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E-mail: follett@umich.edu
Phone: (415)336-8622 M
(734)222-0089 H
Course Description
M310 focuses on the selling organization. In a competitive world, having a
good sales team is crucial - there's no point in having a great product if you
cannot sell it! The sales force generates the revenue that enables the
operation of a company. The course begins with the discussion of the selling
process and the characteristics of successful sales representatives. It then
addresses the key elements to consider in building a sales management
structure and the operations of the structures elements. Specific topics
include: recruiting strategies, sales training requirements, sales organization
and management structures, sales territory creation, compensation plans,
motivation elements, quota, sales forecasting, sales process, sales force
automation and leadership skills. During the fifteen week course outside
speakers are used to bring a current business perspective to class
discussions. Case studies and problem exercises will also be used
extensively to expand discussions. In addition in order to provide a broad
view of many different sales operations problems, the class will be divided
into sales management teams with each team assigned to an existing
company VP of Sales. These teams will work with that executive via
telephone to understand the company’s business model, their financial
performance, their competition, their sales organization and specific sales
components such as territories, sales process and compensation plans. Each
of these teams will make a sales presentation to the class on their
company’s product. These executives will also identify a specific problem
that exists in their sales organization. The teams will gather information and
make recommendations on this problem and will present their findings and
recommendations in class.
Administrative details:
I am easiest to reach via e-mail or by my cell phone. Most individuals and
groups will also want to meet with me face-to-face. I will be available for
meetings from 5:30-7pm before class, although it’s valuable to make an
appointment . I am basically available all day Wednesday by appointment as
well. If none of these times are convenient for you, please do not hesitate to
suggest an alternative. Laptops should remain off during class. Please
adhere to this policy so we can get all of your attention. In addition I
expect all of you to be on time for our 7pm start.
Wednesday November 22
No Class – Thanksgiving
Part I: (15% for your presentation and 5% for your questions to other
groups).
Presentation (15%): Identify the key product (highest revenue, new product,
or a product important in some other way) of your company and the key
buyer for this product. Keep in mind any synergy in selling the key product
that you have identified and other products you may sell. Make a sales
presentation to this key buyer for your product (the class will act as the
buyer). The presentations are to be 15 minutes long and are to be
made in session 7 and 8 (Wed., Oct. 18 and Wed, Oct. 25). Do not do a
role play within your group as part of the presentation. Try to make the
presentation as real as possible -- use brochures, sample products, etc.
Questions will be asked throughout your 15 minute presentation, and you will
get an additional five minutes for questions at the end of your presentation.
Your grade for this presentation will be decided by the class.
Please hand the professor a paper copy of your presentation at the start of
class. Also, please e-mail a copy of the presentation to the professor.
2-5 page write-up: To foster lively discussion in class and to make the
sales presentations as realistic as possible, in session 6, Wednesday,
Oct. 11, a 2-5 page write-up (including exhibits) is due giving some
details of:
a) Your company
b) Your product
c) Competitive products available
d) The buyer
For d) “The Buyer”, please write a one page description of the key buyer.
Make sure to include a Table giving the advantages/disadvantages of your
product versus that of the competition. Remember to have an objective for
the Sales Presentation.
Please make a copy for the professor and for each of the other students. Note
that the buyers will be quite tough as in the real world.
Questions for other groups (5%): You should have thoroughly read the 2-
5-page write-ups for each of the groups and prepared questions for each
group. You can interrupt a group's presentation at any time with a legitimate
question. Try and really get into the role of the buyer.
Give a brief overview of the company's various divisions. For the divisions you
have chosen, provide the current
- sales organization structure (give a chart)
- size of sales force and territory
- motivation and compensation plans
- performance evaluation (if you want to use any forms, give
them in an Appendix)
- forecasting methodology
- quota assignment methodology
- hiring profile
- training programs
Full written report (10 pages maximum for text and 5 pages
maximum for exhibits): Due at the beginning of class in Session 13,
Wed., Nov 29. This applies to all groups irrespective of when you are
presenting. Please hand the professor a paper copy of your presentation at
the start of class on the day you are presenting. Also, please e-mail the
professor a copy of your presentation slides.
Please use this form to evaluate the contribution of all of the members of your
group by allocating 100 points across all members (including yourself). For
example, if you have a five member group and you believe that all members
contributed equally, you would give 20 points to each person. If you allocated the
points unequally, you must justify your allocation in the comment sections below.
Please turn in your complete evaluation form with your final exam. These
evaluation forms will be kept strictly confidential.
Comments:
©Christie Nordhielm 2004. Used with permission of the author.