Managing Customer Value
The reinforcing loop is a concept in systems thinking that describes a self-reinforcing cycle in which a certain behavior or outcome leads to further amplification of that behavior or outcome, creating a feedback loop that reinforces the initial condition. This understanding is crucial in analyzing complex systems and developing effective strategies for better results. The Read More …
The Balancing Loop archetype is a fundamental concept in systems thinking. It represents a feedback loop where a change in one variable triggers a response that eventually leads to a return to the original state. The Balancing Loop archetype in marketing can be seen as a mechanism that helps maintain equilibrium in a marketing campaign. Read More …
Understanding your customer needs is paramount to success in the sales world. The ability to effectively uncover and comprehend these needs requires a skillset known as sales discovery. While many may view this process as simply asking questions, it goes far beyond basic information gathering. Mastering the art of sales discovery empowers businesses to connect Read More …
Problem-solving in sales strategy, where creativity meets logic and innovation fuels results. The essence of every successful sale lies in the ability to solve a problem, a talent that is becoming indispensable in the sales sector (The Center for Sales Strategy Blog). You may ask why problem-solving is so crucial. It’s simple. Businesses that master this Read More …
A Market Opportunity Map is a strategic tool used in business to identify potential growth areas. It helps companies visualize markets they can enter or expand within by analyzing different dimensions, such as customer segments, geographies, and product categories. The purpose of this map is to prioritize opportunities based on their attractiveness and the company’s Read More …
Brands must understand their potential growth avenues. It’s about more than retaining existing customers; it is about tapping into a wealth of existing opportunities with non-customers. Here, we look at the importance of targeting non-customers and the statistical evidence underscoring their brand growth potential. Article Sources: Oxford University Publications How Brands Grow: What Marketers Don’t Read More …