Ever thought about what truly separates your business from everyone else?
Is it product? Location? Price?
The truth is that when you peel it right back to the basics, all businesses are the same.
Doesn’t matter if it’s a shoe shop, an online retailer or a bank, everything a business does is the same.
Businesses sell products or services to a customer base for a price.
It’s that simple
While the customer will expect a different outcome from each business they deal with – like not getting a new pair of shoes from a bank – the outcome of every business will always be the same – turn a profit through the sale of products or services.
It’s not hard to stand out from the crowd, especially if you adopt three simple ideas into your business
Data is an asset. Like assets it needs to be looked after if you want it to drive your business growth.
Clean it. Get it under control. Put it in the right place. Make it work for your business.
The best thing you can do is encourage a culture that is data-focused, one that realizes the importance of security and privacy, as well as understanding that data is crucial to your businesses success.
Just don’t be creepy.
Businesses who take a strategy-first approach to their digital environment are more likely to select the tools that are right for them, thereby increasing their company value and reducing waste.
It must identify your desired future state, and describe the right approach to delivering change into your business at each point in time in order to achieve this. It also needs to be vibrant, dynamic and adaptive to the changing environment.
A strategy is not just a battle plan, it’s a war plan.
Because with out a customer, who’s going to buy your product?
If the only lever you’re pulling is price, you’re not really that different from anyone else.
After doing the vital background work that we covered in our last two blogs, you’re finally ready to move on to the next phase – solution mo…
In our last blog we looked at how you can clearly identify problems, so you have a strong grip on the complexity of the problem and its boun…
A costly and common mistake: underestimating the power of problem statements.
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