Dec 30, 2010
Posted in Branding, Business Opportunities
Brand loyalty is a tenet as old as the ages
For longer than I can care to remember, marketers have tried to dictate brand loyalties to consumers and foster this within them. Our earliest retail purchases perhaps end up setting the tone for years to follow. I loved Adidas as a kid, and the love affair was strong for many a year. Then, for a long time (and even now), it is Puma for me. Perhaps it is something else you love as a brand. Over in Australia, my friends down under tell me that as a man or a motorsports enthusiast, you either follow Ford or Holden. Brand loyalty is a powerful thing, and it is what brands use to hold sway over us.
The older we get, the less [...]
Dec 23, 2010
Posted in Business Opportunities, Entrepreneurship
Business outsourcing goes rural
Time was when you would have to consider business outsourcing to be sent to Jaipur in India. Now, it wouldn’t be too wrong if I were to ask you to use the business outsourcing services of those in Joplin, Missouri as an alternative. There are several benefits of this and you mat even end up spending less money than you would normally. And of course there’s the added benefit of your customers talking to someone who thinks a football is elliptical and not round. Everyone knows footballs are meant to be elliptical.
Rural business outsourcing is on the rise and the name itself gives away the purpose of the task. It means [...]
Dec 20, 2010
Posted in Business Opportunities, Business Planning, Starting A Business
Business accelerator: perhaps just what the doctor ordered
Using a business accelerator to grow your business might be the wisest thing you could have chosen to do in a long time. But before we kick things off, a point has to be made. Don’t confuse a business incubator and a business accelerator. A business incubator will offer a common location for a number of fledgling businesses to work. More than services, they will offer the equipment you need and the networking and mentoring you need to get things off the floor. Most of these business incubators were linked to colleges and universities where these programs and facilities were instituted to try and encourage the growth of entrepreneurship.
But [...]
Dec 16, 2010
Posted in Advertising, Branding, Business Communication, Business Marketing, Business Opportunities, Customer Relationship Management
Social media monitoring and why you need it
There is a big difference between social media monitoring and measurement , and there is a certain degree of importance to doing both. But taking the first step in this direction can be mildly intimidating. Just when do you know to stop listening and start doing something? Just who do you engage? And when you do engage your audience, how do you go about engaging them? To ensure that your efforts at social media monitoring are successful, here’s what you should do.
Define your objectives
What exactly are you focused on monitoring? Don’t do it just because everyone else is doing it and its “hip”. Do it because you [...]
Dec 13, 2010
Posted in Branding, Business Opportunities, Selling
Business logos define who you are
The Twitter Bird, as Twitter's logo has come to be called, is a very memorable logo indeed. But none of the founders came up with it, and they certainly didn't get it from some highly paid marketing expert nor a team of designers putting their brains together. That bird came from the users. Very soon after the site was launched in 2006, users started to refer to their messages as “tweets”. And what better to represent tweets than a bird? Twitter considered strongly how users use and consider the brand and they are much better off for it. Like billions of dollars better off for it. That's the power of business logos. The [...]
Dec 9, 2010
Posted in Money Power, Organizational Behavior, Organizational Theory, Selling, Team Development
Sales compensation plans are key for businesses
With the new year now around the corner, many business owners will be mulling over what to do with their sales compensation plans. This is something to think long and hard over since it can be such a critical business decision. The best sales compensation plans are a strong motivator to your sales force and it will help you draw the best salesmen, who in turn will get you the best business which in turn means that your bottom line will be the best that it can be. But coming up with the right sales compensation plans are never easy. It is a specialized skill and if you have the right level of expertise, go for it. If you don't, [...]
Dec 6, 2010
Posted in Business Opportunities, Innovation
Thought leadership as opposed to traditional leadership
Traditionally speaking, leadership has always been a top-down process with those higher up the pecking order giving the orders and those lower down the hierarchy scurrying to get things down. It's a bit like the relationship between a puppet master and a puppet. But thought leadership is just drastically different to traditional leadership. It has nothing to do with the position you hold or whether you manage people. It doesn't even matter if you are low down the organizational hierarchy. Thought leadership is no one's monopoly either and while coming up with the idea is one thing, its implementation still rests with the managerial [...]
Dec 2, 2010
Posted in Time Management
Delegation of authority is the first thing a manager must learn
Unless you're Superman, there's no way that you can do whatever has been assigned to you all by yourself. There are targets to meet and promises to keep, and the only way to go about making sure they are all met is to undertake a certain amount of delegation of authority. Simply put, delegation of authority means that you split your workload and give a certain amount of power to a subordinate who will get things done for you. It's all about entrusting someone to get the job done for you. It's a transference of work and authority in order to get the job done in the best possible way.
There are three key elements to delegation [...]
Dec 1, 2010
Posted in Business Opportunities, Business Planning
Succession planning is critical
Everyone you ever meet will have a tale of a failed leader and one that has been successful in a different organizational context. Sometimes, that's true even for the same organization. Every leader has their own set of challenges and their own style to apply to it. Some will be more vocal, shouting and remonstrating loudly. Others will watch and observe mannerisms and speak their mind through their own mannerisms. No two people are alike, and that's why leadership styles also vary. That's why you have to be very wary when conducting succession planning exercises. It is a very challenging to-do on any businessman's checklist.
The [...]
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