Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning...
Transcript of Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning...
![Page 1: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/1.jpg)
Organizational Strategiesand The Sales Function
![Page 2: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/2.jpg)
Learning Objectives
1. Define the strategy levels for multi- business, multi-product firms.
2. Discuss how corporate and business strategy decisions affect the sales function.
3. Lists the advantages and disadvantages of personal selling as a marketing communications tool.
![Page 3: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/3.jpg)
Learning Objectives
4. Specify the situations in which personal selling is typically emphasized in a marketing strategy.
5. Describe ways that personal selling, advertising, and other tools can be blended into effective integrated marketing communications programs.
6. Discuss the important concepts behind organizational buyer behavior.
![Page 4: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/4.jpg)
Learning Objectives
7. Define an account targeting strategy.
8. Explain the different types of relationships strategies.
9. Discuss the importance of different selling strategies.
10.Describe the advantages and disadvantages of different sales channel strategies.
![Page 5: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/5.jpg)
Organizational Strategy Levels
![Page 6: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/6.jpg)
Developing a Corporate Strategy
1. Analyze the corporate situation to identify potential opportunities and threats
2. Determine corporate mission and objectives
3. Define strategic business units
4. Set objectives and resource allocation for each strategic business unit
![Page 7: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/7.jpg)
Corporate Mission Statement
![Page 8: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/8.jpg)
![Page 9: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/9.jpg)
Strategic Business Unit (SBU)
A designated unit
within a corporation
that operates like
an individual
business.
![Page 10: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/10.jpg)
![Page 11: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/11.jpg)
Generic Business Strategies and Salesforce Activities
• Service large current customers
•Pursue large prospects
•Minimize costs; sell on the basis of price
Low-cost supplier
•Compete on non-price benefits
•Provide high quality customer service
• Seek customers who are not low price shoppersDifferentiation
• Serve a distinct target market not served well by others
•Provide high quality customer service
• Seek customers who are not low price shoppersNiche
![Page 12: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/12.jpg)
Marketing Strategy & Personal Selling
![Page 13: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/13.jpg)
Personal Selling-Driven vs. Advertising-DrivenMarketing Communications Strategies
PersonalSelling – Driven
• Message Flexibility is Important
• Message Timing is Important
• Reaction Speed is Important
• Message Credibility is Important
• Trying to Close the Sale
Advertising – Driven
• Low Cost per Contact is Important
• Repetitive Contact is Important
• Control of Message is Important
• Audience is Large
![Page 14: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/14.jpg)
Targeting Market Characteristics & Marketing Communications Strategy
![Page 15: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/15.jpg)
Integrated Marketing Communications
The strategic integration of multiple
marketing communications tools
communicating a consistent
message in the most effective
and efficient manner.
Gopro.com
![Page 16: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/16.jpg)
Marketing and Sales Activities
![Page 17: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/17.jpg)
Organizational Buyer Behavior: Buying Situations
• Extensive Problem Solving
• Greater RiskNew Task
• Limited Problem Solving
• Moderate Risk
Modified Rebuy
• Routinized Response Behavior
• Lower Risk
Straight Rebuy
![Page 18: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/18.jpg)
Sales Strategy Framework
![Page 19: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/19.jpg)
Types of Organizations
![Page 20: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/20.jpg)
Organizational Buyer Behavior: Buying Center
• Initiators
• Users
• Gatekeepers
• Influencers
• Deciders
• Purchasers
![Page 21: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/21.jpg)
Organizational Buyer Behavior:Buying Process
Phase 8: Performance Feedback/Evaluation
Phase 7: Selection of Order Routine
Phase 6: Evaluate Proposals/Select Suppliers
Phase 5: Acquire and Analyze Proposals
Phase 4: Identify and Qualify Potential Sources
Phase 3: Specify Item Specs/Quantity Needed
Phase 2: Determine Item Specs/Quantity Needed
Phase 1: Recognize Problem/Need
![Page 22: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/22.jpg)
Four Basic Sales Strategy Elements
Account Targeting
Selling
Relationship
Sales Channel
![Page 23: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/23.jpg)
Sales Strategy:Account-Targeting Strategy
The classification of accounts within a target market into categories for the purpose of developing strategic approaches for selling to each account or account group.
Account Targeting
Relationship
Selling
Sales Channel
![Page 24: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/24.jpg)
Sales Strategy:Relationship Strategy
A determination of the type of relationship to be developed with different account groups.
Account Targeting
Relationship
Selling
Sales Channel
![Page 25: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/25.jpg)
Characteristics of Relationship Strategies
![Page 26: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/26.jpg)
Relationship Strategy Selling Costs
![Page 27: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/27.jpg)
Sales Strategy: Selling Strategy
A planned selling approach for each relationship strategy. Developing efficient and effective selling strategies is an important sales management task.
Account Targeting
Relationship
Selling
Sales Channel
![Page 28: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/28.jpg)
Sales Strategy: Sales Channel Strategy
Ensuring that accounts receive selling effort coverage in an effective and efficient manner. Sales channel options include:
• The Internet
• Industrial Distributors
• Independent Representatives
• Team Selling
• Telemarketing
• Trade Shows
Account Targeting
Relationship
Selling
Sales Channel
![Page 29: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/29.jpg)
Sales Channel Strategy: The Internet
Used strategically to:
• Increase Reach
• Gather Information about Customers
• Showcase New Products
• Conduct Surveys
• Enhance Corporate Image
• Obtain Feedback
• Service Existing Customers
![Page 30: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/30.jpg)
Sales Channel Strategy:Industrial Distributors
Essentially, channel intermediaries that:
• Have Their Own Sales Force
• May Represent One Manufacturer; Several Non-competing Manufacturers; Several Competing Manufacturers
• Take Title to the Goods and Normally Carry Inventory
![Page 31: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/31.jpg)
Sales Channel Strategy: Independent or Manufacturers’ Reps
Outsourcing the selling effort to individuals or organizations that:
• Sell complimentary products from non-competing manufacturers.
• Do Not Take Title to the Goods or Carry Inventory
• Are Paid for Performance
• Have Control over the Selling Effort
• May Control Access to Customer Information
![Page 32: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/32.jpg)
Independent Representatives vs. Company Salesforce - Costs
![Page 33: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/33.jpg)
Sales Channel Strategy: Team Selling
Multiple individuals from the selling organization working together to develop and expand relationships with one or more accounts.
![Page 34: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/34.jpg)
Team Selling and the Buyer Center
![Page 35: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/35.jpg)
Sales Channel Strategy: Telemarketing
Using the telephone as a means of customer contact. When integrated with field sales force, activities include:
• Prospecting, Qualifying Leads, Conducting Surveys
• Taking Orders, Checking on Order Status, Handling Order Problems
• Following Up for Repeat Business
![Page 36: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/36.jpg)
Sales Channel Strategy: Trade Shows
• Generate Leads
• Test Market New Products
• Introduce New Products
• Close Sales
• Gather Competitive Information
• Service Existing Customers
• Enhance Corporate Image
Events at which the company exhibits its
wares. Used by organizations to:
![Page 37: Organizational Strategies and The Sales Function - myCSU · organizational buyer behavior. Learning Objectives 7. Define an account targeting strategy. 8. Explain the different types](https://reader034.fdocuments.us/reader034/viewer/2022051800/5ad40d087f8b9a5c638b5bc3/html5/thumbnails/37.jpg)
Channel Conflict
Occurs when the
interests of different
channels or are not
consistent.