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The Seven Keys to Managing Strategic Accounts [Hardcover]

Sallie Sherman (Author), Joseph Sperry (Author), Samuel Reese (Author)
4.8 out of 5 stars  See all reviews (6 customer reviews)

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Book Description

April 11, 2003

Market-proven strategies to generate competitive advantage by identifying and always taking care of your best customers

The Seven Keys to Managing Strategic Accounts provides decision makers with a proactive program for profitably managing their largest, most critical customers--their strategic accounts. Drawing on the expertise of S4 Consulting, Inc., a leading-edge provider of strategic account consulting, and Miller Heiman, a global sales training leader serving many Fortune 500companies, this how-to book shows how many of today's market leaders have learned to focus on their most profitable customers, avoiding or overcoming common errors before they become relationship-crippling disasters.

Placing its total focus on the design and implementation of cost-effective strategic account management programs, this hands on book provides:

  • A world-class competency model for strategic account managers
  • Techniques for developing a program to manage and grow "co-destiny" relationships
  • Examples and cases from Honeywell, 3M,and other leading corporations

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Editorial Reviews

From the Back Cover

Top-to-Bottom Techniques for Keeping Your Best Customers In-House and Happy--and Away from Your Competition

Strategic accounts are your firm's lifeblood; they play a critical role in its success or failure. The Seven Keys to Managing Strategic Accounts is filled with best practices and examples of how to intelligently manage key interactions and relationships with these vital accounts--for greater loyalty, higher profitability, and consistent competitive advantage.

Let this hands-on guidebook's compelling case studies and examples help you to:

  • Create firm-wide alignment and commitment to meeting the needs and expectations of strategic accounts
  • Develop multi-level relationships within these accounts, from line managers to upper executives
  • Continually quantify and communicate the value delivered to--and received from--strategic accounts

Your firm's strategic accounts are its most valuable customers. Discover how today's marketing leaders are designing and implementing cost-effective, results-oriented strategic account programs, and how you can follow their lead, in The Seven Keys to Managing Strategic Accounts.

Praise for The Seven Keys to Managing Strategic Accounts:

"This book tells it right...there is no magic pill for handling strategic accounts. The author's seven keys, however, are spot on for ensuring strategic account management success."--Tom VanHootegem, Director, National Account Program, Boise Office Solutions

"Although all customers are important, there are certain customers you cannot afford to ignore or live without..."--From the Preface

Strategic accounts are your firm's most significant accounts. Chances are they are also your most imperiled.

Why? Because as your customer service employees work overtime tending to your most demanding accounts, and as your sales force works overtime searching for new business, your strategic accounts may begin to feel overlooked. Instead of investing your firm's assets to ensure that strategic accounts receive impeccable service, you under-invest--leaving the door wide open to your competitors.

The Seven Keys to Managing Strategic Accounts provides you with a step-by-step approach for providing your best accounts with performance that will make and keep them satisfied, even delighted. A synergistic collaboration between S4 Consulting and Miller Heiman, two of today's leading providers of strategic account management and sales development solutions, this hands-on book provides you with front-line benefits including:

  • A market-proven model for developing, managing, and measuring a world-class strategic account program
  • Methodologies for getting everyone in your organization to understand--and buy into--strategic account management
  • Human resources solutions for finding, attracting, and compensating your industry's top account managers

"We have listed in this book the challenges we have seen most often in helping clients with strategic account management--as well as keys to overcoming them."--From the Preface

The day-to-day difficulties and distractions of servicing second-tier accounts can divert your attention from the unspoken, but imperative, needs of your top accounts. The Seven Keys to Managing Strategic Accounts details how today's market leaders are successfully reorienting themselves to focus on their most valuable, cash-cow customers. Now let it show you how to avoid or overcome easy-to-miss errors and oversights before they become disasters that deliver your best customers into the arms of your competitors--who will be only too happy to learn from your mistakes and turn your formerly "safe" customers into their newest strategic accounts.

About the Author

Sallie Sherman, Ph.D. is the president of S4 Consulting.

Joseph Sperry, Ph.D. is a partner with S4 Consulting.

Samuel Reese is president and CEO of Miller Heiman.


Product Details

  • Hardcover: 256 pages
  • Publisher: McGraw-Hill; 1 edition (April 11, 2003)
  • Language: English
  • ISBN-10: 0071417524
  • ISBN-13: 978-0071417525
  • Product Dimensions: 9.4 x 6.3 x 0.9 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #57,776 in Books (See Top 100 in Books)

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Customer Reviews

6 Reviews
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Average Customer Review
4.8 out of 5 stars (6 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

6 of 6 people found the following review helpful:
5.0 out of 5 stars Common-Sense Guidance Just in Time!, May 8, 2003
By 
"dfeldmann3" (Washington, DC) - See all my reviews
This review is from: The Seven Keys to Managing Strategic Accounts (Hardcover)
We just launched what we thought was a
strategic account program for our largest
customers last year, but I just learned
from this book that it's actually a key
account program in disguise.

Now we can use the authors' common-sense
guidance to focus on the customers who
truly have strategic potential, align our
entire company behind the initiative instead
of just the sales force, and set up an
account manager development program that
really works. Great job!

David S. Feldmann

Product Manager, Legal & Business Products
The Bureau of National Affairs, Inc.

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8 of 9 people found the following review helpful:
5.0 out of 5 stars Make sure you have a program that really works, September 15, 2003
By 
"drrparks" (United States) - See all my reviews
This review is from: The Seven Keys to Managing Strategic Accounts (Hardcover)
In today's marketplace key account (relationship) management is imperative. With the ever changing/increasing demands placed on these accounts it is even more important to develop a focus and a strategic game plan behind them. This book is a must read and a must have on your bookshelf. It's laid out in a friendly manner (the seven keys) and is easy to read. Whether you currently have a strategic account management program in place, are looking at implementing a new program, or are looking how to fine-tune an existing one -- the 7 Keys to Managing Strategic Accounts will help you in the process. Make sure you have a program that really works!
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7 of 8 people found the following review helpful:
4.0 out of 5 stars The Guide for Strategic Account Mangement, January 17, 2005
By 
This review is from: The Seven Keys to Managing Strategic Accounts (Hardcover)
This is a very educational book that every company should read and buy into before attempting a SAM program. I enjoyed the real world exmaples even though they did sometimes leave me feeling a bit 'sold to'(and I usually like that!)

But the reason I've only given this book 4 stars is that it's written very much for the analytical reader, an MBA who absorbes information would love this book. But I am not one of those and would like to have seen a higher emotional content and some more human aspects.

This however should not stop you from buying this book. In fact if you are considering a Strategic Account Management program you MUST read this now.
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Inside This Book (learn more)
First Sentence:
Let's begin by considering: 1. What is strategic account management? Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
strategic account management program, firmwide relationships, strategic account managers, strategic corporate accounts, strategic account relationships, account management performance, corporate accounts program, account selection criteria, strategic accounts, account management programs, key account selling, account management process, firm alignment, most critical customers, sales initiative, parallel linkages, shipping locations, portfolio analyses, field salespeople, national account managers, loss cycle, account seller, quantified value, organizational alignment, relationship assets
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Dayton Hudson, Boise Office Solutions, Marriott International, Southeast Toyota, Bill Smith, Bob Edwards, Honeywell Industrial Automation, New York, Holland Hitch, Knauf Fiberglass, Enterprise Solutions Group, National Office Supplies, United States, Eric Norberg, Minnesota Public Utilities Commission, Step Five, Step Four, Step Seven, Step Six, Step Three, Step Two
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