Big business is not completely vulnerable and that the strength of big companies should be respected. However, the classic business school terms such as sustainable competitive advantage and barriers to entry are be-coming more and more antiquated. As our economy moves away from a manufacturing base to being more service and information based, the traditional advantages inherent in big business have lessened.
Due in part to both technology and changing business practices, it is increasingly easier for a new company to enter an industry and easier for companies to hop across previously well-drawn territory lines. Just look at what has happened in the telecom world. Nearly every major Read the rest of this entry »
I think every salesman or shop owner agree the idea to sell their product as soon as possible because with the cash they can do anything to grow their business. If faster we can sell our products, more benefit will be achieved. How could? For example we sell weight loss products with profit of every sold product is $1 and in a day normally we can sell around 10 products. But if we try harder to sell it for 15 pieces, so in a day we can get profit $15 plus we can keep our stock in the same day.
To improve our business we can manage our stocks base on demand of market. If we analyze that there are some products still required by market in big quantity, we can add stock little bit higher than normal stocks. For the rare product we can reduce the stock quantity. So always open your mind, eye and ear for the market demand.
