February 4, 2010

High Sales Force Effectiveness Requires The Proper Methodology

A sales force must be incentivised if it is to be truly effective. However, the methods of incentivisation are often misinterpreted, poorly devised or glossed over, ultimately leading to low levels of efficiency and morale, poorly motivated individuals and lacklustre results. 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. The team must not only be knowledgeable about the product, its features and benefits, but must be infused with the knowledge, techniques and strategies needed to exist and produce within a highly competitive commercial environment. The sales team must be well established and managed and pharmaceutical consultants have the experience, knowledge and background to enable this objective.

Far too often the act of a sale is construed as a perfect result. 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.

Productivity generally increases if an individual is incentivised, as this is within our nature. Create sensible goals to move the sales force forward. If this is handled correctly it will create a volatile and effective environment, but it can also be detrimental if handled poorly. The goals set should represent a journey rather than the destination and multi-tiered targets should encourage, but always lead to a “carrot” which is just out of reach. This will ensure that the sales executive is constantly engaged.

In most cases, pharmaceutical consulting firms tell us that sales executives spend the majority of their time on ancillary and sometimes mundane administrative work and a minority of their time in direct communication with prospects or engaged with client management. Due to this amazing statistic, time management should be a top priority and executives should do whatever they can to cut down on the ancillary or administrative work necessary. Indeed, if these boring tasks get completely out of control, certain personality types can rebel and this can have a serious, knock-on effect on creativity and achievements.

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. While administrative burdens should be kept to a minimum as we have said, training must nevertheless be prioritised. Generally, pharma consulting firms can help to roll out the latest in procedures, educate in technical issues and methodology and focus on product awareness. These companies can bring a lot to the corporate table, using an extensive industry background, a variety of different perspectives, pep talks and rallies at just the right time to eliminate even the traces of negative emotions.

Alan Gillies is the CEO of L2L Consulting, a cutting-edge pharma consultancy firm which specialises in optimising productivity and performance within international companies by applying tailored organisational strategies.

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