Feedough Community Latest Questions

Maitya

  1. Hey Maitya, you can understand benchmarking as the process of comparing your company's results with those of others in your industry to get a better view and understanding of your image and position among your competitors. It helps to identify effective marketing strategies, assure product developmeRead more

    Hey Maitya, you can understand benchmarking as the process of comparing your company’s results with those of others in your industry to get a better view and understanding of your image and position among your competitors. It helps to identify effective marketing strategies, assure product development and encourage new business ventures and ideas to identify internal opportunities for improvement. Also, it is used to collect data to create long-term business strategies, including reviewing critical functions to increase efficiency and improve performance and thereby applying best demonstrated practices to operations and sales.

    See less
    • 0
Maitya

  1. To explain adverse selection, I would like to start by explaining what asymmetric information is. Generally in any transaction there are two parties involved, and if one party has greater knowledge than the other party. It can also be called information failure. Now adverse selection is just a caseRead more

    To explain adverse selection, I would like to start by explaining what asymmetric information is. Generally in any transaction there are two parties involved, and if one party has greater knowledge than the other party. It can also be called information failure. Now adverse selection is just a case of information failure or asymmetric information. According to the definition: Adverse selection refers generally to a situation in which sellers have information that buyers do not have, or vice versa, about some aspect of product quality. Broadly speaking, adverse selection occurs when one party in a negotiation has relevant information the other party lacks. The asymmetry of information often leads to making bad decisions, such as doing more business with less-profitable or riskier market segments.

    See less
    • 0
Prachi

  1. Leaders with charismatic leadership style are the ones who use their personality and persuasive skills to get the followers to do what they believe in. Their communication skills is what is admired the most. They are the ones who connect with their followers at an emotional level because they are prRead more

    Leaders with charismatic leadership style are the ones who use their personality and persuasive skills to get the followers to do what they believe in. Their communication skills is what is admired the most. They are the ones who connect with their followers at an emotional level because they are profound communicators.
    Political leaders like Barack Obama, Narendra Modi are examples of people with charismatic leadership style. They possess the ability to connect emotionally with people and also communicate their thoughts in a way that people understand and connect to.

    See less
    • 0
Pallavi Kamat

  1. Companies conduct surveys for various reasons. Few of them are to gauge brand awareness, to gather customer feedback and product perception. 1. Brand awareness: One of the main reasons for companies to conduct surveys is to gauge brand awareness. Companies ask questions related to brands to analyzeRead more

    Companies conduct surveys for various reasons. Few of them are to gauge brand awareness, to gather customer feedback and product perception.
    1. Brand awareness: One of the main reasons for companies to conduct surveys is to gauge brand awareness. Companies ask questions related to brands to analyze customer’s awareness about their brand.
    2. Customer feedback: Surveys is one of the ways to gather customer feedback which can then be analyzed and used to make improvements in our product offerings.
    3. Product perception: With the means of surveys you can find out how your product is being perceived by the customer.

    See less
    • 0
Aakash

  1. Well great workplaces understand their role to keep it exciting, challenging and meaningful for employees. Obviously ever place can have same furniture, same devices but human resources are important, if the place consists of great people then it would encourage the employees. If its a great workplaRead more

    Well great workplaces understand their role to keep it exciting, challenging and meaningful for employees. Obviously ever place can have same furniture, same devices but human resources are important, if the place consists of great people then it would encourage the employees.
    If its a great workplace it has to have a training and development cell, a place to learn and grow.
    And lastly, they have a unique culture that is their own, often described as fun, congenial, collaborative, positive, passionate, and creative. Their work environments, people, and workplace practices all help create a vibrant, positive, magnetic, and infectious culture.

    See less
    • 0
prashanth0011

  1. Here are some differences between marketing and sales: 1. ales is the process of selling a product or service to a potential buyer. Marketing is the collection of decisions you make about the market which should lead to successful sales. 2. Marketing is a pull strategy whereas sales is a push strateRead more

    Here are some differences between marketing and sales:
    1. ales is the process of selling a product or service to a potential buyer.
    Marketing is the collection of decisions you make about the market which should lead to successful sales.
    2. Marketing is a pull strategy whereas sales is a push strategy.
    3. Sales is the ultimate result of marketing.
    4. Marketing targets developing brand identity and sales targets meeting customer needs at the right time.
    5. Marketing is reaching out to customers to build long lasting relationships and with sales the marketing efforts become successful.
    How much ever different they may be, they are have to work together.

    See less
    • 0
Janny

  1. Employee empowerment is vital for every business. Its important to give employees a sense of responsibility and letting them have a voice. Empowerment is considered a “new” management technique for companies to help rise new career goals. It helps framework an employee’s expectations and sets goalsRead more

    Employee empowerment is vital for every business. Its important to give employees a sense of responsibility and letting them have a voice. Empowerment is considered a “new” management technique for companies to help rise new career goals. It helps framework an employee’s expectations and sets goals to accomplish their main purpose of their work. It will enable an employee to take control of their job and use skills they never knew they could use. It is very important for an employee to feel empowered cause that is when he/ she can perform their best. Its necessary for developing confidence in them, by giving them responsibilities, companies help them feel more accountable and confident. By giving an employee power, it will enable them to achieve new responsibilities and goals. When they will know that their opinion matter and their voice is heard, then they can prove to be very effective and can even foster new and great ideas for the company.

    See less
    • 0
usha69

  1. Disruptive innovation is an innovation that fulfills the needs of unserved customer segment and creates its own new market and a network of value which leads to redefining of the sector that you are operating in by taking the competitors off balance. It is traditional notion to improve existing prodRead more

    Disruptive innovation is an innovation that fulfills the needs of unserved customer segment and creates its own new market and a network of value which leads to redefining of the sector that you are operating in by taking the competitors off balance.
    It is traditional notion to improve existing product offerings. But somebody who comes up with disruptive innovations focuses on creating something new for the untapped markets.
    Netflix is one example of disruptive innovation.
    You can read more about disruptive innovation in feedough.com/disruptive-innovation/ article.

    See less
    • 0
Prachi

  1. Declaring bankruptcies mean that s business or an individual cannot repay their debts to the creditors. Bankruptcy is a legal proceeding. It is a process where either the debtor or the creditor file for bankruptcy. On filing for bankruptcy, the debtors assets are evaluated and the outstanding debt mRead more

    Declaring bankruptcies mean that s business or an individual cannot repay their debts to the creditors. Bankruptcy is a legal proceeding. It is a process where either the debtor or the creditor file for bankruptcy.
    On filing for bankruptcy, the debtors assets are evaluated and the outstanding debt may be repaid using those assets.
    Bankruptcy is a way for companies to start afresh.
    When a bankruptcy proceeding is successfully completed, the debtor is no more obligated to repay outstanding debt and gets a second chance to start again.

    See less
    • 0
Aakash

  1. Negative externalities can cause indusries to overproduce if these firms are not generating socially efficient output. Let's say if an industry is spoiling the air quality or water quality for its production and not internalizing the cost of it then the marginal cost of production will be lower thenRead more

    Negative externalities can cause indusries to overproduce if these firms are not generating socially efficient output. Let’s say if an industry is spoiling the air quality or water quality for its production and not internalizing the cost of it then the marginal cost of production will be lower then the marginal social cost which would lead the firm to produce extra units of its good. If this cost is included to determine the output by the common economic equation of MR= MC then MC would be higher and with increase in cost the profit would reduce if produced more than efficient output, which will restrain it from overproducing.

    See less
    • 0