Did you have a vision when you started your business? Is your marketing plan helping that vision come to fruition? By focusing on your vision when creating and implementing your marketing plan, your prospects for success are much greater as it makes it easier to remain on course. The key ... Views: 956
Starting a new business? Introducing a new product or service to your current business? Before embarking on either, strategic consideration should be given to potential barriers of entry to the market – and how you will position yourself and develop a competitive strategy to overcome them. ... Views: 888
There are no corners safe from competition. Playing the field is one thing, managing to stay in it is another. The traditional selling approach of presenting features and benefits are no longer effective. So, how do you keep generating sales? What a company or business must do in order to keep ... Views: 853
Rivalry is one of Porter’s 5 forces of strategic industry analysis. And, when considering what you want to achieve and where you want to go with your business, you should scrutinise the rivalry in the industry. There are occasions when entrepreneurs have opportunistically entered the market ... Views: 776
Does your business need to secure more clients or customers? If so, there are several things you can do right now to improve your visibility and advertise your brand. It is of the essence that potential clients know how your service or product will add value to their lives.
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There are various strategies for differentiation that may be used for businesses to gain a competitive advantage over its rivals. Which ones you employ will very much depend on the scale of your business, your available resources and the needs of your customers. You will also have to take into ... Views: 665