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Structure Sales Compensation Plans That Can Fire Up Your Employees

HR Digest

Salary and wages are simple compensation plans that let us know what to expect—a standard amount at the end of every pay cycle. Sales compensation plans take a lot more work to get right. Sometimes these are given as additional bonuses for good performance, while other times these are tied into entire salary compensation plans.

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How to Maximize Your Small Business Success

Strategy Driven

However, with the right planning towards optimal efficiency, you’ll be able to turn your small business into a profitable and risk-free enterprise that’s based on savvy decision-making and mature financial planning. Successful companies aren’t just good at what they do: they’re good at telling the world they’re good at what they do.

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The New Agents of Market Penetrations

Harvard Business Review

But they have limited plans for developing world because trainers are scarce in these regions. A well-planned program anchored around them could provide a better cost model than the present one, in which people are recruited and stationed permanently overseas. This is where these mobile students become important.

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Who Owns Your Customer Relationships: Your Salespeople or Your Company?

Harvard Business Review

With seemingly unbounded opportunity, salespeople work hard to build relationships and create a book of business that drives their future financial success and creates fast market penetration for the company. Leaders abandoned their plan to avoid losing top producers and their customers.

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Throw Your Life a Curve

Harvard Business Review

Then you enter hypergrowth, which typically happens somewhere between 10-15% of market penetration. With Facebook for example, assuming an estimated market opportunity of one billion, it took roughly 4 years to reach penetration of 10%. Saturation is reached at 90%+.

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Why Comcast Would Rather Be Feared Than Loved

Harvard Business Review

Their market penetration has probably peaked , as younger consumers (among them many of my colleagues at HBR) increasingly opt for cheaper workarounds via their Internet connections. Customers who can''t conceivably be retained, like me, are just collateral damage in the effort to scare potential cable defectors into staying put.

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Jack Welch’s Approach to Breaking Down Silos Still Works

Harvard Business Review

The main goal was that these cross-functional teams had to reach consensus on a solution in two days—and devise a plan for executing it. They also laid out a plan for how to implement this approach in a way that would save the company millions of dollars. They agreed to put limits on how much could be changed.

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