Velocity in business

Make it Rain - Money

Velocity Growth Drivers Start with Shared Internal Objectives that Improve Alignment Between Departments. This Increases Speed to Market and Velocity of Product Development and Sustainment.

Compare Your Organization to these Elements of Velocity Growth Drivers

  • CEVOH logo representing VELOCITY as a key component of revenue growth. VELOCITY represents speed to market and is coupled with Value generation and Volume sales initiatives. See CEVOH.com for best practice examples of VELOCITY revenue Initiatives.

    Velocity Revenue Drivers

    You have specific plans in place to increase your revenue velocity. You have established cross-departmental accountability and processes that align on creating customer value and speed to market. We have processes in place to make us easy to sell for and easy to buy from.

  • CEVOH logo representing the need for the right organizational structure to facilitate revenue growth. See CEVOH.com for best practice examples of organizational structures that maximize value generation, volume sales initiatives and velocity.

    Organizational Structure

    You’ve adopted a progressive organizational structure that aligns you to strengthen the value chain. You embrace organizing around customers rather than around products.

  • CEVOH logo icon representing the important of a fact-based and measurement oriented business culture to maximize revenue growth plans. See CEVOH.com for best practice examples of a measurement based culture.

    Measurement and Fact-Based Culture

    Your organization doesn’t argue about facts as they are well scrubbed and “truth”. You use trended measurements over snapshots. You have a measurement-based culture that focus on things important to the customer and user.

  • CEVOH logo icon reminding us of the importance of DELIVERY OF SERVICE AND FULFILLMENT as key drivers of revenue growth. See CEVOH.com for best practice examples of SERVICE DELIVERY and FULFILLMENT.

    Fulfillment and Delivery

    You deliver products and services as promised. You measure fulfilment quality metrics that integrate into the voice of the customer needs.

  • CEVOH logo icon representing Fulfillment Goals and Measurements as a best practice to achieve revenue growth. See CEVOH.com for best practice examples of Fulfillment Goals and Measurement.

    Fulfillment Goals and Measurement

    Your fulfilment and customer care managers share your growth goals. You manage the fulfilment system to allow all stakeholders (including customers) understand the steps and expected date of delivery.

  • CEVOH icon reminding us of how important it is to reward and recognize our best performers as we all strive for increases in revenue growth. See CEVOH.com for best practice examples of rewards and recognition and how these tie into a revenue plan.

    Company-Wide Rewards and Recognition

    Your rewards are based on simple, easily communicated, criteria including participation in value creation. You clarify what it takes to get promoted. You use rewards and recognition to encourage individual performance and team alignment.

  • CEVOH icon representing the importance of after sales CUSTOMER CARE in sustaining revenue growth initiatives. See CEVOH.com for best practice examples of CUSTOMER CARE practices and how they directly affect future customer retention and acquisition.

    Customer Care

    You view customer care functions as a way to create value and not as an expense. Cost efficiency is only pursued with an eye to the desired customer expectations.

  • CEVOH logo representing the best practice called 'EXECUTIVE APPEAL' within any successful revenue plan. This is a high level solution based approach to customer complaints. See CEVOH.com for best practice examples of executive appeal approaches.

    Executive Appeal

    You have a robust executive appeal process, where customers can get resolution beyond the normal customer care process and executives can learn from unhappy customers

  • CEVOH logo icon representing these important areas within a revenue growth plan: "Vision, Mission, Values". See CEVOH.com for best practice examples of VISION, MISSION and VALUES statements.

    Vision, Mission and Values

    You have annual efforts to refine your company vision and mission statements. You have developed a list of values to guide how you will conduct ourselves internally and externally.

  • CEVOH icon representing the importance of applied practical TECHNOLOGY to amplify the effects of a revenue growth plan. See CEVOH.com for best practice examples of how TECHNOLOGY applications can improve your revenue growth.

    Technology

    You embrace technology and automation. You use these to improve the customer experience and value chain. Your cutting-edge technology innovation is beta tested. You use agile approaches

  • CEVOH logo icon representing the important of establishing a BRAND and BRAND PROMISE within any successful revenue growth plan. See CEVOH.com for best practice examples of BRAND development and the creation of BRAND PROMISES.

    Brand Development

    You have developed a brand with a promise of future performance delivery. You manage your brand to meet your company vision and mission. 

  • CEVOH logo icon with the focus on Competitive Positioning. This area of a successful revenue growth plan maximizes focus on being better than the competition and learning how best to say it, support it, and sustain it.

    Competitive Positioning

    You can articulate what differentiates your products/ services from those of your competitors and communicate these in your marketing efforts.

  • CEVOH logo icon reminding us of the importance of KNOW HOW TO GET PROMOTED is within a revenue growth plan. See CEVOH.com for best practice examples COMPANIES THAT clarify this.

    Promotions

    You clarify what it takes to get promoted. You’ve moved from ‘ready-now’ promotions to ‘will be ready’ personnel promotions.

  • A CEVOH image representing the importance of PRICING OPTIMIZATION STRATEGIES as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of PRICING OPTIMIZATION STRATEGIES within a revenue plan.

    Pricing Optimization Strategy

    You price such that you know you are achieving the maximum customer value while extracting that value into revenue. You only reward discounts for specific customer behavior such as trial, growth and volume.

  • A CEVOH image representing the importance of SOLID REVENUE PLANS as a volume growth driver FOR YOUR COMPANY. See CEVOH.com for best practice examples of REVENUE GROWTH PLANS.

    Revenue Plans

    Your marketing, sales and go-to-market plans are co-owned by sales, marketing and product fulfillment departments. Your revenue/marketing plan puts a priority on Value Creation, Volume and Velocity for maximum market effect. Your plans include specific things You will stop doing that no longer meet these needs.

  • LA CEVOH image representing the importance of UNIQUE SELLING PROPOSITION as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of UNIQUE SELLING PROPOSITION within a revenue plan.

    Unique Selling Proposition

    You have created a one-page elevator speech for important products and services. This clarifies exact language that discriminates us against our competitors. This exact language is consistently used in all customer communications from sales to advertising. 

  • A CEVOH image representing the importance of MARKET COVERAGE as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of MARKET COVERAGE within a revenue plan.

    Market Coverage

    You have aligned our sales channels with how customers want to buy and with their purchasing power. This includes field sales, inside/tele, customer care upsell, partner sales and e-sales channels.

  • A CEVOH image representing the importance of PRODUCT DISTRIBUTION CHANNEL MANAGEMENT as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of PRODUCT DISTRIBUTION CHANNEL MANAGEMENT within a revenue plan.

    Product Distribution / Channel Management

    You manage product and service offerings to match best channel performance using a long-term profit-maximizing manner. Incentives applied at the channel level are based on margin not revenue.

  • A CEVOH image representing the importance of OPTIMIZED SALES PROCESSES as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of SALES PROCESS within a revenue plan.

    Sales Process

    You have designed a replicable sales process fundamentally based on how your customers' typically purchase from you and validated by how your highest performers sell. This process is well adopted.

  • A CEVOH image representing the importance of ACCOUNT PLANNING as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of ACCOUNT PLANNING within a revenue plan.

    Account Planning

    You have structured processes to collaborate with customers and build joint account plans. These plans create value for both the customer and our business.

  • A CEVOH image representing the importance of KEY ACCOUNT MANAGEMENT as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of KEY ACCOUNT MANAGEMENT within a revenue plan.

    Key Account Management

    Key customer accounts clearly understand they have access to your scarcest resources in exchange for helping grow your business. You up/down-tier accounts based on account performance.

  • A CEVOH image representing the importance of CUSTOMER RELATIONSHIP MANAGEMENT as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of CUSTOMER RELATIONSHIP MANAGEMENT within a revenue plan.

    Customer Relationship Management

    Your CRM system provides value to your business and to your customers. The organization recognizes and safeguards against the damage an inefficient CRM system can have on both customer and employee morale.

  • A CEVOH image representing the importance of BUSINESS DEVELOPMENT as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of BUSINESS DEVELOPMENT within a revenue plan.

    Business Development

    Your organization understands the difference between BD and sellers. You embrace the longer sales cycles resident in an optimal BD function.

  • A CEVOH image representing the importance of SALES CADENCE as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of SALES CADENCE within a revenue plan..

    Sales Cadence

    Your organization manages sales productivity while caring for the sales rep’s desire for creativity. You use a variety of methods such as canvass kick-offs, spurts, celebrations and customer testimonials to maintain cadence and offer recharge events.

  • A CEVOH image representing the importance of SALES METRICS as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of SALES METRICS within a revenue plan.

    Sales Metrics

    You have identified the drivers of business success. You include focus on metrics to achieve value creation, volume and velocity. You also use sales metrics that include loyalty, retention and margin. Individuals receive appropriate dashboards allowing them to take clear action to drive these business outcomes.

  • A CEVOH image representing the importance of SALES COMPENSATION as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of SALES COMPENSATION within a revenue plan.

    Sales Compensation

    Your organization recognizes that many in sales are ‘coin-operated’. Your sales compensation plans are simple and weighted to include doing what’s right for the customer and company margin.

  • A CEVOH image representing the importance of SALES OPERATIONS as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of SALES OPERATIONS within a revenue plan.

    Sales Operations

    Your organization meaningfully and measurably contributes to the ability of our sales organization to close quickly and serve our customers effectively. Your sales systems are not overly complex. Your sales productivity systems are designed to encourage customer touches with solution selling and insight selling techniques.

  • IA CEVOH image representing the importance of A COMMUNICATIONS PLAN as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of A COMMUNICATIONS PLAN within a revenue plan.

    Communications

    Your advertising and communications are authentic. Your strategic brand communication represents an overarching level of performance and future promises. For your product marketing, the organization promises what it will deliver and then delivers on this promise. Your messaging leads all your stakeholders to your unique differentiators.

  • A CEVOH image representing the importance of EFFECTIVE COMMUNICATIONS MEASUREMENTS as a volume growth driver within a revenue plan. See CEVOH.com for best practice examples of EFFECTIVE COMMUNICATIONS MEASUREMENTS within a revenue plan.

    Communications Measurements

    You allocate your advertising and communications media spending based on a clear understanding of the returns on investment from each of the different elements in the mix. You use sentiment goals and tracking for all communications.