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Showing posts with label incentives. Show all posts
Showing posts with label incentives. Show all posts

Thursday, February 13, 2014

SALES MANAGEMENT


Selling is done by the salesforce either directly to customers, such as in case of industrial salesmen or to retailers, as in case of salesmen merely supplying shopkeepers and inducing them to stock the goods.  

In both cases, the effort of the salesmen contributes to the overall sales turnover of an organisation. The advertising effort and the sales effort are to a certain extent interrelated. The main function of advertising is generally before the actual selling occurs. The customer looks at advertisements and is thus induced to go to the shop or wait for the salesman and make his purchase. The salesman's job is to hand over the merchandise against exchange of money and provide satisfaction to the customer. Besides, he also some times has to provide after-sales service. In terms of selling, the role of a salesman can be sub-divided into several stages. These are:

1) Prospecting, i.e. trying to find out likely customers who are called Prospects.
2) Pre-approach, i.e. trying to find out more about the customers, before actually meeting them.
3) The Approach, i.e. when the-salesman actually communicates with the prospect with a view to sell the product.
4) The actual selling where he Answers Objections and Closes the sale.
5) In addition to this, he may also provide services such as giving technical Assistance, arranging credit facilities and expediting deliveries.
6) Collecting Information useful for the organization.  

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Sunday, November 2, 2008

Reward System

Explain what is reward system ? Describe the reward system of your organization you are acquainted with. How financial reward systems have been helping in improving organizational performance?

REWARD SYSTEM


One of important attributes of work organization is the ability to give reward to their members. Pay, promotions, fringe benefits, and status symbols are perhaps the most important rewards. Because these rewards are important, the ways they are distributed have a profound effect on the quality of work life as well as on the effectiveness of organization.

Organization typically rely on reward system to do four things :
1. Motivate employees to perform effectively.
2. Motivate employee to join the organization.
3. Motivate employee to come to work, and
4. Motivate individuals by indicating their position in the organization structure.

There are several principles for setting up an effective reward system in an organization :

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