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Understanding the trends and strategies in business lets you think 8 steps ahead. Our contributing writers around the world provide deep insight into a variety of subject matters. Experienced entrepreneurs and CEOs have contributed articles on solving some of the most challanging issues.
Do you know which options you have to position yourself price-wise? In this fourth part of the Business Growth Fundamentals Series, we will take a look at Bowman’s Strategy Clock. Bowman’s Strategy Clock is a model developed by Cliff Bowman and David Faulkner. It is an extension of Porter’s competitive strategy model which only looked…
Maintaining a profitable service department is one of the best ways to make sure that your dealership turns a profit, even when people aren’t buying vehicles. However, the service department often gets overlooked and lost in the shuffle of daily operations. By doing a few easy things, you can ensure your service department gets the…
Are you wondering, why some industries just make more money than others? Are you wondering how you can also make more money in your industry? Read on to find out how to identify a good market with high profit margins. Michael D. Porter, a Harvard professor, invented and published the “Porter’s Five Forces” model in…
Once upon a time, some 20 years ago in Finland, there was a huge company called NOKIA. NOKIA was one of the most profitable companies worldwide when it came to mobile phones. NOKIA? Mobile phones? Ask a 20-year old today which phone models NOKIA produced and they can’t even answer it anymore! But what happened?…
How to grow your business? This is a question that is on the mind of many entrepreneurs. Over the next four articles, we are going to make a little tour through four standard economic models that can help you define the strategy for your company. This is essential to build a solid foundation for business…
It was a few minutes before 8 a.m. on one of those grey September mornings in Philadelphia, and the very ordinary looking classroom at the prestigious Wharton School of Business was already filled to the brim with students. The classroom was buzzing with excitement as one of the hardest finance courses in the curriculum was…