Preview

Sales Force

Powerful Essays
Open Document
Open Document
1585 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sales Force
Brochure
More information from http://www.researchandmarkets.com/reports/869/

Sales Force Structures and Strategies 2001: A Case Study Analysis of Effective Sales Force Management
Description: As sales forces expand to maintain share of voice in an increasingly competitive market and physicians limit the time spent with sales representatives, ROI on detailing is in decline. Therefore, maximizing field force productivity is vital to the future success of all pharmaceutical companies. Sales Force Structures and Strategies 2001 is an in-depth examination of pharmaceutical sales force structures in the seven major national markets and the factors that impact sales force return on investment. Datamonitor presents measures of field force productivity and evaluates how sales forces can be developed to maximize ROI.

Contents: DATAMONITOR HEALTHCARE CONTACT DETAILS A brief report outline Datamonitor insight into sales force structures and strategies Although 77% of companies interviewed will expand their sales forces by 2005, to date, such growth has not been accompanied by improvements in field force productivity The number one focus of all sales executives interviewed is physician targeting. To achieve this most are investing in electronic territory management and physician profiling Analysis of best practice suggests that small and medium sized pharmas are not structuring their sales forces in the optimum way. A company's marketed portfolio should be the primary influence on sales force structure, with country-specific factors being superimposed upon this. The average eDetail costs $6 per minute compared to $70 per minute for traditional detailing. By 2005 eDetailing will also be more productive than traditional detailing as physicians' use of the Internet increases. THE NEED TO OPTIMIZE SALES FORCE EFFICIENCY Introduction Pressures to maximize the efficiency of pharmaceutical sales and marketing Healthcare cost-containment Growth of the generics industry

You May Also Find These Documents Helpful

  • Satisfactory Essays

    * Meet with counterparts/management and develop a synergistic working relationship to maximize sales by targeting the right physicians with the right frequency. Also understand what has worked for other reps in different territories.…

    • 611 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The Medicines Company

    • 868 Words
    • 5 Pages

    Medicines Company’s drug, Angiomax, outperforms heparinHeparin, but requireincurs a significantly higher price costs to produce. This , makesing the drug difficult to attractively price towards hospitals. This difficulty in pricing stems from a poor positioning strategy for Angiomax which does not maximize the perceived value (PV) that the drug provides to its key customer segments. Therefore, Medicines Co., must develop a positioning strategy that maximizes the perceived value of Angiomax to a key customer segment.…

    • 868 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    HSA 505 Assignment 1

    • 1447 Words
    • 5 Pages

    Over the past four decades, spending on healthcare in the United States grew more rapidly than the economy (Baker, Birnbaum, Geppert, Mishol, Moyneur, 2008, p. 541). Healthcare has nearly tripled its share of national income during this time (p. 543). All aspects of the nation's health system have been affected by this ongoing spending growth. Strategically marketing the development of products and services during this intense competition and uncertainty is vital for any healthcare organization to stay profitable and to ensure continued growth.…

    • 1447 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Neiman Marcus Sales Plan

    • 5354 Words
    • 22 Pages

    Cron, William L., and Thomas E. DeCarlo. Dalrymple 's Sales Management. 10th ed. Hoboken, NJ: John Wiley & Sons, 2006. Print.…

    • 5354 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    In addition, Executive Management should promise to study and then modify the sales-force management practices to more closely match the current size of the company. These changes will actively encourage the sales-force to continue providing the “industry leading” customer service they have provided, monitor very closely that none of the sales-force works any uncompensated hours, and implement both sales and non-sales time for clocking-in. Furthermore, Executive Management will provide additional training for local managers in order that they enforce these new sales-force management practices, instead of encouraging work off-the-clock as they have mistakenly done in the…

    • 669 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Boc Ohmeda

    • 1185 Words
    • 5 Pages

    There are certain facts which show the need to change Ohmeda’s current sales force strategy. The first revealing trend appears to be in the anesthesia equipment market where Ohmeda has been the market leader with a share of greater than 65% historically. However, recently a West German medical maker has capitalized on selling the story of their technology to…

    • 1185 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The business manager for MedTech Pharmaceuticals should closely analyze the current incentives the company provides for the employees. It seems the company thinks the 100% sales commission should be enough of an incentive for the employees to generate more sales (Johnston & Marshall, 2010). This way of thinking from the business manager is the reason sales are not where they should be with this newly founded company. The sales representatives that go out on a daily basis use more time, gas, and food to secure a sale verses the actual bring home pay they are receiving. These added expenses should be taken into consideration and the sales representatives should be allotted more reimbursements. The sales representatives most likely spend after…

    • 231 Words
    • 1 Page
    Good Essays
  • Good Essays

    Boc Ohmeda

    • 333 Words
    • 2 Pages

    Executive Summary: As Ohmeda divests its supplies and gas businesses to focus exclusively on medical equipment, we recommend restructuring the distribution system to phase out the majority of dealers and develop a highly knowledgeable direct sales force with additional representatives. As Ohmeda concentrates on high-tech medical devices, its target customer will increasingly be hospital-based medical practitioners responsible for sophisticated, specialized procedures and who seek products that are precise, reliable, and safe. This decision maker will best be approached by a highly knowledgeable sales force that can speak to the technological benefits and cutting-edge research supporting each of Ohmeda’s three key product categories Anesthesia, Critical Care and Architectural Products. The company’s current generalist dealer network is not only expensive but also lacks the technical expertise to educate potential customers about the benefits of Ohmeda's high-tech products. Dealers are, instead, best suited to sell the company’s remaining low-tech products such as suction devices, which require broad coverage, fast fulfillment and limited technical knowledge. The majority of the company’s sales efforts going forward, will be through direct sales representatives who, through improved efficiency and effectiveness, will enable the company to gain market share and meet its aggressive 5 year revenue targets.…

    • 333 Words
    • 2 Pages
    Good Essays
  • Better Essays

    M.Strader, A.Wysocki (2012) A Brief History of the Sales Environment. [WWW] University of Florida. Available from: http://edis.ifas.ufl.edu/sn001 [Accessed 12/11/12]…

    • 1481 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Sales

    • 1327 Words
    • 6 Pages

    Spiro, R. L., Rich, G. A., & Stanton, W. J. (2012). Management of a sales force. (12th ed.). McGraw-Hill…

    • 1327 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Although this is true, there is more money going into advertising and marketing rather than Research and Development. As an example, in a graph done by Leon Markovits of Dadaviz, he found and graphed money being spent from healthcare research and found that one of the top spenders was the company Johnson & Johnson. They spent 17.5 billion on sales and marketing and only 8.2 billion for Research and Development (Swanson). Ana Swanson mentions in her article written in the Washington Post, “Most of this marketing money is directed at the physicians who do the prescribing, rather than consumers”. In other words, Swanson believes that this load of money being spent on marketing and advertising is mostly going to the physicians that sample out the products and give to patients for a trial. For these sales to occur pharmaceutical companies must also hire representatives to present their product to physicians. According to The PEW Charitable Trusts article, “As of 2012, approximately 72,000 pharmaceutical sales representatives were employed in the United States” (Persuading the Prescribers). The essence of the argument made in this article is that with hiring more representatives, more money is being spent on unnecessary…

    • 1950 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    The pharmaceutical industry, like most, depends on the simple business principals of supply and demand. The drug companies make and sell their products; however they cannot sell directly to the consumer and must rely on the…

    • 2501 Words
    • 11 Pages
    Best Essays
  • Powerful Essays

    Pharmaceutical Advertising

    • 2279 Words
    • 10 Pages

    In the past, the marketing of prescription drugs was mainly targeted at health care professionals so they could consult with patients and make informed decisions about prescribing new medications. However, in the 1990s, pharmaceutical drug companies started using new marketing strategies, and in addition to targeting health care professionals, they turned their attention towards patients. The industry’s new market strategy: advertise prescription drugs directly to consumers. This kind of promoting, technically known as direct-to-consumer advertising (DTCA), soon became the main focus for the U.S. pharmaceutical industry to increase its sales and profits. Soon enough every major drug company was using direct-to-consumer advertising because of the dramatic results it produced and it played a key role in competing with other companies in the industry. In addition, in 1997 the U.S. Food and Drug Administration relaxed restrictions on…

    • 2279 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    The sales force at MedTronic is very involved with their clients. The sales people have to be heavily invested (emotionally as opposed to monetarily) in their product so they can offer the best service and be successful with sales. Each sales team member is given the chance to work on landing new clients and in doing so is expected to go above and beyond to support that relationship in any way possible. By building up the relationship over time there is more trust and willingness for business from the potential client’s perspective and from there deals can be discussed and hopefully closed.…

    • 400 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Ohmeda Boc

    • 2020 Words
    • 9 Pages

    Ohmeda's business strategy is to no longer carry medical supplies and gas products, yet to increase equipment sales revenues by an average of 11% each year for 5 years. The current channeling structure consists of 50% Dealers and 50% Direct sales representatives arranged 100% geographically by region (Exhibit 1). This structure is both inefficient and ineffective, and must be adjusted to meet the change in product mix and aggressive sales goals. Deficiencies in the current channel include: overlap of dealer and direct representative sales, a disproportionate number of sales hours spent in rural hospitals, and the inability of sales reps to communicate the specifications of the technologically advanced products to medical specialist decision makers.…

    • 2020 Words
    • 9 Pages
    Good Essays