April 23, 2009 - Modern Distribution Management

April 23, 2009

3M Sales Fall 21.3% in 1Q

3M, St. Paul, MN, reported first-quarter sales of $5.1 billion, a decrease of 21.3% from the first quarter of 2008. Profit was $518 million, about half of what it was a year ago.
 
As expected, the global economic slowdown dramatically affected our businesses in the first quarter, said George W. Buckley, president and CEO. “Substantial end-market declines and continued inventory takedowns in major industries, including automotive, consumer electronics and general industrial manufacturing, resulted in significantly lower sales and profits.
 
"Accordingly, we aggressively reduced our cost structure, lowered manufacturing output and intensified our attention to operational improvement. The combination of these actions drove strong operating …

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No-Excuses Selling in a Recession

60 MINUTES

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Your competitors’ dream come true is that during this brutal economy you’re selling the same way as before and biding your time until things get better. You’re making their job easy. Here’s the key insight: In tough times the stakes are higher than ever for your customers and prospects. They can’t coast the way they did when the economy was forgiving.
 
Talk about an opportunity for a salesperson! Yes, people will be buying less until this recession ends. But so what? What matters is that in this time of tumultuous change, people are buying differently. For opportunistic sellers, that’s a huge plus. In this hard-hitting 60-minute …

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Goal-Setting for Salespeople

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Goal-setting is always important for salespeople. But in these economic conditions, it’s mission critical. Many sellers who scraped by in the past without being methodical and goal-oriented will fail in the coming year. Attend this conference and learn goal-setting best practices that separate stars from mediocre performers.
 
No salesperson plans to fail. But many fail to plan. For every star salesperson who achieves breakthrough results, several others plod on in mediocrity. More often than not the reason is that they don’t get” the single most important thing that distinguishes successful from unsuccessful salespeople – the ability to plan. More specifically, to set goals and …

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