article thumbnail

6 Factors That Can Impact Your Commercial Business

Strategy Driven

It could involve investing in new product development, exploring new market segments, or adopting innovative marketing strategies. By being proactive and responsive to market trends and consumer behavior, businesses can better meet customer needs and seize new opportunities.

article thumbnail

CEOWORLD magazine Announces the Appointment of Lance Mortlock as New Board Member

CEO Insider

As the managing partner for the energy market segment, Lance leads EY Canada’s oil and gas, power and utilities and mining […]. The post CEOWORLD magazine Announces the Appointment of Lance Mortlock as New Board Member appeared first on CEOWORLD magazine.

Magazine 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Protecting Your Small Business: How to Cover the Basics

Strategy Driven

Your lawyer can help draft the contracts you make and keep your business in compliance with the law at all times. Adding a product that is aimed at different market segments is a good start. There may be jargon and specific regulations that you cannot understand even when you try. Protect Your Assets.

article thumbnail

The Internet of Things Will Change Your Company, Not Just Your Products

Harvard Business Review

So instead of creating another pill dispenser, it launched a compliance-enhancing system. In IoT businesses, sales departments often struggle to determine how to best take a combined product and service to market. Sales operations must consider changes to market segmentation, territory management, and resource allocation.

article thumbnail

Using Supply Chains to Grow Your Business

Harvard Business Review

Compliance is crucial for pharmaceutical makers such as Abbott and Amgen – a “ Form 483 ” warning from an FDA inspector can shut down a drug facility in an instant and even land top executives in jail. Thus, the supplier of compliance services is of strategic importance.

article thumbnail

GDPR and the End of the Internet’s Grand Bargain

Harvard Business Review

Though the new law was intended to unify and simplify European data practices, moreover, the minimum cost of compliance for anyone doing business with any EU resident is estimated by one survey at $1 million just for changes to IT systems , not to mention the costs of a newly designated data protection officer.