What is Sales Training: A Comprehensive Guide
Understanding the complexities of sales training and addressing common questions can help organizations make informed decisions about their training investments. From selecting the right programs and integrating training into daily workflows to leveraging technology and measuring effectiveness, a well-rounded approach ensures that sales training delivers meaningful results. By staying informed about the latest trends and best practices, companies can better equip their sales teams to navigate the challenges of the market and drive sustained success.
In This Guide
- What is Sales Training?
- Benefits of Sales Training
- Effective Sales Training Framework & Systems
- Key Components of Sales Training
- Best Sales Training Programs for Companies
- Sales Skills Built Through Training
- How to Build the Business Case for Sales Training
- Building a Sales Training Curriculum
- Common Sales Training Challenges
- Checklist for Sales Training Success
- Sales Training Tools and Technology
- Sales Training KPIs & Success Metrics
- The Future of Sales Training
- Frequently Asked Questions about Sales Training
What is Sales Training?
Sales training is a process that equips salespeople with the selling skills, capabilities, and methodology they need to effectively engage with buyers throughout the opportunity pursuit.
Salesman training involves role-based sales education on specific selling capabilities, skills (e.g. negotiations, prospecting, account management, and sales coaching) and sales techniques, how to understand customer needs, and build relationships to close deals successfully. It might also cover sales methodology and approach, proper usage of sales tools and technology, sales process, and pursuit strategies. Effective sales training is not just about selling more products but also about creating value for customers and building long-term relationships.
Investing in training for sales teams is proven to improve sales productivity, customer satisfaction, forecasting, and revenue.
Benefits of Sales Training
Sales training offers numerous benefits that can significantly impact a company’s success. First and foremost, it improves sales performance. When sales teams are well-trained, they are better at closing deals, which directly leads to increased revenue for the company. This means that the time and effort put into training can pay off in the form of higher sales numbers.
Another major benefit is the enhancement of customer relationships. Sales training teaches professionals how to effectively communicate and build trust with customers. This leads to stronger and longer-lasting relationships, which can result in repeat business and customer loyalty.
Additionally, well-trained salespeople tend to be more confident in their abilities. This confidence translates into higher job satisfaction, as employees feel more capable and successful in their roles. Happy and confident employees are more likely to stay with their company for a longer period, reducing turnover and the costs associated with hiring and training new staff.
Moreover, companies with well-trained sales teams gain a competitive advantage. These teams can stand out from competitors by being more knowledgeable, professional, and effective in their sales approaches. This differentiation can attract more customers and increase market share.
Finally, consistent training ensures that all members of the sales team are on the same page. Everyone conveys the same message and value proposition to customers, which helps maintain a cohesive brand image and reduces the risk of miscommunication or mixed messages. This consistency is crucial for building a strong, reliable reputation in the marketplace.
Effective Sales Training Framework & Systems
A sales training framework, also known as a sales training system, provides a systematic way to upskill sales representatives across roles and levels of expertise. Building a sales training solution anchored in an effective framework helps ensure consistent performance improvement across the organization.
An effective sales training framework will include the following components:
Assessment and Analysis
- Needs Assessment: Identifies the skills and knowledge gaps within the sales team through surveys, interviews, and performance data analysis.
- Role Definition: Clearly defines the roles and responsibilities of each sales position to tailor training programs accordingly.
Goal Setting
- Performance Metrics: Establish clear, measurable goals and KPIs (Key Performance Indicators) for the sales team.
- Individual Development Plans: Create personalized development plans for each team member based on their strengths, weaknesses, and career aspirations.
Curriculum Development
- Core Competencies: Develop a curriculum to strategically close the most critical skill gaps affecting the seller’s ability to lead sales conversations, and create, capture & grow business. This may include a focus on building skills around prospecting, lead qualification, presentation, negotiation, and closing.
- Advanced Skills: Include training on advanced topics like strategic selling, forecasting, channel partner management, or accessing stakeholders.
- Soft Skills: Incorporate training on communication, emotional intelligence, and relationship-building.
Training Methods
- In person Training: Conduct in-person or virtual workshops and seminars.
- Digital learning: Utilize online courses, webinars, and interactive modules for self-paced learning.
- Role-Playing: Implement role-playing scenarios to simulate hyper-relevant sales situations and practice responses.
- On-the-Job Training: Provide opportunities for hands-on experience through field coaching, shadowing and mentoring programs.
Tools and Resources
- Sales Playbooks: Create comprehensive guides that outline sales processes, scripts, objection handling techniques, and best practices.
- Technology: Equip the sales team with CRM systems, sales enablement tools, and analytics software to enhance productivity and performance.
Coaching and Mentoring
- Regular Coaching: Schedule regular one-on-one coaching sessions and use data to provide personalized feedback and support.
- Mentorship Programs: Pair less experienced sales reps with seasoned mentors to foster knowledge transfer and professional growth.
Continuous Learning and Development
- Ongoing Training: Offer continuous learning opportunities through training technology and adaptive workflow tools.
- Knowledge Sharing: Promote a culture of continuous improvement by encouraging team members to share insights, experiences, and best practices.
Performance Evaluation
- Regular Assessments: Use data and self-reporting to ensure constant evaluation of the effectiveness of the training and the progress of individual team members.
- Knowledge Sharing: Implement feedback mechanisms to gather input from the sales team and make necessary adjustments to training goals.
Recognition and Incentives
- Achievement Recognition: Acknowledge and reward high performers through incentives, awards, and career advancement opportunities.
- Motivation Programs: Develop programs to keep the sales team motivated and engaged, such as contests, team-building activities, and recognition events.
Review and Improvement
- Program Review: Regularly review and update the training framework to ensure it aligns with the evolving needs of the market and the organization.
- Continuous Improvement: Use data and feedback to continuously refine and enhance the training programs.
Implementing a robust sales training framework helps build a high-performing sales team that can drive consistent results and adapt to changing market conditions.
Watch the video below to learn about Richardson’s Accelerate Sales Performance System
Key Components of Sales Training
Sales training is essential for equipping sales teams with the skills and knowledge they need to effectively sell products or services.
Key components of sales training typically include:
- Comprehensive Curriculum: An effective sales training solution supports capability building across all aspects of selling to ensure sellers have the agility to help their customers navigate the buying journey with confidence.
- Customization: All sales training should be customized for the role being trained, the industry the sellers work in, and the customers being served. This makes the content more relevant, engaging, and impactful.
- Personalization & Adaptability: The best sales training solutions include options for personalization. Every seller is different so they need training that helps them close their specific gaps and is adaptable to evolve with them throughout the learning journey.
- Practical Application: The best sales training programs include opportunities for participants to apply what they've learned through role-playing, simulations, and real-world exercises. They also incorporate tools that embed learning and best practices into the seller's regular flow of work.
- Ongoing Support and Reinforcement: Sales training should not be a one-time event. Continuous learning and reinforcement through coaching, new skill development, and refresher courses are essential for long-term success.
- Continuous Measurement: Effective sales training programs have clear objectives and use real-time metrics to measure success. This includes tracking improvements in sales performance, customer satisfaction, and other key indicators.
Effective sales training programs are typically tailored to the specific needs of the organization and its sales team, ensuring that training is relevant, practical, and directly applicable to their roles.
Best Sales Training Programs for Companies
When selecting the best sales training for your company, it's essential to consider attributes that ensure the training aligns with your business goals and addresses the specific needs of your sales team.
In addition to defining company-specific requirements look for solutions that meet the following table stakes:
Comprehensive and Customizable Content: Effective sales training should offer a wide range of courses that can be tailored to meet the unique needs of your sales team. Customizing sales training allows for targeted, personalized training that addresses specific skills gaps and aligns with your company's sales strategy.
Focus on Relationship-Building and Communication: Successful sales training programs emphasize the importance of building strong relationships with customers. Training that develops communication skills helps salespeople connect more effectively with clients, fostering trust and facilitating better customer interactions.
Flexible Delivery Methods: The best sales training programs offer online and in-person options. This flexibility allows companies to choose the most convenient and effective sales training delivery method(s) for their team, accommodating different learning preferences and schedules.
Diverse Training Formats: Comprehensive sales training should deliver instruction across a variety of learning formats such as video content, role-play, gamification, written content, sustainment activities, workflow application instruction, and interactive exercises. This diversity helps to embed learning.
Industry-Specific Training: Programs tailored to specific industries can provide more relevant and practical training. By focusing on industry-specific challenges and best practices, these programs help sales teams apply what they learn directly to their roles.
Building Effective Sales Processes: Sales training should not only focus on individual skills but also on developing effective sales processes. This includes training on creating and managing sales pipelines, using CRM systems and other selling tools efficiently, and implementing strategic sales methodologies that align with the company's goals.
Improving Sales Skills Across the Buying Journey: Good sales training should enhance a wide range of skills, from prospecting and lead generation to negotiation and closing techniques. It should also cover post-sale activities like follow-up and customer retention to ensure a holistic approach to sales excellence.
By choosing a sales training program that embodies these attributes, companies can ensure their sales teams are well-equipped to perform at their best, driving growth and achieving sustained success.
Sales Skills Built Through Training
Training develops a broad range of selling skills that drive sales performance and success. They build critical competencies needed to achieve and exceed organizational goals.
Training that focuses on skills like managing channel partners, handling tenders and RFPs, optimizing sales pipelines, forecasting accurately, and utilizing sales tools effectively helps sales reps learn how to meet selling standards. Training emphasizing skills like guiding the buying journey, qualifying opportunities, adhering to consistent sales processes, and integrating technology to enhance customer interactions helps reps master an agile selling methodology. Training on how to create new business is supported by building sales skills in areas like understanding the market, optimizing territory coverage, analyzing prospecting data, targeting ideal prospects, and leveraging social media for engagement. Training on skills for capturing business often includes instruction on diagnosing customer needs, tailoring solutions, maintaining product knowledge, positioning solutions, and effective negotiation. Training for growing business with existing customers is facilitated through building skills in cross-selling, upselling, finding customer white space, and developing strategic account plans. Training that helps reps lead effective sales meetings focuses on collaboration, preparation, and owning meeting outcomes.
Sales skills training programs also enhance conversational agility, including projecting confidence, building rapport, asking insightful questions, presenting compelling information, and active listening. Managing difficult buyer conversations is addressed through training in resolving objections, managing price changes, handling risks, and leading challenging discussions.
Finally, stakeholder management skills are improved through training in engaging executives, executing coverage strategies, driving consensus, analyzing stakeholder dynamics, and building key relationships.
Overall, selling skills training equips teams with the necessary skills to improve performance and maintain a competitive edge in the market.
How to Build the Business Case for Sales Training
Building a compelling case for investing in sales training is crucial for securing buy-in from decision-makers and ensuring the successful implementation of the program.
Sales training can be a significant investment, and it’s important to present a strong argument that demonstrates its value and potential impact on the organization.
Here’s a structured approach to building a persuasive case for sales training:
Identify Pain Points
Start by pinpointing the specific challenges and gaps in your current sales process. This could include issues like low conversion rates, lengthy sales cycles, high employee turnover, or inconsistent sales performance across teams. By clearly articulating these pain points, you create a strong foundation for why sales training is necessary. Use data and feedback from sales teams to highlight these problems, showing that they are not isolated incidents but systemic issues that can be addressed through targeted training.
Show ROI
Next, present data on the potential return on investment (ROI) from improved sales performance. This involves demonstrating how sales training can lead to measurable improvements in key performance indicators such as increased sales revenue, higher win rates, and better customer retention. Use financial projections and benchmarks to illustrate the potential gains. For instance, if past training initiatives led to a significant boost in sales metrics, showcase these results to provide concrete evidence of the benefits. By quantifying the expected ROI, you help stakeholders understand the financial value of investing in sales training.
Gather Support
Securing buy-in from key stakeholders and leaders within the organization is essential for the success of the training program. Engage with decision-makers early in the process and present your case in a way that aligns with their priorities and concerns. Highlight how the training aligns with the company's strategic goals and addresses the specific challenges they face. Building a coalition of supporters who understand and advocate for the benefits of sales training can significantly increase the likelihood of approval and successful implementation.
Provide Examples
Utilize case studies and success stories from other companies to reinforce your argument. Showcasing examples of how similar organizations have successfully implemented sales training programs and achieved positive results can be highly persuasive. These real-world examples demonstrate that the proposed training approach has been tested and proven effective in other settings. Highlighting success stories can also provide practical insights and inspire confidence in the proposed training solution.
Develop a Plan
Finally, outline a clear plan for implementing and measuring the sales training program. This plan should include details on the training objectives, the methods and tools to be used, the timeline for rollout, and how the effectiveness of the training will be measured. Specify key performance indicators (KPIs) and benchmarks to track progress and assess the impact of the training. A well-structured plan shows that you have thoughtfully considered how to execute the training and ensures that you can demonstrate its value over time.
Building a Sales Training Curriculum
Creating an effective sales curriculum is essential for developing a skilled and knowledgeable sales team. A well-structured curriculum ensures that all necessary skills and knowledge areas are covered systematically and comprehensively. Here’s how to build a robust sales curriculum:
Identify What Good Looks Like: Determine the most revenue-relevant skills and knowledge areas that need to be covered by role and define the metrics that indicate success in those areas.
Structure the Content: Organize the content into digestible modules that build upon each other. This structured approach ensures foundational skills are established before more advanced concepts are introduced, providing a logical progression for learners.
Utilize Blended Learning Approaches: Combine in-person training with digital modules to offer flexibility and accommodate different learning preferences. This approach allows for a more dynamic and accessible training experience.
Incorporate Mentorship and Peer Learning: Encourage peer learning to facilitate knowledge sharing, real-time feedback, and practical insights that can enhance the learning process.
Include Hands-On Practice: Provide opportunities for salespeople to apply their learning through hands-on practice, such as live sales calls, client meetings, and role-playing exercises. This practical application helps reinforce skills and build confidence.
Make Sales Training “Always On”: Provide sellers with personalized recommendations for ongoing skill development focused on helping them continuously close gaps affecting their bottom-line performance.
By following these steps, companies can build a comprehensive and effective sales curriculum that equips their sales team with the skills and knowledge needed for success. A well-designed curriculum not only enhances individual performance but also contributes to the overall growth and effectiveness of the sales organization.
Common Sales Training Challenges
Implementing an effective sales training program can be a complex task, as it comes with several inherent challenges. Addressing these challenges is crucial for ensuring that the training is impactful and delivers the desired results. Here are some common challenges faced in sales training and how to overcome them:
- Resistance to Change: Salespeople may be resistant to new methods or techniques. This resistance can stem from a comfort with established practices or skepticism about the effectiveness of new approaches. To overcome this, it’s important to clearly communicate the benefits of the new methods, provide evidence of their success, and involve salespeople in the development process to increase buy-in.
- Time Constraints: Finding time for training in a busy sales schedule can be challenging. Salespeople are often focused on meeting targets and may view training as a distraction. To address this, training sessions can be broken into shorter, more manageable segments, and delivered in hybrid formats, allowing sales reps to train when its convenient for them.
- Maintaining Engagement: Keeping participants engaged, especially in long training sessions or online programs, can be difficult. Engagement can be enhanced by making the training meaningful for the seller. This can be done by connecting the benefits of skill development to their revenue results. Engagement can be further enhanced by incorporating interactive elements such as discussions, role-plays, gamification, and real-world scenarios into training content.
- Effective Measurement: Ensuring training translates into improved performance is crucial. This can be a challenge because the impact of training has traditionally been difficult to quantify. Setting clear, measurable goals before training begins, and using real time data to track progress and performance before, during, and after training can help in evaluating effectiveness.
- Lack of Relevancy: Tailoring training to meet the specific needs of different sales teams and individuals is essential but can be complex. Different sales roles, products, and markets require different skills and knowledge. Personalization can be achieved by connecting individual performance data from selling tools and needs assessments to modular training content mapped to the skills that drive improvements against key performance areas helps to overcome this challenge.
Successfully navigating these challenges requires a thoughtful approach and a commitment to continuous improvement. By addressing resistance to change, managing time constraints, maintaining engagement, measuring effectiveness, and ensuring customization, companies can a develop robust sales training system that drives significant improvements in sales performance and business success.
Checklist for Sales Training Success
To ensure your sales training program is effective, use this checklist to guide your planning and implementation:
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By following this checklist, you can prove a sales training that is effective, engaging, and continuously evolving to meet the needs of your sales team. Ensuring the training is relevant to their everyday work, connected to successful business outcomes, integrated with real-world data, incorporated into the everyday workflow, and optimized for time will further enhance its impact and value.
Sales Training Tools and Technology
Using the right tools and technology can enhance sales training outcomes. These technologies streamline the training process, provide insight into the real-world effectiveness of training, and ensure that sales reps are continuously applying best practices in their customer interactions.
Here are some essential sales training tools and technologies:
- Learning Management Systems (LMS): LMS platforms provide a centralized location where training materials, assessments, and progress tracking can be easily accessed and monitored. Examples include platforms like Moodle, Blackboard, and TalentLMS.
- Mobile Reinforcement Tools: Mobile reinforcement enables salespeople to refresh and reinforce their new skills on the go, providing flexibility and convenience. This approach ensuress new skills stick even the busiest members of the sales team. Richardson’s Accelerate Sales Performance System offers this quick reinforcement with a simple email a day!
- Performance Analytics: Performance analytics tools measure and analyze the effectiveness of training programs. They provide insights into how well sales training is working and where additional improvements can be made. Accelerate Insights is the component of Richardson’s Accelerate Sales Performance system that connects your data across the RevTech stack to provide a comprehensive view of the impact capability development has on field performance.
- Sales Enablement Tools: These tools provide resources and support to help sales teams improve their effectiveness. Enablement tools such as Highspot, Seismic, and Showpad offer features like content management to ensure sales teams have the information they need to advance the sale . Call recording software, such as Gong and Chorus.ai, is also essential for analyzing sales calls and providing feedback to improve sales techniques and communication skills.
- Customer Relationship Management (CRM) Tools and Applications: CRM tools are essential for managing customer interactions and data throughout the customer lifecycle. They help sales teams organize information, automate tasks, and analyze customer data. Popular CRM tools like Salesforce, HubSpot, and Zoho CRM are integral to sales training as they teach salespeople how to leverage these systems effectively.
- Workflow Tools: Workflow tools help streamline sales processes, making it easier for sales teams to follow best practices and stay organized. These tools can include project management software, communication platforms, and task automation tools. Examples are Trello, Asana, and Slack, and Richardson’s CRM-enabled workflow tools which help integrate best practices learned in training into daily workflows.
Integrating these technologies into your sales training strategy, you can ensure that your sales team is well-prepared to meet the challenges of today's competitive market.
Sales Training KPIs & Success Metrics
Evaluating the effectiveness of sales training programs is critical to ensure they are delivering the desired outcomes and ROI. Key Performance Indicators (KPIs) and success metrics provide quantifiable data to measure progress and make informed decisions for continuous improvement.
Here are some essential KPIs and success metrics to consider:
- Win Rate: The percentage of deals closed versus the total number of deals pursued. An increase in win rate indicates that the sales team is more effective at closing deals, likely due to improved skills and strategies learned during training.
- Quota Attainment: The percentage of salespeople meeting or exceeding their sales quotas is a critical measure of training success. Higher quota attainment rates suggest that the training is helping salespeople achieve their targets more consistently.
- Time to Productivity: The time it takes for new sales hires to become fully productive. Effective training should reduce this time, enabling new hires to contribute to sales goals more quickly.
- Attrition: Lower attrition rates within the sales team can indicate that training programs are improving job satisfaction and engagement. Retaining skilled salespeople reduces the costs and disruptions associated with high turnover.
- Customer Satisfaction: Improvements in customer feedback and retention rates can indicate that the sales team is better at building and maintaining customer relationships. Customer satisfaction scores (CSAT), Net Promoter Score (NPS), and customer retention rates are valuable metrics to monitor.
- Contact Value: The average value of each customer contact or interaction. Higher contact values suggest that salespeople are more effective in their engagements, likely due to improved techniques and confidence gained through training.
- Profitability: Increased profitability per deal or overall sales profitability indicates that the training is helping salespeople sell more effectively and efficiently, often by focusing on higher-margin products or upselling and cross-selling strategies.
- Pricing: This metric evaluates the ability of salespeople to maintain or increase pricing during negotiations. Training that enhances negotiation skills should result in fewer discounts and higher average sales prices.
- Sales Cycle: The length of the sales cycle from initial contact to closing a deal is another important metric. Effective training can shorten the sales cycle by equipping salespeople with better techniques for progressing deals through the pipeline more quickly.
- Employee Engagement: Higher levels of engagement and satisfaction among sales team members can suggest that the training is motivating and empowering them. Employee engagement surveys, retention rates, and participation in training sessions can provide insights into the impact of training on team morale and commitment.
- Training Completion Rates: The percentage of participants who complete the training is an important metric. High completion rates can indicate that the training is well-received and that participants are committed to enhancing their skills. Low completion rates might suggest issues with the training content, format, or delivery method.
- Skills Improvement: Measurable improvements in specific sales skills and competencies are crucial. Pre- and post-training assessments, skills tests, and practical evaluations can help quantify skill development. Look for improvements in areas such as product knowledge, communication, negotiation, and closing techniques.
The Future of Sales Training
The landscape of sales training is evolving at a rapid pace, driven by advancements in technology and a deeper understanding of effective learning methods. As companies strive to stay competitive and adapt to ever-changing market conditions, several emerging trends are shaping the future of sales training.
Personalization is becoming a cornerstone of effective training programs. Gone are the days of one-size-fits-all approaches. Instead, the focus is shifting towards creating personalized training experiences that cater to individual needs. This means leveraging data and analytics to tailor content to the unique strengths and areas for improvement of each salesperson. Personalized training ensures that every team member receives the most relevant and impactful information, which leads to more effective learning outcomes and enhanced performance.
Another significant trend is the integration of advanced technologies into training programs. Technologies such as artificial intelligence (AI) and virtual reality (VR) are set to play a major role in the future of sales training. AI, in particular, is revolutionizing the training landscape by offering highly sophisticated capabilities. AI-powered systems can analyze vast amounts of data to provide personalized learning experiences, adapt content in real time based on individual performance, and even predict areas where a salesperson may need additional support. This level of customization ensures that training is more relevant and effective for each learner.
Adaptive learning is a key advancement in this space, which takes personalization to the next level. Adaptive learning systems use algorithms and data to adjust the training content and pace according to the learner's performance and needs. This means that if a salesperson is struggling with a particular concept, the system will provide additional resources and practice opportunities in that area. Conversely, if a salesperson is excelling, the system can accelerate their learning path. This dynamic approach ensures that each learner is receiving the optimal level of challenge and support, making training more effective and efficient.
The concept of microlearning is also gaining traction. Microlearning involves breaking down complex topics into short, focused modules that can be accessed on-demand. This approach is particularly beneficial for busy sales professionals who need to fit training into their hectic schedules. Microlearning not only facilitates easier absorption of information but also supports continuous learning and reinforcement of key concepts over time.
Social learning is another evolving trend that leverages the power of collaboration and peer interaction. By utilizing social media and internal collaboration tools, sales teams can share knowledge, best practices, and experiences in real-time. Platforms like LinkedIn, Slack, and company-specific forums enable salespeople to learn from each other, fostering a collaborative and supportive learning environment. This approach not only enhances individual learning but also strengthens team cohesion.
An emerging trend that complements these advancements is always-on training. This approach ensures that learning is not confined to scheduled sessions but is continuously available. Always-on training provides sales teams with on-demand access to learning resources, enabling them to refresh their skills, access new content, and receive support whenever needed. This continuous access is particularly valuable for keeping up with the latest sales techniques, product updates, and market trends. It allows salespeople to learn at their own pace and integrate learning into their daily routines, making it a seamless part of their workflow.
Finally, the future of sales training is increasingly becoming data-driven. The use of data and analytics to evaluate and improve training effectiveness is becoming standard practice. By monitoring metrics such as participation rates, engagement levels, and performance outcomes, companies can gain valuable insights into what aspects of their training programs are working and what areas need adjustment. This data-driven approach allows for ongoing optimization of training initiatives, ensuring they remain relevant and impactful.
As we look to the future of sales training, it is clear that personalization, technological innovation, adaptive learning, microlearning, social collaboration, always-on access, and data-driven strategies will play pivotal roles. The integration of AI into these trends will further enhance the effectiveness of training programs by offering deep insights, personalized experiences, and real-time adjustments. These advancements promise to make training programs more effective, engaging, and aligned with the needs of modern sales teams. By embracing these trends, companies can better equip their salespeople to navigate the complexities of today’s market, ultimately driving sustained success and growth.
Investing in sales training is essential for companies looking to improve their sales performance and gain a competitive edge. By choosing the right training programs and focusing on continuous improvement, sales teams can enhance their skills, build stronger customer relationships, and achieve greater success. Whether through in-person sessions, online courses, or customized corporate programs, effective sales training provides the foundation for sustained growth and profitability.