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Casual Articles - Do You Know What Your Strategy is?
Over the years of working with companies as a consultant and running companies, it has amazed me as to how many accounting personnel within companies and, even worse, how many outside accounting professionals just don’t understand how that business is organized to “MAKE MONEY”. I’ve heard, “I just can’t get the information that I request”, or “I just look at the bottom line of my financials”. All too often financial personnel and pro
Customer-Driven Base Strategy
This strategy places a premium on going beyond meeting customer expectations; always exceeding customer expectations. It requires that you have an on-going effort to improve quality and service. This goal and success of this strategy lies in your willingness to exceed your customer’s expectations.
Review these strategies; select a strategy that will enable you to effectively position your strengths and available resources in the best possible light. Your Base Strategy along w
If you own or lease a business building and you want to get more traffic and attract people to see your signage it is important to accentuate your business building if at all possible. If you lease a building you may have to look in the lease to see that there are no restrictions on your signage.Sometimes a signage with a logo around it or at the start of the business sign can accentuate your business building. One of the si
A Companies BASE STRATEGY forms the basic foundation upon which you plan and build your Competitive Advantage. Your Base Strategy represents your broad game plan and how you intend to succeed in your current business environment; how you plan to leverage your strengths vs. the competition, it also serves as a guideline for decision-making, resource allocation as well as new product and service development. Understanding what external and internal factors drive your Base Strategy will enable you to create your unique Strategy for success.
To this end I have outlined several basic strategies which will help you better understand where you and your company fit, thereby enabling you to re evaluate your present base strategy and to more effectively understand your competitive advantage.
Commodity-Driven Base Strategy
Should be considered when your product or service is essentially the same as others on the market. To differentiate your product or service you could choose either pricing or value as a differentiating factor. This strategy requires close attention to cutting & controlling costs which maintaining high productivity.
Technology-Driven Base Strategy
This strategy places the emphasis on your ability to gain a temporary monopoly on a market thru the development of a technology or to compete in a market where superior technology provides a competitive advantage. Success of this strategy often is dependent upon the coordination of emerging technologies with breakthrough thinking.
Quality-Driven Base Strategy
This strategy focuses upon the assumption that your product or service is superior in quality to those of your competitors. Success with this strategy is dependent in part upon the ability to have systems in place to assure that your product or service continues to maintain superiority. This essentially means continuous improvement; constant and consistent monitoring, or production, development and execution.
Service-Driven Base Strategy
This strategy should be considered if you find yourself in a position of being unable to differentiate your products and services in terms of price, technology or quality. Your focus will be on the “value-add” benefits of doing business with you, with an emphasis on service, delivery, follow-up etc.,
Customer-Driven Base Strategy
This strategy places a premium on going beyond meeting customer expectations; always exceeding customer expectations. It requires that you have an on-going effort to improve quality and service. This goal and success of this strategy lies in your willingness to exceed your customer’s expectations.
Review these strategies; select a strategy that will enable you to effectively position your strengths and available resources in the best possible light. Your Base Strategy along w
A tube-filling machine, more often than not, does not get the importance given to upstream process line machineries. The user considers it a mere packaging machine instead of an integrated process line machine. While preparing a project report, requirement of tube filler is added-on as an afterthought. A ladle is as important as the soup. Many a heartburn can be avoided if selection of tube filling machinery is given due importance.<
To this end I have outlined several basic strategies which will help you better understand where you and your company fit, thereby enabling you to re evaluate your present base strategy and to more effectively understand your competitive advantage.
Commodity-Driven Base Strategy
Should be considered when your product or service is essentially the same as others on the market. To differentiate your product or service you could choose either pricing or value as a differentiating factor. This strategy requires close attention to cutting & controlling costs which maintaining high productivity.
Technology-Driven Base Strategy
This strategy places the emphasis on your ability to gain a temporary monopoly on a market thru the development of a technology or to compete in a market where superior technology provides a competitive advantage. Success of this strategy often is dependent upon the coordination of emerging technologies with breakthrough thinking.
Quality-Driven Base Strategy
This strategy focuses upon the assumption that your product or service is superior in quality to those of your competitors. Success with this strategy is dependent in part upon the ability to have systems in place to assure that your product or service continues to maintain superiority. This essentially means continuous improvement; constant and consistent monitoring, or production, development and execution.
Service-Driven Base Strategy
This strategy should be considered if you find yourself in a position of being unable to differentiate your products and services in terms of price, technology or quality. Your focus will be on the “value-add” benefits of doing business with you, with an emphasis on service, delivery, follow-up etc.,
Customer-Driven Base Strategy
This strategy places a premium on going beyond meeting customer expectations; always exceeding customer expectations. It requires that you have an on-going effort to improve quality and service. This goal and success of this strategy lies in your willingness to exceed your customer’s expectations.
Review these strategies; select a strategy that will enable you to effectively position your strengths and available resources in the best possible light. Your Base Strategy along w
While the title insurance industry continues to streamline its technology with instant title searches and better transaction management platforms, there’s one simple gadget that remains a powerful tool: It’s the telephone.Today, many title agents, real estate agents and lenders are indicating a preference for telephone sales calls over face-to-face interactions, according to Renee Walkup, president of SalesPeak Inc. and a lead
Technology-Driven Base Strategy
This strategy places the emphasis on your ability to gain a temporary monopoly on a market thru the development of a technology or to compete in a market where superior technology provides a competitive advantage. Success of this strategy often is dependent upon the coordination of emerging technologies with breakthrough thinking.
Quality-Driven Base Strategy
This strategy focuses upon the assumption that your product or service is superior in quality to those of your competitors. Success with this strategy is dependent in part upon the ability to have systems in place to assure that your product or service continues to maintain superiority. This essentially means continuous improvement; constant and consistent monitoring, or production, development and execution.
Service-Driven Base Strategy
This strategy should be considered if you find yourself in a position of being unable to differentiate your products and services in terms of price, technology or quality. Your focus will be on the “value-add” benefits of doing business with you, with an emphasis on service, delivery, follow-up etc.,
Customer-Driven Base Strategy
This strategy places a premium on going beyond meeting customer expectations; always exceeding customer expectations. It requires that you have an on-going effort to improve quality and service. This goal and success of this strategy lies in your willingness to exceed your customer’s expectations.
Review these strategies; select a strategy that will enable you to effectively position your strengths and available resources in the best possible light. Your Base Strategy along w
For the life of me, I could never remember if creative types or analytical types were left brain or right brain.Then one day, years ago, I found a cartoon that showed two people at a party, a woman and a man. The woman is facing the viewer and asks the man, "I can't remember. Are accountants left brain or right brain?" The man's back is to the viewer. And his head above his ears veers sharply to the left.
Service-Driven Base Strategy
This strategy should be considered if you find yourself in a position of being unable to differentiate your products and services in terms of price, technology or quality. Your focus will be on the “value-add” benefits of doing business with you, with an emphasis on service, delivery, follow-up etc.,
Customer-Driven Base Strategy
This strategy places a premium on going beyond meeting customer expectations; always exceeding customer expectations. It requires that you have an on-going effort to improve quality and service. This goal and success of this strategy lies in your willingness to exceed your customer’s expectations.
Review these strategies; select a strategy that will enable you to effectively position your strengths and available resources in the best possible light. Your Base Strategy along w
The difference between rates and wages is not always clear to newly self-employed people and their wage-earning clients.Both look similar on the surface; both are expressed in dollars and cents per hour. But they each represent something very different.Wages are the payment a worker receives for his labor.Rates are the payment a business receives for performing a serivce to a client. In addition to the labor
Customer-Driven Base Strategy
This strategy places a premium on going beyond meeting customer expectations; always exceeding customer expectations. It requires that you have an on-going effort to improve quality and service. This goal and success of this strategy lies in your willingness to exceed your customer’s expectations.
Review these strategies; select a strategy that will enable you to effectively position your strengths and available resources in the best possible light. Your Base Strategy along with your vision and your willingness and desire to pursue that vision will lead to the success that you desire. Persistence pays! Remember the important thing is that you know where you’re going; that you have a vision; and that you know what you ultimately want to accomplish.
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