HiBu - Fakultet for økonomi og samfunnsvitenskap Bachelor i økonomi og ledelse Gjelder for studieåret 2013 – 2014 Side 1/2 MAR314 Sales Management and Selling 7,5 studiepoeng Engelsk, Norsk Bachelor i markedsføring Bachelor i økonomi og ledelse Vår 1. LEARNING OUTCOMES The course is designed to provide students with an understanding of the processes involved in personal selling and sales management. The course examines the elements that enable a salesforce to be an effective component of an organization’s overall marketing strategy. The course will extend students’ understanding of: the sales process, the relationship between sales and other organizational functions, the various types of salesforce structures, customer relationship management (CRM), the use of technology to improve salesforce effectiveness, and issues concerning recruiting, selecting, training, motivating, compensating, and retaining salespeople. Knowledge Upon completion of the course, the students will be able to: (1) demonstrate an understanding of the role that a salesforce plays in marketing strategies, (2) describe the selling process, (3) understand the factors that affect salesforce success, (4) identify and explain the processes involved in recruiting, selecting, training, motivating, compensating, and retaining salespeople. Skills Upon completion of the course, the students will be able to: (1) design a sales presentation that is tailored to a potential buyer’s needs; (2) identify factors that influence the success of a company’s salesforce; (3) create a salesforce strategy that takes into account organizational strategies, salesperson characteristics, structural relationships, product characteristics, and compensation/reward systems; (4) evaluate the success of a salesperson, based on individual objectives; and (5) evaluate the success of a salesforce, based on salesforce objectives. Competence Upon competition of the course, students will be able to understand, design, and manage the role of salespeople and salesforces in the marketing strategies of organizations. 2. CONTENT − − − − − − − − − − − − − − − − The importance of personal selling The sales process An overview of sales management tools Strategic planning Designing the sales organization Forecasting future sales Salesforce territory alignment Developing salesforce objectives and quotas Recruiting successful salespeople Hiring successful salespeople Creating and managing a sales training program Motivating salespeople Salesforce compensation Leading the salesforce Evaluating salespeople and the salesforce Social, legal, and ethical issues salespeople face Filnavn: Sales Management and Sales 13-14.docx Dato: 03.04.2013 Sign: LRL HiBu - Fakultet for økonomi og samfunnsvitenskap Bachelor i økonomi og ledelse Gjelder for studieåret 2013 – 2014 Side 2/2 3. STUDY METHOD The course uses a variety of learning strategies, including lectures, videos, class exercises, case studies, and student presentations. Guest speakers and company visits may be used, when appropriate. Students will be asked to evaluate key salesforce metrics, using basic statistics, to aid in making salesforce decisions. 4. PRE-REQUISITES None 5. CLASS PARTICIPATION None 6. ASSESSMENT Assignment Sales Presentation: Mock Sales Call (Video and planning materials) Salesforce Plan: Case Study (groups of 3-4 people) Weight 40% 60% The grades are described below. Grade A Description Excellent B Very good C Good D Satisfactory E Sufficient F Fail Qualitative description of valuation criteria An excellent performance, clearly outstanding. The candidate demonstrates excellent judgment and a high degree of independent thinking. A very good performance. The candidate demonstrates sound judgment and a very good degree of independent thinking. A good performance in most areas. The candidate demonstrates a reasonable degree of judgment and independent thinking in the most important areas. A satisfactory performance, but with significant shortcomings. The candidate demonstrates a limited degree of judgment and independent thinking. A performance that meets the minimum criteria, but no more. The candidate demonstrates a very limited degree of judgment and independent thinking. A performance that does not meet the minimum academic criteria. The candidate demonstrates an absence of both judgment and independent thinking. Exam aids Basic calculator Video capturing capability (e.g., webcam or digital camcorder) Course literature and Internet 7. LITERATURE This literature is subject to change. Required Reading Futrell, Charles (2001), Sales Management. (Available on Fronter for free.) Optional Reading Beckwith, Harry (1997), Selling the Invisible, New York, NY: Warner Books. Lytle, Chris (2000), The Accidental |Salesperson, New York, NY: AMACON. Obermayer, James (2007), Managing Sales Leads: Turning Cold Prospects into Hot Customers, Mason, OH: Thomson. Rogers, Beth (2007), Rethinking Sales management: A Strategic Guide for Practitioners, Hoboken, NJ: John Wiley & Sons, Ltd. Filnavn: Sales Management and Sales 13-14.docx Dato: 03.04.2013 Sign: LRL