article thumbnail

The Five Pillars of Pharmaceutical Sales Training Excellence

Mindtickle

The intricacies of pharmaceutical products, stringent regulatory guidelines, and the critical role healthcare professionals play in decision-making create a complex environment for sales reps. In this blog post, we’ll outline the unique challenges faced in pharmaceutical sales training and provide practical solutions.

article thumbnail

A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Sales in the pharmaceutical industry has been a rigid and consistent business. However, a recent article from the Harvard Business Review suggests the stagnant methods of pharmaceutical sales rep compensation may be the root cause of an even bigger public health issue. Share your thoughts in the comments below!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Sales in the pharmaceutical industry has been a rigid and consistent business. However, a recent article from the Harvard Business Review suggests the stagnant methods of pharmaceutical sales rep compensation may be the root cause of an even bigger public health issue. Share your thoughts in the comments below!

article thumbnail

Successful Strategy Execution

Steven Rosen

Many companies have highly sophisticated rigorous marketing processes, resulting in strong brand plans and marketing strategies. Even with brilliant marketing strategies and a solid management team, many companies miss their sales objectives. Yet, statistics show that 60%-90% of companies fail to execute their strategies.

Strategy 197
article thumbnail

Make Your Sales Force Your Loyalty Program

Sales and Marketing Management

For companies serving B2B markets, a properly run sales force that executes the seven activities outlined above is the most effective (and cheapest) loyalty program you can find. In the B2B world, your sales force is actually your loyalty program. They develop a broad network of trust-based relationships across the customer’s organization.

Loyalty 290
article thumbnail

Top AI-Powered Video Roleplay Platforms Mindtickle | Brainshark | Rehearsal | Awarathon Feature List * – What’s best in 2023

Awarathon

It also improves objection-handling capabilities, allowing sales professionals to refine strategies. The Verdict Awarathon is one of the best choices for business over the others as Awarathon provides more in the area of Artificial Intelligence and Generative AI than any other company on the market at a very affordable price.

Video 52
article thumbnail

Medical device sales success – an urgent need to do something different – An STC Classic

Sales Training Connection

The medical device market faces transformational market challenges – decision criteria shifting from clinical to economic, decision-making moving from local hospitals to IDNs, the rise of GPOs, and the dramatic impact of new governmental regulations. A Classic – ’63 Corvette.