Maximizing R.O.I Ayman Ahmed Samy Line : E Mansoura office Destrict manager : DR: Amr Hashem
Maximizing R.O.I Ayman Ahmed SamyLine : EMansoura officeDestrict manager : DR: Amr Hashem
What
• can't be defined ,• can't be measured ,• can't be controlled ,• can't be improved .
Definition of ROI• ROI is the abbreviation of the return on
investment .
• ROI is one of the performance measures used to evaluate the efficacy of investment in a certain period of time to decide either to undertake this investment or not and also used to decide either it’s a successful investment or not .
Investment
• Investment needs resources to gain out comes• G.N.P resources are financial investment ,
employee & G.N.P brands.• Each resource has a specific cost , each
resource yields to gain specific result .• Investment has a financial impact & non-financial impact .
Financial resources
1. Medical rep… time, salary, car, allowance & insurance . 2. Marketing ….. Overnights, abroad, symposium,
conferences, A.M group meetings, brochures, gimmicks.
3. Sales expenses .
Human resources
• Medical reps , mangers , trainers , administrative employee.
• Medical rep competences , knowledge , skills & personal attributes .
• Medical rep is the play maker in the game of investment .
Measurement of R.O.I • NO value of investment if there is no return .
• Elements of R.O.I are the cost of investment, size of investment, benefits & profitability.
• R.O.I % = ( net profit / cost of investment)*100
( gain – cost )
Controlling
• To control your investment you have to have objective.
• For good investment you should know about your promo plan , right customer for the right investment , reflection on sales , either short term or long term investment .
• Follow up is the main way for controlling the investment . follow up customer, pharmacy , distributor & competitor .
Starting with investment
• Select your project & your objectives.
• Collect data , identify the investment factors & identify returns .
• go on your plan .
• Analyze your investment .
Why R.O.I ?
• To evaluate performance of 1.Services .2.Marketing plan .3.Training program .4.Recruiting program .• To compare :1. your investment with others .2. your investment with other marketing tools .3.Your bench marking .
Advices about R.O.I
• Invest early.
• Invest regularly.
• Invest for long term but consider short term.
• Close follow up .