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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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It’s the Age of the Customer. In this day and age, becoming a Customer-centric Organization is no longer just a differentiator–it is a necessity. Customers are now more demanding. Their expectations are higher. In fact,… How Do We Create a Customer-centric Culture?
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
Price wars have broken out in consumer industries around the world. In fact, retailers such as ALDI, Amazon, and Walmart have used price to position themselves against traditional competitors in the market, pinching margins all… Pricing Perception: Is Reducing The Price The Best Decision?
“When it comes to communicating, the CIO is both a storyteller and educator.” Chris Manriquez, VP for IT and CIO, California State University, Dominguez Hills. CIOs must be both a storyteller and an educator. Aside… Effective Communication 101 for CIOs
In the late 1990s, business strategist Michael Porter argued that clusters make business more competitive by increasing the pace of innovation and stimulating new business formation. National and regional governments quickly embraced the idea and… The Growth of a Giant: The Logistics Clusters in Supply Chain Management (SCM)
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
“To win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.” Sun Tzu, The Art of War Many companies are… The Art (and Science) of Winning a Price War: The Price War Strategy
The Digital Age is also the Age of Data. During Davos 2020, renown historian and futurist Yuval Harari once again emphasized us of the importance and potential power of data. In fact, he envisioned a… Build the Foundation to Digital Transformation through Big Data Enablement
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?
Factory Audits are often conducted by companies to confirm whether the supplier is delivering the supplied goods per agreed-upon terms and standards (e.g. quality, safety, ethical, environmental, etc.). This has become an important undertaking for… Why Companies Need to Take a Serious Look at Factory Audits in Supply Chain Management (SCM)
Corporate Sustainability is a matured approach towards doing business by meeting the needs of the customers without compromising the opportunity for future generations to enjoy natural resources. Rapid population growth, economic growth, the consumption of natural… Future Sustainability-based Organizations Will Deliver Value across 3 Fronts – Social, Environmental and Financial
In the modern age, organizations are striving to form a sustainable Supply Chain system to cope with the challenges that are arising. Such issues include the emission of hazardous substances, excessive resource consumption, Supply Chain… When Survival in the Midst of Chaos Calls for Supply Chain Sustainability