At all times, innovative business development has brought maximum profits. If you study the history of business, it becomes obvious that the greatest profit was brought by businesses, the essence of which is the embodiment and development of new ideas. This is due to the fact that the implementation and development of new ideas leads to the emergence of new needs.
Innovative business development
New needs are fashionable and cool. To satisfy this need, people are willing to pay money, big money. This is where the earnings come from, very good earnings. Old needs can also be earned, but usually very little. In order to earn a lot from old needs, you need to spend a lot of time. Continue reading
The prospects of small business are connected with the understanding of the fact that it occupies one of two niches in the economy. The first of these is the launch of new business areas. The second niche is assistance to medium, but most often large business. In our conditions, about 10-20% of small businesses work in the first niche. In the second niche – 80-90% of small businesses.
Small Business Perspectives in the 21st Century
In other words, the vast majority of small businesses work as assistants to big business and, accordingly, depend on it. For example, car services are assistants to car manufacturers and their spare parts. The field of trade is assistants to manufacturers of goods. Travel agencies are assistants to tour operators. Continue reading
The problem is that the company’s management incorrectly identified the basic idea of the market and incorrectly calculated how it could change. Or, in general, they did not do this, because they do not own noomarketing or similar technologies, which means they are not aware that there are techniques that allow you to know how to eliminate a competitor without direct competition.
One company known for such technology is Coca-Cola. Coca-Cola Marketing is one of the best marketing in the world. Accordingly, Samsung’s loss is a strategic loss. Such a loss means complete failure. You can only return positions if you start from scratch and at the same time wait for an error from Seagate.
How to become a monopolist in the market Continue reading