How to get Real Value from Win-Loss Reviews by Sharing Insight Learnings

This final step in the win-loss review process is the equivalent of the all-important follow-through: whether you’re swinging a baseball bat or golf club, you don’t stop the motion once you’ve made contact with the ball. To get the best results, you continue the motion to fulfil the arc to completion.
An organisation that doesn’t review and analyse their sales wins and losses is taking an awful risk. It’s not enough to have a better product or service; if your clients don’t perceive it, or have issues with your sales or delivery process, you’ll never know.
Those who possess the courage and discipline to conduct win-loss reviews and see them through will not only improve their likelihood of success, but will also send a broader message throughout their organisation that performance matters and that constant improvement is valued. This isn’t just about sales, but a cultural mindset.
Learnings from win-loss reviews can take many forms and impact many different aspects of the business:
- Opportunity “fit”
- Qualifications and preferences
- Products and solutions
- Price, terms and your value proposition
- Sales rep performance and the rapport and relationship they established (or failed to establish)
- Changes to sales, marketing or product strategy
- Improved scoping and crafting of solutions
- Sales process improvement
- Enhancement of rep and manager sales skills or abilities through formal and informal training
- Establishment of key performance indicators, goals and metrics
- Coaching from sales managers and leaders to support behavioural change
If the news is good, then what better platform to stand on and reaffirm to your people that not only are you performing well, but your clients think so, too. Who doesn’t like good news? This would be a message welcomed by your sales reps and the entire organisation.
If the news is negative, then make the necessary adjustments. Don’t make changes based on two interviews, but when you see a pattern, don’t ignore it. When the time comes to make changes, you can declare to the organisation that you’re making the best decisions based on real information received directly from those who matter most: your clients.
At the end of the day, conducting win-loss reviews is about holding your organisation accountable for their performance and creating a feedback process that will give you and your company a competitive edge.

eBook: Win Loss Reviews: 6 Simple Steps for Better Sales Strategy Execution
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