In early twentieth century when Clarence Saunders sought out the first self-service grocery store, a lot of people declared the notion as credulous and impractical. Today, global retail is led by superstores and hypermarkets, operating under the same principle. Saunders then, had recognized the growing awareness among customers, their need to influence outcomes and control …Read more
Ushering the new era of commerce, the internet has revolutionized global trade. It has altered market dynamics, enabled businesses and built new economies, “Internet is influencing the buyer behavior by propagating new service and product designs. Where there was trepidation, now stands convenience. It’s the fastest way to conduct business, both home and abroad” shares …Read more
Devastated by economic downturn, the automotive sector saw giants like GMC collapse to bankruptcy and liquidation claims. The sector that had seen an unprecedented growth in years prior to the 2007 crash saw heavily invested companies move into a downward spiral. Fringe designs were scrapped and less popular product lines discontinued. Manufacturers were force to …Read more
The World Wide Web has transformed the way businesses operate, transact and provide services. It has redefined interaction by introducing cost effective methods of communication and information exchange. “The internet has changed the landscape of commerce as we know it. By providing a cost effective platform for business and marketing, it has enabled a new …Read more
The world still hasn’t recovered from the recession that hit a few years ago and some areas of the world aren’t still out of it. The business industry is still subject to uncertainty as no one knows what’s in store for it in the coming months. Regardless of the new taxes that are introduced or …Read more
Maintaining a positive and favorable relationship with your customers will always lead to many benefits in the future. It’s not hard to create and build a relationship with your customers because all you have to do is ensure a positive relationship by providing them what they want and fulfilling their expectations. When they leave your …Read more
Business has picked up again after the traditional post-holiday season dip. With retailers looking to offload the leftover stock, prices have remained deflated (discounted). Some international stores such as Sears are even offering additional savings on slow moving stock, “January is the best month for appliance shopping. With new products coming in, retailers are forced …Read more
The internet has redefined the commercial landscape by ensuring accessibility and translucency of information. By transferring the control over information, e-commerce has empowered the user, ‘the end consumer’. The modern day customer is discerning, well informed and capable of dictating market dynamics. Where commercial strength is defined by consumer driven strategies and value driven services …Read more
While the Baltimore Ravens play the San Francisco 49ers this Friday, gift shop owners and florist everywhere will be getting ready for their own version of super bowl, the Valentine’s Day. Bringing arguably, the biggest push in an entire calendar year, Valentine’s Day is delight for confectioners, florists and greeting card stores worldwide. Improved international …Read more
Business may preach and pretend to uphold the scared aphorism ‘the customer is always right’, but seldom do they value the customer’s opinion in the same light. Companies that learn to value the opinion of their stakeholders find success more often than naught. Be it the tacit knowledge buried deep inside a ground level employee …Read more
