 |
| IGNOU MBA MS-62 Solved Assignment 2015 |
IGNOU MS-62 (Sales Management) Solved Assignment January 2015 Preview
Course Code : MS-62Course Title : Sales Management
Assignment Code : MS-62/TMA/SEM-I/2015
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment on or before 30th April, 2015 to the coordinator of your study center.
Q1. What is Sales Management? Discuss the considerations in the formulation of Sales Strategy for the following products:
(a) Any Industrial Product of your choice
(b) For a newly introduced consumer durable (ceiling fan brand) in a highly competitive market.
Ans:
Sales management is a business discipline which is focused on the practical application of sales techniques and the management of a firm's sales operations. It is an important business function as net sales through the sale of products and services and resulting profit drive most commercial business. These are also typically the goals and performance indicators of sales management.
Sales management refers to the administration of the personal selling component of an organization's marketing program. It includes the planning, implementation, and control of sales programs, as well as recruiting, training, motivating, and evaluating members of the sales force. The fundamental role of the sales manager is to develop and administer a selling program that effectively contributes to the achievement of the goals of the overall organization. The term "sales manager" may be properly applied to several members of an organization, including: marketing executives, managers of field sales forces, district and division managers, and product line sales administrators. This text emphasizes the role of managers that oversee a field sales force.
The attainment of sales force goals in an effective and efficient manner through planning, staffing, training, directing, and evaluating organizational resources.”
Note that these functions are mentioned repeatedly in these summaries of sales management:
- Sales planning
- Recruiting / staffing
- Training
- Controlling / directing
- Evaluating
- Effectiveness / efficiency
- Compensation
A) Any Industrial Product of your choice of Formulation of Sales Strategy for Lux
Setting Lux Product objectives - The key component of any strategy statement is to set the long-term objectives of the organization. It is known that strategy is generally a medium for realization of organizational objectives. Objectives stress the state of being there whereas Strategy stresses upon the process of reaching there. Strategy includes both the fixation of objectives as well the medium to be used to realize those objectives. Thus, strategy is a wider term which believes in the manner of deployment of resources so as to achieve the objectives.
While fixing the organizational objectives, it is essential that the factors which influence the selection of objectives must be analyzed before the selection of objectives. Once the objectives and the factors influencing strategic decisions have been determined, it is easy to take strategic decisions.
Evaluating the Uniliver Environment - The next step is to evaluate the general economic and industrial environment in which the organization operates. This includes a review of the Uniliver competitive position. It is essential to conduct a qualitative and quantitative review of an organizations existing product line. The purpose of such a review is to make sure that the factors important for competitive success in the market can be discovered so that the management can identify their own strengths and weaknesses as well as their competitors’ strengths and weaknesses.
Download the full assignment from the download button above.
No comments :
Post a Comment