Remove Incentives Remove Marketing Remove Media Remove Territories
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The Territory Optimization Revolution

OpenSymmetry

A critical element that is relatively new is territory optimization and we will examine the case for this in this article. The territory optimization and alignment element of salesforce effectiveness is vital for three reasons. Poor or excessive customer coverage if territories are too small, leading to missed revenue.

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Optimal Incentive Compensation Plan Design for Successful Implementation

OpenSymmetry

In the second scenario, the organisation has a strong HR or Sales leader driving the project who wants to look at a simplified process or wants a simplified incentives landscape before they start automating. Finally, 70-80% of companies will have no or at best inflexible technology to support incentives.

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Creating the Ideal Performance Culture

SBI Growth

Your people will need new capabilities to thrive in a changing market. Those reps were covering an extensive territory and large customer base. A media organization recently created home grown CRM system. Incentive Programs. Does your comp plan incent behaviors that will get you to your number? Resource Allocation.

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A Sales Leader’s Blueprint for 2014

SBI Growth

Market conditions 12 months ago were very different. How should we be using social media? Why This Matters— The size of your addressable market has shifted. Phase 2 - Develop Go To Market Plan - Many sales VPs don’t know the best route to market. Why This Matters- The optimal routes to market have changed.

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How to create an effective sales plan: Tips and examples

PandaDoc

Acting as an essential tool for businesses of all sizes and in all industries, a robust sales plan helps to identify sales goals, target markets, and sales tactics to achieve those goals. Start free trial New product This type of plan is specifically designed to introduce a new product into the market and achieve specific sales goals.

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Improving the Sales Organization’s Change Readiness

OpenSymmetry

Sales organizations face a constant challenge responding to changing selling techniques and markets. Many companies underestimate the change challenge and respond only tactically with the emphasis being on a quick response to a challenge often seen through rushed amendments to the incentive plan or hiring new people.

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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Tactics may have changed, but for the most part these sales teams still run on a commission or quota based metric determined by well-planned territories. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics.