article thumbnail

Management Tools For Leaders: Red Ocean/Blue Ocean Strategy

Rich Gee Group

Tool #5 - Red Ocean/Blue Ocean Strategy This week, let’s understand how companies position themselves in the marketplace to succeed - The Red Ocean/Blue Ocean Strategy. History: Red Ocean/Blue Ocean is a strategy developed by W. In addition to their pricing, cancellation, and service structure, no other airline comes close.

article thumbnail

Strategies to Integrate Artificial Intelligence Into Sales Processes

Strategy Driven

With AI, companies transform their sales strategies to meet modern consumers’ dynamic needs and behaviors. Sales strategies backed by such data are more likely to succeed in today’s data-centric business environment. This means businesses can remain competitive and agile in pricing without sacrificing margins.

Process 96
Insiders

Sign Up for our Newsletter

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

article thumbnail

Unlocking the Potential of Less Than Truckload (LTL) Freight Shipping: Strategies for Efficiency and Cost Management

Strategy Driven

The challenges with LTL shipping range from understanding complex pricing structures to effectively coordinating multiple shipments. Strategies for Cost-Effective LTL Freight Shipping Cost management in LTL shipping requires a multi-faceted approach.

article thumbnail

Strategies for Reducing Overheads in Small Businesses

Strategy Driven

Minimizing overhead costs is essential for the effective management of a small business, as it directly influences profitability and long-term viability. Below are several strategies aimed at reducing overheads within a small business. Negotiate lower prices, volume discounts, or favorable payment terms where possible.

article thumbnail

What’s Your Time Worth? Why Pricing Matters

N2Growth Blog

By Mike Myatt , Chief Strategy Officer, N2growth. Are you shooting yourself in the foot with your pricing strategy? What does your pricing say about your personal or corporate brand? Do you have a pricing strategy, or do you set your prices by some ethereal or arbitrary method?

Price 371
article thumbnail

Developing A Winning Strategy For Real Estate Entrepreneurs

Strategy Driven

To start up successfully, your business plan should include factors like financial goals and operational strategy, as well as information on potential customers and competitors. Consider hiring a property management company to handle the day-to-day operations of your rental business.

article thumbnail

A Look at the Bitcoin Price History

Strategy Driven

However, Bitcoin prices tend to be highly volatile and its price fluctuates so much. In this guide, we will take a look at the Bitcoin price history. History of Bitcoin Price. If you look at the price of Bitcoin over the years, there is one standout feature. In 2011, Bitcoin was still trading at $17 USD.

Price 119