Incremental improvements in a business are generally non-disruptive. These are easy for the organization to adapt. Customers, too, are also able to accept incremental improvements easily. Over time these measures help improve operational efficiency and increase...
Take a look at Apple. At the core of its business strategy lies product design. Steve Jobs’s emphasis on design is well documented. His attention to detail is legendary. Other aspects like marketing, supply chain, manufacturing, and human resources were also...
Any business, startup or otherwise, will be successful when: It selects the right business model to execute its idea. There is demand for its products or services. The business strategy and business operations give it a competitive advantage over its competitors. The...
When Sam Walton acquired his first variety store, he knew little about retailing. He began visiting his competitor’s store. Sam would speak to the staff there, observe what products were on display, what was selling and what was not selling, what was in demand,...
Business expansion Market entry is a strategy to expand a business. Companies expand their business footprint by entering into new foreign markets. They could also add to growth by expanding into a hitherto region or segment in which they were not operating. Business...