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BA 237 Notes - Reviewer
BA 237 Notes - Reviewer
-is the measure of impact of the sales team to the company 1. Customer
-measured against quantifiable objectives and indicators 2. Negotiations
-serves as the measure of the effectiveness of sales leadership 3. Sales Numbers
as well TOP 10 Best Selling Products
- measured in terms of value sales, daily calls, productive calls, 1. Rubik’s Cube
distribution and volume sales 2. iPhone
- for example, # of calls per day, # of productive calls also 3. Harry Potter books
known as strike rate, # of lines sold per call, and distribution of 4. Thriller Album by Michael Jackson
SKU per channel type. Channel can be sari sari store, food 5. Mario Franchise (video game)
outlets, supermarket 6. iPad
7. Star Wars
NEGOTIATING FOR SUCCESS 8. Toyota Corolla
Principle #1: You always have more power than you think 9. Lipitor
-always trade; never concede 10. Playstation
- understand the value of trade for both parties
-think of short term vs long term business relationship TOP 10 Brands
-always try to negotiate in bundles ; not a single item 1. Coca Cola
- always offer mutually beneficial deals 2. Apple
Principle #2: Always negotiate from a position of strength 3. IBM
Avoid getting into price negotiation traps 4. Google
Negotiate terms first before price 5. Microsoft
Do not offer discounts outright for “free” 6. General Electric
Always have a “walk-away” before you engage in 7. McDonald’s
negotiations 8. Intel
HUMAN BRAIN 9. Samsung
QI: conceptual 10. Toyota
QII: analytical
QIII: practical
QIV: relational
KEY FOCUS OF SALES MANAGER (achieving objective through The 7 Habits of Highly Effective People
people)
1. People The First Three Habits surround moving from dependence to
2. People independence (i.e., self-mastery):
3. People Habit 1: Be Proactive
Sales Manager must manage • Take initiative in life by realizing that your decisions
1. People (and how they align with life's principles) are the
2. Time primary determining factor for effectiveness in your
3. Resources life. Take responsibility for your choices and the
*focus on end in mind consequences that follow.
*think about the future benefits Habit 2: Begin with the End in Mind
* consider impact/implications • Self-discover and clarify your deeply important
character values and life goals. Envision the ideal
SALES MANAGER characteristics for each of your various roles and
1. Create star team; not team of stars relationships in life. Create a mission statement
2. Hire people that complement each other – synergy Habit 3: Put First Things First
3. Minimal or zero gap on competencies • Prioritize, plan, and execute your week's tasks based
4. Develop people to ensure consistent performance on importance rather than urgency. Evaluate whether
success – sharpens the saw your efforts exemplify your desired character values,
5. Right people in the right job propel you toward goals, and enrich the roles and
6. Invests time with the right people relationships that were elaborated in Habit 2.
7. Manages A.B and C performers effectively The next four have to do with Interdependence (i.e., working
*set standards higher for A performers with others):
* C performers must be coached
8. allocate budget to maximize investment Habit 4: Think Win-Win
9.
TIME MANAGEMENT MATRIX • Genuinely strive for mutually beneficial solutions or
y-axis :importance agreements in your relationships. Value and respect
x-axis: urgency people by understanding a "win" for all is ultimately a
*not urgent yet important are usually left out better long-term resolution than if only one person in
the situation had gotten his way.
Habit 5: Seek First to Understand, Then to be Understood John C. Maxwell
Mentoring is relationship oriented. Its purpose is to develop the individual not only for the
current job, but also for the future. This distinction
It seeks to provide a safe environment where the mentoree differentiates the role of the immediate manager and that of
shares whatever issues affect his or her professional and the mentor. It also reduces the possibility of creating
personal success. Although specific learning goals or conflict between the employee's manager and the mentor.
competencies may be used as a basis for creating the
relationship, its focus goes beyond these areas to include Differentiator #4:
things, such as work/life balance, self-confidence, self-
perception, and how the personal influences the Coaching does not require design. Coaching can be
professional. conducted almost immediately on any given topic. If a
company seeks to provide coaching to a large group of
Differentiator #2: individuals, then certainly an amount of design is involved
in order to determine the competency area, expertise
Coaching is short term. A coach can successfully be needed, and assessment tools used, but this does not
involved with a coachee for a short period of time, maybe necessarily require a long lead-time to actually implement
even just a few sessions. The coaching lasts for as long as is the coaching program.
needed, depending on the purpose of the coaching
relationship. Mentoring requires a design phase in order to determine
the strategic purpose for mentoring, the focus areas of the
Mentoring is always long term. Mentoring, to be relationship, the specific mentoring models, and the specific
successful, requires time in which both partners can learn components that will guide the relationship, especially the
about one another and build a climate of trust that creates matching process.
an environment in which the mentoree can feel secure in
sharing the real issues that impact his or her success. Differentiator # 5:
The coachee's immediate manager is a critical partner When a company is seeking to develop its leaders or
in coaching. She or he often provides the coach with talent pool as part of succession planning
feedback on areas in which his or her employee is in need of When a company seeks to develop its diverse
coaching. This coach uses this information to guide the employees to remove barriers that hinder their
coaching process success
When a company seeks to more completely develop
In mentoring, the immediate manager is indirectly its employees in ways that are additional to the
involved. Although she or he may offer suggestions to the acquisition of specific skills/competencies
employee on how to best use the mentoring experience or When a company seeks to retain its internal
may provide a recommendation to the matching committee expertise and experience residing in its baby
on what would constitute a good match, the manager has boomer employees for future generations
no link to the mentor and they do not communicate at all When a company wants to create a workforce that
during the mentoring relationship. This helps maintain the balances the professional and the personal
mentoring relationship's integrity.