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Porter's four corners model is a predictive tool designed by Michael Porter that helps in determining a competitor's course of action. Unlike other predictive models which predominantly rely on a firm's current strategy and capabilities to determine future strategy, Porter's model additionally calls for an understanding of what motivates the competitor.
The sales per active account metric provide a useful indicator of a salesperson’s effectiveness in maximizing the value of existing customers. Although it is important to make the most of every call, a salesperson will not reach his or her goal in just one call. A certain amount of effort is required to complete sales."
A sales contest is a motivational program in which rewards are offered to sales people based upon their sales and/or results. There are three types: [1] Direct competition — the sales people compete against each other and there is one winner; Team competition — there are teams which are rewarded collectively for winning.
Sales promotions targeted at the consumer are called consumer sales promotions. Sales promotions targeted at retailers and wholesale are called trade sales promotions . Sales promotion includes several communications activities that attempt to provide added value or incentives to consumers, wholesalers, retailers, or other organizational ...
The incentive to win increases as the difference between the losing and winning prize increases, and therefore the investment of the worker is increased as the difference between the winning and losing prizes is increased. It is in the interest of the firm to increase the spread of prizes. However there is a drawback for the firms.
In the leadership role, the “important thing is managing your people,” rather than to manage upward. “You can’t have a really great company without strong leadership,” he said.
Denise Austin has been a pioneer in the fitness industry for 40 years, so she knows a thing or two about creating New Year's resolutions that stick.. Austin told Fox News Digital that people often ...
A co-chair of the House of Representatives’ Congressional DOGE Caucus said there is "real motivation" behind accomplishing its mission of cutting the federal deficit. Rep. Blake Moore, R-Utah ...