article thumbnail

How to Use the Latest Methods to Benefit All Stakeholders of The Company

Joseph Lalonde

This leads to greater job satisfaction, increased motivation, and improved productivity. Finally, investing in employees helps promote an ethical workplace culture within a company. Companies should provide clear information about their products, services, contracts, policies and procedures to keep customers informed.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

You Can Charge Women More, but Should You?

Harvard Business Review

The New York City Department of Consumer Affairs (NYDCA) recently released a well-researched report documenting similar products having different prices based on the target customer’s gender. That said, it’s reasonable to conclude that women’s products can be more profitable than comparable men’s versions.

Price 8
article thumbnail

Build Your Personal Value Proposition

Harvard Business Review

Executives set value propositions for their products — the target market segments, the benefits they provide, and their prices. It's why a target customer should buy the product. But value propositions go beyond just products. Ethically-challenged places are no fun." They aren't right for him.

article thumbnail

How to Give a Robot a Job Review

Harvard Business Review

Effective executives understand the productivity and customer loyalty future depends as much on motivating and managing their machines as inspiring their people. As long as customer desires are legal, ethical, and safe, smart machines could be as appropriately responsive as smart humans. “Why would you treat them differently?”

Review 8
article thumbnail

Learning How to Make Market Segmentation Work Again

Harvard Business Review

For decades, marketers have segmented their target customers to get a read on who will buy a product or service. But if your firm is still doing traditional segmentation using demographic details or psychographic profiles , you may be wasting your money. The limitations of place and space are no longer as relevant today.

article thumbnail

Silver Bullets Won't Fix Your Sales Force

Harvard Business Review

When it comes to enhancing sales force productivity and performance, it's tempting to look for silver bullets. Is sales productivity decreasing? Create and sustain a sales culture of accountability, achievement and ethics. Is customer retention declining? Is sales growth lagging?

Kaizen 8