The World without Bankruptcy Laws
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Companies that are responsible for the production and distribution of products have a lot on their plates. Every product has a particular lifecycle. In order for that lifecycle to last as long as possible, some considerations need to be made. A successful product manager is always vigilant in their efforts to do what’s best for the product they’re selling.
Whenever you’re dealing with a product that’s in high demand, you will naturally have a large number of competitors trying to take a slice out of your market share. It’s wise to look at what the competitors are doing well and incorporate those aspects into how you do business. Be careful with this pursuit as it creates the potential that you could lose track of your identity as an organization.
The amount of data surrounding any product is astounding. The quantity of the data you have collected means nothing if you are unable to do anything with the data though. You have to be able to look at the facts and figures and see how those digits fit into the grand scheme of things. Using this information, you should be able to forge a plan for how you will proceed in the future.
Saying that the customer is always right might sound cliche, but it couldn’t be any truer. Your customers are the ones who go out and buy your products in massive amounts. You need to keep their needs in mind as you’re working to maintain the current position of your projects and design new products. Your investment in them will pay dividends later on down the line.
During the production process, you might feel tempted to cut costs in the hopes that you can maximize profits. It’s important to avoid cutting costs so much that you diminish the overall quality of product. You have to have a product that’s both affordable for you and the people you want to buy it. Customers have so many options out there that it’s only right that your product ranks at the top of their list.
Your email address will not be published. Required fields are marked *
Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies
February 7, 2025
The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers
February 7, 2025
Post Product Launch
February 7, 2025
