Account management and sales
To pursue an account-based growth strategy, there are two really important groups of customers:
a relatively small and ideally relatively stable group of top customers (or partners) who, year after year, make up 50 per cent of revenue and, if it were measured accurately, most likely an even greater percentage of profits;
the small set of customers in the other 97 per cent of the customer base or new prospects who could, over the next three years or so, join the top group.
This chapter starts by setting out how account management has evolved to focus on the first of these two groups into ‘key account management’ in many companies, and how key account management interacts with the broader sales function. Nick Wilson, ...
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