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10 Lessons That All New Business Owners Must Heed In The Modern Era

Strategy Driven

In reality, though, if you choose a company idea for the wrong reasons, it will show. Besides, there is no greater reward than knowing than building a company that fills you with pride. #2. A strong team of employees won’t only lead the company to increased productivity. You Can’t Go It Alone. Not Everyone Will Be Interested.

Brand 119
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How Advanced Analytics Is Changing B2B Selling

Harvard Business Review

While there’s less buzz around business-to-business markets, these innovations are changing the game in B2B as well, even in old-line industries selling what might be considered commodity products. For a deep dive into the elements, see our related HBR article “ The B2B Elements of Value ”).

B2B 8
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What Sales Teams Should Do to Prepare for the Next Recession

Harvard Business Review

Recessions catch many companies by surprise, with predictable results. But these periods also present opportunities for well-prepared companies to take advantage of the turmoil and gain share. But these periods also present opportunities for well-prepared companies to take advantage of the turmoil and gain share.

Team 11
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Understanding Customers in the Solution Economy

Harvard Business Review

Companies in all varieties of B2B markets have moved beyond selling products and services to offering complete "solutions" to their customers. Alstom keeps trains ready to run each morning for railroad operators rather than just selling the rolling stock to them. Hilti provides and maintains power tools for builders.

B2B 14
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Focus on Your Customer's Customer

Harvard Business Review

And while these companies were the first to acknowledge the business benefits of delivering a great customer experience, business-to-business (B2B) organizations are increasingly getting in on the game. Much of the conversation about customer-centricity focuses on business-to-consumer (B2C) firms.

B2B 15
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Ban These 5 Words From Your Corporate Values Statement

Harvard Business Review

Practically every organization today has a set of core values that ideally function as the “operating instructions” of the company. The goal of articulating the essential and enduring principles of your organization is to inform, inspire, and instruct the day-to-day behaviors of everyone who works at your company.

B2C 14
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The Rise of the Chief Customer Officer

Harvard Business Review

The customer's voice has a new champion sitting at the highest levels of power in companies. The role exists in B2B and B2C firms as diverse as Allstate, Dunkin' Brands, USAA, Philips Electronics, FedEx, the Cleveland Clinic, and SAP. Who are these new customer experience executives — and why do companies appoint them?

B2C 14