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.
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.
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.
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.
Marketing 3.0 is a new approach to marketing where customers are believed to be human beings with emotions, needs, and inspirations.
The Five Forces framework enables companies to find an attractive industry and serves as a starting point for understanding the competitive landscape.
Employees that are afraid will never speak up, continue looking for other jobs, and will never be loyal to you as a boss.
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.
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.
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.
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
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.