article | July 1, 2012
Book Review: McKinsey’s Sales Book
This contribution, from arguably the world’s most respected management consulting firm, to the sales body of knowledge is welcomed. McKinsey has a lot of clout and when they speak people listen. I thank the authors for elevating the sales effectiveness conversation into the board room where it belongs. Writing a book is a lot of work and I truly appreciate the author’s efforts.
But, unfortunately, they missed the mark.
The Research Method
The research methodology was flawed. McKinsey spent two years interviewing senior sales executives inside 100 global companies with a track record of outperforming their peers. The profile of the companies studied averaged $31 billion in revenues, 86,000 employees, across 10 industries. Two thirds were B2C companies.
The “five proven strategies” that emerged from this are:
These findings fall into the obvious category. You, the educated sales leader, will be upset you wasted three hours of your life reading 256 pages to receive such basic recommendations in return. This is what happens when the research is limited to interviews with primarily B2C executives. McKinsey would have been better served if they added a few of the following methods to their research approach:
Lastly, how many of you work inside $30 billion companies with 86,000 employees? It would have been a better read if the research had included companies of more modest scale.
The McKinsey authors have never led a B2B sales force. Thomas Baumgartner, has spent the last ten years as a consultant and prior to that was a university lecturer. Homayoun Hatami’s experience is as a member of the MIT board of trustees. Jon Vander Ark is a partner at McKinsey focused on B2C industries such as travel, consumer durables, and automotive.
I am sure the three authors are highly intelligent and capable. McKinsey only hires the best. However, unless you have had to make a number, quarter in and quarter out, you simply do not understand what it takes to be a successful sales leader.
Here are a couple of examples of their findings to give you a feel for the book:
There are some sections worth reading. Pay attention to the sections on blending online and offline selling, engaging the customer early in the cycle, and brining your expertise to the table. Beware: there are so few practical recommendations for the B2B sales leader, it takes a lot of patience from you to find them.
If you are looking for a sales book to read, here are a few that are a better use of your time:
Lastly, if reading a full length book is of no interest, here is an ebook we put together that can be read in 30 minutes.
How do you leverage data to inform strategy and measure success? Our KPI Builder tool can help guide...
Today Scott Santucci, CEO of Growth Enablement Ecosystems, joins us to discuss digital transformatio...
Sales Kickoffs are right around the corner. It’s the culmination of months of strategic planni...
Have you found that your revenue trends haven’t increased with your sales expense? Are you wai...
Are you about to hold your annual sales kick-off meeting (SKO)? If you are, you are about to t...
We all know the typical schedule and flow of these events. A recap of last year’s performance....
Value-based pricing is constantly top of mind for B2B executives. Promises of higher profits and mar...
As budgeting season is in full swing, lofty ambitions for next year’s growth meet the stress o...
SBI TV episodes bring you Sales and Marketing insights from B2B industry thought leaders and growth experts, on topics like product, pricing, customer experience and success, and go to market. Catch up on new and previous episodes here.