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  • Will You Add? - Sales Management-Do The Inmates Run The Asylum

    Invoice Factoring
    Factoring is selling invoices to receive your money at the moment, instead of waiting for say, two to three months. That’s why it is one of the most important finance management tools - especially for a small company that does not create debt. Factoring does not require you to give up any ownership in your company.For carrying out any operation, finance is required. So, necessary finance is to be raised, allocated and controlled for the effective execution of any function. Success or failure of the firm as such depends on how effectively the finance part is undertaken.The finance function is comprised of the determining and raising of necessary funds from appropriate sources and their proper allocation and control. The aim is to attain the enterprise objective of wealth maximization. The wealth or the value of the firm
    However, if their performance deficiency is related to attitude (their numbers are good) we must consider the following:

    • Is this employee motivated to learn and change
    • Do you have the time and resources available to invest in behavior modification
    • Is this employee worth the investment

    If the answer is no to any of these questions --- Terminate

    If the answer to these questions is yes --- a personalized coaching and mentoring process must be established with clear ground rules and timelines for acceptable improvements.

    The biggest issue is that of motivation to change. Often times a Lone Wolf will not feel the threat of what can happen to them. As a result they don’t cooperate and work on changing their behavior. They have become complacent, arrogant and live in a comfort zone. This arrogance is what blocks their a

    Public Relations for WiMax Projects
    If you are planning a WiMax project in your Township, City, County or Rural Area then there are some things you need to understand about consumer buy-in and about the politics of the communication industry.You see, many people stand to lose quite a bit if you set up a City-Wide WiMax system and you might find the whole project in court. Of course a city government or such agency may be able to make laws okaying such a large project and clearing much of the legal debris and costs.Yet, also consider the need for citizen support and consumer buy-in because without it your project will have a tough row to hoe indeed. This means it makes sense to develop a little community goodwill and some rather robust marketing and a good solid public relations program is not a bad idea either. How can you promote strong public relations
    Handling sales people that can put up the numbers but break every rule in the book, someone that can’t get along with their peers and someone that drives inside sales people crazy can be very challenging for a sales manager. This will create a situation that ultimately will affect overall company performance regardless of this sales person’s individual success. This is especially true if this sales person holds the sales manager hostage knowing his numbers help keep corporate off the sales managers back.

    Do you pay the ransom?

    This type of sales person knows the score and generally uses it to their advantage. The only way to handle a situation like this is to call the bluff. But it must be done in a calculated way by using objective numbers to your advantage. The first step is to determine if this sales person is really responsible for the sales performance or are they just a member of the “Lucky Territory Club.” The second question relates to the true potential of the territory this sales person is assigned to. Are they maximizing market share growth and profitability? In other words, their performance may look good based on the goals set but are those goals too low and do they reflect the real potential that territory represents. Consider doing a fair share analysis for this territory. (E-mail rick@ceostrategist.com for a sample Fair Share Analysis)

    What’s the root cause?

    The next action is to step back and try to examine the situation from an outside perspective. Seek help from your mentor, your boss or even human resources. This type of situation doesn’t happen over night. Reexamine your culture, your management style and the accountability of the organization. Is this type of behavior common place? Has it been tolerated before? Have you as the sales manager set precedent in the past?

    In today’s environment Lone Wolf sales people generally don’t have as much ownership of the customers as either you or they think they have. If your company has a good reputation, services the customers well and have practiced tier level team selling, your risk of losing business by terminating this type of sales person is minimal.

    Doing nothing is not an option

    Allowing this type of behavior with no consequence sends the wrong message and it also gives permission to others that if they were that good at putting up numbers for the company they could do anything they want. Once you look at it from an outside perspective and see if the company has had complicity in the situation, then it is good to do a little self analysis to see if "you" have complicity in the situation. Frankly, in a situation such as this it is highly unlikely that the sales manager is not responsible for allowing this to happen. It is not about accepting this behavior, which is wrong; however, if the sales manager had reacted at the first sign of this type of behavior, this would never have happened. The solution, whichever one you choose, will likely involve improving the personal skill sets of the sales manager and creating boundaries for the sales team. Without establishing boundaries the situation will repeat itself.

    The Solutions ---- Termination, coach, mentor or train?

    This type of situation with an employee has limited options; we can either fire or teach. If an employee’s performance is not what is expected, it generally can be traced to a lack of training or they lack competency. However, if their performance deficiency is related to attitude (their numbers are good) we must consider the following:

    • Is this employee motivated to learn and change
    • Do you have the time and resources available to invest in behavior modification
    • Is this employee worth the investment

    If the answer is no to any of these questions --- Terminate

    If the answer to these questions is yes --- a personalized coaching and mentoring process must be established with clear ground rules and timelines for acceptable improvements.

    The biggest issue is that of motivation to change. Often times a Lone Wolf will not feel the threat of what can happen to them. As a result they don’t cooperate and work on changing their behavior. They have become complacent, arrogant and live in a comfort zone. This arrogance is what blocks their ab

    Self-Analysis Is Good For The Soul
    Every few years it is wise to do a self analysis. Who you are and where you are going with your career or your business?Before the fall influx of activity starts, take a hard look at you. Are there areas that don't quite meet your expectations?Let's start with a key part: your persona. Yes, we all could stand to lose a few pounds but what I am talking here is the perception you present to your customers and clients. Who are you and what image do you convey?When you walk out the door, aside from obvious personal grooming, are you presenting a confident, poised, prepared professional? Or are you harried, disorganized and totally unprepared for your upcoming face to face? Your persona is much more that just your physical appearance. You need to be comfortable with who you are and how you present yoursel
    ales performance or are they just a member of the “Lucky Territory Club.” The second question relates to the true potential of the territory this sales person is assigned to. Are they maximizing market share growth and profitability? In other words, their performance may look good based on the goals set but are those goals too low and do they reflect the real potential that territory represents. Consider doing a fair share analysis for this territory. (E-mail rick@ceostrategist.com for a sample Fair Share Analysis)

    What’s the root cause?

    The next action is to step back and try to examine the situation from an outside perspective. Seek help from your mentor, your boss or even human resources. This type of situation doesn’t happen over night. Reexamine your culture, your management style and the accountability of the organization. Is this type of behavior common place? Has it been tolerated before? Have you as the sales manager set precedent in the past?

    In today’s environment Lone Wolf sales people generally don’t have as much ownership of the customers as either you or they think they have. If your company has a good reputation, services the customers well and have practiced tier level team selling, your risk of losing business by terminating this type of sales person is minimal.

    Doing nothing is not an option

    Allowing this type of behavior with no consequence sends the wrong message and it also gives permission to others that if they were that good at putting up numbers for the company they could do anything they want. Once you look at it from an outside perspective and see if the company has had complicity in the situation, then it is good to do a little self analysis to see if "you" have complicity in the situation. Frankly, in a situation such as this it is highly unlikely that the sales manager is not responsible for allowing this to happen. It is not about accepting this behavior, which is wrong; however, if the sales manager had reacted at the first sign of this type of behavior, this would never have happened. The solution, whichever one you choose, will likely involve improving the personal skill sets of the sales manager and creating boundaries for the sales team. Without establishing boundaries the situation will repeat itself.

    The Solutions ---- Termination, coach, mentor or train?

    This type of situation with an employee has limited options; we can either fire or teach. If an employee’s performance is not what is expected, it generally can be traced to a lack of training or they lack competency. However, if their performance deficiency is related to attitude (their numbers are good) we must consider the following:

    • Is this employee motivated to learn and change
    • Do you have the time and resources available to invest in behavior modification
    • Is this employee worth the investment

    If the answer is no to any of these questions --- Terminate

    If the answer to these questions is yes --- a personalized coaching and mentoring process must be established with clear ground rules and timelines for acceptable improvements.

    The biggest issue is that of motivation to change. Often times a Lone Wolf will not feel the threat of what can happen to them. As a result they don’t cooperate and work on changing their behavior. They have become complacent, arrogant and live in a comfort zone. This arrogance is what blocks their a

    So Now You're the Boss
    Being a boss is hard work and it's different work from what you did as an individual contributor. Here are some important things you should know if you've just become a boss. For one thing, some people will start treating you like you're a jerk.You have not just become a jerk, but some people will think you have. There are people in the world who think that all bosses are jerks.Some of those people will be in the group that used to be your friends. The only thing you can do is the best job you can so you can give the ones willing to change their minds a reason to do so.That's not all. Some of them will expect special treatment. Some will use their "friendship" with you as a way to lord it over others.It is sad to lose those friends, but you will lose some. Your continuing friends will support you in you
    of behavior common place? Has it been tolerated before? Have you as the sales manager set precedent in the past?

    In today’s environment Lone Wolf sales people generally don’t have as much ownership of the customers as either you or they think they have. If your company has a good reputation, services the customers well and have practiced tier level team selling, your risk of losing business by terminating this type of sales person is minimal.

    Doing nothing is not an option

    Allowing this type of behavior with no consequence sends the wrong message and it also gives permission to others that if they were that good at putting up numbers for the company they could do anything they want. Once you look at it from an outside perspective and see if the company has had complicity in the situation, then it is good to do a little self analysis to see if "you" have complicity in the situation. Frankly, in a situation such as this it is highly unlikely that the sales manager is not responsible for allowing this to happen. It is not about accepting this behavior, which is wrong; however, if the sales manager had reacted at the first sign of this type of behavior, this would never have happened. The solution, whichever one you choose, will likely involve improving the personal skill sets of the sales manager and creating boundaries for the sales team. Without establishing boundaries the situation will repeat itself.

    The Solutions ---- Termination, coach, mentor or train?

    This type of situation with an employee has limited options; we can either fire or teach. If an employee’s performance is not what is expected, it generally can be traced to a lack of training or they lack competency. However, if their performance deficiency is related to attitude (their numbers are good) we must consider the following:

    • Is this employee motivated to learn and change
    • Do you have the time and resources available to invest in behavior modification
    • Is this employee worth the investment

    If the answer is no to any of these questions --- Terminate

    If the answer to these questions is yes --- a personalized coaching and mentoring process must be established with clear ground rules and timelines for acceptable improvements.

    The biggest issue is that of motivation to change. Often times a Lone Wolf will not feel the threat of what can happen to them. As a result they don’t cooperate and work on changing their behavior. They have become complacent, arrogant and live in a comfort zone. This arrogance is what blocks their a

    Self-Leadership in the Public Sector: An Expert Analysis
    As government agencies work to develop effective succession plans, they must keep in mind the high performance organization of tomorrow and not the static government organization of today. In his book, High Performance Government Organizations, Mark Popovich describes high-performance organizations as groups of employees who produce desired goods or services at higher quality with the same or fewer resources.As Popovich writes, “Their productivity and quality improve continuously from day to day, week to week, and year to year, leading to achievement of their mission.” Hence, succession planning and management can help the organization become what it needs to be rather than simply recreating the existing organization.At best, most succession planning efforts in the government so far have focused on developing programs
    o see if "you" have complicity in the situation. Frankly, in a situation such as this it is highly unlikely that the sales manager is not responsible for allowing this to happen. It is not about accepting this behavior, which is wrong; however, if the sales manager had reacted at the first sign of this type of behavior, this would never have happened. The solution, whichever one you choose, will likely involve improving the personal skill sets of the sales manager and creating boundaries for the sales team. Without establishing boundaries the situation will repeat itself.

    The Solutions ---- Termination, coach, mentor or train?

    This type of situation with an employee has limited options; we can either fire or teach. If an employee’s performance is not what is expected, it generally can be traced to a lack of training or they lack competency. However, if their performance deficiency is related to attitude (their numbers are good) we must consider the following:

    • Is this employee motivated to learn and change
    • Do you have the time and resources available to invest in behavior modification
    • Is this employee worth the investment

    If the answer is no to any of these questions --- Terminate

    If the answer to these questions is yes --- a personalized coaching and mentoring process must be established with clear ground rules and timelines for acceptable improvements.

    The biggest issue is that of motivation to change. Often times a Lone Wolf will not feel the threat of what can happen to them. As a result they don’t cooperate and work on changing their behavior. They have become complacent, arrogant and live in a comfort zone. This arrogance is what blocks their a

    Make Money With Google - Build An Effective PPC campaign
    Many people consider Google Adwords to be the simplest and fastest method to make money online. However, the fact is also that only 5 percent of people profit from this form of Pay Per Click advertising.It was relatively easy during 2003, 2004 and 2005 to venture into Adwords because of less competition. After that, with more and more people trying to make extra money, competition became much harder. Pay Per Click Programs became quite expensive and profits came down.One can have many objectives in using Google PPC advertising. But primarily it is designed to be used to divert traffic to a website for increasing sales.Anyone can use Google Adwords whether to boost one’s own sales or affiliate sales. One need not own even a website to profit from Google PPC. However, Google will not be displaying an ad pertaining
    However, if their performance deficiency is related to attitude (their numbers are good) we must consider the following:

    • Is this employee motivated to learn and change
    • Do you have the time and resources available to invest in behavior modification
    • Is this employee worth the investment

    If the answer is no to any of these questions --- Terminate

    If the answer to these questions is yes --- a personalized coaching and mentoring process must be established with clear ground rules and timelines for acceptable improvements.

    The biggest issue is that of motivation to change. Often times a Lone Wolf will not feel the threat of what can happen to them. As a result they don’t cooperate and work on changing their behavior. They have become complacent, arrogant and live in a comfort zone. This arrogance is what blocks their ability to realize that they need to change. If this type of response is recognized early on, termination is still an option.

    Who pulls the trigger?

    The last piece of the puzzle is to understand who will make the decision and what course of action to take. If the consequences of the actions compromise the strategic direction of the company, it becomes a decision that should involve discussion with the executive team. That does not mean the sales manager is relieved of the responsibility of dealing with the problem. It simply means that additional input is required before pulling the trigger. It is entirely possible due to the importance of the decision to the company that the CEO may make the call.

    Don’t pay the ransom

    It is never a good idea to pay the ransom. You are only delaying the inevitable. Being held hostage to improper behavior due to the fear of losing revenue is short term non-strategic thinking. If you find yourself in a position where a sales person can actually make or break your company then you have not done an effective job as the manager. You may be a major part of the problem. It is just not acceptable in today’s business environment that any sales person owns the account base so strongly that it can jeopardize the success of the company. Start the process of rehabilitation or termination.

    Step 1 ----- Coach, Mentor & Train the employee to create behavior modification that brings them in alignment with the firm’s values, beliefs, and integrity.

    Step 2----- Reestablish accountability with the entire sales team

    Step 3 --- Start the recruiting process for the possible if not probable replacement of the employee.

    Sales management is not easy. This is especially true in today’s environment with the generational influence, the evolutionary transition from the Lone Wolf sales approach to the Lead Wolf team selling solution provider. Remember, compassion for the employees is both a strength and a weakness. If you find yourself being held hostage by this type of employee and he has been with the firm twenty years, follow these guidelines. However, if the answer is termination don’t get caught up in the self imposed guilt about maintaining integrity due to the employee’s tenure. Think about what you’re doing to your integrity and the company’s integrity in the eyes of the rest of your employees by not dealing with the situation effectively.

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