The Future of Sales: 8 Capabilities for Next-Generation Sales Managers
By upGrad for Business
First, let’s look at several reasons why sales managers struggle to impact the overall organization:
Successful sales professionals are often turned into sales managers without leadership development or ongoing guidance. Additionally, hiring practices are often not conducted in a way that creates success.
Sales managers typically take on significantly more tasks than simply leading their teams. While a strong sales manager can certainly adjust to take on those tasks temporarily, often the situation becomes permanent, leading to burnout.
Sales managers are often running teams they have inherited from a previous leader. Many of those team members may not be suited for their roles and thus underperform, which means the new sales manager has the task of remediating and possibly replacing those team members.
Now, let’s discuss specific skills sales managers need to learn to be successful leaders.
1. Goal setting. Top-performing salespeople likely have one practice in common: They have written goals and a written plan to accomplish those goals. Sales managers capable of creating those goals for themselves and guiding their teams in this practice will see significantly greater engagement (and success) than those who don’t require this of themselves or their teams.
2. Data translation. There is usually no shortage of data available to sales managers. The challenge becomes accuracy and necessity of the data. Savvy sales managers are skilled in uncovering what the data is telling them and then using that translation to build a better team.
3. Minimally viable metrics. Along with data, metrics, and dashboards are typically plentiful. Sales managers who can decide on the top five critical metrics by which to measure growth will create a more focused environment for their teams. That focus will translate into more meaningful results.
4. Business acumen. Sales success is part tactical and part strategic. Business acumen allows sales managers to consider the holistic picture of the business, and not only the discrete opportunities in their segment. Business acumen is demonstrated by knowledge of the greater marketplace, trends, and patterns, an understanding the competition, and the ability to assess your greatest opportunities and risks.
5. Leveraging sales structures. Your sales organization is only as solid as the structures supporting it. Sales processes, sales enablement technologies, skill development programs, hiring and onboarding practices, and territory planning are several critical structures sales managers need to master.
6. Self-leadership. Sales managers must first lead themselves before they can successfully lead others. Self-leadership describes how one leads their own life — setting a course, following it, and adjusting as required. If sales managers aren’t willing to improve themselves, there isn’t going to be high followership by their team.
7. Communication. Sales managers require communication skills that fall into four categories: upstream (executive level), lateral (peer or customer level), and downstream (team level). Each of these has unique scenarios that involve elements of presenting business cases, negotiating outcomes, and even selling your company’s products and services.
8. Coaching. This is one area sales managers de-prioritize when other tasks and situations arise. Sales managers aren’t typically taught how to coach; it’s assumed that because they’re in a management role they already have the skills. Formal skill development, along with informal learning opportunities in coaching, will have a significant positive impact on sales teams.