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How to Start a Heavy-Duty Parts Business in 5 Simple Steps

Strategy Driven

You will want to hunt for the best and most skilled individuals who can handle each of the positions that will be part of your overall business model. In other words, you’ll need to decide whether you’re operating a B2B or B2C company. B2B means business to business, while B2C means business to consumer.

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

Strategy Driven

The thought of being in control of the entire business model may seem like perfection. Your Approach To Operations Is Key. Both B2B and B2C customers are now invested in brands like never before, they want to work with companies that they can relate to. You Can’t Go It Alone.

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How Industrial Systems Are Turning into Digital Services

Harvard Business Review

Railway operators and wind farm owners were among the first to deploy the concept. This has led to new business models, putting SKF squarely in a position to provide “knowledge as a service” (KaaS), as more than a half million machines are already connected to the SKF Cloud.

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Is Your Company Ready for the Rise of Smart Cities?

Harvard Business Review

Telecom operators often provide the backbone communication networks required to run systems and applications. Digital natives such as Didi and Uber are operating customer-facing mobility platforms in cities around the world. Utilities are rolling out smart meters and introducing dynamic pricing schemes. That mandate is worth keeping.

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The Industries That Are Being Disrupted the Most by Digital

Harvard Business Review

The barometer below shows the percentage of executives surveyed who responded that their business would be moderately or massively disrupted by digital in the next 12 months, broken down by industry. Secondly, they have large legacy business models which often generate the majority of their revenue. Insight Center.

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Focus on Your Customer's Customer

Harvard Business Review

Much of the conversation about customer-centricity focuses on business-to-consumer (B2C) firms. 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.

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The Internet of Things Needs Design, Not Just Technology

Harvard Business Review

Their developers focus on meeting operational and environmental requirements, caring little about the physical appearance or user experience of a dashboard- or engine-compartment-mounted device that monitors vehicle data. As B2C companies rush to exploit new IoT applications, pushing technology to potential end users no longer works.