2015 Spring Semester Syllabus T / Th. 5:30p-6: 45p MKT 464 / 664 Professional Sales, Negotiations Strategies and Tactics Instructor: Timothy McElroy E-Mail: timothy_mcelroy@ml.com Phone: 702.547.2918 /702 289-9179 Office: BEH 212 Office Hours: Immediately before & after class w Professional Sales, Negotiations Strategies and Tactics 1 Required Textbook Thomas N. Ingram, Raymond W. La Forge. Ramon A. Avila, Charles H. Schwepker, Jr. Michael R. Williams (2014). SELL, Cengage Learning, 2014. Course Objective Selling is a life skill. You will be challenged, taught, and transformed through a series of lectures, discussions, role plays and assignments that are designed to move you out of your comfort zone. Our lectures will define and clarify the knowledge, skills and discipline to be successful in selling. Role Plays: Experiential exhibitions to emphasize class concepts. Discussion: Based on readings, cases, and your experience. The class will be a dialogue that explores both B2B and B2C selling. Assignments: As described in the syllabus, these include a sales interview, individual presentation and a group sales presentation with a mock prospect. Learning Objectives You will be able to: Understand the key phases of the selling process and identify the common failure points in the selling process Conduct a professional sales presentation Build a set of sales skills and disciplines that will serve you in any career and in life Professional Sales, Negotiations Strategies and Tactics 2 Class Participation (20%) We will be spending a considerable amount of time in class discussions. My expectation is that everyone will contribute over the semester. A couple of thoughts for you to consider about classroom participation: Selling is a contact sport, so I expect you to take risks. Selling is action, and you can never be completely prepared with all of the information you need when you need it. I may call on you to Role-Play during class. If you jump in and it turns out you are wrong, you will be rewarded more than if you stay silent. Individual Assignments (20%) All students will be required to turn in all assignments. Late assignments are never permitted – NO EXCEPTIONS. Group Assignment (30%) For all group work, each team member will receive the same grade. Role-Playing Assignments (30%) The Final Role Play assignments will be assigned on 4/7/15. Class Attendance Attendance is important at all course sessions and for the duration of each session. You should notify me prior to missing a session. Email: Timothy_mcelroy@ml.com or 702 289-9179 cell While you are in class, please be present and ready to participate. GRADING: A 93.0-100; A- 90.0-92.9; B+ 88.0-89.9; B 83.0-87.9; B- 80.0-82.9; C+78.0-79.9; C 73.0-77.9; C- 70.072.9; D 65.0-69.9; F < 65. General Policies on Class Governance and Conduct Academic Misconduct – Academic integrity is a legitimate concern for every member of the campus community; all share in upholding the fundamental values of honesty, trust, respect, fairness, responsibility and professionalism. By choosing to join the UNLV community, students accept the expectations of the Academic Misconduct Policy and are encouraged when faced with choices to always take the ethical path. Students enrolling in UNLV assume the obligation to conduct themselves in a manner compatible with UNLV’s function as an educational institution. An example of academic misconduct is plagiarism. Plagiarism is using the words or ideas of another, from the Internet or any source, without proper citation of the sources. See the Student Academic Misconduct Policy (approved December 9, 2005) located at: http://studentconduct.unlv.edu/misconduct/policy.html. Copyright – The University requires all members of the University Community to familiarize themselves and to follow copyright and fair use requirements. You are individually and solely responsible for violations of copyright and fair use laws. The university will neither protect nor defend you nor assume any responsibility for employee or student violations of fair use laws. Violations of copyright laws could subject you to federal and state civil penalties and criminal liability, as well as disciplinary action under University policies. Additional information can be found at: http://www.unlv.edu/provost/copyright. Professional Sales, Negotiations Strategies and Tactics 3 Disability Resource Center (DRC) – The UNLV Disability Resource Center (SSC-A 143, http://drc.unlv.edu/, 702-895-0866) provides resources for students with disabilities. If you feel that you have a disability, please make an appointment with a Disabilities Specialist at the DRC to discuss what options may be available to you. If you are registered with the UNLV Disability Resource Center, bring your Academic Accommodation Plan from the DRC to me during office hours so that we may work together to develop strategies for implementing the accommodations to meet both your needs and the requirements of the course. Any information you provide is private and will be treated as such. To maintain the confidentiality of your request, please do not approach me before or after class to discuss your accommodation needs. Religious Holidays Policy – Any student missing class quizzes, examinations, or any other class or lab work because of observance of religious holidays shall be given an opportunity during that semester to make up missed work. The make-up will apply to the religious holiday absence only. It shall be the responsibility of the student to notify the instructor no later than the end of the first two weeks of classes, of his or her intention to participate in religious holidays which do not fall on state holidays or periods of class recess. This policy shall not apply in the event that administering the test or examination at an alternate time would impose an undue hardship on the instructor or the university that could not have reasonably been avoided. For additional information, please visit: http://catalog.unlv.edu/content.php?catoid=4&navoid=164. Incomplete Grades - The grade of I – Incomplete – can be granted when a student has satisfactorily completed all course work up to the withdrawal date of that semester/session but for reason(s) beyond the student’s control, and acceptable to the instructor, cannot complete the last part of the course, and the instructor believes that the student can finish the course without repeating it. A student who receives an I is responsible for making up whatever work was lacking at the end of the semester. If course requirements are not completed within the time indicated, a grade of F will be recorded and the GPA will be adjusted accordingly. Students who are fulfilling an Incomplete do not register for the course but make individual arrangements with the instructor who assigned the I grade. Tutoring – The Academic Success Center (ASC) provides tutoring and academic assistance for all UNLV students taking UNLV courses. Students are encouraged to stop by the ASC to learn more about subjects offered, tutoring times and other academic resources. The ASC is located across from the Student Services Complex (SSC). Students may learn more about tutoring services by calling (702) 895-3177 or visiting the tutoring web site at: http://academicsuccess.unlv.edu/tutoring/. UNLV Writing Center – One-on-one or small group assistance with writing is available free of charge to UNLV students at the Writing Center, located in CDC-3-301. Although walk-in consultations are sometimes available, students with appointments will receive priority assistance. Appointments may be made in person or by calling 895-3908. The student’s Rebel ID Card, a copy of the assignment (if possible), and two copies of any writing to be reviewed requested for the consultation. More information can be found at: http://writingcenter.unlv.edu/ Rebelmail – By policy, faculty and staff should e-mail students’ Rebelmail accounts only. Rebelmail is UNLV’s official e-mail system for students. It is one of the primary ways students receive official university communication such as information about deadlines, major campus events, and announcements. All UNLV Professional Sales, Negotiations Strategies and Tactics 4 students receive a Rebelmail account after they have been admitted to the university. Students’ e-mail prefixes are listed on class rosters. The suffix is always @unlv.nevada.edu. Final Examinations – The University requires that final exams given at the end of a course occur at the time and on the day specified in the final exam schedule. See the schedule at: http://www.unlv.edu/registrar/calendars. Any other class specific information - (e.g., absences, make-up exams, extra credit policies, plagiarism/cheating consequences, policy on electronic devices, specialized department or college tutoring programs, bringing children to class, policy on recording classroom lectures, etc.) DAILY COURSE SCHEDULE DAY TOPIC 1/20 Introduction, syllabus discussion 1/22 Chapter 1 1/27 Chapter 2 & 3 1/29 Chapter 3 *ROLE PLAY /Assignment #1 Interview a Salesperson Due 2/3 Chapter 4 & 5 2/5 Chapter 5 *ROLE PLAY 2/10 Chapter 6 2/12 Chapter 6 *ROLE PLAY 2/17 Chapter 6 2/19 REVIEW Chapter 1-6 *ROLE PLAY 2/24 In Class Preparation for Presentations 2/26 Assignment #2 Presentation Assignment (in class) 3/3 Chapter 7 3/5 Chapter 8 *ROLE PLAY 3/10 Chapter 8 Review 3/12 Chapter 9 *ROLE PLAY 3/17 Chapter 9 REVIEW 3/19 Chapter 9 REVIEW *ROLE PLAY Professional Sales, Negotiations Strategies and Tactics 5 3/24 Review Chapters 7-9 3/26 Review Chapters 7-9 *ROLE PLAY NOTE THE FINAL DAY TO DROP IS 4/3 3/30 to 4/3 SPRING BREAK! HAVE FUN. BE SAFE 4/7 Chapters 10-11 Review Company/Product Assignments for Sales Meeting (4/23 & 4/28) Final Fishbowl Role Play Assignments (5/7 & 5/12) 4/9 Chapters 10-11*ROLE PLAY 4/14 Chapters 10-11 4/16 Chapters 10-11*ROLE PLAY 4/21 *Prepare for Sales Meetings 4/23 Assignment #3 Sales Meeting with Prospect (in class) 4/28 Assignment #3 Sales Meeting with Prospect (in class) 4/30 Assignment #4 Sales Meeting Evaluations Due 5/5 * Review / Prepare for Final Fishbowl Role Play 5/7 Assignment #5 Final Fishbowl Role Play 5/12 Assignment #5 Final Fishbowl Role Play *Subject to change Assignment Basics Assignments are to be submitted BEFORE class begins on the due date specified. Assignments will never be accepted late—no exceptions. Assignment #1 Salesperson Interview Due 1/29- (Individual Assignment) Requirements Each student will be required to interview one salesperson (in person) and submit a written report: 1. How did you become a sales professional? 2. What is the hardest part about selling? What is the greatest part about selling? 3. What are the three most critical elements to being a high-performing sales person? I am looking for your interpretation of these questions and answers. A salesperson can be anyone who acts in a selling capacity. Guidelines Deliverables: 1 page written report (single spaced) Page limit: 1 page No coversheet required Place your name, NSHE, course title, and assignment title in the header Professional Sales, Negotiations Strategies and Tactics 6 Submission Submit your assignment via Web campus. Assignment #2 - Presentations Assignment Due 2/26 - (Individual Assignment) Requirements Each student will conduct a stand-up presentation during class time to a small group of four other students. The presentation will be on the subject of attending UNLV. Each presentation will be no more than five minutes in length, and each student will decide how to approach this presentation on his/her own. For the purposes of the exercise, you can assume that the “buyer” is a sophisticated buyer, and one who is looking at other options (schools). Round 1 Presentations will be conducted in groups of five students. Each group of students will pick a number, 1 through 5. The student selecting #1 will present first, and the student selecting #2 will serve as the “prospective customer.” The student with #3 will be the timer (using your phone/watch to give the presenter exactly five minutes). Students who have #’s 4 and 5 will offer student #1 feedback on the presentation. Round 2 The student who selected #2 will present next, student #3 will be the “prospective customer” and student #4 will be the timer. Students #1 and #5 will offer feedback on the presentation. There will be five rounds of presentations, with five minutes for the actual presentation and five minutes for the feedback (also timed by the designated timer). Once all five rounds are completed, each group of students will write down several “best- practices” they witnessed during the various presentations for class discussion. Preparation for this assignment Each student should watch five (3) TEDtalks at http://www.ted.com. You can select any TEDtalks that you find interesting. As you are watching these TEDtalks, make notes on several things: 1. What is the “style” of this presenter? 2. What support materials/content is he/she using, and is it helpful to the presentation? 3. What is one thing that I would like to emulate (or avoid) about this presenter? You are not required to use any materials during your presentation Assignment #3 - Sales Meeting with Mock Customer Due 4/23-4/28 (Group Assignment) Requirements Each team will conduct a Sales Meeting with a mock customer. The sales meetings will be conducted with one mock customer per team, and each meeting will last for a total of 15 minutes. Once the 15 minutes is up, each team will receive 10 minutes of immediate feedback from the customer. Your sales meeting is an opportunity to practice the skills, discipline and tools you have learned throughout the course, including: Building Rapport Asking impact questions Qualifying the prospect Active Listening Story Selling Handling/Overcoming objections Closing Each team will be thrown a “curve ball” by the prospect. Part of the overall team grade will depend on how the team handles the curve ball. *Details of your company and product will be assigned to you by the instructor on: April 7th. Professional Sales, Negotiations Strategies and Tactics 7 Grading Criteria The Sales Meeting will be judged on the following criteria: Use of selling skills, discipline and tools Persuasiveness Objection-handling Handling of the curve ball Listening Quality and style of presentation Meeting management The “little things” (handshakes, eye contact, dress, etc) Specific Sales Meeting Guidelines You should dress in business attire. The maximum duration of your meeting is 15 minutes. You do not need to fill the 15 minutes. If you achieve your goal for your sales meeting, you may move to the feedback part of the meeting. Each student should have a role in the Sales Meeting, and that role should be made clear to the customer. Assignment #4 Partner/Self Evaluation Due 4/30 - (Individual Assignment) Requirements & Submission As you reflect on your performance and your team’s performance in conducting the Sales Meeting, please submit an evaluation of yourself and your team. Submission Submit your assignment via Web campus. Assignment # 5 Final Fishbowl Role Play 5/7 & 5/9 Each student will conduct a closing sales presentation during class time to a prospective buyer. The presentation will be set up and assigned by the instructor on 4/7/15. Each presentation will be no more than 10 minutes in length, and each student will decide how to close the sale on his/her own. Grading Criteria The Final Fishbowl Role Play will be judged on the following criteria: Use of selling skills, discipline and tools Persuasiveness Objection-handling Handling of the curve ball Active Listening & Reflecting Quality and style of presentation Meeting management The “little things” (handshakes, eye contact, dress, etc) Professional Sales, Negotiations Strategies and Tactics 8