20 strategies to reinvent your company
1. Turning a threat into an opportunity As a general rule, threats have to be avoided, but with creativity we can find a way to turn them into a fortress ”, says Lluis Renart, professor in the IESE Commercial Department. Even threats that keep hundreds of entrepreneurs awake, such as production in China and India and the ...
Beat the leader
1. Easier in emerging markets. In emerging sectors, leaderships are provisional. Consumers have not yet opted for one brand or another and their purchasing decisions are not consolidated. This is the best time to try to forge a differential advantage for the future. 2. The leader's reaction. Surely there will be ...
I'm Going But In Company!
To prevent you from doing it Companies have several formulas to prevent employees from leaving to compete in the same sector. "Of course, it is recommended that the mechanisms be taken before your departure," explains Jorge Capel, from the lawsuit department of the Cuatrecasas law firm. They are as follows: Non-competition clauses. "There are …
Reactivate sales.
1. HOW TO REACT WHEN THE COMPETITION COMES INTO PLAY A competitor lowers prices PROBLEM: There is a new player in the market and they enter by touching prices. AVOID: You should not enter a price war. Unless you are a leader or a larger company, there will come a point where others can adjust ...
A Good Business Plan
Matter of nuances What is the difference between a business plan and a business plan? The first one usually refers to a business that is starting and that must necessarily include information about the procedures for the incorporation of the company and the requirements to start it. The business plan, on the other hand, can ...
Shopping plan
The purchasing plan Here are some practical and simple tips that will allow you to better select and negotiate with your suppliers. 1. Reflect: what does it take? The first - and fundamental - is to carry out an inventory of needs. As explained in the book Optimizing purchases, by R. Perrotin and P. Heusschen, “not all purchases ...