It is assumed that the value perception of a product lies in the product features, workmanship etc. which is proved otherwise in this example. Recently I was conducting training programs for the Pan-India Sales Team of Bharat Fritz Werner (BFW). The topic was Effective Value Selling of Capital Equipments . BFW is a renowned manufacturer of Machining Centres, Special Purpose Machines, Turning Cenres, Lathes etc. Murali, one of the Sales Engineers who is an expert in lathes for the last 15 years; narrated an interesting example. While working for Batliboi, his previous company, he used to approach a company called Priyanka Enterprises in Coimbatore. Mr. Ulaganathan who used to make automobile components had upgraded from a normal lathe to a CNC lathe so as to cope with the increased volumes. A sales engineer from a CNC Turninng Company convinced him to go for one. By his misfortune, the new machine failed to deliver as per his expectations and Ulaganathan was repenting fo
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