Name :
Arni Aranas
Province/State and Country :
Philippines
Opinion :
I think the essential factor that ensures the success of a business is sensitivity --- to people, the environment, the competition, the nation, and the world. Thus a business entity needs to be wholistic in its approach to planning and implementation of programs.
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Name :
Qi,Lin
Province/State and Country :
N.S.W Australia
Opinion :
how to get a certain degree of proactive action over other tough competitors can be great help which is mostly generated by the scientific analysis from database and also nature gift(how intuitive u are?).
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Name :
Rosa Bisceglia
Province/State and Country :
Tennessee, USA
Opinion :
To ensure that your employees work efficiently and effectively, conduct regular reviews and be considerate of their time. Know what your employees are doing by implementing "management by walking around," and be supportive and appreciative of their contributions.
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Name :
Carl Pearson
Province/State and Country :
New Hampshire
Opinion :
Have someone constantly watching out for what sales and marketing techniques are being tried and their results.
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Name :
john henry
Province/State and Country :
Trinidad & Tobago
Opinion :
1. Know when to cut its losses and downgrade or move on to another business venture.
2. Know when to maximise its service/product status and marketability by moving on to next customer-friendly, technological wave. This should be done when the business appears to be doing well.
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Name :
sweatha
Province/State and Country :
bangalore
Opinion :
empowerment with good training
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Name :
Michelle Harris
Province/State and Country :
California, USA
Opinion :
Understand the concept of the Lifetime Value of a Customer! Then calculate two things - the cost of acquiring NEW Customers and the Lifetime Value for your customers and use it to drive every marketing decision you make.
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Name :
gary fine
Province/State and Country :
Ontari, Canada
Opinion :
understand its customers business and Key performance indicators.
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Name :
piero zanotto
Province/State and Country :
italy
Opinion :
keep customer fidelity and to invest part of
resources to explore new opportunities..
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Name :
Ted Calanog
Province/State and Country :
IN
Opinion :
There are several things that go into the future success of a business. First, you need to do an enormous amount of advertising/marketing and see which works and which doesn't. Once you find out which works best, keep pushing that and try to modify to make it even better. Then, once you have these people coming in that you are targeting, you must keep them by giving them a great product or service, and most importantly great customer service. Customer service is probably the best way to differentiate your business from another business that sells the same product/service. Also, a business must not only focus on getting in new customers (which most do) but they must focus on keeping those customers that they already have. It is much easier and cheaper to keep your old customers coming back than it is to get new loyal customers.
As I am only 20 years old, I do not know this stuff from personal experience. All I know is that when i do have my own business in the future, I will be using these strategies.
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