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Exam Details for Salesforce Certified Industries CPQ Developer:
Number of Questions: The exam consists of approximately 60 multiple-choice and multiple-select questions.
Time Limit: The total time allocated for the exam is 105 minutes (1 hour and 45 minutes).
Passing Score: To pass the exam, you must achieve a minimum score of 65%.
Exam Format: The exam is conducted online and is proctored. You will be required to answer the questions within the allocated time frame.
1. CPQ Fundamentals:
- Understand the basics of CPQ (Configure, Price, Quote) functionality
- Familiarize with key CPQ terminology and concepts
- Learn about the features and benefits of CPQ in various industries
2. Product Catalog Configuration:
- Configure and manage product catalog structure
- Define product bundles and pricing rules
- Implement product constraints and options
3. Pricing and Discounting:
- Configure pricing models and price lists
- Define pricing rules and calculation methods
- Set up discounting strategies and approval processes
4. Quote Generation and Configuration:
- Create and configure quote templates
- Define quote line items and quote line editors
- Customize quote generation process and templates
6. Integration and Data Migration:
- Integrate CPQ with other systems and Salesforce modules
- Migrate data from legacy systems to CPQ
- Ensure data consistency and accuracy during migration
7. CPQ Performance and Optimization:
- Optimize CPQ performance and scalability
- Monitor and troubleshoot performance issues
- Implement caching and data synchronization techniques
8. CPQ Security and Compliance:
- Implement security controls and access restrictions
- Ensure compliance with data protection regulations (e.g., GDPR, CCPA)
- Monitor and mitigate security risks in CPQ processes
1. Understand the fundamentals and terminology of CPQ functionality.
2. Configure and manage the product catalog in CPQ.
3. Define pricing models, rules, and discounting strategies.
4. Customize quote generation and configuration processes.
5. Implement contract lifecycle management in CPQ.
6. Integrate CPQ with other systems and migrate data.
7. Optimize CPQ performance and troubleshoot issues.
8. Ensure CPQ security and compliance with data protection regulations.
The exam syllabus covers the following topics:
1. CPQ Fundamentals
- CPQ functionality and terminology
- Features and benefits of CPQ in industries
2. Product Catalog Configuration
- Product catalog structure and management
- Product bundles and pricing rules
- Product constraints and options
3. Pricing and Discounting
- Pricing models and price lists
- Pricing rules and calculation methods
- Discounting strategies and approval processes
4. Quote Generation and Configuration
- Quote templates and customization
- Quote line items and editors
- Quote generation process and templates
5. Contract Management
- Contract lifecycle management processes
- Contract templates and clauses
- Contract amendments and renewals
6. Integration and Data Migration
- CPQ integration with other systems and Salesforce modules
- Data migration from legacy systems to CPQ
- Data consistency and accuracy during migration
7. CPQ Performance and Optimization
- CPQ performance optimization techniques
- Performance monitoring and troubleshooting
- Caching and data synchronization in CPQ
8. CPQ Security and Compliance
- Security controls and access restrictions in CPQ
- Data protection regulations compliance (e.g., GDPR, CCPA)
- Security risks monitoring and mitigation in CPQ
Note: The above information is based on the general outline of the Salesforce Certified Industries CPQ Developer exam. It's always recommended to refer to the official exam guide and documentation provided by Salesforce for the most accurate and up-to-date details.
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Salesforce Certified Industries CPQ Developer (SU21)
http://killexams.com/pass4sure/exam-detail/Industries-CPQ-Developer Question: 86
A company wants to charge different prices for a service dependingon the bandwidth and network selected by the
* If bandwidth is 1 GB and network is ”Internet the price is $10/monthly and $5/one-time-charge
* If bandwidth is 10 GB and network is ”external,” the price is $20/monthly and $0/one-time-charge
Which type of pricing should the developer configure to meet these requirements?
A . Usage Pricing
B . Context rules for pricing adjustments
C . Cost and Margin Pricing
D . Attribute Based Pricing Answer: D Question: 87
Felix is the Vlocity CPQ Administrator, and he’s creating a new product bundle that includes a child product. There
can only be one child product at a time in the bundle; it must be added automatically to the cart along with the parent
product; and users should be prevented from deleting it .
What is the easiest way for Felix to do this?
Note: This question displayed answer options in random order when taking this Test.
A . To create a child product with a cardinality of 1, 1, 1
B . To create an Auto-Add product configuration rule and a Requires product configuration rule
C . To set the Auto-Add and No Delete flags
D . To create a configuration context rule Answer: A Question: 88
Which of these questions would you use to decide that you should use a promotion instead of an offer to market
products? (Choose THREE)
Note: This question displayed answer options in random order when taking this Test.
A . Product is available to limited set of customers.
B . Product is available only to B2C customers.
C . Product is available for a limited time.
D . Product needs to be sold quickly.
E . Product cost is increasing. Answer: A,C,D Question: 89
Which two use cases are supported using context rules?
A . If a customer qualifies for a promotion
B . If a penalty applies when cancelling a promotion
C . Modifying product attribute values
D . Requiring another product when a product is added to the cart
E . When one product is added to the card another product is excluded
F . Recommending another product when a product is added to the cart Answer: D Question: 90
A price list: (Choose THREE)
Note: This question displayed answer options in random order when taking this Test.
A . Is always associated with a price book.
B . Is used to create pricing variables.
C . Contains price list entries.
D . Can be a parent price list or child price list.
E . Is the same as a price book. Answer: A,C,D Question: 91
In Guided Selling, which of these updates the items in the cart?
Note: This question displayed answer options in random order when taking this Test.
A . done
B . vlcCart
C . CpqAppHandler
D . createCart
E . getCartsltems
F . getCartsProducts
G . putCartsltems
H . postCartsltems
. submit Answer: G Question: 92
What does the selectable items element do in a Guided Selling OmniScript? (Choose TWO)
Note: This question displayed answer options in random order when taking this Test
A . Retrieves filtered products from the product catalog
B . Lists products retrieved by the remote action
C . Invokes the remote method postC arts Items
D . Stores the filters for the products to be retrieved Answer: B,C Question: 93
Which type of action can be used in a Configuration/Validation Advanced Rule?
A . Restriction
B . Product Relationship
C . Penalty
D . Qualification Answer: B Question: 94
Which of these rule types can you use to ensure that a valid combination of products is added to the Can?
A . Availability
B . Compatibility
C . Eligibility
D . All of the above Answer: B Question: 95
What is CpQAppHancfler?
A . The remote method used to filter products from the shared catalog
B . An Angular directive within the persistent cart templates that contains CPQ loqk
C . A specialized global Apex class that includes methods to perform CPQ functions
D . An integration procedure invoked by the persistent cart that performs CPQ functions Answer: C Question: 96
Which of these is true for a time plan?
Note: This question displayed answer options in random order when takingthis Test.
A . it has a start date.
B . it has an end date.
C . it has a length of time.
D . it can be prorated. Answer: C Question: 97
Which of the following are the key technologies that power guided selling experience?
A . Vlocity OmniScript
B . Vlocity CPQ
C . Vlocity Order Management
D . Vlocity Account Manager Answer: A,B Question: 98
In Vlocity CME. if you want to regenerate the JSON attribute fields for all products in your product catalog, what job
should you run?
Note: This question displayed answer options in random order when taking this Test.
A . EPCProductAttribJSONBatchJob. accessible in Vlocity University’s training orgs via the Process Attributes button.
B . ProductAttributesBatchProcessor, which can be run via the Refresh Pricebook function on the CMT Administration
C . ProductHierarchyBatchProcessor, which can be run via the Refresh Pricebook function on the CMT Administration
D . ResolveProductHierarchyBatchJob, which can be run via the Product Hierarchy Maintenance function on the CMT
Administration screen. Answer: A Question: 99
Which of these is part of a pricing element? (Choose TWO)
Note: This question displayed answer options in random order when taking this Test.
A . The price category
B . The currency code
C . The charge (amount)
D . Whether the charge is a cost or price Answer: B,C Question: 100
How Can you Change the line item’s configuration in Vlocity Cart?
A . Delete and re-add the product
B . Click the cart line item Actions menu and select Configure
C . Updatethe product’s attribute in Vlocity Product Console
D . Invoke Field Mapper Answer: B
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Salesforce Salesforce action - BingNews
Search resultsSalesforce Salesforce action - BingNews
https://killexams.com/exam_list/SalesforceThis Is What Whales Are Betting On Salesforce
Deep-pocketed investors have adopted a bearish approach towards Salesforce CRM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 10 are puts, totaling $980,886, and 14 are calls, amounting to $619,813.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $390.0 for Salesforce over the exact three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 930.53 with a total volume of 5,604.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Salesforce's big money trades within a strike price range of $140.0 to $390.0 over the last 30 days.
Salesforce Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
Total Trade Price
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
After a thorough review of the options trading surrounding Salesforce, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Salesforce
Currently trading with a volume of 2,053,020, the CRM's price is down by -1.15%, now at $253.19.
RSI readings suggest the stock is currently may be approaching overbought.
Anticipated earnings release is in 56 days.
What Analysts Are Saying About Salesforce
In the last month, 4 experts released ratings on this stock with an average target price of $307.5.
An analyst from Wolfe Research has elevated its stance to Outperform, setting a new price target at $315.
Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Salesforce, targeting a price of $285.
In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $280.
Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $350.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Salesforce with Benzinga Pro for real-time alerts.
Wed, 03 Jan 2024 03:15:00 -0600entext/htmlhttps://www.benzinga.com/markets/options/24/01/36475361/this-is-what-whales-are-betting-on-salesforceWhat is Salesforce and What Does It Do?No result found, try new keyword!Salesforce is a cloud-based customer relationship management (CRM) software that helps businesses connect with and get more information about their customer base. Salesforce is a cloud-based ...Wed, 03 Jan 2024 10:00:00 -0600text/htmlhttps://www.thestreet.com/technology/what-is-salesforce-14796378Salesforce Inc (CRM): A Technical AnalysisNo result found, try new keyword!Salesforce Inc (NYSE: CRM) has a higher price-to-earnings ratio of 97.22x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.28. Analysts have mixed views on ...Tue, 02 Jan 2024 22:51:00 -0600https://newsheater.com/2024/01/03/salesforce-inc-crm-a-technical-analysis/Top 10 World Changing Negotiations For 2024
The global economy is in turmoil. The war in Ukraine, the COVID pandemic, the Israel-Hamas conflict, and other factors have created a maelstrom of economic uncertainty.
There is a growing sense of dissatisfaction with the current international order. Concerned citizens around the world are questioning the legitimacy of institutions like the United Nations and the World Health Organization.
These factors are creating a unique opportunity for countries to leverage the power of negotiation to address the challenges facing our planet. Effective and strategic negotiations would help us create a more stable and prosperous future for all.
Here are 10 of the most crucial negotiations that will shape the world in 2024.
10. Amazon AMZN and Salesforce CRM : The (Probable) Business Deal of the Year
Rumors say Amazon Web Services (AWS) and Salesforce have been in merger talks for several months. If it happened, it would combine two of the largest and most successful tech companies in the world.
Amazon would have a dominant position in the cloud computing and CRM (customer relationship management) markets. Amazon's cloud computing capabilities could also be integrated with Salesforce's CRM software to create a more comprehensive and powerful suite of business applications.
On the one hand, businesses would have access to top tier business tools. On the other hand, there would be virtually no competition. Those who could afford it would have a tremendous advantage over those who canâ€™t.
The deal would help both companies diversify their businesses and reduce their reliance on a single market. For Amazon, Salesforce would provide a new revenue stream from the B2B market. For Salesforce, Amazon's cloud computing capabilities would give it a competitive edge in the cloud market.
Antitrust regulators would certainly scrutinize any such plan over concern it would give the combined company too much power. Furthermore, Amazon and Salesforce have very different cultures, and it may be difficult for the companies to integrate their operations smoothly. Complex negotiations among the companies, within the companies, and with regulators will be required. The potential benefits could be enormous for the two companies and their customers.
9. G20 Negotiations That Will Shape The World
The G20 (Group of 20) is an international forum for the world's 20 largest economies, accounting for approximately 85 % of global GDP and two-thirds of the world's population. Negotiations held there have direct consequences for the economic, environmental, and social well-being of a vast majority of the planet. The 2024 G20 summit will take place in Rio de Janeiro in November.
The ongoing war in Ukraine, rising inflation and interest rates, combined with debt crises in many countries will keep discussions on financial stability and crisis preparedness high on the agenda. exact disruptions in global food and energy supply chains highlight the need for international cooperation to ensure food security, especially for vulnerable populations. Trade policies and agricultural development are likely to be key discussion points.
Furthermore, the G20 is expected to discuss ways to harness the power of digitalization for economic growth while addressing issues like cybersecurity, data privacy, and the implications of artificial intelligence.
It would be laudable if the UNâ€™s Sustainable Development Goals (SDG) would be re-negotiated. Bjorn Lomborg correctly pointed out their unrealistic nature and how to convert them to goals that would be relatively easily implementable and extremely efficient in addressing human suffering.
While the goals are laudable, there are always the same problems when it comes to negotiations between nations: Domestic political realities often hinder efficient collaboration. The ongoing geopolitical conflicts could further complicate progress on critical issues.
8. Arms Control: The Lost Race
The United States and Russia are the world's two largest nuclear powers, and they have a long history of arms control agreements. However, these agreements are under strain, and there is a risk that the two countries could enter a new arms race.
Anticipated challenges in arms control negotiations for 2024 encompass a spectrum of complex factors. Heightened global tensions among major powers, notably the United States, Russia, and China, may complicate efforts to reach agreements.
The rapid evolution of technology, including advancements in cyber warfare and autonomous weapons, poses a challenge in crafting treaties that effectively regulate these capabilities. The persistent concern of nuclear proliferation, either through the spread of weapons to additional states or regional tensions, remains a focal point.
Non-state actors, such as terrorist groups, add an additional layer of complexity, requiring negotiations to prevent weapons from falling into the wrong hands. Trust deficits among nations, historical disputes, and suspicions about intentions contribute to the difficulty of successful arms control negotiations. The intricacies of coordinating multilateral agreements involving diverse interests require adept diplomacy to strike a balance that addresses the concerns of all parties.
Moreover, the perennial challenge of verification and compliance mechanisms persists, demanding effective measures to ensure that nations uphold their commitments. In essence, the landscape of arms control negotiations in 2024 is shaped by a dynamic interplay of geopolitical, technological, and diplomatic factors.
7. Negotiating a More Effective WTO
The World Trade Organization (WTO) is facing several obstacles in 2024 that could hinder its ability to promote economic growth and prosperity around the world.
Recent global tensions have led to a climate of distrust and there has been a surge in protectionism around the world, as countries have sought to protect their own industries from foreign competition. This has made it more difficult to reach deals on trade liberalization, as the WTO is a multilateral organization, relying on consensus among its member countries to reach decisions.
A particular problem is the increasing power of large technology companies, such as Meta, Alphabet, and Amazon. They have built quasi-monopolies and the WTO needs to find a way to address the power of these companies without jeopardizing free trade.
The main challenge, however, will be dealing with the general challenge in terms of legitimacy and relevance. The WTO has been criticized for being too focused on the interests of developed countries and for not doing enough to address the concerns of developing countries. This has led to a decline in support for the WTO among many of its members.
If the WTO is unable to address these challenges, it could risk becoming irrelevant in an increasingly interconnected global economy. Losing an institution focused on promoting global collaboration through negotiations would be a great loss for our world.
6. North Korean Nuclear Threat: Negotiating With A Devil
North Koreaâ€™s erratic antics threaten both regional and global security. The rogue nation continues to test nuclear weapons and has developed a range of missiles that could reach much of the United States. It is a serious and alarming issue.
Certainly, the US is working on resolving the issue vital for national security. However, the international community should quickly join the top-level negotiations to build a consensus on how to dampen the North Korean threat, even to draw the country closer to the world economic community and find ways to work towards common goals.
How can a win-win outcome be established? How can democratic nations negotiate with a tyrant? There lies the core of the problem which requires excellent negotiation skills.
It may be that positive and negative leverage can be used through a process of both tightening sanctions on the country and providing economic assistance.
One thing is certain: North Korea is a real and present threat to peace on Earth, and world leaders would do well to negotiate a strategy for helping the countryâ€™s people overcome their adversities.
5. AI Regulations: Making a Deal Before the Race is Over
The development of artificial intelligence (AI) has the potential to accelerate world progress, but it also poses serious risks. On the military end, for instance, not only does AI promise quicker responses and more accurate targeting, but it also amplifies the consequences of hasty or inaccurate decisions.
While the public may wonder whether AI will cause them to lose their jobs, business leaders are scurrying to leverage AI before their competitors do.
Meanwhile, politicians are busy creating regulations and guidelines for the responsible development and use of artificial intelligence. It includes addressing issues such as data privacy, algorithmic fairness, and the development of human-centered AI systems.
The EU has, as is often the case, been among the first to come up with specific regulations. That is a tall order. The challenge lies in managing the risks without hampering innovation.
There wonâ€™t be effective regulations unless they are decided on a global scale, e.g. by the G20. Industry leaders, big tech, and startups alike must be quick to meet political leaders to come up with win-win solutions before AI endeavors are being killed locally or just moved to countries without restrictions.
4. The US-Iran Nuclear Deal: Mission Impossible
The fate of the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), hangs in the balance in 2024. The Biden administration has made reviving the deal a priority, but it faces opposition both from Iran and from domestic critics.
The United States will need to tread carefully in its efforts to revive the JCPOA. It will need to address Iran's concerns about the Trump administrationâ€™s decision to withdraw from the deal, while also convincing its allies that the JCPOA is the best way to prevent Iran from developing nuclear weapons.
The Biden Administration must build a coalition of support for â€” one that includes not just Americaâ€™s European allies but also countries like China and Russia. The Taiwan-China situation and the Russian war in Ukraine further complicate a possible deal. But the most pressing issue is Iranâ€™s presumed involvement in the Hamas-led massacre of Israelis on October 7.
As a negotiation advisor, I am usually quick to give advice but this is one of the most complicated scenarios I have ever observed and I can not even imagine a viable deal in the near future.
3. Armenia-Azerbaijan: On The Road To Peace
Armenia and Azerbaijan, embroiled in a longstanding conflict over Nagorno-Karabakh, face substantial negotiation challenges in their pursuit of peace. Despite a 2020 Russian-mediated agreement and subsequent peacekeeping, tensions escalated in 2022 with Azerbaijan's invasion of Armenian territory. The EU and US, attempting to mediate, were dismissed by Azerbaijan, claiming bias in favor of Armenia.
One of the unique challenges stems from the stark political differences between the two nations. Armenia, a democratic state, engages in negotiations with Azerbaijan, led by the authoritarian President Ilham Aliyev. This stark contrast in political systems adds complexity to the diplomatic landscape.
Key negotiation challenges include border disputes, with Armenia advocating for delineation using Soviet military maps, a proposal opposed by Azerbaijan. The political will for a peace treaty becomes a sticking point, as Azerbaijan insists on separating the border issue from the overall agreement. The Armenian opposition, wary of potential territorial concessions, emphasizes the importance of border delimitation before the prime minister signs, expressing concerns about giving in too easily.
The negotiations also grapple with the aftermath of a mass exodus, where over 100,000 people fled the conflict. Despite goodwill gestures, such as a prisoner exchange, and a rare bilateral meeting between leaders in St Petersburg on 26 December 2023, paving the way for an agreement, the complexity of drafting a peace agreement persists. Seven drafts have been exchanged, with the unresolved issue of linking Azerbaijan to its exclave of Nakhichevan, crucial for national security.
The negotiation process involves international recognition of Nagorno-Karabakh as Azerbaijani territory, further complicated by the geopolitical interests of Turkey, Russia, Iran, the US, and the EU in the strategically critical region. The draft agreement's principles focus on mutual respect, rejection of territorial claims, adherence to international law, and the opening of communication routes.
The negotiation challenges extend to the potential role of a bilateral commission and the unresolved issue of a land transportation link between Azerbaijan and Nakhichevan. With the peace process ongoing through the OSCE Minsk Group, the outlook remains uncertain, with the possibility of a breakthrough or stalling in 2024. Despite the complexities, there is a sense that both sides are ready to pursue peace, underscoring the intricate and challenging nature of the negotiations.
2. Israel-Palestine: A Road From Terror And Destruction To Peace?
The Israeli-Hamas conflict is an ongoing source of instability in the Middle East, and there is little hope for a lasting peace agreement in the near term. The barbaric attacks of Hamas on Israeli civilians and Israelâ€™s response, which many judged too harsh on the civil population, have broken any trust that previously existed between the two parties.
World leaders, however, are committed to restarting negotiations in full awareness that there is no easy solution. One of the primary sticking points is the status of Jerusalem. Both claim Jerusalem as their capital. This is a difficult issue to resolve, but it is an essential piece to the puzzle for any peace agreement.
Another challenge to peace is the presence of Israeli settlements in the West Bank. The settlements are illegal under international law â€” which Israel disputes â€” and are a recurrent theme in negotiations between the countries. The Palestinians want the settlements to be dismantled, while Israel is reluctant to do so.
Despite the challenges both sides have a shared interest in peace, and hope remains that the conflict can be resolved. The Abraham Accords, initiated by President Trump, were groundbreaking, as several Arab nations agreed to normalization of their relations with Israel in exchange for Israel taking further annexations of Palestinian territory off the table. So, negotiations are in fact possible. Third parties will be key, as those can use positive as well as negative leverage through procedures such as trade agreements and multinational investments.
If the international community can help to bring about a peace agreement between Israel and Hamas, it would be a major step forward for the region and the world.
1. Russia-Ukraine War
The ongoing conflict between Russia and Ukraine exerted a devastating impact on the two countries and resulted in a major humanitarian crisis. Several governments imposed sanctions on Russia and provided military and humanitarian assistance to Ukraine.
The negotiations between Russia and Ukraine began before the start of the invasion in February 2022. The two sides have held numerous rounds of talks since, both in person and virtually, but so far have been unable to reach an agreement.
The key negotiation issues discussed include the following:
The status of Crimea: Ukraine is demanding the return of Crimea, which was annexed by Russia in 2014. Russia has said that Crimea is part of Russia and is not negotiable.
The status of Donbas: Ukraine is demanding that Russia withdraw its troops from the Donbas region, which is in eastern Ukraine. Russia says it will only withdraw its troops if Ukraine agrees to a neutral status and a demilitarized border.
Guarantees of security: Ukraine is demanding security guarantees from other countries and NATO to prevent Russia from invading again. Russia says it is not willing to give Ukraine such guarantees.
The war in Ukraine could continue for many years to come. It could escalate into a wider conflict between Russia and NATO members, causing a major global crisis with potentially catastrophic consequences. Putin has the worldâ€™s largest nuclear arsenal. Itâ€™s not possible to triumph over a nation that has the ability to destroy the entire planet.
German foreign secretary Baerbock blurting out that â€śWe want Ukraine to win this warâ€ť, is actually displaying a misunderstanding of global conflicts: they are not football games. With the Westâ€™s focus on imposing sanctions on Russia and providing military and humanitarian assistance to Ukraine, it has lost the possibility to act as a mediator.
But the international community must work to de-escalate the conflict and engage in diplomatic efforts to find a long-term solution for the two neighboring countries. Countries in Africa, the Middle East, and Asia havenâ€™t taken sides. And they have already done what the West should have done right from the beginning: Addressing the root causes of the conflict, such as the expansion of NATO and Russiaâ€™s security concerns.
Conflicts cannot be resolved through moral righteousness â€” at the negotiation table.
There are certainly many more pressing issues to be negotiated, such as Chinaâ€™s annexation of Taiwan, which was just, for the first time, given a deadline: negotiations, such as the are many tensions at this point in time, such as Xi Jingpingâ€™s exact statement that they are inevitable.
One would think that humankind would have by now clearly seen the futility of armed conflict and hatred. Deliberate and enthusiastic negotiations can pave the way for peace, and there is yet room on the planet for all people and every culture.
Think of it this way: Intense conflict always requires a successful negotiation before it can end. Consequently, the focus of world leaders should be on wisely applying the principles of negotiation. The outcome of that strategy would be the prevention of wars, the easing of tensions, and the discovery of solutions to pressing human issues. There is much to learn and much at stake for us all in 2024.
Tue, 02 Jan 2024 01:36:00 -0600Jack Nasherentext/htmlhttps://www.forbes.com/sites/jacknasher/2024/01/02/top-10-world-changing-negotiations-for-2024/Salesforce escaped from the jaws of activists to find stability in 2023
This year did not start off great for Salesforce, with an unusual level of turbulence and uncertainty surrounding the company. But as the year comes to a close, Salesforce finds itself in surprisingly good shape financially: Its stock is up over 96% year-to-date. Earlier this year, such an outcome would have seemed impossible to imagine.
The bad news started rolling in even before the new year began, when co-CEO Bret Taylor, who many speculated was being groomed to be heir apparent to Marc Benioff, quite suddenly announced he was leaving the company at the end of November. A week later, Slack CEO and co-founder Stewart Butterfield announced he, too, was stepping down. Losing two key executives in less than a week would be a huge hit to any company, but it would be just the start of an onslaught of bad news for the CRM giant.
As the year began, we learned that activist investors were, well, quite active inside the company. This included Elliott Management, Starboard Value, ValueAct Capital, Inclusive Capital and Third Point. When activists show up, they usually have a strong opinion on how to â€śfixâ€ť a company, and this would be no different.
First, we learned that Salesforce was bringing in three new board members, which felt like a way to appease the activists â€” especially because one of them was Mason Morfit, CEO and chief investment officer of ValueAct, one of those very same activists.
Activists typically pressure the company to cut costs, and in corporate terms, that usually means cutting staff. Sure enough, Salesforce soon announced that it was cutting 10% of its workforce, or 7,000 people, on January 4, 2023. The excuse was that it had overhired during the pandemic and this was a correction, but it could also have been throwing the activists a cost-cutting bone.
Sun, 24 Dec 2023 01:59:00 -0600en-UStext/htmlhttps://techcrunch.com/2023/12/24/salesforce-lookback-2023/Can Salesforce Stay on Top of CRM Providers in 2024?
Salesforce continues to dominate tech headlines and investment forums in 2024. The company has garnered much attention thanks to improved features and an increased stock price, but layoffs and leadership transitions are also part of the chatter surrounding the organization. Internal and external changes could pave the way for rivals like Microsoft and Oracle to claim more market share.
As our review of the Salesforce CRM makes clear, the vendor produces one of the best CRM platforms around. But that doesnâ€™t mean businesses shouldnâ€™t study Salesforceâ€™s competitors. Another offering could better suit your needs, especially when you consider some of Salesforceâ€™s downsides.
Editorâ€™s note: Looking for the right CRM software for your business? Fill out the questionnaire below to have our vendor partners contact you about your needs.
Why you should consider Salesforce alternatives
The customer relationship management (CRM) space is full of large and midsize companies vying for the attention of businesses like yours. While only a few CRMs out there are real competition for Salesforce and its global scale, small business clients have a wide variety of vendors to consider.
Salesforce is the most prominent name on the market, with a vast array of features and integrations at reasonable pricing, but those positives may become negatives when viewed from a small business point of view. For example, too many choices can create analysis paralysis; with a plethora of features to choose from when choosing their Salesforce package, small business owners may become overwhelmed or distracted from their core business needs. Plus, many of the companyâ€™s integrations and features can be irrelevant and costly bells and whistles for some smaller businesses that can get by with basic functionality. You should also keep in mind that bigger doesnâ€™t always mean better when it comes to customer service. Salesforce, despite being the global CRM leader, has gained a reputation for limited customer support within small business circles.
Fortunately, all it takes is a little research to discover which Salesforce alternatives may be more ideal for your business. Weâ€™ve gotten the process started for you by rounding up some of Salesforceâ€™s top competitors below.
Salesforce is the market leader in the CRM space, but small businesses may want to look elsewhere for a vendor that delivers quick customer service and provides the level of individual attention smaller companies need.
Top Salesforce competitors
Could one of Salesforceâ€™s top competitors be a better solution for your small business? We recommend considering these vendors.
One of the things we love most about Keap is its ease of use. This CRM platform is super customizable to your businessâ€™s unique needs and makes automation simple to set up. You can add over 2,500 software integrations and sales and CRM marketing tools to expand its functionality. However, Keapâ€™s contact-based pricing model means costs will increase for businesses with more than 10,000 contact names (contacts could include all of your current and past customers, as well as customer leads). This may not be a significant drawback, however, for very small businesses with limited client lists:
Why it stands out: Keapâ€™s CRM platform stores all customer activity in a centralized space. Your businessâ€™s customer interactions are added automatically. The user dashboard makes it easy for you and your team to text, email, book appointments, process purchases and add invoices from the same screen.Â
Pricing: The Pro plan starts at $139 per month for two users. The Max plan starts at $199 per month for three users. The company also offers a 14-day free trial.
Zoho CRM is designed to increase leads, accelerate sales and accurately measure performance with ease and efficiency. Zia, the systemâ€™s artificial intelligence (AI)-powered assistant, predicts leads and deals, identifies potential customers for conversion and helps sales teams focus their efforts with user-friendly guidance. Note that only Enterprise subscribers have access to these AI-powered tools:
Why it stands out: This vendor particularly excels at serving remote and hybrid teams. Real-time notifications of customer interactions can reach your sales team in any location, easy-to-use automation saves time on repetitive tasks and the flexible dashboard makes it convenient to stay in touch with your entire sales team from anywhere.
Pricing: Zoho offers four plans â€” Standard, Professional, Enterprise and Ultimate. Pricing starts at $14 per user, per month, for the Standard package and tops out at $52 per user, per month, for the Ultimate option. We particularly like that the Enterprise tier gets you a customer journey command center, a Canvas visual CRM view, a mobile software development kit and multiuser portals.Â
Zendesk works incredibly well for businesses with complex customer profiles and industries with long-term customer relationships. It is especially well-suited for managing post-sale business activities, renewals and other customer service tasks. However, the home dashboard isnâ€™t super user-friendly compared to other CRM options on the market.Â
Why it stands out: You can enjoy a suite of collaboration tools that keep team members engaged and make it easier to work together from various locations. Customer data is aggregated from multiple customer touchpoints into a central database, preventing different departments from duplicating communications or missing context.Â
Pricing: The monthly subscription price ranges from $19 to $99 per user, with a 30-day free trial option.
While Oracle is one of the biggest CRM companies in the world â€” competing alongside leaders like Salesforce, SAP, Microsoft and Adobe for market share â€” it can also be a powerful tool for small e-commerce businesses. Its Oracle NetSuite product is a truly unified, all-in-one commerce solution for sales, marketing and operations. Just be aware that access to all features and tools requires purchasing Oracleâ€™s enterprise resource planning platform.
Why it stands out: The Oracle CRM includes custom integrations with the full suite of Oracle products. It also provides a robust CRM analytics system, highly rated mobile applications and full browser and cloud support.
Pricing: Costs are not available online because quotes are generated based on each businessâ€™s specific needs.
For businesses with never-ending task lists and complex ventures, the monday Sales CRM from monday.com can help streamline project management processes as they relate to sales activities. The vendorâ€™s core work management platform, which is included with the CRM, is designed to run and scale to any workflow. The softwareâ€™s interfaces are easy to navigate, and the program comes equipped with unlimited boards to organize projects, from dashboards to customer data visualization tools:Â
Why it stands out: Premade templates make building and implementing time-saving automation super simple. We like that all plans include 24/7 customer support.
Pricing: There are four plans available â€” Free, Basic, Standard and Enterprise (for large-scale operations). The free plan is limited to two users, 5GB of storage and 200+ templates. Basic and Standard are priced from $10 to $14 per user per month when billed annually, while companies interested in the Enterprise option need to get a custom quote. Students and nonprofits may qualify for discounted or free access.
The vendors we highlighted above are only some of the many other CRM providers small businesses can choose from. Companies like Less Annoying CRM, HubSpot, Insightly and SugarCRM canâ€™t compete with Salesforce in terms of sheer size, but they understand the small and medium-sized business market. Like the other CRM vendors profiled in this article, these companies have built CRM solutions designed to serve small businesses with a more modern sales process that makes buying a software-as-a-solution product more transparent.Â
Salesforce has an entry-level option called Salesforce Essentials. This product may be more appealing to small businesses that still want to work with the Salesforce brand but donâ€™t need all of the companyâ€™s pricey tools.
The future of Salesforce and its competition
Salesforce is unique in that it acquired a dominant market share by targeting businesses of all sizes at the same time. The company continues to face stiff competition from big dogs like Oracle NetSuite CRM and Microsoft Dynamics as they move out of the enterprise-only market to nab contracts with large and midsize companies. Thatâ€™s on top of the increasing competition Salesforce faces from CRM companies that focus exclusively on the small business set.Â
The strength of the competitive landscape combined with the economic changes hitting the technology sector in 2024 promise to make it an interesting year for Salesforce. The alternatives that focus on serving the unique and evolving needs of small businesses, instead of on company growth and global market dominance, could chip away at Salesforceâ€™s clientele. After all, a global presence and unmatched power donâ€™t automatically make the Salesforce CRM the best option for your business.
Mona Bushnell and Jordan Beier contributed to this article.
Tue, 02 Jan 2024 09:59:00 -0600entext/htmlhttps://www.businessnewsdaily.com/11203-salesforce-crm-competition.htmlsalesforce inc.
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Wed, 27 Dec 2023 10:00:00 -0600en-UStext/htmlhttps://www.foxbusiness.com/quote?stockTicker=crmSalesforce's year of the boomerang: Here are the C-suite executives who joined, left, or returned in 2023
Several former Salesforce employees rejoined the company this year as "boomerangs."
There were also high-profile departures of longtime executives.
See below for Salesforce's leavers and joiners in 2023.
The end of 2022 was marked by a series of executive departures at Salesforce, including the exit of co-CEO Bret Taylor, who had been heir apparent to CEO Marc Benioff.
In the wake of pressure to up profit and cut costs from a group of activist investors, including Elliott Management and Starboard Value, some longtime company veterans left, and former executives have returned to help. Benioff affectionately refers to those who have re-joined as "boomerangs," and he has called for more to come join them as Salesforce ramps up generative AI efforts.
Meanwhile, chief operating officer Brian Millham's influence at the company is on the rise. Some have speculated he could be first in line to succeed Benioff as CEO â€” if and when Benioff decides to step down.
Below is a list of the major Salesforce executive changes in 2023.
COO Brian Millham took on additional responsibilities. He now oversees about 70% of Salesforce's employees.
President and COO Brian Millham has been with Salesforce since 1999, but his influence at the company has ballooned in the last 18 months, which has caused some speculation that he could be first in line to succeed CEO Marc Benioff. In 2023, Millham's purview expanded to include marketing, employee success, and business technology, in addition to his other responsibilities â€” global sales, customer success, global alliances and channels, and professional services. Millham was promoted to COO, two years after a promotion to chief customer success officer and COO of global distribution.
Chief business officer Ebony Beckwith left Salesforce after 14 years.
By the time company veteran Ebony Beckwith left Salesforce in May, she held three different titles: chief business officer, chief of staff to Marc Benioff, and CEO of Salesforce Foundation. Neither Salesforce nor Beckwith gave a reason for her departure. Her LinkedIn profile has not been updated with a new job. Beckwith joined Salesforce in 2008 and began leading philanthropic efforts in 2014.
Former CMO Sarah Franklin is leaving the company at the end of the year to join Lattice as CEO.
After 15 years at Salesforce, Sarah Franklin has been named CEO of HR software startup Lattice, run by Jack Altman, brother of Sam Altman. She starts on January 2. In June, Franklin moved from her role as Salesforce's chief marketing officer to chair of the advisory board alongside Alex Dayon, who is retiring at the end of the year. Franklin was named president and CMO in 2021. She joined the company's marketing department in 2008.
Ariel Kelman returned to Salesforce as chief marketing officer.
Former Oracle CMO Ariel Kelman took the top marketing job at Salesforce in June. Kelman is one of Benioff's "boomerangs" â€” he first worked for Salesforce from 2005 to 2011, when he left to run worldwide marketing at Amazon Web Services. After eight years at AWS, Kelman spent a year and a half as CMO of Oracle. Kelman left Oracle in August of 2022 after the restructuring of the marketing organization he'd spent nearly two years building. At the time, sources told Business Insider that Kelman had clashed with Oracle CEO Safra Catz over the changes, which included mass layoffs.
Former Okta CMO Kendall Collins joined Salesforce as Marc Benioff's chief of staff.
Another of Benioff's "boomerangs," Collins joined Salesforce in April as chief business officer and chief of staff, roles previously held by Ebony Beckwith. Collins first worked for Salesforce from 2004 to 2016 after spending the first few years of his career at Oracle. Most recently, Collins was CMO of cloud software company Okta. He left that role in February of 2022, staying on as an advisor.
Former chief people officer Brent Hyder left Salesforce in August for VF Corp.
Hyder's relatively short â€” but busy â€” run at Salesforce ended in August when he left to join apparel group VF Corp. as chief people officer. In the four years he was at Salesforce, Hyder's human resources organization oversaw a pandemic-fueled hiring spree, followed by a major restructuring initiative that included laying off 10% of the company. In June, Insider reported that Hyder offended some employees with comments he made during a Pride Month event. Hyder joined Salesforce in 2019 from Gap Inc., where he had been chief people officer.
Miguel Milano joined Salesforce as chief revenue officer.
Milano joined Salesforce as president and CRO in August. Another "boomerang," Milano first worked at Salesforce from 2011 to 2020, eventually overseeing the international sales organizations for Europe and the Middle East, Latin and Central Americas, Africa, and Asia-Pacific regions. Milano left Salesforce in 2020 for the German data processing company Celonis, where he was CRO until his return to Salesforce. Former Salesforce CRO Gavin Patterson left the company in January.
Lidiane Jones is leaving Slack to take the top job at Bumble.
Jones, a Salesforce product executive who was named CEO of Slack in January, was recently appointed to succeed Whitney Wolfe Herd as CEO of Bumble Inc. Jones starts at Bumble in January. She joined Salesforce in 2019 from Sonos Inc. and quickly worked her way up from vice president of product for Commerce Cloud to overseeing the entire division. Denise Dresser, a Salesforce executive, will replace Jones as Slack CEO.
Advisory board chair Alex Dayon is retiring at the end of the year.
Dayon, a 15-year Salesforce veteran, is set to retire at the end of the year, Salesforce said in June. He is currently president and special advisor to the CEO, working remotely from Paris, according to his LinkedIn. He was previously president and chairman of the advisory board, reporting directly to Benioff, and before that, held chief strategy at product roles. Dayon joined Salesforce in 2008 and at one point, was gifted an electric BMW by Benioff.
A new chief legal officer joined. The chief trust officer left.
After 18 months as Salesforce's chief trust officer, Vikram Rao left the company in October to take the top cybersecurity role at Atlassian.
In June, Sabastian V. Niles joined Salesforce as president and chief legal officer. Niles, formerly a partner at Wachtell, Lipton, Rosen, & Katz, had been counseling Salesforce as it responded to a group of activist investors earlier in the year.
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