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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Cost-based Pricing is fast becoming a relic of the past and being substituted by the concept of Target Costing. Target Costing is referred to as an organized process to determine the cost at which a… Target Costing: An Effective Approach to Pricing Products
Transformation from a product-based model to a platform model is a dream for many executives. More and more product companies are now shifting into a platform model. The drive behind such a shift is the… 4 Key Ingredients of Transforming Your Organization From A Product-based Business To Platform Business Model
Scalability describes possible meaningful changes in magnitude or capacity. In business terms, it’s the capability of a system to enhance productivity upon resource augmentation. Scalability provides an organization the capabilities to develop compelling value propositions—that… Business Model Innovation: How to Create Scalable Business Models?
Survival of a business in this digital age largely depends on its ability to timely embrace Digital Transformation. Digital Transformation entails using Digital Technologies to streamline business processes, culture, and customer experiences. In order to… Digital Transformation 2.0: Creating the Next-Generation Learning Organization
Identifying what the market wants is a critical issue for most executives. Likewise, the decision on how much to charge for a product is also crucial for planners. This is where Market Research comes to… A Must-Have Tool for Market Research and Pricing Strategy: Conjoint Analysis
The decision for pricing a product or service isn’t as simple as it seems. It is a key consideration for executives. Pricing way above the rival products risks not attracting the required customers while charging… Exploring Van Westendorp Price Sensitivity Meter (PSM)
Supply Chain Management is getting more and more complex. The pressure on the Supply Chain information to be made public is also increasing day by day. With the popularity and widespread use of social media,… What Should Constitute Your Supply Chain Information Disclosure Strategy?
Transformation of an organization into a Next-generation Learning Organization (NLO) is a challenging endeavor. The main hurdles include convoluted hierarchies, bureaucratic red tape, delayed decision making, and complicated organizational systems and processes. To develop a… Want to Evolve into the Next-Generation Learning Organization? Adopt These 5 Core Pillars
Performance evaluation serves as a health check on operations and individuals’ work. The organizational maturity notion signifies the progress of an organization in terms of developing its people, processes, technology, and capability by implementing quality… 5 Stages of the Performance Management Maturity Model Simplified
Supply Chain Management across industries has become way too complicated and globalized today. Since the popularity and use of Social Media has grown, organizations are increasingly getting under pressure to disclose their information publicly. This… Which Supply Chain Information Transparency Strategy Should Your Organization Employ?
Reducing the fragility of global Supply Chains in the event of disruption through natural or other disasters is a major concern for most senior executives. This rings true more so now than ever, as the… 2 Potent Supply Chain Risk Reduction Strategies
Supply Chains often get disrupted by calamities that are beyond human control. Natural disasters, such as tsunamis and floods, in the last decade have drastically affected major businesses—from automobiles to technology, to travel, to shipments—and… Supply Chain Strategies That Work Best in Containing the Risks of Disruption