Read the following case study: Global Cosmetics Company improves sales force effectiveness
A professional hair-care company with a full range of products owned 50 percent of its market, consisting of more than 30,000 salons. The company had four competing sales teams vying for customers. Growth had been anaemic for five years, fluctuating between -1 percent and +1 percent annually.
The problem, we soon discovered, was that neither corporate nor sales teams had real knowledge of their customers and did little to target them. The culture was entrepreneurial, so sales people were not inclined toward formal processes, and the core business model relied on inter-band competition.
To improve its sales and profitability, it has embarked on the following:
A commitment to new sales goals, sales processes, measurement approaches, training, incentive systems, organizational structure, and accountabilities. Brand relationships needed to be redefined, moving from instigating rivalries between to creating multiple, complementary brands.
Write a well presented report for the above outlining the current business operation and analyse the current issues faced by the cosmetics company.
What areas of the sales and customer service they need to handle well?
What are the future trends and competitive advantages model and values they need to apply? Provide three recommendations that are well substantiated with journal literature and reference correctly.(you may use the reasons/justifications above or use your own that supports this change.)
All referencing to be done in APA 6th edition.