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In late 2005 and early 2006, oil prices were soaring. Each Wednesday the Energy Information Administration (EIA), the statistical arm of the Department of Energy, releases its petroleum status report. The report documents both domestic and foreign petroleum inventories. That report has been issued for many years, yet I had never noticed it or paid much attention to it until those oil prices started heading through the roof. Industry needs fuel. In fact, American consumers need it, too. The United States is the world s largest consumer of oil. Therefore, with stock prices noticeably responding to each successive EIA report, I began to pay close attention to those weekly announcements. During times when oil prices are dominating the news, I also carefully watch the price of crude and also prices in the oil services industry. I know that if both crude oil and oil services stocks are sharply rising, the odds are great that stock prices in the industrial and manufacturing sectors are falling. This relationship is graphically expressed in Figures 10.22 and 10.23. Therefore, during times when folks have the oil jitters, I use crude and oil services as contrarian indicators.

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Sales managers are often the best salespeople on the team However, the best sales managers are simply the best at managing salespeople, and that is very much a matter of applying the experience of other sales companies in a systematic way Like marshalling an army, the key to success lies in preparation Make sure your salespeople know everything about the product that any prospect might sensibly ask Don t just tell them or show them Make sure they can tell and show you Training isn t like being at school It is or ought to be much more fun Give quizzes, and give little prizes for projects such as who has the best rundown on competition Get the salespeople to teach each other Build up team spirit by encouraging everyone to support each other and recognize each other s achievements.

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Something is always changing so training is a continuous process, and there are invariably points you will want to follow up on, such as after-sales service Most firms find it is enormously helpful to hold training meetings at a regular time each week They don t have to be long; 30 minutes is enough in many cases Monday morning is popular with management because people have a whole week to apply the knowledge they have acquired Salespeople like meetings too It helps to build a team spirit and whet their competitive edge There s no point in just announcing glorious targets Targets, like carrots in front of donkeys, have to be individually positioned just far enough out of reach to encourage the salesperson to stretch, yet not so far away that the goal is unobtainable.

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You can only be sure that you have set an attainable target if you have sat down with each salesperson and explained exactly what is required in what time and have worked out together how the person can overcome any anticipated obstacles Targets often work better where there is a mix of short and intermediate goals This is partly because some salespeople are better at one than the other, but mainly because it gives a sales manger more scope to raise targets without raising hackles You can help salespeople by supplying leads, but they need to be doled out so that justice is seen to be done It is also important to see that work is fairly shared among the team There is no point in trying to present goodies behind anyone s back or unduly helping lame ducks.

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owners are willing to grant permission to each user individually, access is grouped and granted to everyone who has that particular job function or role within the organization This example is one aspect of why standards are necessary to provide a common ground for operating securely The theory describes users with a particular level of clearance or permission to access data and the data of the same level of security, which exists in a zone or security level where common amounts of protection are given to all data at this level If data at this level was made available to users or processes with a lower level of security clearance, the data could no longer be considered as secure at the higher level, because data can only be as secure as the lowest level of clearance that has access to it.

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