CEOs in Technology on Ulitzer
In this article, we will examine three of the most common and deadly mistakes
companies make - mistakes that can be easily rectified. If you recognize any
of these mistakes in your business, you can and should take immediate
corrective action.
Mistake #1 - Compensate Your Salespeople Based On Revenue
We all know the phrase “compensation drives behavior.†Companies
that compensate their salespeople based on revenue will find themselves under
constant downward pricing pressure. Salespeople will focus on driving revenue
only, and solely getting the deal, regardless of the price. Worst of all,
they will respond to customer objections with offers of greater discounts.
They will spend more time trying to convince management that they need more
discounts, and that lower prices are needed, than they will reinforcing the
value the product del... (more)
CEOs in Technology on Ulitzer
In these difficult times are you doing enough for your business? Will you
bring excuses to the next board meeting or can you justify and demonstrate
that you have taken control of your business' performance. Companies with
flawed pricing strategies are easy to spot: they are never the market leader,
they always struggle, they are always the runner up, and they have revolving
doors at the executive suite. Fortunately, you have a choice and this article
will guide you towards a better fate and a higher chance of surviving the
current economy.
Atenga i... (more)