FTMBA2023_II B2B Sales Management
Part I: Fundamentals (self-study for sales beginners)
- The Domain of Sales
- The World of B2B
- Channel Systems
- Salesforces and Sales Jobs
Part II: B2B Pricing
- Strategy & Tactics of Professional Buyers
- Pricing Commodities
- Profit Impact of Pricing
- Pricing Value-Added (includes case Singapore Metals, HBS)
- Pricing Services
Part III: B2B Selling
- Selling and Negotiating Value-Added Products (includes role-play Windblades, WHU)
- Pricing Process and Selling process (includes caseBoise Automation, Ivey)
- Building a "Selling Machine"
Part IV: B2B Salesforce Management
Classic Salesforce Management Challenges
- Salesforce Size
- Compensation Plan Design
- Autonomy and Authority (includes case Cabot Pharmaceuticals, HBS)
- Potential-Based Salesforce Management (includes case StepSmart Fitness, HBS)
Contemporary Salesforce Management Challenges
- CRM Systems
- Pipeline-Based Salesforce Management
- Automation and Augmentation
Date | Time |
---|---|
Wednesday, 28.06.2023 | 09:00 - 16:30 |
Friday, 07.07.2023 | 09:00 - 16:30 |
Tuesday, 11.07.2023 | 09:00 - 16:30 |
Wednesday, 26.07.2023 | 23:50 - 23:55 |
B2B is larger than B2C. In B2B firms, sales and service are often the largest functions. In B2B, marketing is a part of sales, not vice versa. Most country subsidiaries of multinational enterprises are essentially sales organizations. Thus, mastering business administration requires learning to lead the sales force.
The course intends to enhance five categories of competencies:
- factual knowledge, for example, applying salespeople jargon to discussing the status of a sale (such as the "buying center," "red flags," "mentor," "RFQ," "gatekeepers," and other idioms), applying sales management jargon (such as quota, forecast, pipeline, DSM, and other idioms), and defining sales performance indicators,
- conceptual knowledge, for example, analyzing economic value-to-customer, calculating price-trade-offs against other profit drivers, analyzing the composition of a buying center, organizing the elements of a structured selling methodology, classifying different types of sales forces and sales jobs, classifying the dimensions of sales performance management, and evaluating sales KPIs,
- sales-specific procedural knowledge, for example, demonstrating economic value to the customer, assessing the win probability of a sales opportunity, analyzing sales pipelines, and generating sales forecasts,
- general business-relevant procedural knowledge, for example, preparing for business meetings, making the best out of a limited preparation time budget, making concise contributions to discussions, and constructively building on arguments by other participants,
- metacognitive knowledge, for example, creating a skill profile for salespeople and evaluating the excellence of sales organizations.
The learning method mix includes role-play sessions between students with joint debriefings, case-based discussions with concluding mini-lectures, interactive concept lectures, and managerial guest presentations. Watch this video showing the style of case-based sessions: https://www.youtube.com/watch?v=IbNNsq1fC0A. Problem-based learning requires a significant amount of energy from both the student and the teacher.
- 40%:fourcase preparation notes (pdf, bullet points are enough)
- 10%: one role-play preparation quiz
- 50%: open-book, time-constrained (120 minutes), take-at-home exam. The take-at-home exam is a laptop-based Moodle quiz with quantitative calculation and qualitative multiple-choice questions.