article thumbnail

Ethical Sales Practices Are Driven By These Business Principles

Integrity Solutions

Some of the most notorious ethical failures in the world have occurred at companies that supposedly prioritized integrity. According to the 2021 Global Business Ethics Survey® , around 1 in 5 U.S. employees said their workplaces had a strong ethical culture in 2020, compared with 1 in 10 who felt that way in 2000.

Ethics 52
article thumbnail

From Classroom to Virtual Reality: How Pharmaceutical Rep Training Has Evolved

Contrarian Sales Techniques

As a male rep entering this competitive field, I felt the pressure to absorb every bit of information and perfect my pitch to stand out. We were drilled on the science behind our medications, their benefits, potential side effects, and the competitive landscape. Their training centered more on market competition and cost-efficiency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Future of Medical Sales Careers: Trends, Challenges, and Opportunities

Rep-Lite

Don’t get it wrong, these are all aimed at ensuring patient safety, transparency, and ethical standards. For sales representatives, compliance is necessary for maintaining trust and credibility, which makes it even more necessary to have continuous training and adherence to ethical sales practices.

article thumbnail

New Bill could enhance UK clinical trial regulation

European Pharmaceutical Review

Benefits of The Future Clinical Trials Bill Chiefly, the Bill’s goal is to increase patient participation and overall, ensure clinical trials have the highest levels of safety while enabling greater regulatory pragmatism, the author explained. If achieved, this would boost the UK’s competitiveness as a leading international site for trials.

Ethics 86
article thumbnail

Improving Access to Medicine: The Role of Pharma Companies in Emerging Markets

PM360

This can be especially important in the current global economic climate, where competition for market share is fierce, and access to new customers is critical for growth. Firstly, entering new markets and increasing sales should boost revenue. In a shareholder meeting, Merck & Co.

article thumbnail

Navigating the Challenges of Selling Contradictory Products: A Guide for Sales Representatives

Contrarian Sales Techniques

It can be challenging when you find yourself promoting products that seem to contradict each other, as it can raise questions about the effectiveness and safety of the products you're selling. One of the biggest challenges faced by sales representatives today is the increasing competition in the market.

Sales 52
article thumbnail

Mastering the Art of Presentation: Choosing the Perfect Sample Bag for Pharma Sales Success

Contrarian Sales Techniques

Imagine this: a pharmaceutical sales representative, armed with the latest and greatest in medical advancements, sets out to make their mark in the competitive healthcare industry. These regulations, which vary from country to country, are designed to ensure that drug distribution is safe, ethical, and in the best interest of public health.

Sales 52