Motivate and recognize performance

Assignment Help Business Management
Reference no: EM132242448

We know that the use of selling teams, sometimes including both salespeople and others from the firm, to accomplish relationship selling is common practice today. As with individual salespeople, the success of these teams depends, in part, on the reward system used to motivate and recognize performance. How would you develop a compensation plan that motivates members of a selling team? How can you ensure the plan is fair for everybody involved?

Reference no: EM132242448

Questions Cloud

Basic models of physician compensation : Determine two (2) major employment laws which a practice manager could unintentionally violate. Next, recommend the main steps that the manager
Common type of environmental scanning process involves : The most common type of environmental scanning process involves both internal and external factors.
Sense of satisfaction of a purchase : What is one service pricing strategy or insight that could be shared when it comes to have a sense of satisfaction of a purchase??
Write a short letter to your growers inviting them : Ag Consulting Business Problem - You are going to use Microsoft Word to create your invite. Write a short letter to your growers inviting them to your event
Motivate and recognize performance : How would you develop a compensation plan that motivates members of a selling team? How can you ensure the plan is fair for everybody involved?
Effective external screening method : 1. What do you feel is the most effective external screening method? Why? 2. What do you feel is the least effectiveexternal screening method? Why?
Innovation and product-oriented creativity in businesses : One perspective is an oriented towards product innovation and product-oriented creativity in businesses.
Job involvement and employee engagement : Please consider the following workplace attitudes: organizational commitment, job involvement and employee engagement. How are these three attitudes
Personality types or communication styles : Describe how knowledge of, for example, learning styles, personality types or communication styles, might be able to help you relate to and understand

Reviews

Write a Review

Business Management Questions & Answers

  An effective drtv spot

What elements go into an effective DRTV Spot?

  Identify potential performance gaps in your organization

Identify the metrics for your organization. Identify potential performance gaps in your organization. Recommend actions to reduce the performance gaps.

  Analyze the role of innovation in executing the change

Analyze the role of innovation in executing this change. Assess managing diversity in the workplace, particularly with new workers coming from Miami.

  What is driving the need for the transformational change

What is driving the need for this transformational change? Discuss at least 3 theories of change management (eg. Kotter, Lewin, Nadler, action research, and appreciative inquiry).

  What are worldviews

Review the article, Worldviews: What are Worldviews? After reviewing the article discuss the following: Can a worldview be evident in life circumstances? How?

  Discuss the relationship between crime and other social

Discuss the relationship between crime and other social problems? Do you think that we handle social problems or crime well here in the United States?

  Satisfaction or preference for various amounts

John Doe is a rationale person whose satisfaction or preference for various amounts of money can be expressed as a function U(x) = (x/100)2, where x is in $. How much satisfaction does $40 bring to John?

  Why is trust between leaders and employees important

Why is trust between leaders and employees important? How can a leader build trust?

  Negotiating funding from a venture capital fund

New Venture Corporation (NVC) is negotiating funding from a venture capital fund. After some intense negotiations the parties agree with NVC on funding of $7 million for a 45% annual expected return.

  Principle of utility involves maximizing happiness

The principle of utility involves maximizing happiness as a desirable outcome of decisions. Although it does not get directly said, there is an inverse intention to minimize the undesirable outcome of disaster. Utilitarian decisions are directed t..

  Hiring a salesperson amp importance of training1you must

hiring a salesperson amp importance of training.1.you must choose between two sales recruits. one has scored very high

  Required elements of a service level agreement

List the minimum required elements of a service level agreement SLA and explain how the SLA helps the IT business unit relationship.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd