Posts Tagged ‘professional coaching’

Top Sales Force Effectiveness Requires The Right Approach

Proper incentivisation is critical to the effectiveness of an organisation’s sales force. This must be correctly approached however, as it is often poorly thought out or even bypassed, leading to lacklustre results, a reduction in morale and the inefficient use of a key resource. The pharmaceutical company may be a leader in its field, be very creative and with cutting-edge solutions, but the organisation will only be truly effective if its sales and marketing team is well prepared and trained. Such a team must be comprehensive, well balanced, able to employ different strategies and techniques and perform to a high-level of efficiency within a tough commercial field. The sales team must be well established and managed and pharmaceutical consultants have the experience, knowledge and background to enable this objective. Far too often the act of a sale is construed as a perfect result. While winning a sale is undoubtedly important, as after all without sales nothing is achieved, there must be tangible and measurable value attached to the sale, from every point of view. The sales executive may appear to be very efficient, but unless a meaningful relationship has been created between the buyer and the seller, the overall or [...]

Top Pharmaceutical Consultants Recommend Applying Key Account Management Strategies

The 80/20 rule is a metric used within the business world which reveals that fully 80% of all business can be attributable to only 20% of the actual clients. This can be the subject of conjecture and certain clients are always seen as more important by the pharmaceutical company, due either to their pure volume of sales, their position in the market or other important considerations such as a transition to other market areas. In these cases, key account management strategies must be established by the company and must be adequately communicated and implemented within the sales and marketing team as a core priority. A pharmaceutical company has many different stakeholders and must satisfy a number of different “clients.” So many different issues have to be addressed including the company’s position, public relations and media activities, lobbying in political circles, quite apart from core issues of marketing and economics. There is so much on the plate, be it daily or weekly and there is always a danger that senior management may take on too many issues and end up being less effective overall. As key account management is only as effective as methods and levels of communication and the efforts [...]

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