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Business strategy
When is it okay to change your business.
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[QUOTE="King bell, post: 342910, member: 75687"] The realization that your business needs to change is important for its long-term survival. One must take into account shifts in the marketplace, customer input, technological changes, competitive influences, financial performance and internal issues when thinking about the need for innovation. Adapting to market trends, addressing customer concerns, embracing technology, staying competitive, improving financial performance and resolving internal issues can all enhance your business’s sustainability and effectiveness in today’s ever-changing business environment. In order to ensure a prosperous enterprise entrepreneurs must continuously assess their personal goals, values and priorities so that they match with those of their companies. Keep up with legislative changes and adapt company procedures accordingly. Adjust product mix as well as pricing strategies to respond to fluctuations in customer demand. Review your strategic vision periodically and be ready to shift the course of your business. Proactively driving change through our organization culture supported by flexibility which ultimately results in sustainability on long term basis. [/QUOTE]
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