- Presenting problem
- Predisposing factors
- Precipitating factors
- Perpetuating factors
- Protective/positive factors
How do you deal with falling sales?
- Understand Why Sales Slumps Happen
- Create a Happier Workforce
- Set Clear and Achievable Goals
- Set Out Incentives
- Invest in Training
- Optimize Your Marketing Strategy
- Re-evaluate Your Audience
- Stay Positive
How can I improve my small business?
- Encourage customers to provide reviews of your business
- Offer flexible scheduling
- Look into automation
- Get social
- Attend an eventor host one
- Reward loyalty
- Build your email list
- Listen to your customers
What is effective strategy
A strategy is effective if it uses the resources you allocate according to your plan and delivers the expected results.
You have to continually evaluate use of resources and performance to check if your strategy is hitting your targets.
What is an example of strategic perspective
For example, if you want to penetrate the market as a luxury brand with a higher price point than the competition, the strategies formed will reflect that goal.
The business will focus heavily on brand identity, and will build a pricing strategy that tops the market and will work to drive sales in that specific market.
What are examples of perpetuating factors
Perpetuating factors are any conditions in the patient, family, community, or larger systems that exacerbate rather than solve the problem.
Examples include unaddressed relationship conflicts, lack of education, financial stresses, and occupation stress (or lack of employment)
How do I outsmart my competitors?
- Know thyself
- Know your audience
- Don’t be everything to everyone
- Stay focused
- Put your people to work
- Create evangelists, not just customers
- Get involved
- Choose wisely
Who created the 5 Cs model
The 5C analysis is an extended version of the 3C’s model which was developed by Kenichi Ohmae, a Japanese specialist in strategic management.
The 3C’s model includes only three elements: Company, Customers, and Competitors. The 5C analysis elements can be divided according to the environment they belong to.
What are the 4Ps of Coca Cola
It analyses the 4Ps (Product, Price, Place, and Promotion) of Coca-cola company and explains its business & marketing strategies.
How do you start a strategy?
- Understand the current position
- Reflect on how you got there
- Be clear about your corporate identity (mission, vision and values)
- Analyse your strengths and weaknesses
- Analyse the business environment
- Identify and evaluate strategic options
- Set objectives
What are your strategies in winning against your competitors?
- Learn How to Handle Competition in Business
- Know Your Customers
- Understand the Competition
- Highlight Your Difference
- Clarify Your Message
- Ensure Your Branding Reinforces Your Messaging
- Target New Markets
- Look After Your Existing Customers
How do you make a good strategy?
- Develop a true vision
- Define competitive advantage
- Define your targets
- Focus on systematic growth
- Make fact-based decisions
- Long term strategic business plan
- Flexible strategy development
How do you do a 4p analysis?
- Clearly identify which product or service you are analyzing
- Analyze how your product meets the needs of your customers
- Understand the places where your target audience shops
- Decide on a price for your product
- Formulate marketing messages to promote your product
What is product mix of Coca-Cola
Example of a Product Mix For simplicity, assume that Coca-Cola oversees two product lines – soft drinks and juice (Minute Maid).
Products classified as soft drinks are Coca-Cola, Fanta, Sprite, Diet Coke, Coke Zero, and products classified as Minute Maid juice are Guava, Orange, Mango, and Mixed Fruit.
What does proper preparation prevents poor performance mean
6P Rule (aka Prior Proper Planning Prevents Poor Performance) is one of the rules that will help you improve time management skills.
6P rule implies that a prior proper planning before taking action prevents poor performance.
This means before you take action, spare your time to make plan on how to manage your task.
What is the product mix of Pepsi
Aquafina: Mineral water purified through a seven-step process. Pepsi Max: Zero-calorie beverage by Pepsi and a very fast-growing brand outside the US.
Brisk: A brand of drinks produced through a joint venture between Pepsico and Unilever.
Mist Twist: Lemon-lime flavored soda with a twist of real juice.
What is an example of price
Price means the cost or the amount at which something is valued. An example of a price is $1 for three cookies.
To fix or establish a price for. Shoes that are priced at sixty dollars.
What do you mean by positioning
Definition: Positioning defines where your product (item or service) stands in relation to others offering similar products and services in the marketplace as well as the mind of the consumer.
Description: A good positioning makes a product unique and makes the users consider using it as a distinct benefit to them.
What is the product mix of Samsung
Samsung Home Appliances- Refrigerators, Cooking Appliances, Washing Machines, Air conditioners, Vacuum cleaners. TV/AV – Samsung Television, Accessories, Audio and Video accessories.
Information Technology – Printer and Multifunction, Monitor. Memory/Storage- SSD, Portable SSD, Memory cards, USB Flash drives.
How do you set a price for a service
If you want to know how to determine pricing for a service, add together your total costs and multiply it by your desired profit margin percentage.
Then, add that amount to your costs. Pro tip: Consider your costs, the market, your perceived value, and time invested to come up with a fair profit margin.
What is the difference between price and cost
Cost is typically the expense incurred for making a product or service that is sold by a company.
Price is the amount a customer is willing to pay for a product or service.
The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.
Citations
https://masonbaronet.com/good-thinking/11-ways-to-outsmart-not-outspend-your-competition
https://blog.hubspot.com/sales/target-market
https://economictimes.indiatimes.com/definition/personal-selling
https://www.indeed.com/career-advice/career-development/business-goals
https://focus7international.com/2018/05/29/understanding-the-7ps-of-a-marketing-mix/
