The question is how do players manage to achieve high growth even if the markets are constant and their supposed competitors are struggling to recover. It’s a business not as usual and well managed, but what are their secrets and techniques?
You need to master a few key pillars if you want to reinvent yourself or embark on new perspectives. Whether you want to develop one or many revenue lines, or you want to launch a new business. Or even move towards an evolution of your business.
In this strategy, companies try to create a new strategic space. Even if you haven’t yet had this idea of competition in mind. Fairly attractive to consumers on the allocation of space as the author of the creation. You thus increase the value of these creations, it becomes logically profitable by investing in a good non-floury business.
This strategy requires you to redefine your market to be able to expand it. The first step to take is to take an interest in a non-flounder. These are branches of your marketing that do not yet generate great evolution but evolving towards a proposal of the model or economic value.
All you have to do then is to develop an attractive value proposition construction for this new demand. It must be innovative to diversify the competition indirectly and directly. Good to know are: focus on the attributes that bring value to the targets, growing shows that attract audiences, and avoid unnecessary and wasteful investments.
Think as a native
In communication, digital and responsibility are the 2 bases that justify the proposal and the value model. Many companies are mistaken in transforming their marketing branch to integrate these notions, yet it affects their margin.
But on the contrary, companies that make an integral and global shift in their business by competing in the way of management know better a good optimization on their business model. At the same time, they obtain a singular value proposition.
Responsibility and/or digitalization should lead to a new creation of services such as waste recovery. There is therefore a digital contribution to the customer experience. As a company, you work on viral marketing and a personalized experience directly online. But also, you are going to execute them fluidly thanks to the optimization of the allocation of internal resources, so in this case, there is better anticipation of your sales.
Overall consistency and relevance
It is now more essential to know how to go fast even without competition. By working on speech, posture, and actions so that they are interdependent, we can speed up time. To do this, you need to anchor your brand on your playground.
The essentials to help you organize better are, therefore: the brand posture displayed and the support with the relevant points for differentiation towards users, they must capitalize on unique know-how and be unique about the market.
These elements must be embodied in the offer, the employer brand, the communication, the experience, and the business model… These actions must also be prioritized by taking into account their contribution to the storytelling of your brand.
Resource allocation and choices
Time and budget control even in new business models remains the core of the competition on the market. This means, in short, that the future belongs to the boldest. Companies that are trying to expand their performance in the market are the most successful with at least 40% of their budget in 2 successive years. By giving themselves the means to set up strategic priorities and allocate the necessary financing.
Sometimes the annual budget allocation is difficult to circumvent. In a world that moves fairly quickly, responsiveness is essential and allocation is not enough. As a tip, it is advisable to complete the points in quarterly steps during the performance of activities and projects that are reviewed for the identification of adjustments to be made. This is the time and opportunity to take stock of the opportunities and threats that have emerged in the market over the past months.