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Book part
Publication date: 8 April 2005

Petri Suomala

The essential investments in new product development (NPD) made by industrial companies entail effective management of NPD activities. In this context, performance measurement is…

Abstract

The essential investments in new product development (NPD) made by industrial companies entail effective management of NPD activities. In this context, performance measurement is one of the means that can be employed in the pursuit of effectiveness.

Details

Managing Product Innovation
Type: Book
ISBN: 978-1-84950-311-2

Open Access
Article
Publication date: 27 September 2022

Harri Terho, Anna Salonen and Meri Yrjänen

The purpose of this study is to provide a contextualized understanding of how business-to-business (B2B) firms use the sales development function for efficient and effective lead…

5506

Abstract

Purpose

The purpose of this study is to provide a contextualized understanding of how business-to-business (B2B) firms use the sales development function for efficient and effective lead funnel management.

Design/methodology/approach

The authors adopted a qualitative field-study approach and interviewed 13 people from eight firms. While software as a service (SaaS) firms are the most prevalent application context for the sales development function, the authors also included respondents from non-SaaS firms to develop an in-depth understanding of the contextualized nature of the sales development process.

Findings

Sales development processes can be applied in outbound prospect-focused, outbound account-based, inbound prospect-focused and inbound account-based lead management contexts. The sales development processes of lead research, engagement and handover vary depending on the nature of the lead management context. These processes are supported by the appropriate design of organizational, technological and people platforms.

Practical implications

The authors explain how sales development as a form of inside sales can support effective lead funnel management in B2B firms through technology-enabled lead research and nurture processes designed to prepare customers for meaningful conversations with field sales.

Originality/value

To the best of the authors’ knowledge, this study is the first to focus purely on the sales development function as a form of inside sales. They explain how the sales development processes relating to lead research, engagement and handover are conducted in four distinct application contexts to qualify leads for the outside salesforce.

Article
Publication date: 28 February 2023

Dale T. Eesley, Yukti Sharma, Ramendra Singh and Birud Sindhav

Entrepreneurship literature recognizes the founder’s involvement as a salient factor in determining the success of startups. Nevertheless, its role in conjunction with the…

Abstract

Purpose

Entrepreneurship literature recognizes the founder’s involvement as a salient factor in determining the success of startups. Nevertheless, its role in conjunction with the marketing roles of founders has been relatively unexplored. Very little is known about how founder’s involvement in marketing tasks (i.e. developing products, sales and customers) helps attain success in early startups. To fill this knowledge gap, this study aims to qualitatively investigate the founder’s involvement under three vital functional areas (i.e. sales, customer development and product development) and also explain their entwined nature of the relationship as the early-stage startups grow to become a scalable businesses.

Design/methodology/approach

This study used purposive sampling for conducting in-depth interviews with 11 startup founders in the midwestern city of the USA. A constant comparative method was used to code the interview transcripts, while juxtaposing them with extant literature.

Findings

Using three levels of axial coding, this study identified 32 descriptive codes, 11 aggregate codes and 2 interpretive codes. Following this, the authors present five propositions that illustrate the relationship between founders’ involvement, customer development, product development and sales.

Practical implications

This study offers guidelines to founders on how they could generate initial sales, identify early customers and build and sustain mutually beneficial relationships with them.

Originality/value

This study contributes to the extant literature on entrepreneurship and innovation literature. It presents motivation and potential processes, including systematic activities performed by founders in generating sales in conjunction with customer development and product development, thereby making a novel contribution.

Details

Journal of Research in Marketing and Entrepreneurship, vol. 25 no. 3
Type: Research Article
ISSN: 1471-5201

Keywords

Article
Publication date: 28 January 2014

Clinton Oliver Longenecker, Charles B. Ragland and Michael L. Mallin

– Further explore the issue of sales management development and identify the practices most critical to sales managers' learning and development.

1502

Abstract

Purpose

Further explore the issue of sales management development and identify the practices most critical to sales managers' learning and development.

Design/methodology/approach

To explore the development needs of sales leaders, we surveyed 206 newer sales managers from ten US-based manufacturing and service organizations. The sample was 79 percent male and 21 percent female, averaged 2.2 years of sales management experience, 10.3 years of sales experience and 37.1 years of age.

Findings

Practices that sales managers considered to be important for their development are: clarifying roles, goals and performance expectations (81 percent); receiving effective performance appraisals and reviews (74 percent); exposure to challenging/difficult job assignments (71 percent); conducting formal career planning discussions (68 percent); receiving ongoing performance measurement, feedback and coaching (66 percent); being mentored by senior managers/sales people (60 percent); involvement with professional associations/affiliations (58 percent); and utilizing 360° feedback systems (57 percent).

Originality/value

If organizations are serious about developing their sales managers, they would be well served to consider the development practices presented in this study. Developing sales managers want clearly defined performance expectations as well as feedback from a wide variety of multi-sources including coaching, mentoring, and 360° processes. In addition, formal appraisals and career planning discussions, as well as the opportunity to participate in professional associations are desired areas of development.

Details

Development and Learning in Organizations, vol. 28 no. 2
Type: Research Article
ISSN: 1477-7282

Keywords

Article
Publication date: 1 April 2006

Kimberly Judson, Denise D. Schoenbachler, Geoffrey L. Gordon, Rick E. Ridnour and Dan C. Weilbaker

The purpose of this research is to provide an empirical examination of the role of the salesperson in the new product/service development process.

4339

Abstract

Purpose

The purpose of this research is to provide an empirical examination of the role of the salesperson in the new product/service development process.

Design/methodology/approach

A survey was mailed to 2,650 sales managers representing US firms across the nation, and the resulting sample size consisted of 246 respondents with a response rate of 9.3 percent. The survey sample included firms with a business‐to‐business emphasis, and those with a minimum of 50 employees.

Findings

The majority of the respondents reported that salespeople are indirectly or directly involved in the new product/service development process. In spite of this contribution, many firms do not directly reward salespeople for their involvement. Offering appropriate incentives could greatly increase their efforts to collect information for new product/service idea generation.

Research limitations/implications

Suggested future research includes the perspectives of salespeople, new product development directors, etc. In addition, the study was strictly domestic and could benefit from an international focus, as well as a comparison of products versus services sectors.

Practical implications

The findings from this study can be used by managers as a benchmark for assessing sales force participation in the new product/service development, and to identify ways to encourage increased participation by the sales force with incentives.

Originality/value

Little formalized research has been conducted on the specific role that salespeople play in the new product/service development process. The findings from this study may provide strategic guidance to organizations with respect to the role of salespeople in the critical new product/service development process.

Details

Journal of Product & Brand Management, vol. 15 no. 3
Type: Research Article
ISSN: 1061-0421

Keywords

Article
Publication date: 9 March 2010

Lan Yuan Lim

The sale of a strata titled development collectively by individual owners is a unique experience in Singapore's real estate industry. This collective sale process is legislated by…

771

Abstract

Purpose

The sale of a strata titled development collectively by individual owners is a unique experience in Singapore's real estate industry. This collective sale process is legislated by law, which allows dilapidated developments to be redeveloped to take advantage of the site potential. The purpose of this paper is to highlight the nature of strata titled developments, the collective sale process and the various valuation issues encountered.

Design/methodology/approach

A case study approach is adopted to illustrate the mechanics and the difficulties involved in the collective sale process. The different methods of valuation used to arrive at a fair distribution of the sale proceeds are illustrated.

Findings

The study reveals the appropriate methods of distribution of sales proceeds to be used under different circumstances. A few managerial implications arise from the study. These include the need to adopt a fair and reasonable attitude when approaching collective sales and to be in touch with the property market and the target market in order to arrive at a reasonable distribution method of the sale proceeds in order to satisfy the various stakeholders in the development.

Originality/value

The study provides an overall framework on how future collective sales in Singapore can be successfully conducted.

Details

Journal of Property Investment & Finance, vol. 28 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Open Access
Article
Publication date: 29 October 2021

Petteri Annunen, Erno Mustonen, Janne Harkonen and Harri Haapasalo

This study aims to focus on creating sales capability as part of new product development (NPD). The aim is to define generic requirements for building sales capability as a part…

2852

Abstract

Purpose

This study aims to focus on creating sales capability as part of new product development (NPD). The aim is to define generic requirements for building sales capability as a part of NPD and to propose a necessary process by defining key activities for sales readiness.

Design/methodology/approach

An inductive and qualitative research method was used to construct a sales capability creation process based on a current state analysis in seven companies.

Findings

The results indicate that the status of companies’ sales-related planning varies during the NPD, and the related activities are not systematically managed. Considering sales early is necessary to enable a smooth and cost-efficient start of sales, and to avoid unnecessary delays and problems in other functions. At the same time, the companies recognise the need for improvement.

Originality/value

This paper presents a potential process including systematic activities for creating sales capability in conjunction with product development, which is novel to the literature. The proposed process is applicable in aligning industrial company needs.

Details

Journal of Business & Industrial Marketing, vol. 36 no. 13
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 14 June 2013

Abdelkader Daghfous, Nicholas Jeremy Ashill and Michel Roger Rod

The purpose of this paper is to examine the knowledge transfer processes of knowledge intensive business service firms by focusing on the knowledge for customer, which is the…

1020

Abstract

Purpose

The purpose of this paper is to examine the knowledge transfer processes of knowledge intensive business service firms by focusing on the knowledge for customer, which is the knowledge about the service provider's products and services, specifically “before‐sale” knowledge, and the transfer of this knowledge in order to develop customers.

Design/methodology/approach

The authors conducted an in‐depth qualitative study of the knowledge transfer process undertaken by a sample of six global knowledge intensive service firms, to use knowledge transfer as a means of customer development.

Findings

The results of this study suggest that customer absorptive capacity influences the role that knowledge for customers has in ultimately determining whether customer development will occur. Where tacit knowledge transfer occurs, it is restricted to loyal, high share customers. With respect to methods of transfer, the findings reveal that knowledge‐intensive business service firms transferring explicit knowledge utilise both formal and informal methods.

Research limitations/implications

Data collection was cross‐sectional and longitudinal research would have the benefit of examining how customer knowledge transfer changes over time during the customer development process (pre‐sale, during sale and post‐sale customer development). Future research studying other types of knowledge transfer, such as during‐sale and after‐sale knowledge transfer, are also encouraged.

Practical implications

Managers should be open to employing numerous types of media in transferring both explicit and tacit knowledge rather than restricting themselves to the normative “explicit‐formal‐media lean” versus “tacit‐informal‐media rich” categorisations in the literature.

Originality/value

Understanding the role of customer knowledge transfer in the development of existing organisational customers is particularly important in the context of knowledge intensive business service firms. The extant literature recognises that customer development efforts are critically important in increasing service adoption and firm performance but there exists a dearth of research on customer knowledge transfer in the context of professional service organisations.

Details

Marketing Intelligence & Planning, vol. 31 no. 4
Type: Research Article
ISSN: 0263-4503

Keywords

Article
Publication date: 1 January 1979

David S. Walker and John Child

Examines the history of professionalism as an issue in British marketing. Investigates attempts made to establish professional attributes in British marketing and the model of…

Abstract

Examines the history of professionalism as an issue in British marketing. Investigates attempts made to establish professional attributes in British marketing and the model of professionalism adopted. Looks at limits placed on the progression of marketing with regard to professionalism. States that the ideal typical model of professionalism has never been a valid framework for marketing, in that the structural bases of the occupation are of a different order and require individual analysis.

Details

European Journal of Marketing, vol. 13 no. 1
Type: Research Article
ISSN: 0309-0566

Keywords

Article
Publication date: 26 July 2013

Jakob Rehme, Christian Kowalkowski and Daniel Nordigården

The existing literature on key account management (KAM) has focused more on sales forces and management levels than on their evolution. The purpose of this paper is to explore how…

Abstract

Purpose

The existing literature on key account management (KAM) has focused more on sales forces and management levels than on their evolution. The purpose of this paper is to explore how sales activities can be coordinated to accommodate national and international KAM programs.

Design/methodology/approach

The paper is based on a longitudinal study of the industrial conglomerate ABB, 1996‐2008.

Findings

The diversity associated with geography and product complexity creates demands for a more flexible organization that can provide a more complete offering portfolio across national boundaries and still handle the demands of local organizations. In addition to internal organizational contingencies, the key factors and driving forces for the development of KAM programs are the marketing and purchasing strategies that buyer and seller firms perceive and encounter.

Research limitations/implications

The data are limited to one corporation and some of its key customers in different industries. Although the internal and construct validity of the findings are strong, the external validity cannot be assessed precisely.

Originality/value

The 12‐year study brings valuable insights to the development of KAM programs in multinational corporations and addresses coordination issues related to geographical and product complexity.

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