Gartner Says Harnessing Sales Culture Can Drive Sales Performance
May 27, 2024 | Gartner, Inc.Estimated reading time: 2 minutes
Harnessing an organization’s sales culture can lead to improved sales performance, according to Gartner, Inc. Experts presented their findings during the Gartner CSO & Sales Leader Conference, which took place here this week.
“Culture is often an afterthought for sales leaders – it’s something that just exists, but is off track or isn’t actively managed," said Shayne Jackson, Senior Director Analyst in the Gartner Sales Practice. “As a result, teams are often disconnected, leading to higher turnover and lower performance.”
“When leaders actively channel sales culture it can be an incredibly powerful tool,” continued Jackson. “To leverage culture as a driver of performance and retention, sales leaders must understand the culture that exists today, evaluate if it is meeting seller needs, confirm it aligns with leadership’s values, and then make adjustments to drive specific types of growth.”
In a survey of over 200 senior sales leaders conducted from November through December 2023, Gartner identified six cultural attributes that motivate sales performance.
Attributes such as transparency link to 2.9x greater likelihood of increased profit growth. Similarly, by prioritizing seller empowerment as a key pillar of sales culture, organizations are 2.8x more likely to see improved commercial performance. In addition, cultures that focus on psychological safety, where sellers are permitted to “fail safely,” are 2.7x more likely to see improved customer acquisition.
Shayne Jackson, Senior Director Analyst in the Gartner Sales Practice, explored how CSOs can connect their sales teams to culture at the Gartner CSO & Sales Leader Conference in Las Vegas, Nevada.
Key Sales Culture Attributes CSOs Should Evaluate:
- Investing in sales employees’ career development and growth opportunities – organizations that invest in career development are 2.6x more likely to improve commercial performance.
- Encouraging sellers to use innovative approaches to their work – organizations that foster innovation are 2.5x more likely to see digital commerce growth.
- Fostering internal competition among the sales team to meet their goals – when promoting competition, organizations are 2.6x more likely to see faster sales cycles.
- Being transparent and presenting sellers with meaningful insights into sales organizations’ operations.
- Empowering sellers to solve creatively for customer needs and rewarding them for finding ways to improve sales processes.
- Providing employees with psychological safety in an environment of trust.
“CSOs must take control of their sales culture by assessing the culture as it stands, designing the necessary culture adjustment and then transforming the culture to boost performance and achieve their organization’s goals. To implement changes, enlisting support of frontline managers is key, as well as making changes to systems and processes that conflict or obstruct the new culture improvements,” said Jackson.
Suggested Items
Diverging Electrification Goals between Honda and Nissan; Accelerated Resource Integration will be the Top Priority Post-Merger
12/25/2024 | TrendForceHonda and Nissan—two of Japan’s largest automakers—announced on December 23rd, 2024, that they have entered into merger negotiations, with plans to finalize an agreement by June 2025. Mitsubishi Motors is also expected to join the partnership.
Cicor Publishes Nine-month Results Report due to OEP Mandatory Offer
12/20/2024 | CicorCicor Group is publishing a nine-month report today. OEP has published a mandatory offer after it converted its Mandatory Convertible Bonds (MCNs) and thereby crossed the mandatory offer threshold.
It’s Only Common Sense: Dear Santa, Here’s My Sales Wish List
12/23/2024 | Dan Beaulieu -- Column: It's Only Common SenseChristmas is coming, and every salesperson knows it’s not just time for eggnog and office parties, it’s the perfect time to ask Santa for a little extra something to boost their success in the coming year. Who better to help you hit your sales quota than the guy who delivers millions of packages overnight without missing a single chimney? Santa knows logistics, customer satisfaction, and how to work a tight deadline. So, what should a good salesperson ask of Santa for Christmas? Let’s look at the ultimate sales wish list with a little humor sprinkled in.
It’s Only Common Sense: You’ve Got to Hustle
12/16/2024 | Dan Beaulieu -- Column: It's Only Common SenseWe can’t control many things: the economy, what our competitors are doing, and even sometimes what our customers think. But one thing that’s fully within our control is how hard we work. As a professional salesperson, if you’re not willing to put in the hustle and outwork everyone else in the room, you’ll be left behind. Let’s get something straight immediately: There are no shortcuts in sales. There’s no magic formula that will allow you to succeed without putting in the effort. The idea that working smarter can replace hard work is a myth. It’s not one or the other. It’s both. Working harder and smarter is the only way to win.
Nordson Corporation Reports Fourth Quarter and Fiscal Year 2024 Results
12/12/2024 | Nordson CorporationNordson Corporation today reported results for the fiscal fourth quarter ended October 31, 2024. Sales were $744 million, a 4% increase compared to the prior year’s fourth quarter sales of $719 million. The increase in fourth quarter 2024 sales included the favorable 6% impact of acquisitions and favorable currency translation of 1%, offset by an organic sales decrease of 3%.