The Decision Criteria is the sets of principles, guidelines and requirements which an organization uses to make a decision.
Sometimes the Decision Criteria exists in a physical form where the customer has taken time to construct the specification of their requirements. However, more frequently the Decision Criteria will be an informal understanding across stakeholders.
An exception to this is, of course, if the customer has created criteria set out in an RFI or RFP process where the Decision Criteria plays a large part of the specification in which the seller will be asked to respond to.
It is important that sellers establish early on whether a Decision Criteria exists and if not they set about on the task of helping their customers to establish and articulate one.
Elite sellers know that influencing the Decision Criteria is one of the best strategies to help them take advantage of any competitive differentiation they have.
The Three Types of Decision Criteria
You can generally define the Decision Criteria into three different types:
- Technical – Does your solution technically meet the requirements to make it feasible for the requirements outlined?
- Economic – Matters relating to how viable your solution is from a perspective of finance, risk and efficiency.
- Relationship – How closely do the values and direction of the two organization’s align?
How important each part of the Decision Criteria is will depend on the organization you are selling to and which stakeholder inside of it you are dealing with. For example, the CTO/CIO is going to be vastly more interested in the technical, Decision Criteria than the CFO who is more likely to be interested in the Economic part of the Decision Criteria.
Within MEDDICC – The Book we dive into each type of the Decision Criteria in-depth, complete with strategies you can deploy to get on top and stay on top at every stage of the sales process.
Decision Criteria and your Sales Process
Summary Snapshot of in the sales process:
- Early-Stage: Do you have a Decision Criteria? What is it? What has influenced it? How can you influence it?
- Mid-Stage: Do all stakeholders know the Decision Criteria and how you uniquely solve against it? How do you score?
- Late-Stage: Do you have consensus that you solve the Decision Criteria better than anyone else? If not what are you doing to solve that?
Summary of Decision Criteria
The Decision Criteria is a critical part of your customers Decision Process. Whether they have a Decision Criteria formalized you have to be involved it is imperative that you get your hands wrapped around it to understand and where possible influence it.
This page is a super-condensed definition of the Decision Criteria. For full insight, strategies, tips and hacks on how to use the Decision Criteria in your MEDDPICC / MEDDICC / MEDDIC Framework be sure to buy MEDDICC – The Book.
MEDDIC – THE BOOK
AVAILABLE FROM 2ND DECEMBER
The book deconstructs MEDDICC into easy to understand and implement steps. Breaking down every letter of the acronym into actionable insights complemented by commentary on how MEDDICC can help sales organizations to revolutionize their sales execution and efficiency
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‘MEDDICC – The Book’ Sneak Peak!
The Decision Criteria is covered in ‘MEDDICC – The Book’ in great detail. There are sections on:
- Establishing the Status of the Decision Criteria
- What to do if your Customer has Established a Decision Criteria
- What to do if there is no Clearly Established Decision Criteria
- The Three Types of Decision Criteria
- The Technical Decision Criteria
- The Technical Decision Criteria and RFP’s
- The Economic Decision Criteria
- The Relationship Decision Criteria
- How to Influence the Decision Criteria
- Working with Practical Decision Criteria
- How to Prevent your Competition Influencing the Decision Criteria
- How to turn Vague Decision Criteria’s into Visible Decision Criteria
- How to link the Decision Criteria to your Metrics
- How to score yourself against the Decision Criteria
- How to build a business case for the Decision Criteria
- How to build an Executive Summary that includes the Decision Criteria
- How to build a Decision Criteria document for your customer
- How to work with Procurement on the Decision Criteria
- How the Decision Criteria works in your sales process
- Complete with examples, tips and hacks throughout.