SBANC Newsletter

June 19, 2007

Issue 475-2007

QUOTE

"We need to make sure we have the best people we can in our operations, and that is a constant challenge. There is always room to improve."

     -- James Packer

FEATURE PAPER

Selection of Sales Personnel: Love at First Sight

The following paper was presented at the 2007 Allied Academies International Conference - Jacksonville. It was written by Charles R Emery and Kevin S. Handell of Erskine College.

Abstract

Today’s sales businesses are facing a new type of hiring crisis – a crisis of hiring the right person for the job and the organization. Hiring the right salesperson, however, might be as simple and economical as trusting our adaptive unconscious or thin-slicing. Previous research has indicated that strangers can often predict personality characteristics from mere glimpses of targets. If one can accurately predict personality characteristics from thin-slices, then perhaps one can accurately predict the success or failure of job performance (e.g., sales). This study examines that proposition using car sales personnel. The findings indicate that judges are better at selecting the“ worst” salesperson and that the ability to correctly determine the “best” and “worst” salesperson is positively correlated with age (older) and gender (female). Lastly, there was no significant evidence that training improved a person’s ability to correctly identify the “best” and “worst” salesperson.

Introduction

Today’s businesses are facing a new type of hiring crisis – a crisis of hiring the right person for the job and the organization. The first year cost of a bad hire typically runs 2.5 times the person’s salary, not counting the intangible costs and damage to organizational productivity and morale (Kruger, 2004). In Collin’s (2001) best selling book, Good to Great, he suggests that the single most important thing that makes a company great is to “get the right people on the bus.” Similarly, Thomas Wolfe’s book The Right Stuff (1979) suggested that the selection process is crucial to job performance and as such, should be a sophisticated evaluation of many factors. As such, organizations have been developing long, detailed, and often expensive, selection techniques. This thought process fits well with our culture that is innately suspicious of rapid cognition or quick judgments. Malcolm Gladwell (2005) notes in his best selling book Blink, that: “Our culture suggests haste makes waste, look before you leap, stop and think, and don’t judge a book by its cover. In short, we believe that we are always better off gathering as much information as possible and spending as much time as possible in deliberation.”

Hiring the right salesperson, however, might be as simple and economical as trusting our adaptive unconscious—using a paradigm of love at first sight. For example, Timothy D. Wilson
(2002) writes in his book Strangers to Ourselves: “The mind operates most efficiently by relegating a good deal of high-level, sophisticated thinking to the unconscious. Similarly, Ambady and
Rosenthal (1992) indicate that people are unexpectedly accurate in forming impressions of others from mere glimpses or thin slices of expressive behavior. Their study of teacher effectiveness demonstrated that students, unfamiliar with the teacher, had no trouble in accurately predicting teaching performance based on three, silent, five second videos (1993). These provocative findings
suggest several applications in the area of personnel selection; particularly in the hiring of sales personnel.

The purpose of this study is four-fold: (1) determine whether strangers can accurately predict the performance of sales personnel from thin slices of selling behaviors, (2) determine whether some people are consistently better predictors than others, (3) determine those non-verbal cues used for accurately predicting sales performance, and (4) determine whether people can be trained to accurately predict sales performance.

Read the Entire Paper...

 

TIP OF THE WEEK

Energy Consumption

The energy costs individual small business vary greatly. Ten (10) percent of small employers claim that energy costs are the largest single cost they have while 8 percent claim that they have no direct energy expenses.

• Small-business energy costs (closely related to consumption) are primarily linked to vehicles (38%), heating and cooling of occupied space (33%), operating equipment or processes (21%) and lighting (6%).

• Of the 84 percent who use vehicles in their business operations, 49 percent did not change much of anything in the last year to counteract the higher price of gasoline and/or diesel. The most frequent step of those who did was: 18 percent rescheduled or changed routing; 16 percent used fewer vehicles or used them less frequently; and 11 percent purchased or leased more energy-efficient vehicles.

• Fifty-seven percent own the building in which their business is primarily located. Seventy-one percent of those who lease directly pay the heating and cooling bill, meaning that 85 to 90 percent have an immediate incentive to reduce energy costs in the space they occupy.

• 20% of those who directly pay heating and/or cooling bills remodeled their building or substantial parts of it in the last three years in a way that achieves notable energy cost savings, and non-mutually 21 percent plan to do in the coming three years.

• 11% of small business occupy space in addition to that in their primary location. Just over half (56%) occupy one facility; the remainder occupy more. About half own those locations. 24% lease them resulting in about 62% with a direct incentive to conserve in these structures.

• Fluorescent lighting is now the standard in small businesses. 73% us it; 65% in lamps and 8 percent in compact bulbs. Just 12% still employ incandescent lighting and 6% halogen.

• Two-thirds (67%) of small business have outdoor lighting. The primary purpose of outdoor lighting in over 80 percent of cases is safety and/or security. Most of the remainder use it primarily for advertising and/or awareness.

• Twenty-six percent report that they use equipment and/pr processes that require large amounts of energy like ovens, refrigeration units, or dying machines.

• Within the last three years, 43 percent have taken steps to reduce the amount of energy their businesses consume. The most prominent steps were operational such as changing to more efficient lighting, changing the thermostat, rearranging or rescheduling processes, and switching off lights or equipment when not in use. The most frequent investments were new and more energy-efficient equipment, adding insulation, new windows and/or doors, and installed/improved heat recycling systems. Just 27% of those who had taken at least one step could name a second step they had taken.

William J. Dennis. Jr. NFIB Natoinal Small Business Poll. Energy Consumption - Volume 6, Issue 3. 2006. pg.1.

 

ANNOUNCEMENTS

Request for Papers & Reviewer Volunteers

The Small Business Institue is now requesting papers and paper review volunteers for the Small Business Institute Journal. If you are interested in submitting a paper or becoming a volunteer, please let us know. The first issue is to be printed April 2008. For more information please click here or email us at sbij@uca.edu.

 

CONFERENCES

MEI
Who:
MEI
What:

The 3rd International Symposium on Management, Engineering and Informatics

Where:  Orlando, Florida, USA
When: July 8-11, 2007

USM
Who:
University of Southern Maine Institute for Family-Owned Business
What:

Governance for Families in Business

Where:  Freeport, Maine, USA
When: June 19-22, 2007

FFI
Who:
Family Firm Institute
What:

Annual Conference

Where:  Fairmont Turnberry Isle Resort & Spa in North Miami Beach
When: October 17-20, 2007

AGB
Who:
Association for Global Business
What:

Nineteenth International Conference

Where:  Marriott Key Bridge, Washington D.C., USA
When: November 15 - 18, 2007

ASBBS
Who:
American Society of Business
What:

10th International Conference of the American Society of Business

Where:  Waikiki Beach, Hawaii, USA
When: June 28-30, 2007


CALLS FOR PAPERS


ISBE
Who: Institute for Small Business and Entrepreneurship
What:

30th Annual ISBE Conference

Where: Heriot-Watt University, Glasgow, Scotland
When: November 7-9, 2007

Submission Deadline:
June 30, 2007

 

ASBE
Who:
Association for Small Business and Entrepreneurship
What:

2007 Conference

Where: Austin, Texas, USA
When: October 10-12, 2007

Submission Deadline:
August 1, 2007

 

USASBE
Who:
United States Association for Small Business and Entrepreneurship
What:

USASBE 2008 Annual Conference

Where:  The Westin La Cantera Resort - San Antonio, Texas
When: January 10-13, 2008

Submission Deadline:
August 15, 2007

 

ALLIED
Who:
Allied Academies
What:

International Conference

Where:  Reno, Nevada, USA
When: October 4-5, 2007

Submission Deadline:
September 1, 2007


SBI
Who:
Small Business Institute
What:

2008 SBI Conference

Where:  Handlery Hotel – San Diego, CA
When: Feb. 14-16, 2008

Submission Deadline:
October 1, 2007



 

The SBANC Newsletter is provided as a service to the members of our affiliates: Academy of Collegiate Marketing Educators (ACME), Association for Small Business & Entrepreneurship (ASBE), Federation of Business Disciplines (FBD), International Council for Small Business (ICSB), Institute for Supply Management (ISM), The International Small Business Congress (ISBC), Marketing Management Association (MMA), Small Business Administration (SBA), Service Corps of Retired Executives (SCORE), Small Business Institute (SBI), Society for Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship (USASBE), U.S. Department of Veterans Affairs (VA).. If you are interested in membership or would like further information on one of our affiliates, please see our web site at http://www.sbaer.uca.edu

 

SBANC STAFF

Main Office Phone: (501) 450-5300

Dr. Don B. Bradley III, Executive Director of SBANC & Professor of Marketing;

Direct Phone: (501) 450-5345

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Tyler Farrar, Development Intern

 

 

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Small Business Advancement National Center - University of Central Arkansas
College of Business Administration - UCA Box 5018 201 Donaghey Avenue
Conway, AR 72035-0001
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