How to Increase Your Company’s Win Rate in 7 Proven Steps
How to Increase Your Company’s Win Rate in 7 Proven Steps Webinar Presented to APMP Sydney Chapter December 6, 2011 Bob Lohfeld, Lohfeld Consulting Group www.LohfeldConsulting.com Focus on 7 Proven Steps to— PROPOSAL Write Better Proposals Win More Business 2 Advance in Your Career Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. 7 Keys to Winning in Team Sports (and Government Procurements) Every Good Coach will Tell You: 1 Recruit Great Athletes Get the Right People on the Team 3 2 3 Use the Right Tools Enhance Your Level of Play with the Right Tools Have a Solid Game Plan Use the Right Techniques Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. 7 Keys to Winning in Team Sports (and Government Procurements) Every Good Coach will Tell You: 4 5 4 Focus on Coaching 6 Avoid Steals 7 Enjoy the Game Call the Right Plays Focus on Your Strategy Build a Winning Solution Every Proposal is Compliant, Responsive, and Compelling Have Fun at What You Do Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 1: Get the Right People 1 Build Your Core Team Like an NFL team, you start by drafting the right athletes Aptitude: excellent organizational and writing skills Domain expertise Experience Avoid unapplied labor (slugs) Augment Core Team with Special Players 5 Consultants used for surge and special skills Major companies use a 70/30 rule Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 1: Get the Right People (Cont.) 1 What to Look for in Consultants Professional expertise: real consultants vs. migratory labor Recognized accomplishment: more than a business card, peer recognition as among the best Commitment to the profession: APMP certifications What to Avoid 6 “Accidental Proposal Consultant” who will do “anything for money” (AFM) between full-time jobs Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 1: Get the Right People (Cont.) 1 Train Your Team Professional Development Training: raise their level of understanding and competitiveness (do you have a training program/plan with courses identified?) Skills training: train like you play/fight/fly; train using your process and tools Do You Have a Team That Can Win? 7 Proposals are an intellectual competition. Look at your market (SB, mid, large) and ask, “Are we smarter, better trained, and more agile than our competition?” Look for the best and brightest who can work under tight deadlines (reliable); can handle long hours under stressful situations (durable); and are smart, creative and driven to be successful (talented) The objective is not to produce a proposal, it is to create the winning proposal Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 2: Use the Right Process 2 Establish a Business Acquisition Framework That Covers 5 Stages: Business Development 8 Capture Management Pre-proposal Preparation Proposal Development Post-submittal Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 2: Use the Right Process (Cont.) 2 Work Toward Building a Mature Business Acquisition Process (for Major Competitions and Task Order Responses) 9 Defined: written and available process (framework) and instructional materials (procedures) Repeatable: the process has survived multiple acquisitions Managed: use the process to manage the pursuits and don’t manage around the process Measured: track not only your wins and losses, but also how well you carried out the process Optimized: based on results and statistical analysis, work to continually improve processes Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 2: Use the Right Process (Cont.) 2 A Mature Process Will— Increase efficiency (everyone knows what to do and how to do it) Reduce costs (reuse artifacts) Increase win probability Do You Have a Winning Process, or is Every Pursuit a New Adventure? (Reminds Me of the Movie 50 First Dates) 10 Percentage of companies we interview who admit to having inadequate processes Percentage of companies that actually do anything about it Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 3: Use the Right Tools 3 Define Your Overall Business Acquisition (BA) Lifecycle and Then Select and Use the Best Tools for Each Phase of the BA Lifecycle (Not The Other Way Around) BD pipeline management tools include: Capture Management tools: 11 Excel spreadsheet Deltek CRM (server or cloud) SalesForce.com (cloud) Microsoft Dynamic CRM (server or cloud) Capture Command Center (Lohfeld’s SharePoint-based framework for managing capture and proposal activities) Deltek GovWin (task order management) Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 3: Use the Right Tools (Cont.) 3 Proposal Management Tools SharePoint (Microsoft) Privia (SpringCM) Virtual Proposal Center (Intravation) SalesEdge (Sant) Custom development Establish an Enterprise Repository with Appropriate Levels of Security to Archive Artifacts and Get Them off Your PC 12 SharePoint (server or cloud) Oracle Siebel SAP Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 3: Use the Right Tools (Cont.) 3 Establish 5 Special-purpose Capture and Proposal Productivity Tools Résumé database Past performance database (not the same as a contracts file) Reusable graphics library Pre-written proposal content On-line archive of past proposals Personal Proposal Productivity Tools (Microsoft-centric) 13 Office 2010 and Windows 7, but keep other versions available for government electronic submissions SharePoint 2010 Adobe Creative Suite Adobe Acrobat Pro See Beth Wingate’s list of tools on our website Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 4: Call the Right Plays 4 Make the Right Management Decisions Choose the battles you are going to win and invest appropriately Stand down on those you are unlikely to win Make the Pursuit and Bid/No-bid Decisions Use a scorecard to evaluate bid opportunities Use a “portfolio approach” to include some lower investment, higher payoff, lower win probability bids to maximize your likelihood of achieving your revenue goals Build your “A list” of programs that you plan to bid and a “B list” of backup programs to bid if an “A list” program is delayed (always have a backup plan to make your revenue number) Measure Your Pursuit Progress and Don’t be Afraid to Shut Down a Pursuit if You are Not Making Real Progress (See Color Mosaic on Next Slide) Get a Running Start on Your Proposal • Start proposal planning & development in anticipation of RFP release, not after the RFP is out Manage Your Workload to Avoid Burnout 14 Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 4: Call the Right Plays (Cont.) 4 Pursuit Decision Scorecard Color code: Blue (excellent), Green (good, but could be better), Yellow (poor and needs much work), and Red (we don’t know how to begin) QUALITATIVE DECISION MODEL Pursuit Decision Factors 1. Strategic Fit Blue 2. Understand the Requirement Green 3. Right Solution Blue 4. Customer Advocacy Green 5. Competition Favorable Yellow 6. Financial Objectives Green 7. Pursuit Investment Green Overall Assessment 15 Color Scale Assessment Light Green Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 5: Emphasize Creating a Winning Solution Winning Bids will Always be “Feature Rich” with Many Strengths, No or Few Weaknesses, and Offer Low Risk Winning solutions are created (engineered), they don’t “just happen” Address all requirements of the RFP (explicitly or implicitly) Link your solution to the goals and objectives of your customer Build features that will be evaluated as proposal strengths (features and benefits) and— 16 Demonstrate high likelihood of mission success Exceed contract requirements whenever practical in a way that is meaningful to the customer “Best Informed Wins.” If you understand the requirement better than your competition, you should be able to offer the best solution Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. 5 Step 5: Emphasize Creating a Winning Solution (Cont.) Capture Management Pre-proposal Preparation 5 Build Solution Development into Your Capture and Proposal Processes Do you have a win laboratory or victory lab as part of your process? Solution Sessions Agree on Your Solution Never start writing your technical or management proposal until you’ve agreed on the solutions and features that you will showcase Focus on Creativity Creativity may be your only real competitive advantage since today’s breakthroughs are tomorrow’s obsolete technology 17 Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 6: Build a Compliant, Responsive, Compelling Proposal 6 Professional Proposals are Expected to be Compliant, Responsive, and Compelling and Convey Your Solution in the Most Favorable Way to Receive the Highest Evaluation Score Make no mistakes in the proposal that cause you to lose points Make it easy to evaluate (score) The battle should be won by having the best solution—assume your competitors’ proposals will be well-written! 18 Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Step 7: Have Fun! 7 People Who Have Fun at What They do are More Engaged, Creative, Productive, and Motivated to Win Always follow these rules: 19 Never criticize the person, only critique the solution or proposal to make it better Encourage innovation, experimentation, and creativity within the framework of your business acquisition process Recognize and appreciate the contributions to success and don’t chastise those who tried hard but didn’t win A happy team builds a culture around winning and your team can become invincible in your competitive market Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. How Well Do You Stack Up? On a Scale of 1 to 4, Rate Your Company in Each of the 7 Factors PEOPLE The Graphic Gives You a Clear Indication of Where You Need to Focus Your Energy 4 3 4 4 2 3 3 2 2 1 1 PROPOSAL 4 3 1 1 1 2 3 1 2 3 4 20 2 4 1 2 3 4 Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. TOOLS APMP Survey shows higher 7-factor scores result in higher win rates •Survey shows on average, a 20% increase in 7-factor scores produces a 20% increase in win rate! Companies Government Market Commercial Market Number of Average 7- Win Rate Number of Average 7- Win Rate companies in factor companies in factor survey score survey score Low 7-factor assessment scores 9 17.89 44.4 6 12.83 41.33 High 7-factor assessment scores 8 21.5 65.3 5 21.2 43.8 19.59 54.4 16.64 42.45 Average US Government contractors had 17% higher 7-factor scores and 28% higher win rates than US companies in the commercial market. 21 Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. Conclusion Presentation slides and 7-Factor Assessment Scorecard are on our website at www.LohfeldConsulting.com http://www.lohfeldconsulting.com/news-knowledge/page/4/ More information about productivity tools can be found in Beth Wingate’s presentation: http://www.lohfeldconsulting.com/newsknowledge/2011/06/appmaven%E2%80%99s-secret-arsenal-tools-andapps-to-achieve-victory-apmp-2011-6-3-11/ Please think of us for capture and proposal support, process development/ implementation, and training. Upcoming training classes (http://www.lohfeldconsulting.com/about/events) 22 December 9, APMP Foundation-level Accreditation, Springfield, VA January 12, APMP Foundation-level Accreditation, Columbia, MD Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved. About Lohfeld Consulting Group www.lohfeldconsulting.com Follow us on Twitter: twitter.com/Lohfeld Lohfeld Consulting Group specializes in helping companies create winning proposals. As the premier proposal services consulting firm focused exclusively on government markets, we provide expert assistance to government contractors in Capture Planning and Strategy, Proposal Management and Development, Capture and Proposal Process and Infrastructure, and Training. Contact Bob Lohfeld CEO of Lohfeld Consulting Group Email: [email protected] Tel: (410) 336-6264 www.lohfeldconsulting.com 23 Copyright 2011 Lohfeld Consulting Group, Inc. All rights reserved.
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