Tom works for a large payroll outsourcing firm. One of his key customer’s contra
ID: 2716456 • Letter: T
Question
Tom works for a large payroll outsourcing firm. One of his key customer’s contracts is set to expire in one month. Competition has heated up in this industry and Tom’s customer asked him to make a presentation to the top management team about his firm’s services. In his presentation, he thanked the customers for their loyalty, talked about industry trends, highlighted how his firm has been successfully serving firms for decades (unlike the new players in the market), and then asked them to renew their business again by showing them pricing options. Tom didn’t get the contract renewed and wonders if his presentation had anything to do with it. Which of the following actions should Tom do in order to IMPROVE his future presentations?
Select: 1
Spend less presentation time thanking the customer for his/her loyalty.
Assume the customer will renew and present pricing options upfront.
Spend more time talking about the competitions’ low quality services.
Provide arguments that his firm can meet the customer’s specific need
Explanation / Answer
Provide arguments that his firm can meet the customer’s specific need:
It is quite possible that the current presentation didnot address the spedific need that customer might be expecting, hence the firm lost the contract. Tom should try to address the specific need of customers in his future presentations.