Can Pharma’s Woes be Tied to Poor Business Acumen?
|
| Tweet |
|
Free PDF Download To Train or Not To Train …. Why Spend Money on Sales Training? - By Steven Rosen |
The Pharmaceutical Industry has undergone enormous change. The number of sales reps has declined significantly over the last 4 years. Declining sales has not only forced the industry to reduce the number of sales reps calling on physicians but has also created the need to better focus on customer needs. The days of adding sales forces are dead and companies are struggling to find ways to deliver value to their customers.
Many companies have realised that in order to better understand and meet customer needs they have had to evolve from a centralised/marketing focus to a customer centric model. By moving greater decision making into the regions and territories the ability of sales managers and sales reps to make strategic business decisions becomes even more important. With fewer reps calling on physicians, the allocation of sales calls and marketing resources must be rationalised. Have you created training programs that help your sales managers strategically look at their business?
The survey says…. No.
The 2011 Canadian Pharmaceutical Sales Manager Survey found that 84% of respondents felt that business planning/acumen was an important responsibility of the sales manager and 67% agreed that their organization put a high level of importance on business planning. Only 20% of respondents agreed that their organization was providing ongoing support in developing their sales managers business planning skills. Come on people, your sales managers are struggling! Can they coach their sales reps without assistance? Without training? Without support?
Is a lack of business acumen within the ranks affecting your sales? Sales leaders can’t ignore the issues any longer. If you want to empower your sales managers and reps to make strategic decisions you need to adapt and align you training and development programs.
It’s time to find solutions. I believe that companies who build solid business planning processes that align marketing and regional sales plans with individual territory plans will have the best chance to succeed in today’s competitive marketplace.
Related Articles
|
Free PDF Download To Train or Not To Train …. Why Spend Money on Sales Training? - By Steven Rosen |
|
About the Author: Steven Rosen RSS for Steven's articles - Visit Steven's website Steven Rosen, MBA, Author | Executive Coach | Speaker helps companies improve sales performance by transforming sales managers into great sales coaches. Steven inspires sales executives to achieve greater personal and professional success. He is the CEO of STAR Results, author of 52 Sales Management Tips - The Sales Managers' Success Guide. He is a contributing expert to Top Sales World, Top Sales Management, SOLD Magazine and many leading sales leadership websites. He can be reached at steven@starresults.com or 905-737-4548. Click here to visit Steven's website. New Sales Leadership Paradigm |
Related Forum Posts
Share this article. Fund someone's dream.
Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva.
Over $50,000 raised and counting - Please keep sharing! Learn more.
Trending Articles
|
|
Like this page? PLEASE +1 it! |
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Popular Articles
Environment and productivity at the office
New Job – Negotiating a Salary
How to Demonstrate Commitment to Others
Environment and productivity at the office
New Job – Negotiating a Salary
How to Demonstrate Commitment to Others
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.







