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Sales Management MM - 302 ,[object Object],[object Object]
What is Sales? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Sales Management? ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Evolution of Sales Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
What is sales management ,[object Object],[object Object],[object Object]
Nature and Scope of Sales Management ,[object Object],[object Object],[object Object],[object Object]
Integration with Marketing Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Relationship selling ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Varying sales responsibilities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Sales Management Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
Functions of sales manager ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Theories of Selling ,[object Object],[object Object],[object Object]
Types of theories ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
AIDAS Theory of Selling ,[object Object],[object Object],[object Object]
Securing Attention ,[object Object],[object Object],[object Object],[object Object]
Gaining Interest ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object]
Kindling Desire ,[object Object],[object Object],[object Object],[object Object]
Inducing Actions ,[object Object],[object Object],[object Object]
Building Satisfaction ,[object Object],[object Object]
Right Set of Circumstances Theory ,[object Object],[object Object],[object Object]
Buying Formula Theory of Selling ,[object Object],[object Object]
Problem (or need) Recognition ,[object Object],[object Object]
Information Search (Collection) ,[object Object],[object Object]
Evaluation of alternatives ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object]
Purchase Decision ,[object Object],[object Object],[object Object],[object Object],[object Object]
Post purchase behavior ,[object Object],[object Object],[object Object]
Buying Decision Process of Business Buyers ,[object Object],[object Object],[object Object],[object Object]
Behavioral Equation Theory
PERSONAL SELLING & SALESMANSHIP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Personal Selling ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some Important Aspects ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Buyer Seller Dyads ,[object Object],[object Object],[object Object]
Essentials of Personal Selling ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Method of Personal Selling ,[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Sales Person ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Process or Steps in Effective Selling Prospecting & Qualifying Preapproach   Approach Presentation  & Demonstration Overcoming Objections   Closing Follow up & Maintenance
Steps in Personal Selling ,[object Object],[object Object]
Prospecting ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Preapproach ,[object Object],[object Object],[object Object]
Significance ,[object Object],[object Object],[object Object]
Approaching ,[object Object],[object Object],[object Object]
Approach adopted by traveling salesmen ,[object Object],[object Object],[object Object],[object Object]
Different ways to gain access the prospect ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Approach adopted by counter salesmen
Methods of Approaching ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Presentation and Demonstration ,[object Object],[object Object]
Requirements of good presentation ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object]
Overcoming Objections
The close ,[object Object],[object Object],[object Object]
Follow up and Maintenance
SALES FORECASTING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sales Forecasting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Steps in Sales Forecasting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Method of Sales Forecasting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DETERMINATION OF THE SIZE OF SALES FORCE ,[object Object],[object Object],[object Object],[object Object],[object Object]
Sales Force Size ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object],Prospecting Targeting Selling Servicing Information Gathering Allocating Sales Force  Objectives
Sales Force Structure Sales Force Structure Product Based  Structuring Territory Based Structuring Customer Based  Structuring
SALES ORGANISATION ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Setting up a Sales Organization   Defining the Objectives Determination of Activities Grouping activities in to position Assignment of Personnel to Position Provisions for coordination & Control
Recruitment ,[object Object],[object Object]
Preparing the job description an specification ,[object Object],[object Object],[object Object],[object Object]
Recruitment Sources ,[object Object],[object Object],[object Object],[object Object]
From Inside – The organization's Staff ,[object Object]
Recruitment Agencies ,[object Object]
Educational Institutions ,[object Object],[object Object]
Competitors and Other Industries ,[object Object]
Friends and Relatives ,[object Object]
Previous Staff ,[object Object]
Selection Procedure ,[object Object],[object Object]
Steps Involved in Selection Process ,[object Object],[object Object],[object Object]
Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
(b) Application Scrutiny ,[object Object],[object Object]
Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object]
(c) Interview ,[object Object],[object Object]
Procedure ,[object Object],[object Object],[object Object],[object Object],[object Object]
Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
(d) Psychological testing ,[object Object],[object Object],[object Object],[object Object]
(e) Reference check ,[object Object],[object Object]
(f) Physical examination ,[object Object]
(g) Job Offer ,[object Object]
Sales training programme ,[object Object],[object Object]
Aim of Training ,[object Object],[object Object],[object Object]
Identifying Initial Training Needs ,[object Object],[object Object],[object Object],[object Object]
Training on Market Place ,[object Object],[object Object]
Training on competitors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Training in Handling the competition ,[object Object],[object Object],[object Object],[object Object]
Training on Communication ,[object Object],[object Object]
Training Methods ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Compensation Plan ,[object Object],[object Object],[object Object],[object Object]
Attitudes towards a Compensation Plan ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Designing Compensation Plan ,[object Object]
Examine job descriptions ,[object Object],[object Object]
Set up specific objectives ,[object Object]
Decide levels of pay or compensation ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Developing the compensation mix ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Decide indirect payment plan ,[object Object],[object Object]
Pretest, administer, and evaluate the compensation plan ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Motivating Sales Personnel ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Importance of Motivation ,[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Selecting An Effective Mix  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Sales Meetings and Contests ,[object Object],[object Object],[object Object]
Planning Sales Meetings ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
National Sales Meetings ,[object Object]
Regional Sales Meetings ,[object Object],[object Object],[object Object],[object Object],[object Object]
Local sales meetings ,[object Object]
Remote – Control and Travelling Sales Meetings ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Sales Contests ,[object Object],[object Object],[object Object]
Specific Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Contest Formats ,[object Object],[object Object],[object Object]
Contest Prizes ,[object Object],[object Object],[object Object],[object Object],[object Object]
Contest Duration ,[object Object],[object Object],[object Object],[object Object]
Designing Territories ,[object Object],[object Object],[object Object]
Reasons for Setting up Sales Territories ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Procedure for Designing Sales Territories ,[object Object]
Steps Involved in Designing the Sales Territories ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Build – up Method ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Breakdown method ,[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Continued---- ,[object Object],[object Object]
Assigning Salespeople to Territories ,[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object]
Relative Ability of Salespeople ,[object Object],[object Object]
Continued---- Evaluation Factors Weightage Evaluation Salesperson Score  = A *B Product knowledge .15 .9 .135 Market Knowledge .10 .8 .080 Past Sales Performance .40 1 .400 Communication .15 .8 .120 Selling Skills .20 .9 .180 Total 1.00 .915
Salesperson’s Effectiveness in a Territory ,[object Object]
Sales Quota ,[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object]
Objectives of Quotas ,[object Object]
Making available performance standards ,[object Object],[object Object],[object Object]
Controlling performance ,[object Object],[object Object]
Motivating People ,[object Object],[object Object]
Identifying strengths and weakness ,[object Object]
Types of Quotas ,[object Object],[object Object]
Sales volume quotas ,[object Object],[object Object],[object Object]
Rupees/Dollars sales volume  ,[object Object]
Unit sales volume ,[object Object],[object Object],[object Object],[object Object]
Point sales volume ,[object Object]
Financial Quotas ,[object Object],[object Object]
Gross margin or profit contribution quotas  ,[object Object]
Expense Quotas ,[object Object],[object Object]
Activity Quotas  ,[object Object],[object Object]
Combination quotas ,[object Object]
Sales Budgeting and Control ,[object Object],[object Object]
Significance of a Sales Budget ,[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Sales Budget ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sales Control ,[object Object],[object Object]
Types of Sales Control ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Steps in Designing a Sales Control System ,[object Object],[object Object],[object Object],[object Object],[object Object]
International Sales Management ,[object Object],[object Object]
Challenges faced by International Sales Managers ,[object Object],[object Object],[object Object],[object Object]
Continued---- ,[object Object],[object Object],[object Object],[object Object]
Qualities of the International Sales Force ,[object Object],[object Object],[object Object],[object Object],[object Object]
Formulating Sales Strategies at the International Level ,[object Object],[object Object],[object Object]
Continued----

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Sales Management MM - 302 Document Summary

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  • 51. Process or Steps in Effective Selling Prospecting & Qualifying Preapproach Approach Presentation & Demonstration Overcoming Objections Closing Follow up & Maintenance
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  • 85. Sales Force Structure Sales Force Structure Product Based Structuring Territory Based Structuring Customer Based Structuring
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  • 88. Setting up a Sales Organization Defining the Objectives Determination of Activities Grouping activities in to position Assignment of Personnel to Position Provisions for coordination & Control
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  • 196. Continued---- Evaluation Factors Weightage Evaluation Salesperson Score = A *B Product knowledge .15 .9 .135 Market Knowledge .10 .8 .080 Past Sales Performance .40 1 .400 Communication .15 .8 .120 Selling Skills .20 .9 .180 Total 1.00 .915
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