The Ultimate Promotion Guide : An Overview

The relationship between marketing and the customer buying journey has always been a historical topic of discussion. Previously in the 18th century, brands began to focus on understanding buyers’ viewpoints, and how they would react in different situations. By knowing the buyer’s psychology, marketers could determine what type of environment triggers the purchasing emotion in …

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Why Competitors’ Pricing Plays A Pivotal Role In Your Pricing Strategy

In 1970, a Nobel Prize-winning economist Dr. Milton Friedman argued that the goal of every business is to make money. Modern-day people can counter this claim by stating that a firm’s purpose is not only to make money, but also to support innovation, create jobs, and contribute to society. Yet, one of the primary goals …

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What are the Different Pricing Strategies A Firm Can Incorporate?

The ability of any business to make money depends on many different factors, including its industry, customers, marketing strategies, and the market forces of supply and demand. Another key factor that also influences a company’s ability to make a profit is pricing. Why does pricing matter for a company/firm? One reason is that the prices …

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Strategies in Making : Handling Supply Chain Disruptions and Improving Resilience

In early 2020, the C-19 pandemic created a supply chain crisis that sent disruptive shockwaves throughout the global system. The crisis was exacerbated by the scarcity of inputs, low inventories, manufacturing breakdowns, and delivery delays. All these disruptions exposed vulnerabilities in the supply chains of firms everywhere. In the coming years, business leaders must find …

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3 Crucial Strategies to Build A Successful Global Brand

Globalization allows the Amazons and Apples of the world to reach a large customer base, achieve a competitive edge in multiple markets, and increase their sales footprint. As your organization grows and evolves, you may plan to take your brand global. The good news is that you can build an international brand by leveraging the …

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