Chapter Ten Understanding and Negotiating with Organizational Buyers PowerPoint presentation prepared by Dr. Rajiv Mehta Chapter Outline • Types of organizational markets • What organizational buyers want from salespeople • Industrial markets • Resellers • Government markets • Not-for-profit markets • Negotiating styles of organizational buyers • Business orientation of organizational buyers • International negotiations Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 2 Learning Objectives After reading this chapter, you should understand: • Four kinds of organizational buyers. • Roles of the members of the buying center. • Major steps in the buying process and the three types of buying situations. • Why, what, and how organizational markets buy products and services. • Six negotiation styles of organizational buyers. • Buyers’ preferred relationships with salespeople. • Decision-making styles of buyers. • How to do business in international markets. Royalty-Free, Digital Vision/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 3 Types of Organizational Markets • From a salesperson's perspective, there are four types of organizational markets 1. Industrial markets • Also called producer or manufacturer markets, these are organizations that buy goods and services or the production of other products and services that are sold, rented, or supplied to other organizations and final consumers Royalty-Free, Photodisc/Getty Images 2. Reseller markets • Individuals and organizations (retailers, wholesalers, and industrial distributors) that buy goods to resell or rent to other organizations and final consumers Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 4 Types of Organizational Markets cont’d 3. Government markets • Federal, state, and local governmental units that buy goods and services for conducting the functions of government Royalty-Free, Photodisc/Getty Images 4. Nonprofit markets • Organizations such as public and private universities, colleges, hospitals, nursing homes, prisons, museums, libraries, and charitable institutions that buy goods and services for carrying out their functions Royalty-Free, Stockdisc Premium/Getty Images Chapter Review Question: What four major characteristics distinguish nonprofit markets from the three other organizational markets? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 5 What Organizational Buyers Want from Salespeople • To buy from salespeople they trust to deliver on their promises, provide reliable service, and supply them with precise, accurate, and complete information Royalty-Free, Photodisc/Getty Images • To do business with salespeople who are looking out for their organization’s best interests and who help them look good personally Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 6 Creating and Maintaining Long-Term Relationships • Relationships in organizational markets are critical for customer satisfaction and loyalty • Salespeople who successfully sell to organizations understand that it is more profitable to create and nurture long-term relationships with customers (instead of taking a short-term view that emphasizes profit) Royalty-Free, Digital Vision/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 7 Selling the Relationship • Relationship selling includes all activities aimed at creating, developing, and maintaining successful exchange relationships with prospects and customers • Relationships between buyers and sellers are more effective and longlasting when both parties cooperate with one another, have mutual trust in one another, and realize that each of them needs the other Copyright © Houghton Mifflin Company. All rights reserved. Royalty-Free, Digital Vision/Getty Images Chapter 10 | Slide 8 Industrial Markets • Largest and most diverse of all the organizational markets; dollar volume far exceeds that for consumer markets. Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. • There are more careers in industrial selling than in other kind of selling because almost all industries buy from and sell to one another in creating products for the final consumer Chapter 10 | Slide 9 North American Industry Classification System (NAICS) • One of the best basic sources for identifying new business prospects and their general requirements is the North American Industry Classification System (NAICS) published by the U.S. Office of Management and Budget (OMB) Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. • NAICS replaces the old Standard Industrial Classification (SIC) System and provides for standardization in reporting economic data between Mexico, Canada, and the United States Chapter 10 | Slide 10 North American Industry Classification System (NAICS) cont’d • NAICS is more detailed than SIC and provides better coverage of services such as health care, entertainment, and financial institutions • The NAICS code starts with the broad industry category identified by two digits then focuses more specifically on products and services with each additional digit Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 11 Figure 10.1: North American Industrial Classification System for Identifying Business Prospects Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 12 Industrial Market Characteristics cont’d • Industrial markets differ from consumer markets in: 1. Demand • Industrial demand tends to be derived demand as the demand for the industrial good comes from demand for a consumer good 2. Buyers • Industrial buyers tend to be geographically concentrated 3. Purchasing Process • • Industrial purchases are less frequent and normally require a longer negotiation period than do consumer purchases Organizations often tend to buy from one another and engage in a mutual exchange of benefits 4. Marketing Mix • The many differences between industrial and consumer markets in terms of demand, buyers, and purchasing process require that companies selling to industrial organizations develop marketing mixes tailored to specific customer groups and their unique needs Chapter Review Question: Compare and contrast industrial markets and consumer markets. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 13 Table 10.1 Industrial Versus Consumer Market Characteristics Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 14 Table 10.1 Industrial Versus Consumer Market Characteristics cont’d Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 15 The Role of the Industrial Buyer • Industrial buyers are frequently called “purchasing agents” because they are the buying experts for their organizations • The success of industrial buyers depends largely on their ability to: 1. Negotiate favorable prices and purchase terms 2. Develop alternative solutions to buying problems 3. Protect the organization's cost structure 4. Assure reliable, long-run sources of supply 5. Maintain good relationships with suppliers 6. Manage the procurement process Royalty-Free, Digital Vision/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 16 What Do Industrial Markets Buy? cont’d • Industrial buyers are interested in three basic categories of goods and service: 1. Foundation Goods • Goods used in the production process that do not become part of the finished product, such as fixed major equipment and office equipment 2. Entering Goods • Ingredients or components that become part of the finished product, such as raw materials and semi-manufactured goods 3. Facilitating Goods • Consumed while assisting in the ongoing production process, such as maintenance and repair items Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 17 Table 10.2 Classification of Industrial Goods Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 18 Table 10.2 Classification of Industrial Goods cont’d Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 19 Table 10.2 Classification of Industrial Goods cont’d Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 20 How Do Industrial Markets Buy? • In larger organizations, it’s realistic to refer to industrial purchasing operations as buying centers because several people participate in purchasing decisions Royalty-Free, Digital Vision/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 21 Buying Centers cont’d • A buying center consists of all people in the organization who participate in or influence the purchase decision process and may include anyone playing any of the following six roles in the buying process 1. Initiators • 2. Gatekeepers • 3. Copyright © Houghton Mifflin Company. All rights reserved. People who control information or access to decision makers Influencers • Royalty-Free, Digital Vision/Getty Images People who first recognize a problem which may require the purchase of a product or service People who influence the purchase decision by setting specifications or by providing information about evaluating alternatives Chapter 10 | Slide 22 Buying Centers cont’d 4. Deciders • Higher level managers who have power to approve suppliers and final purchase decisions 5. Buyers • People with formal responsibility and authority to order products and negotiate purchase terms 6. Users • Royalty-Free, Digital Vision/Getty Images People who will actually use the product or service and can help initiate the purchase and set specifications Chapter Review Question: What are the six roles that different members of a buying center can play in the industrial buying process? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 23 Types of Buying Situations cont’d There are three basic types of buying situations 1. Straight rebuy • 2. Modified rebuy • 3. Routine reorder such as office supplies and utilities Change in product specifications, prices, or supplier performance, such as consulting services, company vehicles, and heavy equipment New task buy • Royalty-Free, Photodisc/Getty Images Complex product purchase such as a new heating plant or the construction of a building Chapter Review Question: List, discuss, and give examples of the three types of industrial buying situations. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 24 Figure 10.2: Three Types of Industrial Buying Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 25 Stages in the Buying Process cont’d There are eight major steps in the buying process: 1. Recognizing the problem 2. Describing the basic need 3. Developing product specifications 4. Searching for suppliers 5. Soliciting proposals • Basic decision criteria: (i) performance, (ii) economic, (iii) integrative, (iv) adaptive, and (v) legalistic 6. Evaluating proposals and selecting suppliers 7. Setting up the ordering procedure 8. Reviewing performance Chapter Review Question: Name and describe the sequential stages in the industrial buying process. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 26 Resellers • Includes all those intermediary organizations that buy goods for reselling or renting to others at a profit or for conducting their own operations Royalty-Free, Photodisc/Getty Images • Resellers serve as purchasing agents for their customers Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 27 Types of Resellers cont’d 1. Industrial distributors • Sell to manufacturers and producers. • There are three types of industrial distributors: a) General-line distributors (mill supply houses) b) Specialist firms c) Combination houses Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 28 Resellers 2. Wholesalers • Dell to retailers • More than 370,000 wholesalers in the U.S. who handle half of all manufacturer consumer goods 3. Retailers • Sell to consumers • Most retail store salespeople, usually called salesclerks, are little more than order takers; only recently have a few large chains begun offering incentives or commissions on sales to their retail salespeople Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 29 Reseller Buying Situations cont’d • Resellers usually find themselves concerned with one or more of three types of buying situations • New-product • Royalty-Free, Photodisc/Getty Images • • Six criteria most often used for new product buying situations are a. Pricing and profit margins b. Product's uniqueness and strength of the product category c. Seller's intended positioning and marketing plan d. Test market evidence of consumer acceptance e. Advertising and sales promotion support f. Selling company's reputation Selection of the best supplier Better set of terms from current supplier Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 30 Reseller Information Systems • Electronic point-of-sale (POS) systems and in-store computers began appearing in retail outlets in the early 1970s • Today, resellers often have more information than the salesperson about inventory turnover, product performance, cash flow, customer complaints, and accounts payable Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 31 Computer-Assisted Buying Royalty-Free, Photodisc/Getty Images • As reseller information systems based on computerized purchasing operations increase in sophistication, the professional salesperson's job will rapidly shift toward providing buyers with detailed and comprehensive data • Some salespeople have already edged out competitors by providing their reseller customers with individualized merchandising service Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 32 Incentives and Sales Tools Offered to Resellers • Several incentives and sales tools can be used to make help salespeople make their offerings more attractive to resellers • Radio Frequency Identification (RFID) • Reseller Contests and Sweepstakes • Point-of-Sale Inventory-Tracking Systems • Point-of-Purchase Displays • Product Tags • In-Store Demonstrations • Cooperative Advertising Allowances • Slotting Allowances • Promotional Pricing • Reseller Training Programs • Just-in-Time Purchasing • Trade Margins and Allowances Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 33 Table 10.3 Incentives Offered to Resellers Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 34 Government Markets Royalty-Free, Photodisc/Getty Images • The U.S. government, 50 state governments, more than 3,000 county governments, and 86,000 local government units purchase over $1 trillion worth of goods and services annually • The federal government accounts for more than 40 percent of the total spent by all government levels Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 35 Sales Opportunities in Government Markets • Government markets offer opportunities for both producers and “middlemen” to sell everything from spacecraft to toothpaste—everything needed to provide citizens with such services as national defense, fire and police protection, education, health care, water, postal service, waste disposal, and public transportation • Government purchasing patterns sometimes change abruptly in response to budget constraints and the service demands of citizens Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 36 How Do Governments Buy? • Federal buying is done for two sectors: 1. The General Services Administration (GSA) purchases goods and services for civilian government agencies. • • • 2. The Defense Logistics Agency (DLA) purchases for the military services. Both the GSA and the DLA function like wholesalers and resellers for other government units. Nearly 20 percent of all government contracts are awarded on the basis of only one bid. Most purchases are made by either negotiated contracts or open bids (where the award usually goes to the lower-cost qualified bidder). Chapter Review Question: Briefly discuss government markets. What are the two sectors for which the federal government buys? How are most government purchases made? What sources of help in dealing with the government are available? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 37 Not-for-Profit Markets • Also called noncommercial or not-for-profit organizations, nonprofits include colleges, hospitals, libraries, charities, churches, museums, and various associations such as the National Organization for Women (NOW) and the American Association of Retired People (AARP) • Nonprofit organizations have distinct characteristics: 1. providing services and creating social change 2. close public scrutiny from multiple publics 3. multiple objectives such as the social impact of their efforts, the number of people served, and the amount of donation attracted 4. dual management (professional managers and specialists with managerial responsibilities) Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 38 Negotiating Styles of Organizational Buyers cont’d 1. Hard Bargainers • Keep several suppliers competing aggressively against one another to win the business 2. Facilitators • Try to work efficiently and cooperatively with salespeople to reach mutually acceptable agreement 3. Straight-Shooters • Exhibit honesty and integrity throughout negotiations and refrain from pressuring the salesperson into concessions Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 39 Negotiating Styles of Organizational Buyers cont’d 4. Socializers • Keep several suppliers competing aggressively against one another to win the business 5. Persuaders • Try to make salespeople show respect to them and their organizations and express appreciation for their business 6. Considerate buyers • Empathize with salespeople and try to work with them to reach mutually acceptable agreements Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 40 Business Orientation of Organizational Buyers • Organizational buyers differ with respect to the preferred kind of relationship they have with salespeople • Salespeople must determine the kind of relationship their prospects and customers desire and adapt their behavior accordingly Royalty-Free, Digital Vision/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 41 Business Orientation of Organizational Buyers cont’d • Three types of customers have been identified with respect to their preferred relationship: 1. Commercial Friends • Interact with salespeople like personal friends, as they share intimacy and casual conversation and engage in joint leisure activities beyond the usual sales call (e.g., attending sporting events). Such relationships tend to be long term. Royalty-Free, Digital Vision/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 42 Business Orientation of Organizational Buyers cont’d 2. Customer Coworkers • Treat salespeople almost like a fellow employee and meld both personal and business aspects of the relationship, but are less intimate than commercial friends are with salespeople. As with commercial friends, relationships between the salespeople and a customer coworker are long term. Royalty-Free, Digital Vision/Getty Images 3. Business Acquaintances • Maintain a formal relationship with salespeople and are reliant on them for economic gain; although the association is cordial—and may even incorporate discussions of personal life—it lacks intimacy and does not entail interaction beyond the business context. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 43 Buyers and Decision-Making Styles cont’d • There are three kinds of decision-making styles: (1) Planning-oriented, (2) Entrepreneurially Oriented, and (3) Bureaucratically Oriented • A buyer’s style influences his or her preferences for the seller’s selling strategy. • The selling strategy a salesperson uses with a given customer should reflect that customer’s decision-making style. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 44 Buyers and Decision-Making Styles cont’d 1. Planning-Oriented Style • Entails making decisions on the basis of long-run considerations, as the needs of the firm are carefully evaluated and planned. It requires detailed information and consultations with multiple departments 2. Entrepreneurially Oriented Style • Try to work efficiently and cooperatively with salespeople to reach mutually acceptable agreement 3. Bureaucratically Oriented Style • Characterized by utilization of formal rules and policies that determine information flows, activities, and interactions among company members Chapter Review Question: Compare and contrast the three different types of decision-making styles used by professional buyers: the planning-oriented, entrepreneurially oriented, and bureaucratically oriented styles. How would you negotiate with buyers who exhibit each of the three styles? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 45 Table 10.4 Type of Decision-Making Style Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 46 International Negotiations • As domestic markets become saturated, nearly every company is interested in increasing international sales • This is little more than wishful thinking until the company's sales representatives find global customers, build trustful relationships, and bring the global sales concept to reality Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. • Therefore, professional sales personnel must be especially aware of cultural differences that they will encounter when doing business with international organizational buyers and how those differences will influence the buyer-seller relationship Chapter 10 | Slide 47 Guidelines for Doing Business in International Markets • Several guidelines are important to consider in international selling: • Don't Be in a Hurry • Understand Time • Continue Gathering Information • Be Comfortable with Silence • Never Be Confrontational or Argumentative • Thoroughly Prepare Before Any Negotiations • Stay Open to Different Negotiating Styles • Try Negotiating by the Other Side's Rule Book • Be Knowledgeable About Etiquette in Other Cultures Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 48 Table 10.5 Considerations in Doing International Business Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 49 Table 10.5 Considerations in Doing International Business cont’d Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 50 Table 10.5 Considerations in Doing International Business cont’d Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 51 Table 10.5 Considerations in Doing International Business cont’d Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 52 International Views of Negotiation • Buyers from other countries often see U.S salespeople as negotiating with a "winner-take-all" attitude Royalty-Free, Photodisc/Getty Images • Many other cultures, by contrast, prefer to develop buyerseller relationships up front that encourage win-win negotiations based on trust • International negotiators generally believe that trust and shared interests characterize a healthy relationship, not some complex legal contract Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 53 Know Your Negotiating Partner • When salespeople engage in international negotiations, they must understand local customers—traditions, customs, habits, and sensitivities Royalty-Free, Photodisc/Getty Images • This will help avoid misunderstandings, enhance mutual respect, and increase the chances for success in the negotiations Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 54 Business Etiquette in Other Cultures • Salespeople must learn as much as they can about local business etiquette when negotiating in different countries • Avoiding a mistake in business etiquette can often make the difference between successful and unsuccessful negotiations Royalty-Free, Photodisc/Getty Images Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 55 Business Etiquette in Other Cultures cont’d Some major issues to be aware of and sensitive to • Use of business cards • Use of first names • Eye contact • Understanding what “yes” means • Acceptance of gifts • Interpretation of smiling handshakes • Use of one’s voice • Posture and body language Copyright © Houghton Mifflin Company. All rights reserved. • Distance between buyer and seller • Awareness of host country holidays • Use of the term “foreigners“ • Importance of face-to-face contact • Importance of humility and modesty Chapter Review Question: Provide some basic guidelines and rules of business etiquette for salespeople selling in international markets. Chapter 10 | Slide 56 Key Terms • • • • • North American Industry Classification System (NAICS) • Focuses on all activities aimed at creating, developing, and maintaining successful exchange relationships with prospects and customers. Derived Demand • Demand created as a result of consumer demand; typical of industrial markets. Reciprocity • In industrial buyer-seller relationships, an informal agreement between two or more organizations to exchange goods and services on a systematic and more or less exclusive basis. In other words, “you buy from me, and I’ll buy from you.” Industrial Buyer • The buying expert for an organization. Sometimes called the purchasing agent. Foundation Goods • Goods used in the production process that do not become part of the finished product, such as fixed major machine tools and office equipment. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 57 Key Terms cont’d • Entering Goods • Ingredients or components that become part of the finished product, such as raw materials and semi-manufactured goods. • Facilitating Goods • Goods consumed in the ongoing production process, such as maintenance and repair items. • Gatekeeper • Person who controls information or access to decision makers. Examples include technical advisers, secretaries, security guards, and even telephone switchboard operators. • Influencers • People who can influence the purchase decision by helping set product specifications, negotiating purchasing procedures and prices, or providing information about evaluating alternatives. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 58 Key Terms cont’d • Buying Center • In a buying organization, a group of organization members responsible for making purchases. • FedBizOpps.gov • Website that contains all federal contracting community solicitations for purchases exceeding $25,000 • Dual Management • A management system in which both professional managers and specialists without managerial training run an organization, sometimes resulting in conflict. Typical of many nonprofit organizations. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 59 Chapter Review Questions 1. Explain why industrial demand is derived demand. Why are industrial markets more price inelastic and volatile than consumer markets? 2. Name the different criteria on which the success of a purchasing agent is determined by his or her company. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 60 Topics for Thought and Class Discussion 1. How would you go about becoming acquainted with members of an organization’s “buying center”? How would you determine which specific role each person played? 2. What do you think about the practice of reciprocity in business? 3. If you were a small business owner who wanted to obtain some federal government contracts, how would you find out how to sell to the government? Outline the steps that you would take. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 61 Topics for Thought and Class Discussion cont’d 4. What do you think are some of the reasons why U.S. salespeople sometimes fail when trying to negotiate contracts with prospects from other countries? What might they do to increase their success? 5. Of the four different types of organizations (manufacturers, resellers, governments, and nonprofits), which do you think you would most like to call on as a salesperson? Which would you least like to call on? Why? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 62 Internet Exercises 1. Use the Internet to access the North American Industry Classification System (NAICS) website at www.naics.com. What are the different industrial sectors on which you can find information? Describe the type of information that is available about manufacturing and service firms in North America. As a salesperson, how would you be able to use this information? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 63 Internet Exercises cont’d 2. Using Google or any other search engine, find guidelines (in addition to those discussed in this chapter) for doing business in international markets. 3. Use the Internet to find articles on business etiquette that salespeople should be aware of when doing business in countries whose cultural systems are very different from those in the United States. 4. Using an Internet search engine, find articles on different international negotiation approaches. Which countries do you think differ the most in their negotiation approaches? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 64 Projects For Personal Growth 1. Your company’s R&D department has developed a chemical compound made from corn by-products that provides airtight sealing properties when coated over various substances. R&D scientists believe that this product, tentatively named Sealatron, will have many uses in the heavy construction industry. They say it may be appropriate for a final coating on top of the outer insulation wrappings for large oil and gas pipes, power lines, and perhaps sewer and water mains. It might also be used for waterproofing the exteriors of commercial buildings. Go to your school library and use the North American Industry Classification System (NAICS) to research the potential markets for this new chemical sealant. How specifically can you define the potential markets with NAICS digits? Once you’ve found the level of specificity that you want, how will you use the NAICS information? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 65 Projects For Personal Growth cont’d 2. Assume that you sell for a small clothing manufacturer that wants to supply your company’s undershirts, undershorts, and trousers to one or more of the military branches. Go to FedBizOpps.gov and see what information you can find about federal government solicitations for clothing contracts. What other websites did you visit to find more information? Keep at it until you find at least two solicitations that you believe your company could bid on. Find out how, when, and where to submit your bid. 3. Select a country (other than the United States) in which you would like to sell products and services for a U.S.-based company. What are some basic considerations and rules of etiquette that you need to know and follow in order to sell successfully in this country? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 66 Case 10.1: Do I Really Have To Worry About All These People? 1. In terms of buying-center roles (initiators, gatekeepers, influencers, deciders, buyers, and users), how should Linda classify each of the seven people she met at Gamble & Simpson (Marie Doyle, Bill Constantin, Esther Hughes, Dr. Stuart Forbes, Dr. Li Chu, Fred Burnett, and Dr. Leland Birsner) 2. Which of these people do you think has the greatest influence on purchase decisions? Why? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 67 Case 10.1: Do I Really Have To Worry About All These People? cont’d 3. What advice would you give Linda in her efforts to think up a strategy and tactics to develop and maintain good relationships with all of these buying center members? 4. Now that her first sales call is over, what should Linda do to follow up with some or all of the Gamble & Simpson people? Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 68 Case 10.2: Now What Am I Going To Do? 1. Do you think Keith has been doing a good job serving the Eaton account? Why or why not? 2. In what stage of the buying process is Eaton’s new purchasing organization? What is the buying situation from their perspective? 3. What specific actions would you advise Keith to take now? 4. If Keith manages to retain the Eaton account, what advice would you give him for long-run maintenance of the account? Case 10.2 is found online at http://college.hmco.com/pic/andersonps2e. Copyright © Houghton Mifflin Company. All rights reserved. Chapter 10 | Slide 69