How to Identify Non Performer in business We all agree that both in Sports or Business, there are performer and non-performer Simple to say change non performer but difficult to identify them; right??? Before we jump to how to identify, let’s chat on who can be a non-performer?? It can be your SKU’s your […]
How to Identify Non Performer in Business Read More »
Scaling a Business: Best Strategies to Use and Mistakes to Avoid 1. What is scaling in business? – Scalability is a characteristic that describes the capability of a business to perform well under an expanding workload. 2. Business Scaling vs Business Growth – To keep things simple, growth refers to an increase in revenue whereas
Scaling a Business: Best Strategies to Use and Mistakes to Avoid Read More »
How Starbucks uses pricing strategy for profit maximization 1. Starbucks raised their beverage prices by an average of 1% across the U.S, a move that represented the company’s first significant price increase in 18 months. 2. Starbucks claims the price increase is due to rising labor and non-coffee commodity costs, but with the significantly lower
How Starbucks uses pricing strategy for profit maximization Read More »
High Margin/Low Volume vs High Volume/Low Margin 1. Today’s business environment offers us rapid technological evolution, an ever-changing retail landscape as well as amorphous customer trends. 2. Some companies have become infamous for their fast sale cycles and large customer attrition. 3. At such a point, how to make profits from a low margin/high volume
High Margin/Low Volume vs High Volume/Low Margin Read More »