At end of an executive overview of a sales
training program I delivered a few years ago for a
major Canadian power utility, I asked the executives
to share the most important idea they felt they'd
received from the overview.
As I went around the
room, each shared the principle or skill he or she
had found to be most valuable. When I reached the
CEO, however, his response was startling.
"I'm the CEO and you said I should be the best
salesperson in the company because I have to sell
everyone and that scares the hell out of me."
His comments shed light on a phenomenon in business
that is more common today than most people realize.
As CEOs become more and more removed from the daily
operations of their companies, they also become disconnected
from the source of their companies' livelihood - sales
and the process used to generate them.
"A CEO in a fast-growing company might not be
able to disappear, if the CEO wants to keep the company
on a high growth curve," says James L. Horton
in his essay, "CEO Visibility in a Post-Bubble
World."
"This CEO is the lead salesperson for the firm,"
Horton says. "(He or she) needs to generate capital
for a company to sustain growth and position the firm
against competitors."
In essence, a CEO can never stop being a salesperson
- the best one in the company, in fact - in order
to sustain profitability and secure future profits.
However, it is also the CEO who sets the example for
the rest of the company by focusing on what is most
important.
If profitability is most important, then selling must
be the CEO's focus. Since selling is the key to generating
profits, the CEO must be actively engaged in it. The
CEO, in the end, is the person who leads everyone
by selling them - from employees to clients to stockholders.
"Successful CEOs have vision but vision alone
is not enough," says Anneli Driessen, CEO coach
and author of the book "Ultimate
Success: 7 Secrets to Spiritually-Based Leadership."
"The simplest definition of a CEO or leader is
someone whom other people follow.
In fact, CEOs must attract followers. They need to
demonstrate personal magnetism and the ability to
lead while generating enthusiasm."
While many CEOs have used their selling skills to
build their companies into successful businesses,
not every CEO is or has been a salesperson. In fact,
as with my aforementioned client, some may have little
or no experience with selling at all and, as a result,
may face a crisis.
As difficult as it is for a person in this position
of power and responsibility to admit, choosing to
acknowledge what he or she does not know opens the
door to acquiring the knowledge to become an effective
salesperson. Just like anyone new to the company's
sales department, the CEO may need training in the
company's sales process as well.
How can a CEO be "plugged in" to his or
her company without being intimately acquainted with
how its most important objective - achieving, sustaining
and increasing profitability - is accomplished?
To be an effective leader, every CEO must be able
to answer these questions:
*What is our company's
specific sales methodology?
* What is the process?
* Is there a common language?
* Are our sales forecasts accurate?
* Is the process being used companywide, not just
within the sales team?
* Does it produce the results we are looking for?
* Does it need to be reviewed, changed or replaced?
Beyond gaining an understanding
of how the company's profits are generated, learning
an effective sales method will allow a CEO to better
understand the needs, motives and desires of his or
her prospects and customers.
While standardized research is valuable, even the
best research cannot match the effectiveness of a
sales process in which each individual prospect or
client, through open-ended questioning, is encouraged
to talk about his or her specific needs.
When given this opportunity to identify what they're
looking for, what their needs are, what their budget
is and when they will be ready to buy, prospects and
clients will yield better and more accurate information
than research could ever provide.
A CEO who is not actively participating in the sales
process risks not only losing touch with the company
and its critical functions but also with the company's
prospects and clients whose needs can never fully
be met without first identifying and understanding
what they are.
"The CEO ... is indeed the ultimate salesperson
of the organization. Sales must be a part of the designation
(and) description of your CEO. It helps vest the 'S'
word with the dignity it demands and deserves,"
says Harish Bijoor, in his article "Everyone's
a Salesman," from the online publication
Business Line.
Today's CEO may be crucial to the bottom line of his
or her company but he or she also brings to selling
what no other individual can - the weight of the top
leadership position. A salesperson is not "just
a salesperson" when he or she is the CEO. When
the CEO is the top salesperson in the company, selling
becomes what it actually is - the most valuable function
of the company; one that's fully embraced and utilized
by the company's MVP.
"CEOs are innovators with a tremendous drive
to succeed," says Driessen. "They are experts
in their industries but also have a more global perspective.
They are the ones who generally pose the critical
questions. They want to learn with a nearly insatiable
hunger everything about anything that affects their
company."
By bringing their expertise, unique talent and drive
to selling, CEOs can secure their positions as top
salespeople and effective leaders.
By learning and utilizing an effective sales process,
CEOs can lead by example, directly affect revenue
growth and ensure a secure financial future for the
company, its employees and its shareholders.
Roy
Chitwood has been a leader his entire career:
First in the insurance industry, and since 1976 as President
of Max Sacks
International (MSI), the firm which has
been teaching sales professionals to sell more effectively
since 1958 |