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Sales Management - Assignment
Sales Management - Assignment
Sales Management - Assignment
Concept
2. Line and staff sales organisation: The line and staff sales department is usually
used in large and medium sized organizations hiring many sales executives and selling
diversified product lines in various geographic locations. When compared with the line
organisation, this structure renders the sales executive at the top level with specialists
and experts in relations of dealer and distributors, sales analysts, sales organisation,
sales personnel, sales planning, sales promotion, sales training, service, traffic and
warehousing and similar fields.
This enables the top sales executives to save time and it also relieves them from
burden of excessively detailed and time-consuming work. Hence, it is possible for them
to concentrate and give efforts in working on their areas of proficiency if the top sales
executives are not equipped with an increase overall effectiveness of the department
study or provide detailed analysis to staff executives. The top sales executive has more
time in hand in order to plan and deal with matters of priority.
The responsibility of the sales training manager is responsible to implement these plans
and policies.
Director (Sales)
Regional sales
manager
Sales Sales Sales Sales
representatives representatives representatives representatives
(EAST) (WEST) (SOUTH) (NORTH)
SALES SALES SALES SALES
EXECUTIVES EXECUTIVES EXECUTIVES EXECUTIVES
VP SALES (INDIA)
REGIONAL SALES REGIONAL SALES
MANAGER (EAST MANAGER (SOUTH &
AND WEST) NORTH)
ASM EAST ASM WEST ASM SOUTH ASM NORTH
SALES SALES SALES SALES
EXECUTIVES EXECUTIVES EXECUTIVES EXECUTIVES
2nd Answer
Introduction: When an individual begins a new business venture, there are various
things that need to be strategized in order to conduct the business operations in a
successful way. An important step to constitute a successful plan of business and
ultimately a successful business is to formulate a sales plan of various products and
services. While there are various strategies of sales plan to select from, some options
are more effective for a particular kind of business as compared to another. To have a
sales plan for your products and services is one of the most difficult yet most crucial
parts of conducting business. The goal of strategic sales planning is to maximize your
profit.
Sales forecasting and goal-setting:
1. Set realistic sales goals in your sales plan: Before we get into the method of
how you’re getting to get your sales this year, we'd like to speak about something
bigger: Goals. Your sales plan template needs an end goal. you would like a
number—either sales or customers or whatever metric you choose—that will tell you
whether or not what you’ve done has been a hit . I’ve written about setting realistic
sales goals thorough before, but what it all comes right down to is determining what
realistically you'll usher in supported the dimensions of the market, your company
goals, and therefore the experience and resources available to your sales team.
Again, start with last year’s numbers (if you've got them). Track how sales revenues
increased annually and compare your company to the industry standards. Ask your
sales team about what they are doing during the workweek, whether
that’s aged sales calls, prospecting new customers, or closing deals. Ask what
proportion they’re currently doing, and the way much bandwidth they need to try to
to more. This may offer you a true, frontline take of what milestones to line in your
sales plan template.
Next, it’s time to line your milestones. These got to be specific with clear goals and
deadlines. For instance, you would possibly want to extend your customer base by
20% or increase sales 50% for a selected product or maybe increase the share of
users on a paid plan by 15% by mid-year. Regardless of the milestone is, be clear
what your expectations are and set a tough deadline for your team to
figure towards.
3. Pick a distinct segment to specialise in and build traction in: Now that we all
know what we would like to hit, let’s get into the nitty gritty of building out our sales
plan template. First, we'd like to understand the market we’re in and therefore
the niche we’re getting to occupy so we will properly position our business for
growth (and to realize the goals in your sales plan).
Since the salesmen are having extremely high pressure for meeting the sales targets,
their productivity is hampered. They aren’t happy with the over-burden of the work that
is being given to them they are not happy to work with the company and so they are
leaving the organization in the hope of a better work-life balance.
Also, there are no incentives provided to the salesmen for meeting the high sales target
in such a competitive market. They are totally demotivated and this shows in their work
which leads to loss of customers and falling market share.
Hence, the company should raise the salary as per the performance of the employees.
Good performance ultimately benefits the organization in the long run and for this,
employees must be rewarded. It is not important for all the sales personnel to receive a
salary hike in the competitive market; only those who perform well.
However, the other employees should be recognized and appreciated for small tasks
done well or for good decisions taken. Top management can introduce performance
linked pay policy. It should continue providing the regular salaries to all their employees
and the sales executives having an excellent performance should be paid extra
incentives. This will make all the executives work very hard and try to achieve good
sales and this will help the corporation to improve their position. If the sales are high,
company can compete with rivals and survive despite of economic slowdown.
Performance linked pay will encourage sales people to work hard and they will
contribute considerable amount to the revenue of the company. If all employees will get
flat 10% increase, then no one will do that extra effort to get more sales and ultimately it
will affect the company. Job of the sales personnel is to constantly try and get more
orders for the company and it takes time, effort and hard work. If some employees do
some extra effort; then their performance should be rewarded.
Hold a meeting: This is a group motivation. All employees meet at a place. Everyone
meets and contacts fellow workers. Exchange of ideas and opinions takes place.
Salesmen always prefer to interact with the fellow workers and executives. Problems
are solved and new policies are developed.
Freedom: While performing their jobs, the sales personnel should not be controlled too
much. It is important that salesman is given a reasonable degree of freedom in
performing his assigned job. The salesman must be permitted to perform his job using
his own pattern. Asking for reports too much should not be done. Such things create a
good stimulus and give a good feeling that the job of the salesmen is important in the
firm. When the sales manager provides responsibility to the salesman, the results are
better.
(ESOPs) – The ultimate reward to employees who are excellent with their work is
allowing them to own part of the organization through the Employee Stock Ownership
Plan. These are company-established plans of benefits where it is possible for an
employee to acquire stock as a portion of their remuneration. ESOPs increase job
satisfaction among employees and work motivation.
Sales Contests: This implies a competition between the salesmen in order to maximise
their effort in order to increase the overall sales of the organization. These contests
also help to develop a team spirit, boost the morale, encourage working hard, sell more
of fast moving and slow moving items, to overcome the depression period etc. The
employees with the highest sales win cash prizes, incentive, merit certificate or free
travel etc.