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Michael Porter's book on
Competitive Strategy said
that a business has one of three strategies that can be followed for success.
1. Overall Cost Leadership 2. Differentiation 3. Focus
Add Porter's five industry forces and you have today's changing
world:
Threat
of new competitor entry
Competition
among businesses
Customer
power
Supplier
power
Substitute productsInsight = Knowledge +
Imagination. We take a different approach to strategic insight and
offer creative instinct to help position your business in the emerging future.
NOW - Add the new dimension of social media and the dynamics of the customer engagement and
dialogue changes forever.
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Companies need a focused sales and marketing effort to increase their sales. Lack of growth usually indicates that
there few sales processes to attract or find prospects and there are limited marketing initiatives. They find it difficult to
grow their business beyond their current revenue level due to lack of appropriate sales processes or resources.
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Creating Value
Propositions
When
was the last time you evaluated the impact of your UVP (Unique Value
Proposition) Most likely needs a total re-think and re-crafting for
your customers. In most cases, the value is in the difference, not
in uniqueness and delivery and service are the most likely focal
points. The Board
now expect management to expound on their Unique Value Proposition.
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All customers matter! And all businesses need customers; yet most have
no clear strategy to understand or to engage in a
relationship that meets their customers needs. Businesses need
to "Connect".
Five critical "To Do's" critical to successfully
communicate with your customers:
Identify,
attract and retain
Develop
insights into need
Provide
'value' services
'Marketing
with Memory'
Service-first attitudeBlackstone Gates' programs
engage your customers enabling insight as you "win through customer
knowledge". CRM hasn't worked; turn customer knowledge into customer
insight.
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