Tag business strategy

Business

The Problems of Multiple Accounting Standards

In this global economy, companies don’t try to operate in small markets as individual silos, instead, companies try to grow out of their small markets and even move to other countries.

Teylor Feliz
October 28, 2023

Business

Effectiveness of IT in Managing Information within an Organization

The effectiveness of information technology depends on how we use it and adopt it in the organization. If we are storing or sharing the wrong information, then we are not creating or getting any benefit from it.

Teylor Feliz
September 16, 2023

Business

Customer Interaction in Online and Physical Stores

Even with online stores, some customers still prefer brick-and-mortar stores because they like to go to a location to try the products before buying.

Teylor Feliz
August 17, 2023

Business

Rethinking the Traditional Shopping Mall Experience

In the era of the Internet, Amazon, Walmart, and two-day shipping, one of the biggest losers because of the rise of the Internet is the traditional shopping mall.

Teylor Feliz
August 5, 2023

Business

Marketing 3.0 and Exxon Mobil: A Mission Statement

Marketing 3.0 is a new approach to marketing where customers are believed to be human beings with emotions, needs, and inspirations.

Teylor Feliz
August 2, 2023

Business

Michael Porter’s Five Forces Model

The Five Forces framework enables companies to find an attractive industry and serves as a starting point for understanding the competitive landscape.

Teylor Feliz
July 20, 2023

Business

Shaming your Employees is Not the Solution

Employees that are afraid will never speak up, continue looking for other jobs, and will never be loyal to you as a boss.

Teylor Feliz
June 13, 2023

Business

Opportunity Costs and Sunk Costs

Some people double down on bad investments and end up losing more money. I would like to discuss opportunity costs and sunk costs concerning business decisions.

Teylor Feliz
June 7, 2023

Business

Customers Are Not Always Right

There is an old saying that declares that “the customer is always right”. Nevertheless, taking this approach to the core of your business means that you won’t always provide the best service to your customers.

Teylor Feliz
May 24, 2023

Business

Blue Ocean Strategy in Product Development Using Netflix as an Example

What used to be a blue ocean for Netflix as the innovator in the streaming services business, has become a red ocean where everybody is trying to get a piece of the pie.

Teylor Feliz
January 31, 2022

Business

The Failed Business Processes for the Boeing 787 Dreamliner

Boeing should have tested the parts and features of the plane before promising the public as integral features to expect in the 787 Dreamliner line. For example, if they have tested the lithium-ion batteries with parameters similar to the ones facing airplanes during a fly before delivering the planes, they could have found most of the issues and avoided bad publicity in 2013

Teylor Feliz
January 24, 2022

Business

How Lego Aligned Information Systems with Business Strategies

Since Lego creates products based on movies and other characters, it’s a good way to stay relevant and evolve with the popular items on the market.

Teylor Feliz
January 18, 2022