Archive for the ‘Strategic Planning’ Category
Thursday, June 20th, 2019
by Justin Grensing, Esq., MBA
With an up and down history dating back to the 1960s, the software-as-a-service or SaaS model has become the norm in tech-centered industries over the last couple of decades. With a SaaS model, providers of various applications or data storage capabilities allow end-users to remotely access the application or data. This is in contrast to models many of us were familiar with in the 1990s and 2000s where you would purchase an operating system software and install it via CD on a personal computer, for example.
In an article for Entrepreneur, Thomas Smale writes that the SaaS model has moved further and further toward a subscription model and suggests several subscription model-oriented growth strategies. These aren’t strategies only for very large, enterprise organizations. Even the smallest businesses, or solopreneurs, can leverage the subscription model to build sales. (more…)
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Tags: content marketing, marketing strategy, SaaS, software as a service, subscription models
Posted in Business Development, Content Marketing, Innovation, Internet Marketing, Marketing and Branding, Strategy | No Comments »
Tuesday, June 18th, 2019
by Justin Grensing, Esq., MBA
Where to price products and services is a key part of any business’s marketing and finance strategies. Economic theory includes multiple strategies for pricing, depending on broader business goals. For example, a company looking to maximize profit will try to set its marginal revenue—the revenue received from one additional unit of sale—equal to marginal cost (the cost associated with one additional unit of sale). A company trying to maximize sales will focus on average costs and revenue. The point where they meet is the sales maximizing point.
Of course, these are economic theories, and how these strategies play out in the real world is anything but certain.
(more…)
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Tags: competitive pricing, General Mills, loss leader pricing, Pricing, pricing strategy
Posted in Competition, Marketing and Branding, Sales, Small Business Strategy, Strategy | No Comments »
Wednesday, May 29th, 2019
by Justin Grensing, Esq., MBA
Google has not had a great couple of years in Europe. In March, the company was fined 1.5 billion euros—roughly $1.7 billion—for antitrust violations in the online advertising market. This represents the third such fine against the tech giant since 2017. “With the announcement on Wednesday, the European fines against Google total roughly €8.2 billion, or $9.3 billion,” says an article by Adam Satariano for the New York Times. “But the bloc has not received any of the money yet; Google is appealing the earlier decisions, and is mulling whether to appeal the most recent ruling.”
These fines provide some interesting business lessons relevant to any industry. (more…)
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Tags: consumer privacy, EU, European Union, GDPR, Porter's Five Forces, privacy, regulatory risk
Posted in Internet Marketing, Marketing and Branding, Strategy | No Comments »
Tuesday, May 14th, 2019
Jazz Jones is anxious to get moving forward with the implementation of her content marketing strategy. She is, after all, eager to begin building her coaching business. But she has just a few more steps before she’s ready to go. The next one, Step 5, is critical and all about keeping the end in mind. (more…)
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Tags: content marketing, content marketing strategy, marketing strategy, setting goals and objectives, thinking strategically
Posted in Content Marketing, Strategy | No Comments »
Tuesday, May 7th, 2019
Jazz Jones has a clear focus on her goals, objectives and her target audience. She knows who she’s attempting to influence and she’s done thorough research into their AIOs (activities, interests and opinions). Now, she’s ready for the next important step in creating a content strategy. (more…)
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Tags: analyzing the competition, content marketing strategy, creative marketing, identifying competitors, marketing process, marketing steps, marketing strategy
Posted in Content Marketing, Strategy | No Comments »
Tuesday, April 30th, 2019
Jazz Jones is now well underway in the development of her content marketing strategy. She has clear goals and objectives in mind, she’s identified her specific target audience and she’s ready to move on to Step 3. (more…)
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Tags: analyzing the competition, content marketing strategy, creative marketing, identifying competitors, marketing process, marketing steps, marketing strategy
Posted in Content Marketing, Strategy | No Comments »
Thursday, March 28th, 2019
by Justin Grensing, Esq., MBA
For countless Americans, a trip to the local Blockbuster in the hopes of renting one of the copies of the latest hit movie to be released on VHS or DVD or to browse older favorites and film classics was a part of the Friday or Saturday night ritual for years.
But as technology and delivery methods evolved, Blockbuster and other video stores started to lose market share to then-mail-delivery-based Netflix as well as DVD rental kiosks before seeing further erosion from video streaming services. As Michelle Lou and Saeed Ahmed write for CNN, the iconic brick-and-mortar movie rental chain is still hanging on. But just barely. After the recent closing of a Blockbuster store in Australia, the Blockbuster in Bend, Oregon became the last one open on earth.
(more…)
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Tags: Blockbuster, changing market demand, disruptive innovation, environmental scanning, market shifts
Posted in Competition, Marketing and Branding, Strategy | No Comments »
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