Sales Management Midterm Reviewer

You might also like

Download as doc, pdf, or txt
Download as doc, pdf, or txt
You are on page 1of 4

SALES MANAGEMENT  VALENCES FOR growth, and self-worth, all

MIDTERM REVIEWER REWARDS- are the of which relate to high-


salesperson's perceptions order human needs.
CHAPTER 6: SALESPERSON of the desirability of
PERFORMANCE: BEHAVIOR, receiving increased  JOB SATISFACTION-
ROLE PERCEPTIONS AND rewards as a result of refers to all the
SATISFACTION improved performance. characteristics of the job
that representatives find
 APTITUDE FOUR BASIC TYPES OF rewarding, fulfilling, and
COMPONENT- BEHAVIOR (Organizational satisfying, or frustrating
constraint on the person's Citizenship Behaviors) and unsatisfying.
ability to perform the sales
job. 1. SPORTSMANSHIP- is an SEVEN DIFFERENT
enthusiasm on the salesperson's DIMENSIONS TO SALES JOB
 SKILL-LEVEL part to endure suboptimal SATISFACTION
COMPONENT- refers to conditions without complaining to
the individual's learned superiors or other salespeople. 1. The job itself
abilities as interpersonal 2. Coworkers
skills, leadership, technical 2. CIVIC VIRTUE- is a proactive 3. Supervision
knowledge and behavior that includes making 4. Company policies and Support
presentation skills. recommendations to management 5. Pay
that will improve the overall 6. Promotion and advancement
 MOTIVATION performance of the organization. opportunities
COMPONENT 7. Customers
3. CONSCIENTIOUSNESS- is
 Motivation is viewed the willingness to work beyond the STAGES IN DEVELOPING
as the amount of effort "normal" expectations of the job. THE SALESPERSON's ROLE
the salesperson desires
to expend on each 4. ALTRUISM- refers to helping STAGE 1: Role Partners
activity or task others in the organization Communicate Expectations
associated with the
TWO BROAD TYPES OF STAGE 2: Salespeople Develop
job.
REWARDS Perceptions
 EXPECTANCIES- are 1. EXTRINSINC REWARDS
the salesperson's estimates STAGE 3: Salespeople Convert
of the probability that Perception into Behaviors
 are those controlled
expending effort on a and offered by people
specific task will lead to other than the
improved performance on salesperson.
some specific dimension.
CHAPTER 7: SALESPERSON
 Such as pay, financial
 VALENCES FOR PERFORMANCE:
incentives, security,
PERFORMANCE- are MOTIVATING THE SALES
recognition and
the salesperson's FORCE
promotion
perceptions of the
The Psychological Process of
desirability of attaining  Rewards that are
Motivation
improved performance on generally related to
some dimension/s low-order human  view motivations as an
needs individual's choice to:
 INSTRUMENTALITIES
- are the salesperson's 2. INTRINSIC REWARDS 1. initiate action on a
estimates of the certain task
probability that improved  are those that salespeople
primarily attain for 2. expend a certain
performance on that amount of effort on
dimension will lead to themselves.
that task
increased attainment of  Such things as feelings of
particular rewards. accomplishment, personal
3. persist in expending and rewards for levels of retaining the present
effort over a period of performance position, status, and
time performance level within
• MAGNITUDE OF the sales force, all of
A salesperson's motivation to INSTRUMENTALITIES- is the which are likely to be
expend effort on a given task is firm's compensation plan. quite high.
determined by three (3) sets of
perceptions PERFORMANCE 4. DISENGAGEMENT
ATTRIBUTIONS (reach their late 50's or
1. EXPECTANCIES early 60's)- people
1. Stable Internal Factor- psychologically withdraw
 the perceived linkages that are unlikely to change from their job, often
between expending more much in the near future seeking to maintain just an
effort on a particular task (such as personal skills "acceptable" level of
and achieving improved and abilities) performance with a
performance minimum amount of effort
 salesperson's perceptions 2. Unstable Internal
Factor- may vary from in order to spend more
of the link between job time developing interests
effort and performance. time to time, such as the
amount of effort expended outside of work.

2. INSTRENTALITIES or mood at the time • Plateaued Salespeople- people


3. Stable External Factor- who have stopped developing,
 the perceived relationship stopped improving, and often
between improved such as the nature of the
task or the competitive stopped showing an interest
performance and the
attainment of increased situation in a particular Causes of Plateauing
rewards. territory
A. Lack of A Clear Career Path
3. VALENCE OF REWARDS 4. Unstable External
Factor- might change next B. Boredom
 the perceived time, such as assistance
attractiveness of the from an unusually C. Failure to Manage the Person
various rewards the aggressive advertising Effectively
salesperson might receive. campaign or good luck.
CHAPTER 8: PERSONAL
• ACCURACY OF CAREER STAGES AND CHARACTERISTICS and
EXPECTANCIES- refers to how SALESPERSON SALES APTITUDE: CRITERIA
clearly the salesperson understands MOTIVATION FOR SELECTING
the relationship between effort SALESPEOPLE
expended on a task and the CAREER STAGES
resulting achievement on some • DEMOGRAPHIC &
1. EXPLORATION PHYSICAL VARIABLES
performance dimension. (typically individuals in
•MAGNITUDE OF their 20's)- are often  Sex and Age
EXPECTANCIES- reflects the unsure about whether
selling is the most  Physical Characteristics
salesperson's perception of his or (such as Height and
her ability to control or influence appropriate occupation for
them and whether they can Appearance)
his or her own job performance
be successful salespeople.
• APTITUDE VARIABLES
• ACCURACY OF
INSTRUMENTALITIES- refers 2. ESTABLISHMENT
(late 20's or early 30's)-  General Intelligence
to the true linkage between
performance on various have settled on an • PERSONALITY VARIABLES
dimensions and the attainment of occupation and desire to
rewards as determined by build it into a successful  Self-esteem
management practices and policies career.  Extraversion
on sales performance evaluation  Sociability
3. MAINTENANCE (late  Dominance
30's or early 40's)-
5. Personality Traits- including b. Personality
• SKILL VARIABLES such characteristics as sociability,
dominance, and self-esteem c. Aptitude/Skills- are designed
- Vocational skills encompass a to determine whether an applicant
salesperson's acquired knowledge 6. Skill Levels- learned has an interest in, or the ability to
and abilities directly related to the proficiencies, such as vocational perform, certain tasks and
company, its products, and skills, interpersonal skills, sales activities.
customers. presentation skills, and general
management skills CHAPTER 10: SALES
TYPES OF SALES JOBS TRAINING; OBJECTIVES,
CHAPTER 9: SALES FORCE TECHNIQUES, AND
1. CLOSER- Does not have a high RECRUITMENT and EVALUATION
fear of personal rejection SELECTION
When determining sales training
2. CONSULTANT SELECTION PROCEDURES needs, three issues must be
- Identified as patient with 1. Application Blanks considered:
excellent interpersonal contact and 1. Who should be trained?
a certain amount of aggressiveness  to collect basic 2. What should be the primary
information about the emphasis in the training program?
- Typically more career-oriented recruit's personal history
and academically inclined. 3. How should the training process
2. Personal Interviews be structured?
3. RELATIONSHIP BUILDER-
This salesperson likes  to assess a candidate's OBJECTIVES OF SALES
independence and the freedom of communication skills,
TRAINING
sales, the feeling that they are their intelligence, sociability,
own boss empathy, ambition, and  Increase Productivity
other traits related to the  Improve Morale
4. THE ORDER TAKER qualifications necessary  Lower Turnover
for the job.  Improve Customer
- Requires little personal
involvement Relations
A. Structured-each applicant
 Improve Selling Skills
is asked the same
- Relatively little risk of personal predetermined questions.
rejection. EFFECTIVE SALES
B. Unstructured- asks only TRAINING
SUMMARY a few questions to direct
1. Demographic and Physical the conversation to topics
1. Time Allocation
Characteristics - such as age, sex, of interest such as the
applicant's work 2. Prioritize your training
and physical appearance 3. Seek external training only
experiences, career
2. Background and Experience objectives and outside when necessary
Factors- such as a person's activities. 4. Reading material in abundance
personal history and family 5. Open Communication
background, educational 3. Reference Check- can ensure
the accuracy of factual data about 6. Invest in seminars
attainment, and sales experience. CREATING CREDIBILITY IN
the applicant
3. Current Status and Lifestyle SALES TRAINING
Variables- including a person's 4. Physical Examinations  Analyze Needs
marital and financial status and  Determine Objectives
5. Psychological Tests- aimed at
activities outside of the job measuring an applicant's mental  Develop and Implement
abilities and personality traits. Program
4. Aptitude Variables- enduring
mental characteristics such as  Evaluate and Review
a. Intelligence-are useful for Program
intelligence, cognitive abilities, determining whether an applicant
and sales aptitude. has sufficient mental ability to
perform a job successfully.
TRAINING NEW SALES 5. Peer-to-peer communication-
RECRUITS opportunities for salespeople to
Training needs vary from firm to interact together for mutual
firm and even within a firm. learning
Training needs vary because of Classroom Training- indispensable
differences in the needs and part of sales training
aptitudes of the recruits. Role Playing- a salesperson acting
out the part of a sales rep in a
TRAINING EXPRERIENCED simulated buying session
SALES PERSONNEL
They quickly become involved in ELECTRONIC TRAINING
customer relationship and other METHODS
related matters. It is viewed as Have revolutionized the delivery
providing insurance for a of training, not just in sales but
company’s major assets. across the entire organization.

SALES TRAINING TOPICS MEASURING THE COSTS


1. Product Knowledge- one of the AND BENEFITS OF SALES
most important topics TRAINING
2. Market/Industry Orientation-
covers both broad and specific SALES TRAINING COSTS-
factors. allocates funds for training with
3. Company Orientation- company minimal regard for the results
policies MEASUREMENT CRITERIA-
4. Time and Territory measures training effectiveness
Management- managing time and MEASURING BROAD
territories BENEFITS- include improved
5. Legal/Ethical Issues morale and lower turnover
6. Technology MEASURING SPECIFIC
BENEFITS- examines behavior
SALES TRAINING METHODS changes and results are needed to
On-the-Job Training- a carefully assess effectiveness
planned process in which the new
recruit learns by doing.

5 Key Factors of OJT:


1. Teaming- bringing people with
different skills
2. Meetings- employees at
different levels can get together
and share thoughts on various
topics
3. Mentoring- informal mechanism
to learn and interact from more
experienced ones
4. Customer Interaction- customer
feedback as part of the learning
process

You might also like