90’s he diversified, setting up a chain of sales and marketing service companies in the UK and Europe building it into a £15m turnover group with over 100 staff.
I invited him on to KAMCAST to share with you what his experience has been in implementing a learning culture in his businesses - where feedback was king, and teams live by the mantra:
When you lose, don’t lose the learning. 
 
HIGHLIGHTS FROM THIS EPISODE:The reality is that you are highly unlikely to win all the deals or contracts you pitch for, right? Losing is part and parcel of the world of account management.
So how would rate yourself on learning from the feedback you get along the way?
Vince says that curiosity starts at the top of an organisation and we want to be recruiting ‘sponges not stones’. I like that – a great analogy.
Team members who are constantly looking for:
a.    constructive criticism,
b.    understanding what went well, and
c.    what would be even better “if…(insert here)”
…could be the difference between static performance in the comfort zone and developing performance and growing relationships and revenue.
I am convinced after this conversation with Vince that Critical Feedback should be hard wired into a KAM Culture.
Of course, that requires TRUST and VULNERABILITY. To lead from a position of trust means not pretending to know everything. Being comfortable saying ‘I don’t know’, ‘I got that wrong’, ‘I’m sorry’.
This level of vulnerability will induce an attitude towards failure that embraces it in pursuit of learning and feedback. Ultimately eliminating the fear.
In this episode you’ll hear Vince’s top three tips on implementing critical feedback into your business:
TIP #1: A learning culture starts at the top
As leaders we need to be a student…always
TIP #2: Let people see what they can’t see
Create ways for your team to be able to view or listen to their own client facing activity so that they can analyse their own performance.
TIP #3: Have open sessions
Your peers can be your best coaches and guides - so give them the opportunity to listen, question, challenge and advise on what they would do if they were in your shoes.
 
KILLER QUESTION SEGMENT:In each episode we ask you, our listener, a killer question that is designed to get you reflecting on your business, your KAM Culture and where changes in thinking and behaviour could lead to increased customer success.
In this episode we asked Vince to give us his killer question which was:
“Can you read anybody’s mind?”
Vince says the...
Released:
Mar 4, 2021
Format:
Podcast episode

Titles in the series (28)

A show hosted by me, David Ventura, a specialist in training, educating and consulting on practical strategies for harnessing the power of Key Account Management (KAM) in SME’s today. I am also the principal KAM consultant and Managing Director of www.kamguru.com. In a world of diminishing customer loyalty, what can business leaders do to retain their top customers, while still adding value. In this podcast I explore some hands-on tips and tactics you can implement today – to remarkably shift your sales culture in your business. The episodes are designed to challenge your thinking and preconceptions of “sales”. They will teach you techniques for: - protecting your most important customers from competitors; - building & maintaining profitable partnerships with your key contacts; & - developing the strategies, systems & skills to deliver customer growth (i.e. identify, retain and grow your top ten customers). I am joined by business leaders who have learnt to radically shift their culture and attitude towards sales, and empower their business with the ability to grow rapidly from within. I also invite experts in the fields of leadership, coaching and customer experience to share their insights into the psychology of sales, organisational culture and leading business growth. In the modern, digitally-heightened business world we operate in today, can you afford to be flippant about your top customers, and why they choose to work with you? No, you cannot. I invite you to subscribe to KAMCast and listen openly as I challenge you to reimagine your customer success protocols and relationship strategies.