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Sales, Marketing and Procurement
SWOT Analysis
In business, a thorough understanding of an organisation’s strengths, weaknesses, opportunities and threats in both internal and external environments is crucial. This video introduces the SWOT analysis and how it can be a helpful evaluative...Show More
In business, a thorough understanding of an organisation’s strengths, weaknesses, opportunities and threats in both internal and external environments is crucial. This video introduces the SWOT analysis and how it can be a helpful evaluative tool for businesses. Through real-life examples, students will see how a SWOT analysis can be applied in practice and why it is beneficial for strategic planning. Show Less
Lewin's Force Field Analysis
Successful businesses must continually adapt, and change requires a deep understanding of driving and restraining forces. This video examines Lewin’s Force Field analysis and how it can be used to evaluate whether change is feasible. Through a...Show More
Successful businesses must continually adapt, and change requires a deep understanding of driving and restraining forces. This video examines Lewin’s Force Field analysis and how it can be used to evaluate whether change is feasible. Through a case study of British Airways, students will understand how Lewin’s Force Field can be applied to real-life businesses and why it is useful for implementing and managing change. Show Less
PESTLE Analysis
Although external factors are outside of a business’ control, it is still important for them to consider political, economic, social, technological, legal and environmental/ethical factors. This video explores the PESTLE analysis and how it can...Show More
Although external factors are outside of a business’ control, it is still important for them to consider political, economic, social, technological, legal and environmental/ethical factors. This video explores the PESTLE analysis and how it can be a helpful tool for business. Through real case studies, students will understand how PESTLE can be applied in practice and its usefulness in strategic decision-making. Show Less
Porter's Generic Strategies
A competitive advantage is highly valuable in business and choosing between a cost/differentiation or leadership/focus strategy can be a way of achieving this. This video introduces Porter’s Generic Strategies and how they are helpful for...Show More
A competitive advantage is highly valuable in business and choosing between a cost/differentiation or leadership/focus strategy can be a way of achieving this. This video introduces Porter’s Generic Strategies and how they are helpful for evaluating business strategy. Using real-life case studies, students will learn how different businesses implement different strategies and the effect this has on their position within their industries. Show Less
Needs and Objections
Chapter 1: Ask Questions
Ask open questions. Keep control of the interview.
Chapter 2: Research
The customer. The product. The relationship.
Chapter 3: Set Objectives
Prepare alternatives. Look for other customers for your products. Look for...Show More
Chapter 1: Ask Questions
Ask open questions. Keep control of the interview.
Chapter 2: Research
The customer. The product. The relationship.
Chapter 3: Set Objectives
Prepare alternatives. Look for other customers for your products. Look for other products for your customer. Show Less
Control and Close
Chapter 1: Closing the Sale
Watch for buying signals. Ask for the order. Then keep your mouth shut.
Chapter 2: Explain the Benefits
Sell the benefits, not features. Relate the product to the customer's needs.
Chapter 3: Meet...Show More
Chapter 1: Closing the Sale
Watch for buying signals. Ask for the order. Then keep your mouth shut.
Chapter 2: Explain the Benefits
Sell the benefits, not features. Relate the product to the customer's needs.
Chapter 3: Meet Objections
Objections can be a good sign. Make objections specific. Put them into perspective and give compensating factors. Show Less
Difficult Sales
Chapter 1: The Dictator
Dictators hold strong opinions that you’re not going to change. Encourage them to talk. Don’t interrupt – let them reveal their prejudices. Their vanity can be used to close a sale.
Chapter 2: The Ditherer
The key...Show More
Chapter 1: The Dictator
Dictators hold strong opinions that you’re not going to change. Encourage them to talk. Don’t interrupt – let them reveal their prejudices. Their vanity can be used to close a sale.
Chapter 2: The Ditherer
The key to the ditherer is mental laziness – not bothering to plan things or see them through. So organise them. Listen to objections and restate them as positive requirements by saying ‘so what you’re saying is…’. The ditherer will worry about extra effort, so take the effort away from them.
Chapter 3: The Ducker
Duckers are anxious. They don’t want to take responsibility for making a decision. So test their objections by side stepping them – it will help you uncover any real hidden objections. Use their anxiety and sell them on the risks of not buying. Show Less
Consultant Selling
Chapter 1: Being a Consultant
When you’re selling a service rather than a product, it’s even more important to build confidence and trust with your client. Try to identify their uncertainties, and help remove them through information and...Show More
Chapter 1: Being a Consultant
When you’re selling a service rather than a product, it’s even more important to build confidence and trust with your client. Try to identify their uncertainties, and help remove them through information and advice.
Chapter 2: Being a Problem Solver
When things aren’t working out, take time and identify the client’s real problem. Then help solve it by providing the means and taking the right action. People always remember good advice, even if it doesn’t lead to an immediate sale.
Chapter 3: Being a Business Partner
When you’re developing a relationship with a client, identify the mutual benefits arising from the relationship. Look for opportunities to join the client in a long-term professional alliance. Show Less
Closing Sales
Chapter 1: Keep Trying
Know what you’re going to say when you close – prepare your closes. If your first close fails, use recovery lines to get back on track. Persist by chasing up opportunities, expanding offers and keep the door open to new...Show More
Chapter 1: Keep Trying
Know what you’re going to say when you close – prepare your closes. If your first close fails, use recovery lines to get back on track. Persist by chasing up opportunities, expanding offers and keep the door open to new business.
Chapter 2: Think Bigger
When closing, be a salesperson, not a collecting agent. Widen your horizons and look for the upsell opportunities. Think of all the positive reasons the client should say yes.
Chapter 3: Ask for the Order
Try for an early close. It could save your time or teach you more about the customer’s needs. Build an agreement staircase towards closing the deal. Then use silence – let the customer speak first. Show Less
Making Your Case
Chapter 1: Three Charms; But Four Alarms.
If you don’t have enough arguments to support your case you risk coming across as half-hearted. But too many arguments can actually undermine your success. Remember: three claims will charm, but four...Show More
Chapter 1: Three Charms; But Four Alarms.
If you don’t have enough arguments to support your case you risk coming across as half-hearted. But too many arguments can actually undermine your success. Remember: three claims will charm, but four can alarm!
Chapter 2: Admit Your Weakness
Demonstrate trustworthiness by acknowledging a small weakness in your proposal. People are more likely to say ‘Yes’ to those they see as trustworthy and credible. So admit your weakness at the start of your pitch, not at the end. And immediately counter it with your strongest argument.
Chapter 3: Get Introduced
The way you’re introduced often matters more than the idea you are introducing.Ensure that the people you wish to influence know about your qualifications and experience. But avoid coming across like a boaster by asking a colleague or another customer to introduce you.
Chapter 4: Always Ask..."Compared to What?"
People rely on comparisons to determine how attractive an option is. What people experience first has an important influence over their evaluation of the next thing they see. Be sure to tell people about the alternatives that are not quite right for them, before making your recommendation. Show Less
Using Similarity
Chapter 1: Highlight Similarities First
People prefer to be persuaded by people who are like them and who do like them. People are much more likely to say ‘yes’ to people that they share similar backgrounds, experiences and values with. Look...Show More
Chapter 1: Highlight Similarities First
People prefer to be persuaded by people who are like them and who do like them. People are much more likely to say ‘yes’ to people that they share similar backgrounds, experiences and values with. Look for genuine similarities that you share with someone before you attempt to influence them.
Chapter 2: Influence through Others
When people are unsure what to do they look to those around them to guide their decisions. Be sure to tell prospective customers and colleagues how other people like them have behaved. Have a range of testimonials and use the one that most closely matches the profile of your audience.
Chapter 3: Use the Same Language
Demonstrate greater understanding by using the same words that the person you want to influence uses. The technique is called ‘parrot-phrasing’ and it helps create feelings of similarity and understanding. Similarity and understanding increases liking and improves your subsequent influence attempts. Show Less
Negotiating Tactics
Chapter 1: The Home Team Advantage
Negotiating in familiar surroundings can boost your confidence.But negotiating in unfamiliar surroundings (like your opponent’s office) can reduce it. One way to improve your negotiation outcomes is to suggest...Show More
Chapter 1: The Home Team Advantage
Negotiating in familiar surroundings can boost your confidence.But negotiating in unfamiliar surroundings (like your opponent’s office) can reduce it. One way to improve your negotiation outcomes is to suggest meeting in a neutral location. Or better still, ask people to come to you.
Chapter 2: Turning 'No' into 'Yes'
People are more likely to say ‘Yes’ to a smaller request immediately after they have said ‘No’ to a larger one. Make sure your first request is realistic. And make sure your subsequent request is made immediately after the rejection of your first.
Chapter 3: Make the First Move
All else being equal, those who make the opening offer in a negotiation end up with a better outcome than those who wait. An offer that is given first anchors a negotiation partner to that figure. When making an offer use precise rather than rounded numbers. It makes it seem like you have a strong justification for your offer. Compile a list of reasons why your ideal outcome is justified – in case your opponent beats you to the opening offer. Show Less
Negotiating: Tying the Knot
Chapter 1: See-Saws and Trade-Offs
When you start your negotiation, pitch high. Don’t give anything away without gaining something in return – in other words, trade, don’t concede. When you’re hearing terms, don’t agree to separate...Show More
Chapter 1: See-Saws and Trade-Offs
When you start your negotiation, pitch high. Don’t give anything away without gaining something in return – in other words, trade, don’t concede. When you’re hearing terms, don’t agree to separate parts.
Chapter 2: When Things Go Wrong
As negotiations come to fruition, avoid threats and ultimatums. Instead, ask what if questions to find alternatives. You’re not looking to win, you’re looking for a fair deal for both sides.
Chapter 3: The Groundwork
When you’re negotiating, don’t assume, ask. If you have a bottom line conflict, then look for variables. Avoid emotional negotiations – stay neutral, stick to the facts. Finally, before you make a proposal – get the whole list. Show Less
Less Is More
Chapter 1: The Rule of the Rare
People want more of the things that seem less attainable. Focus on the features of your offer that are genuinely unique or rare. Limiting the number of options or availability signals scarcity and increases...Show More
Chapter 1: The Rule of the Rare
People want more of the things that seem less attainable. Focus on the features of your offer that are genuinely unique or rare. Limiting the number of options or availability signals scarcity and increases people’s motivation to take action.
Chapter 2: Reduce Choice. Increase Influence.
People can find the decision-making process too difficult and will often disengage if they are offered too many choices. Although it appears counter-intuitive, you can actually increase your influence by reducing rather than increasing the options you provide. When presenting to people who aren’t experts limit the choices you offer to three or four.
Chapter 3: Use Loss Not Gain to Persuade Others
People are generally more likely to take actions to avoid losses than they are to accrue gains. Most people find it far more painful to lose £50 than they find it pleasurable to find £50. Always communicate the benefits that your audience will potentially lose if they say no to your proposal – as much as what they stand to gain. Show Less
Helping Hands
Chapter 1: Ask 'Who Can I Help?'
People feel more obliged to give back to people who have given them something first. Before trying to influence someone ask, “How can I help this person?” You are most powerful after you are thanked for help...Show More
Chapter 1: Ask 'Who Can I Help?'
People feel more obliged to give back to people who have given them something first. Before trying to influence someone ask, “How can I help this person?” You are most powerful after you are thanked for help you have provided. Avoid saying “It’s no big deal”. Instead say “I know you’d do the same for me”.
Chapter 2: Ask for Help
Requesters’ focus on the economic costs that people will incur if they do say ‘yes’ to them (such as their time and resources). ‘Helpers’ however are much more likely to focus on the social costs of saying ‘no’. As a result we underestimate the likelihood that people will say yes to our requests. Research shows that asking for help doesn’t weaken your power; it actually boosts it. Show Less
Being a 'People Person'
Chapter 1: Positive Labelling
Research shows that assigning a trait, attitude, or other desirable label to a person can increase the chances they will behave in a way that is consistent with that label. The strategy is most effective if you label...Show More
Chapter 1: Positive Labelling
Research shows that assigning a trait, attitude, or other desirable label to a person can increase the chances they will behave in a way that is consistent with that label. The strategy is most effective if you label someone with a trait or skill that they do in fact have, or would aspire to have.
Chapter 2: Be More Human
People have a fundamental need to affiliate and connect with others. Increase your influence by using images or stories that individualise the people involved. When promoting new projects and initiatives talk about how they will affect specific people rather than a group.
Chapter 3: Look for Likeable Features
Consciously look for something you like about a person. Looking for genuinely likeable features and complimenting them can increase cooperation and break barriers. With more difficult people this can repair relationships and get stubborn colleagues onside. Show Less
Achieving Goals and Commitments
Chapter 1: Use Ranges to Motivate People
When pursuing goals people tend to focus on two things: achievability and challenge. Single number goals (e.g. open 3 new accounts this week) are either achievable, challenging or a compromise in-between....Show More
Chapter 1: Use Ranges to Motivate People
When pursuing goals people tend to focus on two things: achievability and challenge. Single number goals (e.g. open 3 new accounts this week) are either achievable, challenging or a compromise in-between. High-low range goals (e.g. open 2 – 4 new accounts this week) engage both achievability and challenge and lead to longer commitment.
Chapter 2: People Live up to What They Write Down
It’s human nature to want to live up to the commitments we make, but it’s still hard! Commitments stand the best chance of being lived up to if they are action-orientated and made public. One way to do that is to get agreements in writing and, if possible, share them with others.
Chapter 3: Focus on the Small Number
People are more motivated to complete a task when they get feedback that focuses on small rather than large numbers. When persuading people to pursue a task or goal providing feedback on whatever is the smaller number – either progress made or effort remaining – is more motivating. For example, “we’re already 20% towards our target” is better than “we’ve 80% left to go.” Show Less
When Things Go Wrong
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team develop techniques and solutions to manage customer complaints.
Chapter 1: Listening to the Customer.
When dealing with a complaint, listen and empathise, don’t sympathise. Allow the customer to talk - don’t get defensive, and summarise your understanding before offering solutions.
Chapter 2: Asking the Right Questions.
When dealing with complaints, ask open questions to understand the issue and closed questions to confirm a resolution. Don’t let your emotions control you, be polite and remain positive.
Chapter 3: Getting to a Solution.
Involve the customer in the solution. Ask them what their preferred solution would be, and offer them options. Show Less
After Sales
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team to give your customers a reason to stay loyal post-purchase.
Chapter 1: Company and Product Loyalty.
To the customer, you are the organisation, so don’t rubbish the company. You are key to building the customer’s faith in the organisation so be proud of where you work and what you do.
Chapter 2: Team and Customer Loyalty.
You are part of a team, so be loyal to your colleagues - support them and what they do. Be loyal to your customers too, you are not there to judge them and it will help you get the best for them. Show Less
Service for Sales
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team learn selling skills and techniques.
Chapter 1: Discovering Their Needs.
Discover the customer’s need. Even they might not be sure what it is. Explore with open questions and discover more about them. Listen and check the facts, you may discover more… and watch out for clues – there might be more services or products you can offer them.
Chapter 2: Storytelling.
Share positive stories from your customers to bring your products or services to life.
Chapter 3: Dealing with Objections.
When dealing with customer’s objections, don’t panic - play it cool. Don’t focus on the objection – instead, put it in perspective, or outweigh it with compensating factors. Show Less
Online Customers
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team to #communicate with customers online.
Chapter 1: Email and Web Chat.
When emailing and in web chat, you can be more informal that you might in a letter, but don’t take it too far. Check your emails, and respond promptly to those requesting action. Above all, be polite and don’t email when angry!
Chapter 2: Social Media and the Customer.
When using social media, empathise with customers publically, but take one-to-one discussions away from the public eye. Remember you represent the company, and don’t over promise.
Chapter 3: Social Media and You.
On social media you’re never fully off duty. Make sure you maintain high personal standards. Don’t be critical of the company, colleagues or customers. Show Less
Customers on the Phone
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team to effectively communicate with customers on the phone.
Chapter 1: First Impressions on the Phone.
When you’re on the phone, answer right away and use a verbal handshake. Smile as you talk, and introduce yourself.
Chapter 2: Controlling the Call.
Control your call by sticking to a structure, asking open questions when you need to and show that you are listening. Record and repeat information so the caller feels connected.
Chapter 3: Agreeing Actions.
When closing the call, don’t leave your customer ‘lost at sea’. Agree actions and how they’ll be followed up. Volunteer useful information and agree the next steps. Show Less
Communicating Effectively
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team improve their communication skills.
Chapter 1: Using Your Voice Effectively.
Think about your pitch, pace and tone and use your natural voice when engaging customers. Be warm, and medium paced, without being smarmy or twittery. Try engaging customers by following their voice patterns a little, but don’t mimic them.
Chapter 2: Questioning Techniques - Part 1.
To get to know your customers and their needs, use closed questions to get facts, open questions to learn more, and recall questions to build a history.
Chapter 3: Questioning Techniques - Part 2.
To help guide and control your customer’s interest, use rhetorical questions to confirm understanding, assumptive questions to create decisions, and leading questions to direct them towards a sale or solution. Show Less
Advising the Customer
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
In this...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
In this episode, customer service teams will become well equipped to give the customer what they want.
Chapter 1: Knowing Your Stuff.
Knowing your stuff gets the customer onside. You should have a detailed knowledge of what you’ve got – your product range and its features. You should also know your policies, as well as having a wider knowledge of the business and the market landscape.
Chapter 2: Finding out What They Want.
Customers don’t always know what they want. Whatever service you provide, encourage your customers to open up. Listen to their needs, desires and concerns.
Chapter 3: Getting into Their Head.
The customer may need something more than what they’re asking for. Try to get to the truth of the matter by asking questions.
Chapter 4: Showing Them the Benefits.
Features like ‘it’s got auto-tension’ are factual statements but they won’t entice customers to buy. A benefit (like ‘it’s incredibly comfortable’) answers the question ‘What's in it for me?’ People buy benefits – so explain them to them. Show Less
Customer Types
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your...Show More
It’s often said that Customer Service isn’t a department, it’s an attitude. The behaviour of front-line staff defines the reputation of any organisation – big or small – which makes it all the more important to get it right.
Help your customer service team to handle all kinds of difficult customers.
Chapter 1: Mr Rude.
Never go into battle with a rude customer, that’s just what they want you to do. Don’t surrender either. Stand your ground, be polite and neutral.
Chapter 2: Mrs Arrogant.
Don’t get cheesed off with arrogant customers. Be respectful. Put yourself in their shoes and imagine how they want to be seen. Avoid confrontation and awkwardness by being tactful.
Chapter 3: Mr Chatty.
If you have a chatty customer, use closed questions to keep them on subject, and don’t give up – even if they do drive you up the wall.
Chapter 4: Mrs Picky.
Never rush a picky customer. Understand the reason behind their need for extra detail. Use your product knowledge to give them a clear picture and if you don’t know, offer to find out. Try and remain friendly. Show Less