Life Sciences Sales Incentive Compensation

Life Sciences Sales Incentive Compensation
Author: Ph. D. John W. Keon
Publisher: Palmetto Publishing Group
Total Pages: 138
Release: 2019-04
Genre: Business & Economics
ISBN: 9781641111966

Compilation of White Papers Offering Insights, Best Practices and Tips to Maximizing Sales Force Motivation and Sales

Key Account Management Excellence in Pharma & Medtech

Key Account Management Excellence in Pharma & Medtech
Author: Mike Moorman
Publisher: Routledge
Total Pages: 174
Release: 2022-02-27
Genre: Business & Economics
ISBN: 1000573397

Key Account Management Excellence in Pharma & Medtech is designed to help life sciences practitioners develop and execute innovative and effective key account management (KAM) strategies and capabilities. Pharmaceutical and medtech companies are increasingly pursuing KAM in response to the rapid rise of large, sophisticated and complex healthcare provider and payer systems and groups. Those that invest the time to get KAM right will protect their business and grow with these rising customers. This book is groundbreaking in both its scope and its tailoring of leading KAM practices specifically for life sciences. The central theme is that "key account management is an organization-wide business strategy, not just a role or a sales-specific initiative." KAM is a strategy focused on providing unique offerings and value through an orchestrated, cross-functional, go-to-market model designed specifically to address the needs and engagement preferences of a unique segment of customers. The insights and practices shared in this book are designed to be a valuable reference at every stage of the KAM journey. The book has been designed to facilitate a common language and deep understanding of KAM issues and leading practices organization-wide—particularly for life sciences leaders, account managers and cross-functional team members responsible for building, transforming and supporting their organization’s KAM strategies and capabilities.

The Book on Incentive Compensation Management

The Book on Incentive Compensation Management
Author: David Kelly
Publisher: Lulu.com
Total Pages: 198
Release: 2014-04-10
Genre: Business & Economics
ISBN: 0996081003

Making Incentive Compensation Management - ICM - projects and operations more successful.

Success in Selling

Success in Selling
Author: Reza Sisakhti
Publisher: Association for Talent Development
Total Pages: 249
Release: 2015-12-03
Genre: Business & Economics
ISBN: 1607283220

Success in Selling: Developing a World-Class Sales Ecosystem presents timely research on key trends reshaping today’s sales profession and introduces the new ATD World-Class Sales Competency Model. An indispensable reference for assembling a world-class sales force, Success in Selling offers a significant revision of the 2008 ATD World-Class Competency Model. It is a comprehensive sales tool essential for all sales professionals—from those on the front line of selling, to those managing and developing sales talent, to those creating other sales enablement solutions. It provides guidance for customizing the model’s key competencies for both organizations and individual sales professionals and features case studies, job aids, templates, and other tools critical for personal and organizational success. The highly anticipated new edition: offers key analysis of trends shaping today’s sales ecosystem presents detailed descriptions of sales competencies that drive success describes how organizations and individuals can customize the new model to their own needs.

2022 Sales Compensation Almanac

2022 Sales Compensation Almanac
Author: David Cichelli
Publisher:
Total Pages: 342
Release: 2021-12-15
Genre:
ISBN: 9781735864648

Now in its 8th edition! The 2022 Sales Compensation Almanac provides the latest trends, resources and insights into sales compensation solutions. Sales compensation is an important management tool, yet needs constant attention. Excellent designs one year may give way to necessary updates and revisions the following year. Sales compensation stakeholders, including executive management, sales leaders, finance and HR professionals, are often looking for specific resources, survey findings and publications to address sales compensation design and administration challenges. The Sales Compensation Almanac provides the latest research and resources in this space.Featured Sections: Sales Compensation Trends Survey, Sales Compensation Hot Topics Survey, Sales Compensation Multiyear Trends, Reference Guide to Sales Compensation Surveys, Sales Compensation Administration Vendors Guide, Sales Compensation Education Resources, Case Studies, Whitepapers, Articles Listing.

A Practical Approach to Sales Compensation

A Practical Approach to Sales Compensation
Author: Doug J. Chung
Publisher:
Total Pages: 64
Release: 2020-06-04
Genre: Business & Economics
ISBN: 9781680836844

A Practical Approach to Sales Compensation takes readers through the evolution of academic research on sales compensation. By examining the relevance of existing research, it provides practical guidance on the design of an effective compensation system. Furthermore, the monograph discusses how recent technological advances in artificial intelligence (AI) and machine learning (ML) shape sales strategy transformation and, thus, sales compensation systems of the future. After an introduction, Section 2 illustrates a practical outline for designing a sales compensation system and the associated dilemma that organizations often face. Section 3 examines the theoretical foundations of effective sales compensation structures and their validity--in particular, application of the principal-agent theory, which derives optimal compensation systems under the presence of agents' moral hazard. Section 4 addresses recent developments in field research: randomized field experiments jointly conducted by academics and organizations as well as structural econometric methods using micro-level performance and compensation data. Section 5 illustrates how advances in technology affect organizations' sales strategies and, thus, the challenges and opportunities in utilizing compensation structure to motivate salespeople.

Valuation in Life Sciences

Valuation in Life Sciences
Author: Boris Bogdan
Publisher: Springer Science & Business Media
Total Pages: 342
Release: 2008-03-29
Genre: Business & Economics
ISBN: 3540782486

This is the first complete guide to valuation in life sciences for industry professionals, investors, and academics. Boris Bogdan and Ralph Villiger introduce the characteristics of drug and medical device development, explain how to translate these into the valuation, and provide valuable industry data. Special emphasis is put on the practicability of the proposed methods by including many hands-on examples, without compromising on realistic results.

Compensating the Sales Force, Third Edition: A Practical Guide to Designing Winning Sales Reward Programs

Compensating the Sales Force, Third Edition: A Practical Guide to Designing Winning Sales Reward Programs
Author: David J. Cichelli
Publisher: McGraw Hill Professional
Total Pages: 352
Release: 2017-11-24
Genre: Business & Economics
ISBN: 1260026825

Leverage the full power of your sales force with a cutting-edge compensation program Salespeople are motivated by many things—and how they’re paid tops the list. Sales compensation is one of the best tools for motivating any sales force and thus maximizing business revenue. Do you have strategically aligned sales compensation plans or are your pay plans holding back your sales force? Compensating the Sales Force has helped thousands of business leaders worldwide create sales compensation programs that drive sales performance, increase revenue, and trigger business growth. Now, this new edition brings you fully up to date with new approaches for a business landscape where product/solution objectives and customer needs are in constant in flux. Sales guru David Cichelli provides everything you need to build an incentive plan that delivers real financial results. He takes you step-by-step through the process of setting target pay, selecting the right performance measures, and establishing quotas. You’ll learn everything there is to know about: •Why job content drives sales compensation design •Methods for calculating formulas for payout purposes •The roles of quota allocation, sales crediting, and account assignment •Compensating a complex sales organization and global sales teams •Administering, monitoring, and measuring the effectiveness of the program An indispensable resource for anyone involved in sales compensation—from CEOs and sales managers to HR personnel to IT professionals—Compensating the Sales Force provides all the tools you need to design and implement a sales compensation plan that increases profits―and drives the sales team to exceed sales targets.