measuring sales effectiveness in pharma- 2013

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Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst Measuring Sales Effectiveness Ifti Ahmed Ex-Head of sales Academy Global Marketing and Sales Excellence

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The measure used to assess sales performance have a huge impact on the character, nature, behaviours and ultimately the performance of the sales team. In this presentation I give a perspective on why this is important and how practically it can be applied.

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Page 1: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Measuring Sales EffectivenessIfti AhmedEx-Head of sales Academy

Global Marketing and Sales Excellence

Page 2: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Page 3: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Who is Titanium?

We have a deep understanding of Pharmaceutical industry and its challenges

We are professionals with significant track records and key positions in management and sales performance

We are experienced trainers and coaches with an average of 100 days delivered each year

We are recognized speakers and facilitators

We are based in Switzerland with a strong network around the world

Page 4: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

What does Titanium do? Training

We design customized trainings programs for our partners and manage their roll-out/implementation

We deliver trainings and coaching sessions in Management, Change Management, Performance and Sales Effectiveness

Consulting

We perform Business Process Improvement and reorganization, from the diagnostic phase to the implementation of the solutions, including actions plan

We have tools, Knowledge and capacity to help you measure sales & marketing performance

Page 5: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Sales excellence…….Can you just make them

good!

A sales manager!

Page 6: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Don’t just be good…….

Be good for something!

Henry David Thoreau

Page 7: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

How do we measure Sales effectiveness?

More sales = More effective?

Page 8: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Does that mean……

less sales = less effective?

Page 9: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Why measure?

Page 10: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

If you can’t measure it, You can’t manage it!

Page 11: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

The man who lost his keys!

Page 12: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Revenue

Customer Satisfaction

Market Share

Pipeline SizeVolume

Ramp-Up Time

IT Investment

Training Type

Coaching

Account Plan Completion

Tool Usage

Segment of Customer

Call Volume

Call Type

Up/Cross-Selling

Number of AccountsTime Allocation

Quota Achievement

Share-of-Wallet

Process Usage

Training Investment

Skill Level

Territory Coverage

New/Existing CustomersCall Outcomes

Customer Retention

Deal Size

Prospect Type

New/Existing ProductCan We Manage this Metric?

Courtsey of Jason Jordan- Vantage point performance

Page 13: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

These are salesperson and manager activities that we can proactively direct and manage

These are objectives that can only be influenced by managing preceding

Activities

These are the outcomes of multiple objectives and

cannot be ‘managed’ whatsoever

Courtsey of Jason Jordan- Vantage point performance

Page 14: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

What should we measure?

Page 15: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

15

Page 16: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Cause and Effect

Courtsey of Jason Jordan- Vantage point performance

Page 17: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Courtsey of Jason Jordan- Vantage point performance

Page 18: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Link the Objectives to relevant Activities, and manage the Activities

relentlessly

Select and quantify the Objectives that will BEST

lead to those Results

Identify the Results you want to achieve

Courtsey of Jason Jordan- Vantage point performance

Page 19: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Select These(carefully)

Manage These(rigorously)

Measure It

Page 20: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Quantity Vs Quality?

Page 21: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

One key component of Pharma sales excellence

Page 22: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Page 23: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

More than practice!!!

Page 24: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Our Self evolving systems

Page 25: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Skill Assessment Program: Coaching and training

Step 1: The knowledge Assessment

Assesses both knowledge and understanding through using the online assessment tool.

Step 2:The Behaviour Assessment

Assesses the behaviours using a simple electronic tool the “e-Valuator” this is a “360” process measuring the perceived behaviour as seen by the candidate, his superiors and his reports.

Step 3: Application

Certification requires that correct behaviours are applied to the correct frequency. This is recorded by the superior of the candidate who certifies the correct level based on personal observation in the Skill Analysis form.

Page 26: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Step 1. Track knowledge!

Page 27: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

E-Exam Email Invitation

Page 28: Measuring sales effectiveness in Pharma- 2013
Page 29: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Knowledge over time

Page 30: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

By function

Page 31: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

By function & knowledge segment

Page 32: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Across Business Units

Page 33: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

2. Track the behaviours

Page 34: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

What behaviours?

For Sales Managers

Change management

Management fundamentals

Coaching

Selling skills

Page 35: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Behaviour is interactive!Traditional 360 tools are effective

however they can be:

Complex

Time consuming

Expensive

Functionality is limited

The answer……a lighter, simple, fast and cost effective process

Page 36: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Track the behaviours

Page 37: Measuring sales effectiveness in Pharma- 2013
Page 38: Measuring sales effectiveness in Pharma- 2013
Page 39: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Track the behaviours

Page 40: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Track the behaviors

Page 41: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

3. Track the practice/ Application

Page 42: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Skill is more than practice!!!

Page 43: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Special thanks to:

Amit Patel from Itcetra.co.ukJason Jordan from Vantage point

Page 44: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

Contact me? [email protected]

[email protected]

Page 45: Measuring sales effectiveness in Pharma- 2013

Building sales and marketing excellence Titanium: Strong, Light, Reliable, High Performance Catalyst

The virtual trainer