Advanced Bionics Is a Global Leader in the Development of Implantable,high-Tech

question 48

Multiple Choice

Advanced Bionics is a global leader in the development of implantable,high-tech neurostimulation devices used to treat deafness and chronic pain.Just two-and-a- half years after introducing its new stimulators,the firm is doing $200 million in domestic sales.
How has Advanced Bionics been so successful? Its success can be attributed to its outstanding products and to three aspects of its sales approach.First,Advanced Bionics hired the right talent for its sales force.Companies tend to use experienced sales reps-often hired away from competing companies-to sell new medical devices.This can be very expensive since experienced reps generally expect as much as $200,000 in annual income.So when Advanced Bionics brought its medical device to market,it hired people with no experience selling medical devices and turned them into sales reps.Hiring inexperienced salespeople created some problems,however,and the company experienced high turnover rates during its first two years in operation.Second,Advanced Bionics provided salespeople with a rigorous training program.Third,Advanced Bionics allowed salespeople to plan their own activities while managers monitored their progress and pushed them to improve.In short,the company has been able to succeed by selecting good salespeople,training them well,and managing them carefully
-Refer to Advanced Bionics.Medical Education Training Associates (META) handles the training of new Advanced Bionics sales reps.One of META's advanced courses focuses on building networks among the company's various stakeholders.Networking is often discussed as an approach for developing:

• A) new product ideas
• B) potential new clients
• C) strategic resources
• D) sales force morale
• E) cost reduction strategies

Understand the differences and effectiveness of various virtual communication tools in organizations.

Identify and describe the functions of specific digital collaboration tools and platforms.

Recognize the importance of communication etiquette and best practices in virtual settings.

Compare and contrast the uses of web pages and social media in professional communication.

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Definitions:

Neural Activity

The electrical and chemical processes that occur within the nervous system, enabling thoughts, emotions, and behaviors.

Stimulants

Substances that temporarily increase alertness and energy levels by enhancing the activity of the central nervous system.

Stimulant

A substance that raises levels of physiological or nervous activity in the body, often used to enhance alertness or physical performance.

Amphetamines

A class of stimulant drugs that increase activity within the brain and nervous system, often used to treat ADHD and narcolepsy but can be abused as performance-enhancing or recreational drugs.