WHY RANDOM SAMPLING IS IDYLLIC FOR INTRODUCING NEW PRODUCTS New startups in business abhor competition; a stiff one at that! It gives the entrepreneur goose pimples and since he is unsure of the next move to make when faced with daunting challenges about sales prospects for the new product. He […]
HOW TO MAKE PERFORMANCE APPRAISALS A WIN-WIN EXPERIENCE There are many reasons why appraisals are necessary. Positive reasons include the opportunity to: Often a negative reason is the close relationship between appraisals and employment legislation (for example, lack of appraisal may make it impossible to terminate someone’s employment). This is […]
DO YOU HAVE AN EFFECTIVE CUSTOMER SERVICE AND SUPPORT MODEL? (PART 3) Step 5: Evaluate your company’s sale and order process. If your company’s sales order process is arduous, it will dissuade customers from doing business with your company. But if your company’s sales order process is efficient, it can […]
DO YOU HAVE AN EFFECTIVE CUSTOMER SERVICE AND SUPPORT MODEL? (PART 2) INDUSTRY STANDARDS Companies that achieve total marketing domination often set their industry standards – especially those related to customer service and customer expectations, such as product evaluation periods, warrantees, and return policies. Step 3: Identify any production issues […]
DO YOU HAVE AN EFFECTIVE CUSTOMER SERVICE AND SUPPORT MODEL? (PART 1) Your customers’ perception of the products, value, services, and support that your company provides are the building blocks of your corporate image. And these are the same elements that your customers use to select business partners to supply […]
DIFFERENT BUSINESSES AND THEIR DIFFERENT FACILITY MANAGEMENT NEEDS Facility management encompasses all activities related to keeping a complex operating. Facilities include grocery stores, auto shops, sports complexes, jails, office buildings, hospitals, hotels, retail establishments, and other revenue generating or government institutions. Responsibilities associated with facility management typically include a wide […]
REASONS WHY BUSINESSES PURCHASE CREDIT Credit is a transaction between two parties in which one, acting as a creditor or lender, supplies the other, the debtor or borrower, with money, goods, services, or securities in return for the promise of future payment. As a financial transaction, credit is the purchase […]
HOW CANNIBALIZATION CAN BOOST SALES Cannibalization is a phenomenon that results when a firm develops a new product or service that steals business or market share from one or more of its existing products and services. Thus one product may take sales from another offering in a product line. Although […]
WHY TAILORING BUSINESS PLAN TO SPECIFIC AUDIENCES IS IMPORTANT Business plans are organized to address major concerns and interests of their intended audience. They are commonly tailored to a specific audience by emphasizing aspects that directly relate to the interest of the reader. For example, a business plan written to […]
HOW TO IMPROVE STANDARDS IN A TEAM Any systematic approach to improving performance needs to challenge existing ways of working. Teams looking to improve must learn to generate their own tasks, tackle problems, agree on solutions, and implement their decisions with confidence. Knowing The Project People in true teams “own” […]
