Organizational culture matter. Indeed, organizational cultures are central determinants of the character of organizations. After all, culture is the glue that holds together all of our values, our beliefs, our sense of self, and our confidence and trust in the people around; says Jerry Haney, author in Executive Life magazine.
So, what is the organizational culture of your business? I think that most business owners may battle to answer this question. Why? Because everyone takes the organization’s culture for granted. They live the culture every day, conform to its unwritten rules, and reject the outsiders and reward those who conform.
Continue reading What Business Owners Need to Know – Organizational Culture Matter
A lot of small businesses start without a business plan. As a result, there’s no vision (where do they want to be?); or a mission (how will they get there?). Nor goals (what do they want to achieve) or strategies (how will they achieve their goals?)
Continue reading Every Business Needs A Business Plan
Amazon.com and Walmart are busy reacting to challenges in their retail channels. The outcomes of their strategies are setting up these retail titans for a massive collusion in the Omni-channel retail space. “Amazon and Walmart have become the disruptive titans of today’s business world” says Jim Tompkins, CEO of Tompkins International. The rest of the retailers are playing catch up as they create benefits for their customers at a phenomenal rate.
Continue reading Amazon.com and Walmart – Set to Face Off in the Omni-Retail Channel Space
Retailers who are for years in business are using technology that is developed for running a physical shop (Bricks and Mortar) better and making shopping for their customers easier. A study by Forrester Consulting found that although 90% of the UK retailers are now doing business online. Sadly, most of them find it difficult to join their online and offline technology. Moreover, only 26% of the retailers interviewed mentioned that their sales are influenced by the online channel.
Continue reading Retailers Biggest Challenge – Integrating Online with Offline
Robin Allen from Smart Insights reported results from research recently done by Quartz why 87 bootstrapped (companies that start without venture capital) failed. Allen highlighted the fact that the results show ‘poor marketing’ positioned above pricing issues, legal challenges or burn out as a reason why start-up businesses fail.
Continue reading Research Results Show Reasons Why Start-Up Businesses Fail
Drafting a business plan it is important to do a market analysis. You should determine against who your business is going to compete, what the size of the market is, whether the market is profitable and who your customers will be.
Continue reading Include a market analysis in your business plan
How many people that want to start their own business have a business plan in mind as one of the first things they must do before opening their doors? Not many… Recent research reported by the “Start Up Donut” showed that more than 1.5 million UK SMEs (about one third) don’t have business plans.
Continue reading The value of business plans when you start a business
Retailers spend big money to convey messages about their products and their prices to their customers. However, if the customers understand the marketing messages differently as what the retailer has intended, then big money may be wasted…
Continue reading Are Your Customers Receiving Your Marketing Messages?
Over the past couple years traditional online retail companies have opened more physical stores than ever. Therefore, choosing the right site for your physical store is critical decision for an online retailer that wants to add bricks to clicks.
Open a physical store for your online business
Continue reading Adding Bricks to Clicks – How to Choose a Site for your Physical Store
Despite being the continent with the highest growth potential and a growing middle class population, retailers find it difficult to move online in Africa. South African online sales recently surpassed the 1% mark of total retail sales. However, Africa and other African countries require exponential growth to catch up (Export & Import South Africa).
Continue reading Some Reasons Why Retailers Battle To Move Online In Africa