Technology Archives | Challenger Inc Challenger Sales Wed, 28 Aug 2024 19:20:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://challengerinc.com/wp-content/uploads/2022/10/cropped-Challenger-favicon-48x48.jpg Technology Archives | Challenger Inc 32 32 Software | Sales Training https://challengerinc.com/success-stories/software/ Mon, 05 Dec 2022 15:46:18 +0000 https://challengerinc.com/?post_type=success-stories&p=121850 SAP is one of the world’s leading producers of software for the management of business processes, developing solutions that facilitate effective data processing and information flow across organizations. Its customers generate 87% of total global commerce, and all but one of the 100 largest companies in the world are SAP customers.

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Revenue: £28B
Employees: 110K

Client Challenge

SAP operates in the extremely competitive enterprise software and related services space. SAP traditionally relied on the strength of its products and services and the sales organization’s technical expertise to guide sales conversations. However, SAP recognized that its salesforce must provide greater business insight and value to customers during sales interactions to stay competitive.

Solution

SAP conducted a competency assessment to better understand skills, behaviors, coaching support, and time-spent differences between top and core performers. SAP’s sales leaders saw strong alignment between the Challenger approach and top-performing salespeople. So, sales and sales enablement leaders at SAP made the strategic decision to adopt Challenger as the global model to transform their sales conversations from technical pitches of features and benefits to more compelling, insight-focused conversations. To ensure adoption across a significant global population, SAP also empowered frontline sales managers to support and lead this transformation.

Results:

SAP deployed Challenger sales training and coaching training to nearly 4,300 sellers and 1,400 managers in nine languages across all regions of the world. A sampling of SAP trainees (approximately 15% of all participants) completed a post-training assessment in which they attributed €47.4 million in closed business and €184.2 million in anticipated business to Challenger.

SAP compared the sales pipelines of individuals who attended Challenger training to pipelines of those who did not. Challenger-trained individuals:

  • Closed a higher percentage of deals: 26% more deals closed 
  • Brought in more revenue: 27% more sales revenue generated 
  • Closed deals faster: Average sales cycle time of 126 days versus 167 days 
  • Sold bigger deals: Larger average deal size

SAP received a Brandon Hall gold medal for its global sales training program, of which Challenger training was a significant component.

Quotes

 “Challenger has significantly contributed to our revenue streams from both new opportunities and additional business generated from existing customers. SAP’s global, unified rollout of Challenger to our sales organization and management was the key driver to delivering extensive customer impact.”

Rainer Stern, Global Vice President, SAP Sales Acceleration & Leadership



Quotes

 “Challenger has significantly contributed to our revenue streams from both new opportunities and additional business generated from existing customers. SAP’s global, unified rollout of Challenger to our sales organization and management was the key driver to delivering extensive customer impact.”

Rainer Stern, Global Vice President Sales Leadership Programs, Global GCO University, Customer Strategy and Global Sales Operations



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Information Technology | Sales Training https://challengerinc.com/success-stories/information-technology/ Mon, 05 Dec 2022 15:04:30 +0000 https://challengerinc.com/?post_type=success-stories&p=121840 Xerox is a workplace technology company with a geographic footprint that spans 160 countries. It builds and integrates software and hardware for small and large businesses and has defined the modern work experience by inventing the copier, Ethernet, laser printer, and more.

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Revenue: $7B
Employees: 109K

Client Challenge

Xerox wanted to deliver a new market strategy for its largest direct-selling organization, US Client Operations, to sell higher-value service-based solutions to large enterprises. As part of its new services-focused go-to-market strategy, Xerox faced increasing complexity in the interactions that salespeople had with clients. A lack of management training, a numbers-over-skills focus, and unfamiliarity with complex enterprise deals were causing Xerox to offer customers an uninspired sales experience.

Solution

Xerox rolled out Challenger sales methodology across the US Client Operations sales team of over 1,000 sellers and 150 sales managers. The organization embraced Challenger to address these issues and taught managers to be better coaches, to identify and cultivate Challenger behaviors, and to innovate in order to move deals through the pipeline. This innovation revolved around challenging customers with valuable commercial insights to teach them something about their business that they had never known before.

Previously, Xerox sold on one key product feature: generating 90% less waste than laser printing. But with Challenger’s help, Xerox identified what customers actually care about most: improving student learning by investing in interactive learning tools and scalable customization of lesson plans and materials.

Going further, Xerox discovered that digital technology is resetting students’ expectations, causing a decline in attention and interest when information is delivered in black and white. This uncovered an invisible truth that transformed how they sold to customers: color enhances learning. In fact, research showed that 77% of students agree color boosts focus, interest, and memory.
From there, it was easy to show customers the importance of access to color printing in the classroom.

Results:

Xerox redefined success when it challenged customers to see the benefits of color materials in student performance, not the cost of printers and ink. The company’s sales interactions started producing astonishing results.

  • 17% increase in sales 
  • 100% increase in coaching time
  • 50% increase in quality of coaching effectiveness 
  • 90% of participants cited overall performance improvement 3 months after rollout
  • $65 million in contract value attributed to Challenger skills

Quotes

“The Challenger Sale speaks to the core of how we’re engaging with our clients. We want our salesforce to deliver insight and value, not sales pitches. That’s why our entire organization is being trained on the skills and behaviors that make Challengers successful.”

Kevin Warren, President, US Client Operations

Quotes

“The Challenger Sale speaks to the core of how we’re engaging with our clients. We want our salesforce to deliver insight and value, not sales pitches. That’s why our entire organization is being trained on the skills and behaviors that make Challengers successful.”

Kevin Warren, President, US Client Operations

Before Challenger

  • Our leading-edge, cartridge-free technology produces 90% less waste than laser.

After Challenger

  • I’d like to talk to you about the impact of color on student performance.



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Industrial Manufacturing | Sales Training https://challengerinc.com/success-stories/industrial-manufacturing/ Sat, 03 Dec 2022 16:50:08 +0000 https://challengerinc.com/?post_type=success-stories&p=121873 Flowserve Corporation is a leading provider of fluid motion and control solutions, including pumps, valves, and mechanical seals, for the world’s toughest, most critical applications. The company operates in more than 300 locations in over 50 countries.

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Revenue: $3.5B
Employees: 15K

Client Challenge

Flowserve sales engineers were accustomed to traditional sales methods focused on product features and technical specifics. The organization had made limited investments to build a consistent global sales methodology or to develop coaching capabilities among its frontline managers and engineering community.

These factors left Flowserve’s sales engineers feeling greater pressure to perform in a changing and more complex customer environment. Its market challenges included:

  • Growing competition from low-cost international competitors
  • A changing demographic among their customer set, with different perspectives and experience
  • Customers with more sources for information, alternatives, and a greater need for consensus when making a purchase decision

Solution

Together with Challenger, Flowserve took a holistic view of its sales and marketing organization and identified key strategic gaps to close, including commercial insight, sales experience capability, and coaching support.

  • Commercial insight: Flowserve dug deep into the minds of its biggest customers, looking for knowledge gaps and a suboptimal approach to running operations. Those gaps were quantified with a clear business case for change that led uniquely to Flowserve as the best partner and supplier.
  • Coaching: Before field teams could deliver this new commercial insight, Flowserve invested in manager coaching capabilities to better support the change. The fundamental coaching shift was to forward-looking and skill-based coaching interactions and away from simple performance and metrics management. 
  • Capability: Flowserve assembled its sales engineers together for two days of region-configured Challenger skill-building workshops. These sessions combined expert facilitation (in the local language) focused on centrally built commercial insights, manager coaching support, and the application of skills and messages to real accounts. Following the workshops, sales engineers continued to practice new skills through a reinforcement plan that used video-based practice and targeted manager feedback.

Implementing a behavioral transformation in their global field force was a complex endeavor, including workshops for over 1,200 managers and frontline sales engineers in 10 different languages across five continents, each with cultural sensitivities and market nuances.  



Results:

Challenger and Flowserve leadership quickly noticed a fundamental change in the way sales engineers approached customer interactions, including greater preparation for sales interactions and overall engagement across the field. In the six months following the Challenger skill workshops, Flowserve realized the following results:

  • $75 million in closed business directly attributed to the use of Challenger skills in sales interactions with customers
  • Over 75% of sales engineers reported more thorough preparation for sales interactions
  • 78% of sales engineers reported more meaningful sales conversations with customers

Quotes

“Challenger’s methodical approach illustrates many skills other programs have lacked, and I’ve been in sales for over 20 years. Although sensitive with some customers, taking control and building constructive tension are vital to ignite low-priority opportunities forward.”

Flowserve Sales Engineer, North America

Quotes

“Challenger’s methodical approach illustrates many skills other programs have lacked, and I’ve been in sales for over 20 years. Although sensitive with some customers, taking control and building constructive tension are vital to ignite low-priority opportunities forward.”

Flowserve Sales Engineer, North America

Before Challenger

  • Flowserve is a leading supplier of pumps, seals, and valves for large CapEx projects like yours. We have the expertise to walk you through each stage of development to reduce delays and improve plant uptime.

After Challenger

  • Many engineers underestimate the impact that comes from using equipment from multiple vendors. Minor fluctuations in capacity, specifications, and repair processes across multiple suppliers can turn a small repair into a large-scale systemic issue. This can bring your facility offline and cost you more than you realize.



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Educational Software | Sales Training https://challengerinc.com/success-stories/education/ Tue, 29 Nov 2022 13:25:58 +0000 https://challengerinc.com/?post_type=success-stories&p=121325 Odysseyware provides easy-to-access, user-friendly digital content and curriculum that includes over 300 standards-based core courses and electives. The classroom solution addresses students' needs both inside and outside the classroom with standards-based core courses and electives designed to support personalized learning in grades 3-12.

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Revenue: $14M
Employees: <100

Client Challenge

Odysseyware faced commoditization in an increasingly competitive e-learning content space. The company lacked a differentiating commercial message and spoke mostly about the features and benefits of its e-learning content, not teaching schools about the importance of consistent learning curricula Sales leadership needed to align a fragmented sales organization around a common experience that provided value to an increasingly sophisticated buyer of e-learning.

Solution

Odysseyware partnered with Challenger to support sales and leadership, develop commercial insights, and upskill sellers to provide a new commercial experience. A core team of Sales, Marketing, and Product leaders joined together to create new commercial messages using Challenger Activation’s Insight Design process. These messages were presented to the organization as part of a full-day Challenger onsite training and as part of keynote presentations and breakout sessions at the company’s national sales meeting. The entire salesforce completed Challenger’s e-learning curriculum, reinforcing key concepts introduced at the onsite meetings
Upon completion of the e-learning curriculum, Odysseyware deployed the Challenger sustainment plan to support sellers in embedding the newly learned behaviors

Results: Challenger lifts seller performance, engagement and access.

  • 12 months after Challenger launched, Odysseyware sales increased by more than 10%
  • 79% of sellers reported that Challenger helped them prepare more thoroughly for their sales interactions
  • 74% of sellers reported that Challenger allowed them to have more meaningful sales conversations
  • 84% of sellers would recommend Challenger to their peers

Quotes


“We chose Challenger at a time when the industry is competitive, products are being commoditized, and buyers are looking to sellers for much more than product knowledge. Integrating it through Sales, Marketing, and Service helps us have a common understanding of how we approach our industry and has differentiated us. After our first full year with it, we’re even more excited for the future.” – Barry Swihart Senior Vice President of Sales

Quotes


“We chose Challenger at a time when the industry is competitive, products are being commoditized, and buyers are looking to sellers for much more than product knowledge. Integrating it through Sales, Marketing, and Service helps us have a common understanding of how we approach our industry and has differentiated us. After our first full year with it, we’re even more excited for the future.” – Barry Swihart Senior Vice President of Sales

Before Challenger

  • “Our digital content offerings are easier for teachers to use than traditional curriculum”

After Challenger

  • “I’d like to discuss how your student graduation rates are impacted by inconsistent curricula used in your district”

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Biotechnology | Sales Training https://challengerinc.com/success-stories/biotechnology/ Sat, 26 Nov 2022 10:59:11 +0000 https://challengerinc.com/?post_type=success-stories&p=121853 Affymetrix, now called Applied Biosystems Microarray Analysis and part of Thermo Fisher Scientific, is a leading provider of products that enable parallel analysis of biological systems at the gene, protein, and cell levels.

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Revenue: £330M
Employees: 1,100

Client Challenge

Affymetrix faced a turbulent market environment. Given downward cost pressures in the genetic research market, global economic uncertainty, and increased competition, the company’s revenue fell from a high of $330 million to $267 million in four years. Affymetrix recognized the need to change its go-to-market strategy and improve the value it brings to its customers in multiple and diverse markets.

Solution

Affymetrix wanted to transform the behavior of its salespeople and how its entire commercial organization interacted with customers. Affymetrix began its transformation by developing Challenger messaging for key market segments and products. These messages focused on insight as the compelling lever to force customers away from their status quo.

Affymetrix conducted global training in North America, EMEA, and Asia across a matter of weeks and immediately implemented both manager and individual coaching and messaging support.

Results:

Under the direction of its new chief commercial officer, Affymetrix invested heavily to make its Challenger transformation a sustainable effort. The company selected a dedicated, internal Challenger champion who immediately took control of continued message development, refreshing skills, and training new hires. The company also created an internal Challenger website to consolidate messages, highlight case studies, and recognize star performers.

Roughly one year after the training events, Affymetrix began to see a turnaround in its revenue performance. Bolstered by a timely acquisition, the company bounced back to $330 million in revenue and trended upward. Affymetrix beat Wall Street estimates, performed closer to its industry peers, and improved overall energy and morale. As a result, the Company’s stock price doubled.

Quotes

“The Life Science market is very complex on a number of levels, which means that the effective creation and use of insights are of particular value.”

David Weber, Former Vice President and CCO

Quotes

“The Life Science market is very complex on a number of levels, which means that the effective creation and use of insights are of particular value.”

David Weber, Former Vice President and CCO

Before Challenger

  • Stock price of $4.31



After Challenger

  • Stock price of $8.66



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Sales Training https://challengerinc.com/success-stories/success-stories/ Fri, 25 Nov 2022 10:42:27 +0000 https://challengerinc.com/?post_type=success-stories&p=121305 With an annual profit of $40 billion and more than 135,000 employees, this Internet market leader generates a significant portion of its revenue through advertising on its platforms. To grow its reach and capture enterprise business, the company introduced cloud-based subscription services.

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Revenue: $40B
Employees: 135K

Client Challenge

A multinational technology giant specializing in Internet-based products and services launched a suite of cloud-based subscription applications to meet enterprise businesses' growing communication, collaboration and storage needs. As the company strove to expand beyond its core competencies, it faced resistance and distrust from skeptical prospects and misaligned sales and marketing teams that lacked an accurate understanding of the customer journey. The company engaged Challenger to win more deals in a non-core yet increasingly high-potential business vertical.

Solution

Challenger conducted focus groups to drill down weaknesses and design a more effective sales strategy and process.Through analysis, Challenger discovered three primary issues impeding growth: (1) Teams utilizing outdated selling practices and messaging for new services (2) A misguided understanding of customer needs and (3) An inability to perceive certain partners as competitors and proceed tactically.

Results

Challenger created more accurate buyer personas and integrated the efforts of its sales and marketing teams. These straightforward adjustments led to increased scheduling conversations and a shortening of the sales cycle.

Sales refresh in 3 steps

Challenger partnered with the company to design new buyer personas and construct solutions-based messaging for high-level decisions makers.

Leading two-day intensive workshops, Challenger trained internal teams to engage key stakeholders and execute complex, enterprise deals.

By incorporating Challenger methodology, sales and marketing teams learned to share data and insight and follow refreshed choreography.

Sales refresh in 3 steps

Challenger partnered with the company to design new buyer personas and construct solutions-based messaging for high-level decisions makers.

Leading two-day intensive workshops, Challenger trained internal teams to engage key stakeholders and execute complex, enterprise deals.

By incorporating Challenger methodology, sales and marketing teams learned to share data and insight and follow refreshed choreography.

Winning Sales Teams Now

  • Know the customer journey
  • Simplify the presentation of complex solutions
  • Build trust and effective on-ramps for customers
  • Counter competitive partners

Launched to Success

Challenger drives companies to narrow the scope and focus on engaging key decision makers.

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SaaS Sales Training https://challengerinc.com/success-stories/saas/ Sun, 20 Nov 2022 09:42:10 +0000 https://challengerinc.com/?post_type=success-stories&p=121299 With an annual revenue of over $400 million and more than 1,500 employees, this SaaS enterprise serves as a platform for businesses' identity and security needs. Shifting from software to subscription services, the company unlocked new revenue potential.

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Revenue: $400M
Employees: >1,500

Client Challenge

A leading identity and security management company launched pioneering SaaS-based products in an increasingly fragmented space. With intense competition from long-term contractors, the company needed a differentiated sales strategy and fresh approach to close deals faster and gain market share. Seeking a streamlined solution, the company integrated Challenger methodology deep into its culture and business practices. Internal stakeholders embraced Challenger and the company saw a significant increase in customer acquisition.

Solution

In advisory-level discussions, Challenger examined the company’s sales strategy and reviewed its overall messaging.Challenger discovered three main issues impeding the company's growth: (1) An over-complicated sales cycle (2) Narratives centered around an outdated feature-benefit model, along with unnecessary discounts (3) Siloed business units.

Results

By adopting the Challenger approach at all levels, teams across the company drove change and transformed organizational practices. As a result, the company saw up to an 80% improvement in its closings of complex deals.

Sales refresh in 3 steps

With a focus on sales and marketing, Challenger revamped messaging and increased alignment between multiple business units.

Challenger simplified and optimized the company’s sales cycle and identified internal “Challengers” to champion a more effective way of selling.

Partnering with stakeholders, Challenger created playbooks and anchored the new approach in teams throughout the organization.

Sales refresh in 3 steps

With a focus on sales and marketing, Challenger revamped messaging and increased alignment between multiple business units.

Challenger simplified and optimized the company’s sales cycle and identified internal “Challengers” to champion a more effective way of selling.

Partnering with stakeholders, Challenger created playbooks and anchored the new approach in teams throughout the organization.

Winning Sales Teams Now

  • Teach, tailor and take control
  • Reframe thinking and leverage constructive tension
  • Anchor a new approach throughout the company
  • Strengthen the business case

Launched to Success

With Challenger, companies gain the customers' attention in ways competitors don’t and guide them to seek a unique solution.

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Technology Sales Training https://challengerinc.com/success-stories/technology/ Wed, 09 Nov 2022 16:58:27 +0000 https://challengerinc.com/?post_type=success-stories&p=121268 Garnering $100 million in revenue and employing a team of more than 900, this Google/Alphabet-funded company combines data science and machine learning to drive business results. The organization achieved unicorn status as a hypergrowth market creator.

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Revenue: $100M
Employees: 900

Client Challenge

An AI venture-backed enterprise that gained "unicorn" status launched a next-generation product that supplies companies with unprecedented ease and access to high-impact data. As businesses clamored to become clients, the company struggled to scale its message, standardize processes across an uneven salesforce and effectively position its market-creating solution. With an IPO on the horizon, the company knew it needed Challenger to sharpen message delivery and capture growth.

Solution

Through research and outreach, Challenger quickly alighted on a galvanizing advantage the company had under-appreciated: its influential role as a market creator. To capitalize on this differentiation, Challenger steered the company to: (1) Execute compelling messaging around its unique position in the marketplace (2) Elevate sales conversations to engage in a fuller dialogue with higher-level decision makers.

Results

The company shifted from a product-oriented sales approach to a unique position strategy to keep the customer top-of-mind. This primed sales teams to harness the Challenger approach and drive a full transformation solution.

Sales refresh in 3 steps

Challenger created and led skills-building workshops and launched a library of insights and messaging for sales reps to easily access and apply.

With guidance from Challenger, sales reps engaged with higher-level executives and reinforced the company’s trailblazing solution in a new space.

Accountability measures introduced by Challenger propelled managers to scale and support sales teams and standardize onboarding.

Sales refresh in 3 steps

Challenger created and led skills-building workshops and launched a library of insights and messaging for sales reps to easily access and apply.

With guidance from Challenger, sales reps engaged with higher-level executives and reinforced the company’s trailblazing solution in a new space.

Accountability measures introduced by Challenger propelled managers to scale and support sales teams and standardize onboarding.

Winning Sales Teams Now

  • Leverage market-creator status
  • Codify sales practices throughout the company
  • Up-skill sales, marketing and management units
  • Gain and keep executive buyers’ attention

Launched to Success

Challenger steers sellers to identify and communicate a unique position to the right stakeholders at the right time in the sales process.

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