Entrepreneurship Hour: ?TheBrandCoach? Network Daily Entrepreneurship Case Scenarios_ Tuesday 19th November 2024
Entrepreneurship Hour: ?TheBrandCoach? Network Daily Entrepreneurship Case Scenarios_ Tuesday 19th November 2024
CASE SCENARIO ONE
#abillionlivesgloballymission
You're considering adding a new product feature. When is it worth taking the calculated risk?
Understand the product life cycle!
During the journey of Entrepreneurship and especially when you're considering adding a new product feature. You'll be confused about the right timing for implementing this strategy.?
But understanding the product life cycle will give you a head way. For example when your product is deep into a plateau and sales have stagnated; a new product feature would reawaken the brand. It will breathe new life into your product resulting in a ripple effect in sales and growth ? bottomline.
#Tenthousandbrands
CASE SCENARIO TWO
#abillionlivesgloballymission
You're striving for business growth through networking. How crucial is social media to your strategy?
Social media is king
Entrepreneurship is anchored on growth. When you're striving for business growth through networking and noting that social media is crucial for your growth gives you a head start advantage.
Social media is an open market. It gives you an opportunity to make first contact with potential networks even as you seek to establish lasting relations.
Social media is a gateway especially when used craftly.
#Tenthousandbrands
CASE SCENARIO THREE
#abillionlivesgloballymission
An emerging trend is shaking up your market. How will you pivot your business strategy?
Embrace industry partnerships
When an emerging trend is shaking up your market and you're wondering how you will pivot your business strategy.? Wonder no more. Rather, Embrace industry partnerships.
Industry partnerships will provide you an avenue to leverage.
When you leverage on industry partnerships; it becomes tenable to distribute the the would be risk effects of the emerging trends.
#Tenthousandbrands
#TBCNetworkEntrepreneurshipHr
#winstontony
?TheBrandCoach?
#TWiC
Senior Managing Director
3 个月Winstontony KE Very interesting. Thank you for sharing
Creating Interactive Experiences through Motion Graphic Design
3 个月All these ideas are super valid. I think what also ties them together is the flexibility of upper management to listen and react or better yet, be pro active in securing their future through innovation