Culture as Revenue: 5 Ways Culture Drives Profit

Post on 22-Oct-2014

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Lately, company culture has been making big moves from "beneficial" to "essential". A healthy culture is now one of the most important indicators of long-term financial health, and it's time that it should be addressed as such. This webinar will focus on five ways that culture affects sales, sales teams and sales process and how executives can harness what makes them unique to drive the top line. Join Brent Daily, Co-Founder & COO of RoundPegg, and Natalie Baumgartner, Co-Founder & Chief Psychologist of RoundPegg as they illuminate and explain the important connections between culture and revenue. This webinar will cover culture's influence on: - Onboarding new hires - Team construction and effectiveness - Longitudinal profit - Sales and support differentiation - Engagement and re-engagement And more...

Transcript of Culture as Revenue: 5 Ways Culture Drives Profit

Culture Sciencephoto by: amagill

Culture as Revenue 5 Ways Culture Drives Profit

Culture Science

RoundPegg Boulder, CO

Dr. Natalie Baumgartner &

Brent Daily Co-founders, RoundPegg

RoundPegg unleashes your

business potential using real-time culture science.

Culture Science

Culture Defined

Culture !

How we do things around here.

Communication !

What are the norms for interaction?

Decisions !

How are decisions made?

Rewards !

What actions are rewarded?

Culture Science

Culture MisnomersPerks create culture

Culture is universal

Culture is top down

Culture can’t be measured

Diverse teams always win

Culture Science

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On-boarding (RoundPegg)

Support as Sales Differentiator (Webtrends)

Longitudinal Profit (Aquent)

Engagement (Kaiser Permanente)

Sales Team Construction (Agility Recovery)

Culture Sciencephoto by: tax credits

Culture as Revenue1

Onboarding

Culture Science

OnboardingRoundPegg David Lyon, VP Sales

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OnboardingTime is Money

Top culture fits start generating a positive ROI 2-weeks faster.

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Focus on individuals. Give the new hire insights into how every team member prefers to operate. Turn the tables.

OnboardingRecommendationsInterview for values. Put your best culture fits on the front lines of hiring, test for cultural fit.

Check in often. After hire check in every 30-days. What’s working/not?

Culture Sciencephoto by: dafnecholet

Longitudinal ProfitCulture as Revenue2

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Longitudinal ProfitAquent / Vitamin T

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Longitudinal ProfitWidening ROI

Year 1

15% 35%18-months

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Maintaining Fit/ProfitRecommendations

Establish a regular forum. Provide time and method for team members to vent.

Monitor concerns. Check in with employee during 1:1s around areas where they may get frustrated. Give them tools to bridge differences.

Ease interpersonal dynamics. Assume there is a ‘fit’ problem before leaping to solution.

Culture Sciencephoto by: maybeemily

Team ConstructionCulture as Revenue3

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Team ConstructionAgility Recovery

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Team ConstructionRecommendations

Complement operational traits. Pair up those who bring different strengths to the table from a skills perspective.

Align communication. Strive for assembling those who communicate and make decisions similarly.

Align rewards. Ensure everyone desires the same types of rewards*.

* Don’t assume everyone is only motivated by money.

Culture Sciencephoto by: bloodybee

Culture DifferentiationCulture as Revenue4

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Sales DifferentiatorWebtrends

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Sales DifferentiatorSelling Your Culture

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Recommendations

Model values to replicate success. Identify core value drivers to provide top flight performance.

Sell your values. What makes you different from competition in a way that benefits customers.

Sales Differentiator

Celebrate values. Use sales wins as a way to reinforce culture values rather than focusing only on the dollars.

Culture Sciencephoto by: Markus Grossalber

EngagementCulture as Revenue5

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EngagementKaiser Permanente

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!!Percent increase in patient satisfaction from top engaged medical staff

EngagementIndirect Revenues

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EngagementRecommendations

Develop. Reengage based on individual’s values and motivations, not your own.

Check in. Create frequent avenues for employees to provide feedback on what can be improved.

Engagement is personal. Ask each report - what motivates, how to best communicate and how to reward.

Culture Science

SummaryCulture is Revenue

CULTURE

Culture is not a touchy-feely endeavor. There is a direct connection to the top-line. !

Understanding your sales teams’ core values will enable you to properly motivate and point them toward success.

Culture Science

+1 720.663.7344 roundpegg.com

@roundpegg

RoundPegg Boulder, CO

Let’s Talk Culture & Engagement

!brentdaily@roundpegg.com