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Keep Your Cost Per Customer Low

Strategy Driven

The overall customer management process could end up costing you more than you get paid for the product or service. On the contrary, Google Ads lets you choose and manage your budget. Simple queries could be easily managed by an AI bot. Customers have expectations on the quality of your services or product.

Cost 65
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How to Grow Your Ecommerce Startup in Year One

Strategy Driven

You can do this in a number of different ways, depending on your budget and the personnel you have on-side. That’s exactly what you should be looking to do in your first year, so you spend less time managing orders, responding to emails, and doing all those little repetitive jobs that end up consuming most of your waking day.

Parcell 67
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How to Become a Successful Entrepreneur

Strategy Driven

Although you may have ambitions to work for yourself and be your own boss, it can be extremely difficult to manage if you’ve had no prior experience in the business world. It is important to note that business relationships are part and parcel of what makes your business successful. Develop long-term business relationships.

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Working With Distributors And The Balance Of Power

Strategy Driven

How they distribute their products has to be subject to the means they have in the current climate. But then again you’re putting your product in the hands of another company once it leaves the manufacturing facility. Most of the budget has already gone onto design, testing and manufacturing. Protecting your name.

Power 10
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How to Design Work Projects for Maximum Learning

Harvard Business Review

Skill development is clearly a major priority for companies and managers these days. Managers learn how to articulate a business opportunity in ways that energize team members. better goal would be something like “Sell $100,000 worth of the new product.”

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Sometimes Cutting R&D Spending Can Yield More Innovation

Harvard Business Review

The chart may appear to show merely that Cisco’s patent filings lagged its R&D spending by three years, but in fact the decline in spending and the rise in patents were part and parcel of a deliberate strategic shift by the company in 2001. Research & development Financial management' So what was going on?

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Rising Sea Levels Won’t Doom U.S. Coastal Cities

Harvard Business Review

Many of the nation’s most beautiful and productive cities — New York, Seattle, San Francisco, and others — abut the Atlantic and Pacific oceans. Companies such as Coastal Risk Consulting are developing flood risk statistical models at the parcel level. What will this adaptation look like? economy be crippled?