The KPMG WAY:
Developing Business Development Capabilities, Skillset & Mindset
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Enhance business development (BD) capabilities by embedding a consistent BD coaching framework across KPMG member firms globally.
KPMG faced an exciting challenge: How do you transform intelligent, detail-oriented accountants into entrepreneurial opportunity finders? By improving their internal business development (BD) capabilities!
Business development, encompassing ideas, initiatives, and activities that make a business better, is crucial for identifying new opportunities, entering new markets, and expanding products or services. People skilled in BD are strategic, enjoy making big decisions, and thrive on fostering partnerships and increasing organizational profitability.
BD includes a sprinkle of sales, a dash of marketing, a huge dollop of ideas, and ample time, energy, research, and management. KPMG hypothesized that BD is a skill that can be cultivated.
SHFT Happens Role
SHFT Happens was invited to support the development and global rollout of the framework. After first successfully enhancing the BD capabilities, skills, and mindset of their 180,000 employees KPMG planed to offer this BD framework as a service to clients, leveraging their expertise to drive growth and profitability beyond their organization.
The KPMG WAY Coaching Program aims to align formal business development (BD) coaching with the KPMG WAY framework, fostering a client-centric culture and supporting behavioral change. The initiative targeted improving confidence and capability, thereby enhancing client engagement and business growth.
Developing the BD Coaching Framework
At SHFT Happens, our journey with the KPMG WAY Coaching Program began by laying a solid foundation. We conducted thorough due diligence to understand the existing coaching practices across KPMG member firms. Our goal was to identify strengths and gaps, allowing us to define a globally consistent BD coaching methodology. This meticulous process resulted in the creation of a comprehensive toolkit for local adoption, ensuring that each member firm could implement the coaching framework effectively and uniformly.
Defining BD Skills and Measurements
Recognizing the importance of robust assessment, KPMG and SHFT Happens focused on defining and measuring BD skills and mindset. This involved a two-step approach: level setting and continuous measurement.
Designing Training and Support Materials
We then developed training and support materials to facilitate the program's rollout. This included the Global Adoption and Communication Strategy, the content, facilitator guides and participant workbooks etc. Additionally, we crafted templates and worksheets to support the coaching methodology, providing coaches with the necessary resources for effective delivery. To streamline access, we established a portal for resource sharing, creating a centralized hub for all materials and guidance.
Driving Adoption and Engagement
Our role extended beyond development to actively driving adoption and engagement. We led workshops to introduce the BD Coaching framework, ensuring all stakeholders were well-versed in the new methodologies. To foster a culture of continuous improvement, we activated a network of BD coaching champions who promoted best practices within their teams. Regular webinars and community events further supported the program rollout, maintaining high levels of engagement and support.
Implementation Phases
The implementation of the KPMG WAY Coaching Program was structured into several phases:
Due Diligence: We collected information on current coaching programs and identified key issues such as inconsistent coaching approaches and the lack of formal frameworks. This comprehensive analysis informed the subsequent phases of the project.
Definition: We established clear objectives for the BD Coaching Program and secured commitments from the BD network for program validation. This alignment with KPMG's strategic initiatives was crucial for the program's success.
Design: We formulated a global coaching methodology and designed the activation and deployment strategy. Validation with the BD network and executive teams ensured the framework met all stakeholders' needs and expectations.
Development: We created all supporting materials and deployment guidance, and developed a BD Coaching Community for continuous improvement and support among coaches.
Deployment: We rolled out the program globally, starting with initial pilots, and launched it through a series of workshops and WebEx sessions, ensuring smooth and effective implementation.
Client Engagement and Relationship Building
Our approach to client engagement was comprehensive and strategic. We engaged with clients across diverse industries, from startups to multinational enterprises, to understand their needs and introduce KPMG's expertise. By targeting new clients and nurturing existing relationships, we enhanced service line penetration, ensuring KPMG's offerings met the evolving needs of the market.
Strategic Sales Management
Collaborating with Sector and Client Lead Partners, we devised and executed targeted plans for fostering relationships and optimizing revenue generation. Implementing effective sales processes, including pricing strategies and negotiation techniques, we ensured successful conversions and maximized revenue potential.
Knowledge Sharing and Coaching
We provided coaching on sales and proposal best practices, fostering a culture of continuous improvement within the team. By sharing insights and market intelligence, we deepened the understanding of client needs and emerging trends, empowering KPMG's professionals to deliver exceptional client experiences.
Stakeholder Engagement
Cultivating strong relationships with internal stakeholders, including Sector/Service Line Lead Partners and Client Lead Partners, was vital. We ensured seamless coordination across all KPMG capabilities to deliver integrated solutions to clients, reinforcing the value of a unified approach.
Through our strategic involvement, SHFT Happens played a vital role in embedding a consistent BD coaching framework within KPMG. This initiative significantly contributed to fostering a client-centric culture, enhancing KPMG's business development capabilities globally, and driving meaningful engagement with clients. Our comprehensive approach ensured that KPMG professionals were well-equipped to deliver exceptional client experiences and drive business growth.