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Client
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An
international firm of consulting engineers wanted to expand their Australian
operations. |
Brief
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Partners
were concerned that their field of expertise was starting to be seen as a
commodity – “one is as good as another and we’ll buy on price” – with the
result that returns to partners was liable to reduce because of lower
revenues and financial results. Client “churn” was becoming a serious
problem. They wanted to find a way to shift clients’ perceptions of
consulting engineers per se as well as improving their own corporate and
personal returns. |
Diagnosis and Approach
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This
organisation used extensive client satisfaction surveys (conducted by an
independent third party) to ascertain client’s views of their services. The
results were always positive – they were considered highly professional and
competent to the extent that these results showed them to be in the top 5%
of their field. However the discrepancy between the survey results and the
fact of churn had them seeking a new way to obtain and retain clients. |
Solution
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The
solution used a Third Generation Leadership application in which partners
and employees at all levels (including reception) were involved ascertaining
areas of client concern and then to develop new approaches to meet these
concerns. |
Outcomes
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The agreed
outcomes prior to commencing this project related to decreasing churn while
increasing revenues and profitability. These outcomes were met in full. |
Tools and Techniques Used
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Principles
of Third Generation Leadership, Third Generation Leadership’s Value Release
Framework, re-organising of work processes and billing arrangements,
facilitation and mentoring. |
Client
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A major
bank with extensive operations in Australia that wanted to increase its
business banking market share and its profitability after the global
financial crisis of 2008 |
Brief
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The
Regional Manager was under pressure to significantly increase gross value of
transactions and revenue to the bank. Business confidence in the environment
was relatively low and this was a highly competitive market. He was
especially concerned about one unit that was not performing as well as the
others. |
Diagnosis and Approach
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Businesses
in the targeted size bracket (SME’s) had a low level of trust in their banks
– according to independent research, some 60% of SME’s did not trust the
banks on which they relied for support. Growth in the acquisition of new
business had slowed and it was clear that the existing marketing and sales
processes used by the bank would not achieve the level of new business
desired in any of the units in the region. |
Solution
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The
solution used a Third Generation Leadership application in which managers
first conducted their own guided research regarding the reasons for the lack
of trust and then used this understanding to engage with existing and
potential customers using techniques totally different from what had
previously been used either by them or the bank overall. |
Outcomes
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It was
agreed before starting the trial that any potential business about which the
manager or the bank was aware would be excluded from the results achieved.
This would ensure that all results produced would be genuine ‘new business’.
After 10 weeks’ trial by 3 teams, the total value of new Gross Transactions
was $207,080,000 for a total new revenue to the Bank of $7,409,000 and the
Bank annualised this revenue at $26,636,000. The Regional Manager states
that this region has significantly exceeded its target through the use of
this approach. |
Tools and Techniques Used
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Principles
of Third Generation Leadership, Third Generation Leadership’s Value Release
Framework, facilitation and mentoring. |
Client
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A major
supplier to the building, construction, and road infrastructure industries
was concerned about reduced profitability brought about through increasing
commoditisation. |
Brief
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The company
was under pressure by market analysts for sustainable profits and increased
market share that would impact positively on their share price. |
Diagnosis and Approach
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There was
no significant room for product differentiation among competing
organisations – specifications were set in tender documentation and/or by
legislation and there was little room for variation from these. Customers
were very price conscious and a difference of a few cents per tonne could
determine which supplier got business at any time. Customer loyalty was rare
when total cost was the main determinant for awarding a contract. |
Solution
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The
solution used a Third Generation Leadership application in which sales,
production & delivery personnel first conducted their own guided as to the
criteria that would influence buying decisions by customers then worked as a
team to ascertain how the real needs of potential customers could be better
met. They then implemented this plan. |
Outcomes
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The agreed
outcomes prior to commencing this project related to both increased revenue
and increased profitability. These criteria were met with the result that
the client’s market share increased by what they considered to be a
significant margin and their revenues and profitability rose because through
this attention to the real needs of customers they were able to price at up
to $1 more per tonne than did their competitors. |
Tools and Techniques Used
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Principles
of Third Generation Leadership, Third Generation Leadership’s Value Release
Framework, development of a new strategic approach for sales, facilitation
and mentoring. |
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For more information, please contact
us.
email:
douglas@dglong.com
phone: Australia 0412 029 754
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