OpenSymmetry

JULY 20, 2016

Sales in the pharmaceutical industry has been a rigid and consistent business. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics. When the effect of OxyContin(c) was not lasting as long as expected, sales reps encouraged doctors to increase dosage.

Pharmaceuticals 40

Pharmaceuticals Compensation Incentives Incentive 40

OpenSymmetry

JULY 20, 2016

Sales in the pharmaceutical industry has been a rigid and consistent business. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics. When the effect of OxyContin(c) was not lasting as long as expected, sales reps encouraged doctors to increase dosage.

Pharmaceuticals 40

Pharmaceuticals Compensation Incentives Incentive 40

Sales and Marketing Management

NOVEMBER 22, 2017

Sales manager: I’d like to know what rewards the reps would like for our next incentive. Or maybe you think that incentives have run their course and it’s time to drop them altogether. If you’re thinking of asking your reps what will make the best prize in the incentive program, stop. Are incentives obsolete? Don’t do it.

Motivation 191

Motivation Incentives Incentive Lead Rank 191

Allego

NOVEMBER 10, 2020

For self-proclaimed “professional drug launcher” Courtney Ness, this is less of a brag and more of an incentive. Here are five takeaways from that conversation. #1 Once the drug or medical device is ready to hit the market, it’s too late to start planning your sales approach and marketing materials. Don’t overthink it.

Pharmaceuticals 71

Pharmaceuticals Biotechnology Face-to-face SalesForce 71

Xactly

SEPTEMBER 5, 2018

To help, we’ve created MBO examples to get you going in the right direction and help you visualize how goals and objectives might differ by industry and role (Note: the same should apply for compensation and commission plans ), whether it’s in sales, marketing, or manufacturing. Online Marketing. We need to be doing more.

Examples 78

Examples Compensation Incentives Incentive 78

Pipeliner

FEBRUARY 15, 2019

Professional development in sales and marketing has a similarly checkered ethical history. Marketing and sales organizations are hives for conformity and group think: “Quit giving excuses!” “I If you’ve worked in sales or marketing even a short time, you have probably heard similar sentiments. That turns people off.

Lead Rank 69

Lead Rank Lead Scoring Government ACT 69

Sales Hacker Training

APRIL 9, 2023

For example, tech is known to be fast-paced with lots of growth opportunities, while pharmaceutical sales is more relationship-driven. Financial incentives? Before that, I interned at a public relations company and got some great exposure to how businesses position themselves in the market. Was a family member in sales?

Hiring 52

Hiring Examples Motivation Quota 52