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Title: BUSINESS STRATEGY
Description: NOTES ABOUT BUSINESS STRATEGY

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Feedback is important in all aspects of business because you will be able to identify your own
weaknesses and opportunities as well as the part of the product or service that needs
improvement
...

Step 1
As a leader in the business, you have to listen to every small issue because if you analyze this
can be the root cause of big problems, here you have to conduct research and investigation on
how such problems occur
...
Every detail
being shared must be considered as a contribution for progress, change and development
...

Also provide team building and observe how they work as a team, strong and harmonious
relationships start here as they think and move as one to achieve common goals
...
The
more they receive positive feedback from consumer and supplier the more they receive
recognition which means they performed better in all aspects of business
...

Step 6
Transform every feedback into constructive format, in business nobody gains success in one
step, everyone faces lots of struggles
...
You should act fairly if the feedback is against your people, if it
is directly to the product offerings then you must be able to communicate it to the right
department and if it is about service then you should know how to address it provided
with training to improve their performance and behavior
...

In the selling process of a product or service you should consider the following elements …
People - your target and future customer who will patronize your offerings
Investment - your capability as an individual to support the raw materials and operational
process to produce the goods
...


Below are examples of products and services that you can offer to the market
...

You can develop an app that offers delivery from every supermarket that supports mothers who
don't have much time shopping
...
In the aspect of ordering process and presenting of orders
you can observed different strategy that they used to be able to monitor their KPI (key
performance indicator) and service timings
Here, they have also developed an app and technological advances which help them meet the
needs of different generations which affects the overall satisfaction of customers
...
We can't deny the fact that as pandemic hits the world of business, different organizations
embrace the new norm and create some changes to fit in with the needs of the market
...


The technological advancement has a huge impact on the flow of profits and increases the
number of guest visits to a specific business
...

Compare the two scenarios of the ordering process at Mcdonalds when customers place their
order and how the employees presented it
...

NEW STYLE - The installment of KIOSK helps every customer to place their own order and
receive the food by checking the order in the receipt being displayed in the monitor
...


LIMITED TIME OFFER PRODUCTS - When it comes to product, Mcdonalds has adopted a
different culture to be able to meet the taste of different people and to show respect to their
religion when it comes to menu components
...
Here you can see how promotional strategy by famous celebrities
can be added to the McDonalds meals
...

Another one is the McDonalds app featured where there are multiple promos and deals which
attract more customers
...



Title: BUSINESS STRATEGY
Description: NOTES ABOUT BUSINESS STRATEGY