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Business Management

Level of Radicality of Organizational Changes

Posted on December 1, 2022 by Sara Kremsar
Implementing change can have very different effects on different participants within an organization. For some organization members, the changes can have little impact on their daily work and processes. For others, making the same changes can result in huge disturbances. Any change to a business system involves a certain degree of uncertainty, complexity and actual risk. The concept of implementat...

Difference between Performance and Efficiency

Posted on November 3, 2022 by Sara Kremsar
Today's organizations face enormous challenges in evaluating their effectiveness and performance. Businesses are placing great emphasis on social responsibility, innovative technologies, and new ways of thinking strategically. Driving overall organizational performance and efficiency has always been a priority, as achieving business performance and efficiency is directly linked to creating busines...

Customer Life Cycle through Sales Funnel

Posted on October 13, 2022 by Sara Kremsar
Nowadays, customers are more than just a number; they are the number one asset of any company. For a company to survive in the market in the long term, owners and managers must see the company through the eyes of its customers and focus on building long-term relationships with them. The best way to do this is to develop a sales funnel and define the customer's lifecycle and journey through the sal...

CRM System Establishment

Posted on October 6, 2022 by Sara Kremsar
Proper Customer Relationship Management is a key to success that companies often overlook. Customers have many choices in today's highly competitive environment, so we cannot take their loyalty for granted. The ultimate goal of customer management is to build and maintain good relationships with customers and prospects. Companies should have a Customer Relationship Management (CRM) System because...

Benefits of Customer Relationship Management

Posted on September 29, 2022 by Sara Kremsar
Customer Relationship Management (CRM) refers to the way in which a company maintains and develops relationships with its clients. It is about managing the relationship between a company and its client base, regardless of the industry. The aim is to implement strategies and business philosophies supported by technical solutions for an efficient and successful business with clients and to ensure th...

Exploring Market Development and the Changing Customer Role Over Time

Posted on September 22, 2022 by Sara Kremsar
Fundamental change is constantly taking place in the business world. Companies anticipating and adapting to these profound changes have the best chance of succeeding in the new era. The nature of business and the marketplace has evolved slowly over many years. The evolution of the market is divided into eras, which generally lasted about 40 to 50 years in the last two centuries. A number of unifyi...

Exploring Market Dynamics: Deciphering Customer Influence on Demand and Supply

Posted on September 15, 2022 by Sara Kremsar
In the world, both organizations and individuals face a fundamental economic problem that states that the factors of production are limited, which limits the number of products and services that can be obtained. Because the factors of production are limited, the amount of products and services available is also limited, while people's needs and wants are virtually unlimited. Today, people have to...