Six Steps to Winning Large Government Contracts
To win government contracts and achieve
consistent, long-term revenue growth, ClientView
recommends that you focus on six key steps:
• Building a business development organization
• Positioning and capture planning
• Training business development personnel
• Motivating business development performance
• Creating effective marketing and sales plans
• Teaming to win
Building a business
development organization
Think about what it takes to build a professional
sports team. Simply gathering exceptional talent
does not produce a memorable performance. Winning
requires leadership, a clear vision, a transparent
structure and a shared desire to perform at a high
level. And of course, it requires practice.
There are five elements needed to build an effective
business development organization:
-
Teamwork: Build a new culture
-
Leadership/shared desire/structure
-
Leadership -- visible senior management
-
Shared desire to team
-
Structure: business development systems -the key
to continuous improvement
Capture planning
Capture planning is a consistent element in winning
large contracts. But to succeed, it must be a
mandatory, formal process scrutinized at the top.
Prepared by a capture team, the plans are reviewed
by high-level management and various "experts." Once
approved, they are the baseline for monitoring all
actions aimed at winning.
The
real goal of the capture plan is to win the
competition before the RFP is issued or before an
invitation to present is received. A good capture
plan moves the client to the position where working
with your firm is the best option.
Business Development (BD)
Training
ClientView has found that you should not expect much
from business development training in formal
classroom or seminar settings. What produces the
best revenue growth is modified on-the-job training
(MOJT). MOJT combines real-life daily practice with
targeted delivery of relevant material tied to a
company’s BD system.
Motivating Business
Development Performance
Recognition -- Celebrate victory! Your
company is so much more than technology and
structure. It’s all about people, hard-working
people who deserve credit for a job well done.
Incentive -- The team is the target Incentive
compensation for large contract business development
must recognize teamwork. Winning large contracts
requires alignment of behavior, systems, recognition
and reward. That makes it worth the effort to
integrate incentive compensation into the
company-wide system.
Effective Marketing and
Sales Efforts
Strategic interviewing -- the key to
understanding your client:
Most companies surveyed by ClientView believe that
presenting their capabilities to a potential client
is critically important to their business
development success.
They are simply wrong. Untimely presentation of
company capabilities is a common marketing and sales
mistake. What makes the greatest contribution
to successful marketing and sales is LISTENING.
Compliance – the key to avoid losing:
In competitive procurements you should pay as much
attention to not losing as you do to winning.
Failure to respond to some minute detail can lead to
a rejected proposal. To avoid losing, you should:
-
Carefully read every RFP
-
Listen to your customers’ comments
-
Clearly understand their needs
-
Be absolutely sure that every nuance is fully
addressed
Teaming
We have seen top firms lose very large contracts
thanks to the blindness of corporate ego. Too often,
they delude themselves that size and a successful
track record mean that their employees are the only
ones who can provide key technologies and
capabilities. But big firms have weak points, too.
When they do not recognize them, they set themselves
up to lose.
The only mandate that makes sense and builds revenue
over time is to put the best people and resources on
every assignment- whether from within your
organization, or without – and a sole focus on
delivering the best outcome for the client.
|
Interested in learning more?
More
details are available by downloading our complete
White Paper Below
- or -
Contact ClientView Consulting to talk about how we
can help your firm
Download Our White Paper on
Six Actions to Winning Government Contracts
|