Question: (6th).pdf Open with 4 CASE STUDY Persistence pays off... Yes, persistence pays off, but never underestimate the bucket loads of energy required for this clich

(6th).pdf Open with 4 CASE STUDY Persistence pays
(6th).pdf Open with 4 CASE STUDY Persistence pays
(6th).pdf Open with 4 CASE STUDY Persistence pays off... Yes, persistence pays off, but never underestimate the bucket loads of energy required for this clich to be made true, particularly when the obstacles to success are internal rather than external. The KA manager will need both patience and energy in equal measures, a rare combination of opposing elements, and an act especially difficul to pull off with regard to one's own colleagues. I am reminded of a particularly skilled KA manager who spent the best part of 18 months winning the confidence of her customer, building a relationship across a complex network of individuals, and all without the reward of any significant business. Her bosses were growing impatient Their business was the supply of technically challenging manufacturing services to the pharmaceutical industry, a group of customers known for their conservatism when weighing up potential new suppliers. For any supplier in this market, technical ability is a given, of for greater importance is their ability to demonstrate a long-term commitment to the task. But here was the problem, the supplier in this case was reluctant to make such a commitment to the opportunities unearthed by their KA manager, opportunities that would take them into new areas of manufacturing that they had hitherto thought too challenging. It was becoming clear that if they were unable to demonstrate not only a commitment but an enthusiastic commitment, then their efforts would have been in vain. At this point one might be tempted to criticise the KA manager for chasing a customer where there was no obvious match between needs and capabilities, but their ambitions in this case went beyond standard' KAM practice, they were in pursuit of a bigger goal, no less than the holy grail of KAM, a customer whose needs were representative of a wider group of customers, such that an enhancement of capabilities would open up a whole new stream of business well beyond that original customer. But persistence of the most dogged kind was called for, mainly because their own colleagues seemed not to understand the nature of the bigger reward inherent in this Value Machine model (see Chapter 3), arguing that the investment required could not be justified based on the returns offered by this one customer After 18 months, appeals to technical colleagues had failed, appeals to senior management had failed and it was with a sense of resignation that the KA manager approached the customer for what felt like it would be the last time. In any other circumstance their admission that they could not supply would have been accepted, thanks would no doubt have been given for the efforts made on their behalf, and that would have been that, but now came the rewards of 18 months of relationship-building inside the customer. The customer coulin't understand the supplier's reluctance to supply, and wondered if perhaps it was their own fault in having communicated their needs badly. They suggested just one more meeting, a visit to the supplier's plant, to assess for themselves what might be involved, almost as much on behalf of their Account Manager as their own requirements. The visit turned out to be a revelation. The customer was able to suggest the simplest of modifications that would allow the supplier to meet their needs, the supplier was happy to respond, and the deal was suddenly on Persistence had certainly paid off, but the best was yet to come. Having at last agreed to commit to a new technology, the doors were opened up to a long string of new customers, all eager to use the supplier's new found capability we M 1. Review the case on pages 172 - 173 of our textbook. Based on Chapter 8, what relationship model did the Key Account manager use for this manufacturing services company? 2. Could they have employed any other relationship model to achieve the same outcome

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!