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The Mind of the Customer: How the World's Leading Sales Forces Accelerate Their Customers' Success »

Book cover image of The Mind of the Customer: How the World's Leading Sales Forces Accelerate Their Customers' Success by Richard Hodge

Authors: Richard Hodge, Lou Schachter
ISBN-13: 9780071470278, ISBN-10: 0071470271
Format: Hardcover
Publisher: McGraw-Hill Companies, The
Date Published: February 2006
Edition: (Non-applicable)

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Author Biography: Richard Hodge

Richard Hodge founded the Real Learning Company in 1994 after holding both sales leadership and other executive roles in global companies, where he worked with customers who included half of the Fortune 500. He helped to develop new technology categories and worked with Lexus, UPS, Genentech, American Express, and others to implement new breakthrough strategies.

Lou Schachter is senior vice president for design and development at the Real Learning Company. Before joining the Real Learning team, he wrote learning programs for salespeople at a variety of companies, including Cisco and Merck. Previously, Lou helped lead the fast growth of a specialized communications firm.

Book Synopsis

Be passionate about the customer’s business results. Know their competitors, problems, issues, and needs. Foresee future needs. Keep commitments. Follow up ruthlessly. Be a facilitator of change.

These are the rules by which world-class salespeople operate. No longer is it sufficient for a sales professional to rely on the techniques pioneered half a century ago: a radical change is underway in the marketplace and you must innovate in order to keep up.

The Mind of the Customer offers an in-depth analysis of today’s customers’ wants, needs, and problems, and reveals groundbreaking insights into the new expectations of today’s top sales executives. Drawing from their interviews with 96 high-level executives at corporations such as Lexus, Nokia, and UPS, The Real Learning Company’s Richard Hodge and Lou Schachter uncover what the new generation of salespeople needs to know to succeed—what clinches the deal, what loses it. The Mind of the Customer presents a four-pillared approach that defines a world-class sales force strategy:

  • UNDERSTAND: Know what drives each business, what challenges the business faces, and what global and industry contexts the business operates within.
  • CREATE: Appreciate what each customer really values. Pay attention to all the relevant dimensions of value and avoid solely price-driven interactions.
  • COMMUNICATE: Make presentations interactive and negotiations cooperative. Create an atmosphere amenable to change and mutual success.
  • MANAGE: Provide opportunities for salespeople to gain knowledge, develop new mindsets, and build skills. Focus on coaching and education.

The rapid rate of information exchange coupled with increasing global competition means that customers can now demand more. They require a sales professional who understands the changing needs of their company and who can gauge their own role in it.

As the rules of the game change, different players will take the lead. New kinds of sales professionals, sales managers, and sales leaders will emerge. The Mind of the Customer offers a crucial roadmap for the future of sales success.

Richard Hodge founded the Real Learning Company in 1994 after holding both sales leadership and other executive roles in global companies, where he worked with customers who included half of the Fortune 500. He helped to develop new technology categories and worked with Lexus, UPS, Genentech, American Express, and others to implement new breakthrough strategies.

Lou Schachter is senior vice president for design and development at the Real Learning Company. Before joining the Real Learning team, he wrote learning programs for salespeople at a variety of companies, including Cisco and Merck. Previously, Lou helped lead the fast growth of a specialized communications firm.

Table of Contents

A Parable: How Would You Treat Your One Last Customer?ix
Chapter 1The Big Picture1
Pillar 1Understand: Gain Insight into the Minds of Your Customers7
Chapter 2Context Is Everything11
Chapter 3Accelerating Value Creation25
Chapter 4Earn Your Way into the Mind of Your Customer33
Chapter 5Aligning with Executives37
Chapter 6Giving Customers What They Want47
Pillar 2Create: Let Your Customers Define Value57
Chapter 7Traveling among Multiple Dimensions of Value61
Chapter 8Get to the Core by Asking High-Impact Questions65
Chapter 9Organize Your Brand around the Customer71
Chapter 10Calculate the Value Your Offerings Create for Your Customers75
Chapter 11Express the Value You Personally Create for Your Customers79
Chapter 12Lyalty Comes from Individualizing Value83
Pillar 3Communicate: Facilitate Your Customer's Change-Management Process91
Chapter 13Overcoming Existing Relationships95
Chapter 14From One-Way Presentations to Two-Way Interactions99
Chapter 15Negotiate on All the Value Your Customer Obtains, Not Just Price115
Chapter 16Negotiating Cooperatively with Value in Mind123
Chapter 17Building Partnerships133
Pillar 4Manage: Sales Managers Focus Reps on Customer Results141
Chapter 18Customers Expect Sales Managers to Focus on Business Results147
Chapter 19The Systems Solution155
Chapter 20The Six Competencies that Distinguish World-Class Salespeople159
Chapter 21Six Ways to Drive Salesperson Performance169
Chapter 22The Best Practices in Coaching Salespeople183
Chapter 23Focusing the Telescopic Lens189
Call to Action199
Chapter 24The Leader's Role201
Chapter 25There's Help around the Corner215
Bibliography227
Notes229
Index231
About the Authors...and Their Customers241

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