Tuesday, 9 April 2013

Innovative Business Model for Growing your customers

Whether you are selling a product or a service, you need to differentiate yourself to fetch a higher value and subsequently better margins for your your products or services. Given Any business value chain, organisations normally initiate projects
with their customers who are  one or two steps above them to push their products or services.
In the present age with opening up of global economies and price competitive markets, one needs to have a different approach to create market growth as well as create value for its products.
For multinational corporations the job becomes easier, as they can easily rope in their commercial successfull business model for  applications.
Gathering information and Executing it  is always the key in making such value propositions with global customers.One needs to have a good solid customer customer rapport and should be ready to engage customers in value added activities, then only the customer would look at a company which is always eager to support, share and buildup new products and services.
Its also important to have a  top management lining up resources dedicated to specific growing market for a particular sub segment. Once the segment is decided it easier to identify key opportunities.
End result is the value propositions on various opportunities in the segment.
Value proposition once sold to a customer mostly results in winning a project.

Big challenge exists for Suppliers at the bottom of the value chain as they need to understand the value being added at each stage of the value chain. By this way they create a new product which caters to various needs of different value chain partners.
For a supplier its important to work as team with joint development programs with their customers and their customers customer.
Winning is habit and needs to developed and nurtured in a methodical way by creating case studies for WINNING WITH CUSTOMERS.

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