Choosing a sales compensation plan is an important decision. However, there is no one-size-fits-all approach. What are some of the factors involved in the compensation process? Are there any best ways to compensate sales personnel?
Subject: Marketing Strategies
Q1. Choosing a sales compensation plan is an important decision. However, there is no one-size-fits-all approach. What are some of the factors involved in the compensation process? Are there any best ways to compensate sales personnel? After reviewing this week’s resources and your research, in your own words identify at least three factors involved in the compensation process. Share with your classmates your plan and why you feel it will be effective and adequately motivate your sales team towards organizational goals.
Note: 250 words with intext citations and 2 references
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Q2. Knowledge management concerns organizing the knowledge processes: create, store, share,
and apply in an organization. But knowledge processes can also be identified in your personal
life.
- Can you think of any knowledge creation and/or knowledge sharing processes in which
you are involved?
- Are these processes formalized in some way or would you consider them as informal
knowledge management?
Note: 250 words with intext citations and 2 references
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