In today’s
economy, many companies are faced with difficulty sustaining growth to their
business. One of these reasons is in popular markets, where new services are
constantly on the merge of opening. In order
for many companies to stay in business, and make a profit, they have to make
sure they constantly are thinking of new innovative ways of getting things
done. Is it smart to open a business in a popular market? Many people do so
thinking they will become instant money makers, which in reality is not true.
While the demand is higher for popular items, there is also a higher amount of
people going into the market to provide these popular items. This makes
customers to business ratio smaller.
The purpose
of this article is to explain the importance of keeping your business growing
and successful. There are many ways a business can cut costs or make money
saving decisions. What is important is “selecting best network growth
strategies to implement for meeting adequately the growth demand while maximizing
the members’ satisfaction level”. (Fassi
A, Awasthi A, Viviani M) Meeting customer satisfaction is always very
important in a popular industry, because any one thing can be the difference
between making and breaking.
The author in this
article, which discusses about car sharing organizations, suggests implementing
new strategies. They have found that in order to keep up their growing demand,
they must make new “stations” which will make the companies more efficient. The
author has a simulation model which can provide the activities of any size car
sharing station. They have done many benchmarking comparisons to show different
strategies and how you go about achieving this for your company.
Within the article
is a proposed model application for practicing managers to review. They can gain
knowledge of what to expect, and how to manage this type on industry. It is
important in the car sharing industry to keep things on the move and one step
ahead, just like it is for all industries.
Your post was enough to entice me to try and follow your link.I just really wish I could have gotten somewhere by trying to follow your library link. It would probably help if you stated where the information actually came from.
ReplyDeleteYes Sam, citations must be included in the posting! Unfortunately linking doesn't always work! Candice
ReplyDeleteI also appreciate the tone in your blog. It reads more like a blog and less like a research paper. A few links would have been useful though. I had to Google some words. Thanks for the info though!
ReplyDeleteThis article is relevant at my job as an event coordinator for a non-profit organization. We must constantly create new ways to inform our donors why they should give and where their money will be going. I know this is not what the article was referring to specifically but it seemed relevant. People have so many different ways to spend their money and donate their money. This makes our job a little bit trickier, in that we must be constantly remain innovative in how we approach potential donors.
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