With Duane Weaver Materials adopted from “Sales management in Canada”, Mackenzie, H.F., 2008.

Slides:



Advertisements
Similar presentations
MOTIVATING THE SALES TEAM Sales meeting & Sales contests.
Advertisements

Salesperson Performance: Behavior, Role Perceptions, and Satisfaction
Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 8 Motivating a Sales Force I believe I can fly, I believe I can touch.
Chapter Seven McGraw-Hill/Irwin Copyright © 2003 by The McGraw-Hill Companies, Inc. All rights reserved. 7.1 Learning Objectives Understand the process.
McGraw-Hill/Irwin Copyright 2006 by The McGraw-Hill Companies, Inc.
Sales Force Management
Sales Management Motivating Sales People Topic 22.
Evaluating the Performance of Salespeople
Part V SALES FORCE LEADERSHIP Chapter 11: Motivating Salespeople.
Planning, Staffing, and Training Successful Salespeople
Chapter 16 Motivating Employees.
MOTIVATION.
Motivation Chapter Nine McGraw-Hill/Irwin
Chapter 16 Motivating Employees.
Chapter 13 Copyright ©2007 by South-Western, a division of Thomson Learning. All rights reserved 1 Motivation Initiation Persistence Direction.
Chapter 10 Motivating the Sales Force
Management Employee Motivation Employee Motivation Definition of Motivation: Factors which energize, direct and sustain employee behavior. Motivation.
Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 17-1.
UNIT F MANAGEMENT OF DISTRIBUTION, PROMOTION, AND SELLING
Chapter 16 Motivating Employees.
Chapter 9 Motivation.
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 09 Motivation.
The Nature of Motivation
Dr. S. Borna MBA 671. Lecture Outline Conditions under which personal selling effort is more important Sales Force Management Decisions Sales force organization.
7 Salesperson Performance: Motivating the Sales Force McGraw-Hill/IrwinCopyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
McGraw-Hill/Irwin Copyright 2006 by The McGraw-Hill Companies, Inc.
CHAPTER 13 MOTIVATING THE SALESFORCE. MOTIVATION Motivation is the desire to expend effort to fulfill a need. In terms of sales, it is the effort salespeople.
© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Motivation Week 4. Question Are happy workers more productive? –True? False? –Sometimes? Never? –Why?? Should managers care if their employees like their.
McGraw-Hill/Irwin Copyright 2006 by The McGraw-Hill Companies, Inc.
Sales Management. Managing the sales effort n Sales management: Activities of planning, organizing, staffing, motivating compensating, and evaluating.
Salesperson Compensation and Incentives
Sales Management 12 Motivation and Rewards. Motivation Motivation: Intrinsic vs. Extrinsic When rewards such as pay and formal recognition act as motivators.
Marketing Management 29 th of June Personal Selling and Sales Promotion.
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
Chapter 16 Motivation. The Concept of Motivation Motivation - the arousal, direction, and persistence of behavior Forces either intrinsic or extrinsic.
Salesperson Performance: Behavior, Role Perceptions, and Satisfaction
Compensation & Motivation
Motivation Sung Jae Park, Ph.D.. Why is Motivation important  Under optimal conditions, effort can often be increased and sustained  Delegation without.
Personal Selling.
Motivation and Reward System Management Module Eight.
Management of the Sales Force C H A P T E R 17. C H A P T E R 17 Copyright  2004 Pearson Education Canada Inc Learning Objectives Describe the.
McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 8 Motivating a Sales Force I believe I can fly, I believe.
Extrinsic Extrinsic Instrinsic Instrinsic. Types of Rewards Extrinsic Extrinsic Instrinsic Instrinsic.
Integrated Marketing Communications: Sales and Sales Management
17-1. Motivation, Compensation, Leadership, and Evaluation of Salespeople Chapter 17 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
UNDERSTAND THE IMPORTANCE OF SELLING. Selling is…  Any form of direct, personal communication between a salesperson and a prospective customer  Communication.
Understand sales processes and techniques to enhance customer relationships and to increase the likelihood of making sales.
Chapter 13 Motivation © 2014 Cengage Learning MGMT7.
Management Practices Lecture Recap Training & Development Types of Training Types of Development Performance Appraisal 2.
Understand sales processes and techniques to enhance customer relationships and to increase the likelihood of making sales.
Jayendra Rimal. Introduction: Compensation Compensation refers to all forms of financial returns and tangible benefits that employees receive as part.
Motivation: From Concepts to Applications 동기부여 : 개념에서 응용까지 ⓒ Professor Kichan PARK
McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. 6-1 Common Activities for Industrial Salespeople Selling: plan.
MANAGEMENT RICHARD L. DAFT.
Motivating Salespeople
MOTIVATION Managing requires the creation and maintenance of an environment in which individuals work in group for accomplishment of common objective.
ORGANIZATION AND COMPENSATION OF THE SALES FORCE
Motivating Salespeople
DESIGNING COMPENSATION AND INCENTIVE PROGRAMS
MANAGEMENT RICHARD L. DAFT.
Motivating a Sales Force
The Nature of Personal Selling
Pay for Performance: The Evidence
14 Work Design.
Chapter 16 Motivating Employees.
Chapter 13 Motivation MGMT7 © 2014 Cengage Learning.
Evaluating the Performance of Salespeople
Evaluating the Performance of Salespeople
Presentation transcript:

With Duane Weaver Materials adopted from “Sales management in Canada”, Mackenzie, H.F., 2008

 Motivation and Activity  General Model of Sales Motivation  Specific Factors of Sales Motivation  Individual Motives  Quotas, Contests and Rewards

 “In the context of sales management, motivation can be defined as an internal drive to initiate and expend sufficient effort over time to perform appropriate selling activities to accomplish specific sales objectives.” (Mackenzie, 2008, p. 254)  Motivation has: intensity, persistence, and direction  Performance = Opportunity X Ability X Motivation  “…the sales manager’s responsibility is to manage the motivation of individual salespeople” (Mackenzie, 2008, p. 254)

Salesperson Motivation Effort Performance Rewards Satisfaction Expectancy Valence Instrumentality

 Job Value  Skill Variety  Autonomy  Opportunity  Feedback  Individual Factors  Individual Motives  Career Stage Exploration Establishment Maintenance Disengagement

 Quota – quantitative goal assigned to an individual salesperson  Motivate salespeople to achieve superior performance  Provide direction to salespeople so they know what is important  Types: Sales Volume, Profit-Based, Activity Based (see p.269)  Contests  Usually short term  Tend to be popular among salespeople  Should not be part of total compensation package

 Rewarding Decisions:  Who is eligible?  What will prize or award be?  How many win?  Where and when presented?  Benefits of Tangible Incentives:  Justifiability (can’t buy but worthwhile)  Social Reinforcement (high visibility – e.g. Callaway Clubs)  Evaluability –the harder a salesperson works to get a reward the greater the perceived value of reward to them.