Today’s focus is on tweets for a wise mindset because being in business requires being sensitive to and nimble about the way our market moves. We need to know just what is going on with our customers, as well as our competition. Being nimble enables us to address any sudden needs or issues that we might face. Being sensitive also allows us to see the warning signs before anything bad happens to our businesses.
This is somewhat easy for established companies, since they have the means and the experience which allows them to make adjustments. But for start-ups and firms that are still making a name for themselves, this could pose as a challenge. A little advice here and there could be a great help, which brings our attention to three tweets that will get our minds thinking.
Here……….take a look:
Operating lean is a big deal for most businesses. No successful company wants to waste time, energy, and precious resources for projects and activities that will not bring any returns on investments. With a ‘lean’ mindset, one will be compelled to plan projects and organize operations in such a way so as to reduce wastage, while maximizing the performance of the business. This is a strategy that fits well with start-up firms. The principles of lean planning can also be quite comfortable for larger firms that want to improve their performance.
What is the reason that Wal-Mart and Apple, two mega-businesses with different pricing strategies, are able to earn a high level of profit ? It has a lot to do with pricing strategies. A lot of people who see Apple’s high-priced products, tend to conclude that the quality is high. Of course, there are also those who believe that being expensive does not necessarily mean reflecting high quality. The tweet above shares with us an interesting article about price and customers’ perception of a product. Try clicking on the link to learn more about those two issues.
Listening to others is another skill that should never be taken for granted. Many of the innovations and products that we see today can be traced to people who actually listened to what customers say they need. Not that what they hear is what they deliver exactly, but more along the lines of making decisions and plans based upon the opinions, beliefs, and complaints that their customers air. It is only by listening will we be able to better decide on what should be the next company move.
Good tweets, right ? Definitely the information that we need to read and study.