January 2, 2010
Top Sales Force Effectiveness Requires The Proper Methodology
Proper incentivisation is critical to the effectiveness of an organisation's sales force. This must be correctly approached however, as it is often poorly thought out or even bypassed, leading to lacklustre results, a reduction in morale and the inefficient use of a key resource. It is not good enough for a pharmaceutical company to rest on its laurels when it comes to its creative ability, as it will be judged by the effectiveness of its sales and marketing team, which must be well trained. Such a team must be comprehensive, well balanced, able to employ different strategies and techniques and perform to a high-level of efficiency within a tough commercial field. The sales team must be well established and managed and pharmaceutical consultants have the experience, knowledge and background to enable this objective.
The achievement of the sale is not the end of the story. It is true to say that without sales nothing happens, but many different factors must be used to judge the absolute value of a sale. However efficient the executive, without the creation of a good relationship between both parties, the long-term baseline value of the transaction is questionable. In this analysis, incentives must be prepared and deployed selectively, with the aim of achieving a “win-win” solution all around.
It is human nature for an individual to likely be more productive if he or she is incentivised. Create sensible goals to move the sales force forward. Correct incentivisation will enhance the effectiveness of the sales force, but the opposite is also true. Rather than setting a goal, the incentive path should be a journey with multiple tiers and an endpoint that is always just out of reach. In this way, the sales executive will be always focused.
Feedback from pharmaceutical consulting firms will tell us that sales executives are often engaged with mundane and administrative work and spend only a small amount of their time directly communicating with productive targets. This is why time management should be considered as a top priority and company executives should never put onerous administrative and accounting burdens in front of their productive sales team. Creativity and enthusiasm can be stifled within certain outgoing personality types, through the imposition of onerous or even boring demands.
A sales force will only be really effective if a comprehensive training process is in place and the team member must feel that he or she is part of a dynamic organisation. Do not confuse administration with training – training is a priority, while administrative burdens should be minimised. Generally, pharma consulting firms can help to roll out the latest in procedures, educate in technical issues and methodology and focus on product awareness. Such companies have been proven to raise morale, cut out negative emotions, inject just the right amount of enthusiasm and draw on their extensive industry background.
Alan Gillies is the Managing Director of L2L Consulting, specialising in enabling pharmaceutical companies to achieve new heights of productivity and performance, throughout all levels of management and revenue generating activities.
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