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JOHN CABOT UNIVERSITY

COURSE CODE: "MKT 372"
COURSE NAME: "Sales Management and Professional Selling"
SEMESTER & YEAR: Fall 2024
SYLLABUS

INSTRUCTOR: Anna Fiorentino
EMAIL: [email protected]
HOURS: TTH 10:00 AM 11:15 AM
TOTAL NO. OF CONTACT HOURS: 45
CREDITS: 3
PREREQUISITES: Prerequisite: MKT 301
OFFICE HOURS: Upon scheduling requested by students

COURSE DESCRIPTION:
The course will look at managing a professional sales force and optimizing the investments made in the organization’s interactions with its most important asset: customers. Sales is a mission critical function for all organizations. Considering the recent evolution of markets, characterized by stagnation, hyper-competition, shortening of product life cycles, difficulties in creating sustainable competitive advantages, sophistication of buyers, sales are becoming increasingly strategic and their management a sophisticated set of activities. According to this modern evolution of markets and consumer behaviors, companies are fundamentally rethinking the role, nature, strategy, objectives, structures and processes of sales management to face these competitive challenges. Sales organizations, especially in multinational companies, are characterized by deep sales transformation and sales excellence programs aimed at increasing the ability of sales organizations to manage the complexity of the markets and increase their productivity. Sales are now increasingly less art and more science: the natural talent and the de-structuring that characterized the commercial roles in the past are increasingly supported (sometimes replaced) by solid methodological foundations and analytical rigor for planning, conducting and monitoring commercial activities. 
SUMMARY OF COURSE CONTENT:

The goal of Sales Management and Professional Selling is to provide students with the knowledge and skills that businesses need to win customers and grow in an increasingly complex business environment. It will address the following key issues:

 - The role of the commercial function within the company, as it evolves towards an increasingly strategic function

-  The design of a commercial structure, as its responsibilities are increasingly customer-centric and oriented towards creating value for the company and for the customer

-  The skills of sales people and their management, increasingly holistic and oriented towards building partnerships with customers rather than individual sales transactions

- The compensation systems, performance analysis and planning  cycle, increasingly based on measurements, analysis and forecasting methods.

- The sales pipeline: and essential tool for managing sales professionally and reach sales targets

- Strategy and tactics of Key Account Management - the "heart and soul" of professional selling

- Principles of negotiations: how to win a deal?

- The buying/selling process: what happens in a sales process on the customer's and the seller's side?

 

A particular focus will be put on quantitative methodologies to assess customer and prospect potential and to salesforce sizing and pipeline management. In today's complex business environments, fact- and data-driven decision making is key; particularly in sales.

LEARNING OUTCOMES:

At the end of the course, students will be able to:

 -        understand the market dynamics underlying the transformation of the role of sales as a function and for sales professionals

-        understand the role of sales in pursuing business and marketing objectives

-        know all the elements of a sales management system

-        specialize and size a sales force based on objectives and markets

-        map priority customers, identify and manage Key Accounts

-        plan and monitor a sales pipeline

-        identify the roles, the key competencies and the critical success factors of a sales force

-        articulate the consultative selling approach

-        understand negotiation and the selling/buying process in a consultative selling approach

-        develop a sales performance incentive system

TEXTBOOK:
Book TitleAuthorPublisherISBN numberLibrary Call NumberCommentsFormatLocal BookstoreOnline Purchase
Selling and Sales Management, 11th editionD. Jobber, G. Lancaster, K. Le Meunier-FitzHughPearson978-1292205021  Ebook  
REQUIRED RESERVED READING:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
Instructor's slidesAnna Fiorentino--  

RECOMMENDED RESERVED READING:
Book TitleAuthorPublisherISBN numberLibrary Call NumberComments
What is a Customer Success Manager?A. Zoltners, P. Sinha, S. E. Lorimer Harvard Business Review, November 2019   
GRADING POLICY
-ASSESSMENT METHODS:
AssignmentGuidelinesWeight
Mid-term examIndividual, paper-based. Short essays - 4 open-ended questions. Only paper and calculator. No pc/smartwatches/phones allowed. 25%
1st test: short case studyIndividual, paper-based. Solution to 2 questions regarding a short case study. Use only paper and calculator. No pc/phones/smartwatches allowed.20%
Final case studyTeams will be asked to prepare a paper and a presentation on a case study35%
Class participation throughout the courseActive participation in all class activities and all teamworks (graded and non-graded) with appropriate contributions; in-class questions, observations, reflections, further readings, etc20%

-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.

-ATTENDANCE REQUIREMENTS:

Class attendance is highly recommended as most of the topics are covered in-class with instructor's slides, discussions, exercises.
An 80% participation rate is mandatory.
After 6 unexcused absences, the student will be unable to participate in the final project, losing all the points assigned to the final project.
Responsible and active contribution to group projects is mandatory. A student peer-review, to measure contribution of each team member to group projects, will be included in the final exam.
In case of an unexcused absence on the day of a graded assignment, the student will lose all the points of the graded assignment, unless absence is excused through a petition to the Dean's Office prior to the assessment day.

The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. 

ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic dishonesty will receive a failing grade on the work in which the dishonesty occurred. In addition, acts of academic dishonesty, irrespective of the weight of the assignment, may result in the student receiving a failing grade in the course. Instances of academic dishonesty will be reported to the Dean of Academic Affairs. A student who is reported twice for academic dishonesty is subject to summary dismissal from the University. In such a case, the Academic Council will then make a recommendation to the President, who will make the final decision.
STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap. Students with approved accommodations must inform their professors at the beginning of the term. Please see the website for the complete policy.

SCHEDULE

 
Week Date Topic Notes
1 Sept 3 Intro, What is Sales, Trend towards commercial function
Sept 5 The Sales Function and the relationship between Marketing and Sales
2 Sept 10 Case discussion; intro to the "Design, Manage and Monitor” Sales Management Framework
Sept 12 Deep dive on sales roles and responsibilities; the "Diversion Tactic" case
3 Sept 17 Sales force specialization
Sept 19 Salesforce sizing
Sept 20 Direct and Indirect Sales Force
4 Sept 24 The "Pronto Espresso" case
Sept 26 Review Day: exercises before 1st exam
5 Oct 1 1st test: Datapower case Graded
Oct 3 The Sales Pipeline
6 Oct 8 Strategic Customer Mapping: ABC model, Key Account Model; scoring models
Oct 10 Scoring models continued: case exercise
7 Oct 15 Guest Speaker
Oct 17 Mid-term exam: short essays (4 questions, paper based) Graded
8 Oct 22 The 4 competency areas of a sales person
Oct 24 Sales force evaluation, compensation and incentives
9 Oct 29 Models for sales forecasting; Budgeting and sales monitoring
Oct 31 Key Account Management: core concepts
10 Nov 5 The process of Key Account Management
Nov 7 The Assael Matrix and the buying/selling process; Test: discover your negotiation style
11 Nov 12 Principles of negotiation
Nov 14 Briefing on the final exam (Case study)
12 Nov 19 Practicing Sales conversations - tips and frameworks; first round of simulations
Nov 21 Practicing Sales conversations - second round of simulations
13 Nov 26 Q&A session on the final exam (Case Study)
14 Dec 3 Final exam: presentation of the Case Study (part 1) Graded
Dec 5 Final exam: presentation of the Case Study (part 2) Graded
Week
Date Topic Notes
1 Sept 3 Intro, What is Sales, Trend towards commercial function
Sept 5 The Sales Function and the relationship between Marketing and Sales
2 Sept 10 Case discussion; intro to the "Design, Manage and Monitor” Sales Management Framework
Sept 12 Deep dive on sales roles and responsibilities; the "Diversion Tactic" case
3 Sept 17 Sales force specialization
Sept 19 Salesforce sizing
Sept 20 Direct and Indirect Sales Force
4 Sept 24 The "Pronto Espresso" case
Sept 26 Review Day: exercises before 1st exam
5 Oct 1 1st test: Datapower case Graded
Oct 3 The Sales Pipeline
6 Oct 8 Strategic Customer Mapping: ABC model, Key Account Model; scoring models
Oct 10 Scoring models continued: case exercise
7 Oct 15 Guest Speaker
Oct 17 Mid-term exam: short essays (4 questions, paper based) Graded
8 Oct 22 The 4 competency areas of a sales person
Oct 24 Sales force evaluation, compensation and incentives
9 Oct 29 Models for sales forecasting; Budgeting and sales monitoring
Oct 31 Key Account Management: core concepts
10 Nov 5 The process of Key Account Management
Nov 7 The Assael Matrix and the buying/selling process; Test: discover your negotiation style
11 Nov 12 Principles of negotiation
Nov 14 Briefing on the final exam (Case study)
12 Nov 19 Practicing Sales conversations - tips and frameworks; first round of simulations
Nov 21 Practicing Sales conversations - second round of simulations
13 Nov 26 Q&A session on the final exam (Case Study)
14 Dec 3 Final exam: presentation of the Case Study (part 1) Graded
Dec 5 Final exam: presentation of the Case Study (part 2) Graded