Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your process improvement team was working on a sales force effectiveness initiative. An action item resulting from the initiative was to implement a training program

Your process improvement team was working on a sales force effectiveness initiative. An action item resulting from the initiative was to implement a training program with the sales force to teach it to be more consultative in its sales approach. There are 10 people in the sales force. The average sales per person thus far have been $10,000 per person per month. The sales manager has a goal to increase sales by 20% this year. The sales manager and your team do a forecasted root cause analysis and determine that 30% of the sales growth is reasonably achievable by the training program but that the remaining 70% will come from other factors like incentives and new pricing programs. The sales manager is about 50% confident in these projections. The training program can be done at a cost of $1,000 per person.

What is the monetary value of your improvement? What is the ROI on the improvement?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For A Better World

Authors: Henri-Claude De Bettignies, F. LĂ©pineux

2009th Edition

0230551300, 978-0230551305

More Books

Students also viewed these Finance questions

Question

Explain all drawbacks of the application procedure.

Answered: 1 week ago

Question

Determine Leading or Lagging Power Factor in Python.

Answered: 1 week ago