Email marketing is still an effective marketing strategy in today’s fast-evolving of social and digital media marketing campaigns. Many companies and businesses still employ email marketing as their main marketing and promotional campaign. Today, we’ll discuss email marketing and its advantages and disadvantages. What is Email Marketing Email marketing is the process of transmitting commercial marketing messages to a group …
Every business, big or small regardless of its size, deals with the production, manufacturing, development, and sale of the product. After producing the product, the management works on the strategy that how to make the product development strategy. That’s what we’re going to discuss today, product development strategy, its functionality, types, along with examples. What is a Product Development Strategy? …
TikTok is a video-sharing social networking platform and Chinese multinational company. The parent company of TikTok is ByteDance, and it introduced a Chinese version of the platform under the name of Douyin back in September 2016. The company launched the international version of Douyin in August 2018. Both of these platforms are the same, however, the Chinese version has some …
Poultry farming is when you keep birds like turkey, geese, ducks, chickens, quails, and others for sake of getting feathers, meat, and eggs. People usually raise birds for two reasons; domestic and commercial. However, today we’re going to focus on the commercial mass-scale poultry farming business. Speaking of mass-scale commercial poultry farming, the objective of poultry farmers is to amplify …
Businesses and companies use various methods to determine the price of their product. Usually, they set the price based on the cost of production, and add some profit margin, and then it’s a sale price. Some other businesses set the price long before knowing the cost of the product. Today’s we’ll discuss target pricing strategy, why businesses follow it, its …
The first and foremost objective of any business is to grow and earn profit. When they start making a profit, their next goal is to stabilize their earnings. That’s what stabilizing strategy is all about. Today, we’re going to discuss stabilizing strategy, its types, and examples. What is Stability Strategy? The stability strategy is the business strategy of any corporation …
The purpose of planning and strategy is to maximize business productivity and growth. That’s why companies develop corporate strategies. Today, we’re going to discuss corporate strategy, its types, components, and examples. What is Corporate Strategy? The corporate strategy follows the portfolio approach to make a decision where you look at all of the company’s businesses and analyze how to generate …
Growth is something that all businesses and companies want. When we say growth strategy, it isn’t just a plug that gives you immediate results. It’s a process of creating a team and organizing mindset. Ryan Holiday says about growth more of a mindset than a toolkit. Today, we’ll study growth strategies, definitions, types, and examples. What is Growth Strategy? A …
Businesses and companies hope to succeed in their business. But what if the new business units don’t deliver the expected results, there should be a contingency plan of getting rid of that unit. That’s what divestiture strategy is all about. Today, we’ll discuss divestiture, its types, and reasons with examples; What is Divestiture? Divestiture is a process of shutting down …
Businesses and companies allocated marketing budgets and launch promotional campaigns to increase their sales and revenue. When the marketing campaign doesn’t deliver the expected result, then there’s no point in spending resources. Today, we’ll discuss harvesting strategy, definition, types, and examples. What is Harvesting Strategy? A harvesting strategy is a plan and management decision to reduce all the marketing expenses …
