In a recent LinkedIn Pulse article, sales behavior and productivity expert Robert Roseberry shared data indicating that over 40% of all sales people fail to hit their annual goal.
The three primary reasons given:
- Ineffective use of CRM systems
- Poorly trained sales managers
- Too much focus on trailing indicators
Balancing the Rear View Mirror
While we regularly encounter all three of the root causes, it is the third culprit that is the most prevalent.
Given the proliferation of “data” it is easy for managers and business leaders to focus on metrics. But managers who place all or too much focus on analyzing past performance and then initiating improvement plans after-the-fact miss the opportunity to salvage what otherwise might be a sub-standard month, quarter or year!
Circumstances and competitive offerings within the marketplace are constantly changing. While the practice of reviewing past performance and using the data as part of a performance improvement plan is necessary, this “rear-view-mirror” approach can be costly in terms of lost opportunities if it encompasses ones entire sales management approach.
Instead, sales leaders can be much more effective if the develop and implement a managerial process that incorporates real-time awareness of performance and a systematic means of impacting that performance “before” its’ too late!