Sales Management - Notes, Syllabus & Materials | YNetStudyHub

Sales Management

Comprehensive curriculum, topic notes, practice questions, and past examination papers for Sales Management on YNetStudyHub.

10 Topics
0 Lecture Notes
10 Practice Questions
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Updated 3 months ago

Topics & Syllabus 10

#1 Introduction to Sales Management
This topic will provide an overview of sales management, its importance in the busine...
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#2 Sales Planning and Strategy
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#3 Sales Forecasting and Budgeting
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#4 Sales Team Organization and Structure
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#5 Sales Training and Development
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#6 Sales Performance Evaluation and Metrics
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#7 Customer Relationship Management (CRM)
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#8 Sales Negotiation and Closing Techniques
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#9 Sales Ethics and Legal Considerations
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#10 Sales Technology and Automation
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Unit Outline 40h

Learning Objectives

5 objectives
  • Understand the fundamental principles and importance of sales management in business.
  • Develop skills to create effective sales plans, forecasts, and budgeting strategies.
  • Learn to organize, train, and manage a sales team efficiently.
  • Apply performance evaluation metrics and use CRM tools to optimize sales operations.
  • Explore ethical, legal, and technological aspects relevant to modern sales management.

Content Outline

Preview

1. Introduction to Sales Management

  • Definition and scope of sales management
  • Importance of sales management in business success
  • Key responsibilities of a sales manager
  • Roles and challenges faced by sales managers

2. Sales Planning and Strategy

  • The sales planning process
  • Setting SMART sales objectives
  • Developing sales strategies aligned with business goals
  • Market analysis and identifying target customers
  • Competitive positioning and differentiation

3. Sales Forecasting and Budgeting

  • Purpose and importance of sales forecasting
  • Qualitative vs quantitative forecasting methods
  • Data sources for sales forecasting
  • Budgeting processes in sales management
  • Aligning budgets with sales forecasts and business strategy

4. Sales Team Organization and Structure

  • Types of sales team structures (geographical, product-based, customer-based, etc.)
  • Roles within a sales team (sales reps, managers, support staff)
  • Criteria for effective team organization
  • Managing remote and diverse sales teams

5. Sales Training and Development

  • Importance of continuous sales training
  • Training needs assessment
  • Various training methods (workshops, e-learning, role-playing)
  • Designing and implementing sales training programs
  • Evaluating training effectiveness

6. Sales Performance Evaluation and Metrics

  • Key performance indicators (KPIs) in sales
  • Sales activity metrics vs results metrics
  • Techniques for measuring and analyzing sales data
  • Performance review processes
  • Using feedback for performance improvement

7. Customer Relationship Management (CRM)

  • Concept and significance of CRM in sales
  • CRM software and tools overview
  • Integrating CRM into sales processes
  • Managing customer data and interactions
  • Enhancing customer satisfaction and loyalty through CRM

8. Sales Negotiation and Closing Techniques

  • Principles of effective negotiation in sales
  • Common negotiation tactics and strategies
  • Closing techniques (assumptive close, urgency close, etc.)
  • Handling objections and barriers to closing
  • Building long-term customer relationships

9. Sales Ethics and Legal Considerations

  • Ethical challenges in sales management
  • Legal regulations affecting sales activities
  • Ensuring compliance and ethical conduct within the sales team
  • Handling conflicts of interest and confidentiality
  • Corporate social responsibility in sales

10. Sales Technology and Automation

  • Role of technology in transforming sales management
  • Overview of sales automation tools (CRM, lead management, analytics)
  • Benefits and challenges of sales automation
  • Leveraging technology to improve efficiency and accuracy
  • Future trends in sales technology
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Parent Course
Bachelor of Commerce in Marketing

This unit is an integral part of the Bachelor of Commerce in Marketing syllabus.

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