Feedough Community Latest Questions

Maitya

  1. Teamwork is an integral part of every startup. Workload sharing is one of the best ways by which teamwork can increase work productivity. If one team member has less work than another, teamwork can help balance that out, thereby completing the task.The employee with time available could offer assistRead more

    Teamwork is an integral part of every startup. Workload sharing is one of the best ways by which teamwork can increase work productivity. If one team member has less work than another, teamwork can help balance that out, thereby completing the task.The employee with time available could offer assistance to another worker who has too much on their board. This allows projects to be completed faster.Teamwork creates a bond because everyone is working towards the same goal.

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Manushree Mishra

  1. For a startup company to be successful, one need to identify the target market. A clear target audience in mind i.e. focus the branding and marketing strategies on a specific group of people who genuinely have a need, want, or interest in the company. Talk to people.Interviews and focus groups are aRead more

    For a startup company to be successful, one need to identify the target market. A clear target audience in mind i.e. focus the branding and marketing strategies on a specific group of people who genuinely have a need, want, or interest in the company. Talk to people.Interviews and focus groups are a great way to help you narrow down your target market. Don’t start with a really narrow audience right away, start with larger groups. Ideally, you want to build long-lasting relationships with your customers. So you need to adjust your target market accordingly.

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Aakash

  1. This answer was edited.

    Although outsourcing has some risks involved but yet we can't ignore how beneficial it can be for a business. Economists do agree on the fact that outsourcing is a good business strategy. It has a lot of advantages like cutting of cost, speeding up of product development and not only that it also heRead more

    Although outsourcing has some risks involved but yet we can’t ignore how beneficial it can be for a business. Economists do agree on the fact that outsourcing is a good business strategy. It has a lot of advantages like cutting of cost, speeding up of product development and not only that it also helps to improve efficiency.
    If the risks are kept under watch and control outsourcing can prove to be very helpful for any business.

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Manushree Mishra

  1. This answer was edited.

    Well based on everyday observation gender and age are two ways I will classify these two examples into. For eg: If its a small boutique which sells customized garments for women then their targeted market is for females. Similarly if its a school uniform shop then their targeted market would be studRead more

    Well based on everyday observation gender and age are two ways I will classify these two examples into.
    For eg: If its a small boutique which sells customized garments for women then their targeted market is for females. Similarly if its a school uniform shop then their targeted market would be students in that area.
    To clarify in simple terms target market is the audience that a particular business wishes to attract, which would very obviously be the product they are dealing with. For instance if you have a toy shop then your major audience would be kids below age 12 maybe, you could further filter it out with what kind of kids are attracted to your product by researching the sales.

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prashanth0011

  1. "Following are some of the benefits of Customer Relationship Management (CRM): 1. Long-term relationship: Stickiness of customers increases because of CRM as the company following this approach business stay in constant touch with their customers. 2. Improve profitability: Using CRM you can identifyRead more

    “Following are some of the benefits of Customer Relationship Management (CRM):
    1. Long-term relationship: Stickiness of customers increases because of CRM as the company following this approach business stay in constant touch with their customers.
    2. Improve profitability: Using CRM you can identify the types of customers and decide how to direct your marketing efforts.
    3. Better customer oriented strategies
    4. Reducing the rate of customer defection: Constant interaction with the customers enables business to know about their weak points and work on those to improve customer satisfaction.
    5. Increasing customer perceived value: Since CRM ensure one on one interaction of the business with the customers, customer’s perceived value of the product or service offering is increased.
    Here is an article to help you with better understanding of Customer Relationship Management (CRM): https://www.feedough.com/customer-relationship-management-crm-wiki/

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Aakash

  1. It is a combination of old and new marketing tools, that focuses on using key leaders to drive your brand's message to the larger market. Influencers have the power to drive more people towards your products or services because consumers trust the recommendations made by their favourite influencers.Read more

    It is a combination of old and new marketing tools, that focuses on using key leaders to drive your brand’s message to the larger market. Influencers have the power to drive more people towards your products or services because consumers trust the recommendations made by their favourite influencers.It is all about building trust quickly, enriching content strategy and an effective way to reach your target audience. So basically, Influencer marketing is a type of social media marketing that uses endorsements and product mentions from influencers.

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prashanth0011

  1. Networking brings along quite a few benefits. Following are some of them: 1. Career advancements: Having a good professional network means getting you can receive guidance from your professional circle for career advancements. 2. Better job search opportunities: A wide network increases your reach aRead more

    Networking brings along quite a few benefits. Following are some of them:
    1. Career advancements: Having a good professional network means getting you can receive guidance from your professional circle for career advancements.
    2. Better job search opportunities: A wide network increases your reach and in turn leads to better job search opportunities.
    3. Knowledge enhancement: Having different kinds of people in your network enables you to widen your horizons in terms of the perspectives you have towards different things. Discussing and listening to opinions of different people helps you enhance your knowledge base.
    4. Personality development: All the above help you in personality development.

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Manushree Mishra

  1. To go by the definition we have: A target market refers to a group of potential customers to whom a company wants to sell its products and services. This group also includes specific customers to whom a company directs its marketing efforts. A target market is one part of the total market for a goodRead more

    To go by the definition we have:
    A target market refers to a group of potential customers to whom a company wants to sell its products and services. This group also includes specific customers to whom a company directs its marketing efforts. A target market is one part of the total market for a good or service.

    In simple terms, Business deal in products that are more likely to be bought by some consumers more than the other consumers. These consumers who have the demand and the purchasing power are termed as potential customers. The group of these potential customers is termed as target market by the businesses.
    For instance a business dealing in school uniforms, their target market would be the students of the schools these businesses are dealing with.

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prashanth0011

  1. Safety at workplace is very important. Workplace safety means the place where you go to work should have arrangements made for employees to factor in any naturally occurring hazards or man made hazards that may occur. Some measures taken by businesses to ensure safety at workplace are listed below:Read more

    Safety at workplace is very important. Workplace safety means the place where you go to work should have arrangements made for employees to factor in any naturally occurring hazards or man made hazards that may occur. Some measures taken by businesses to ensure safety at workplace are listed below:
    1. First aid kits
    2. Medical rooms
    3. Emergency exits and fire extinguisher instalment
    4. Conducting awareness workshops

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Prachi

  1. The process of like minded people getting in touch via social media or social circle and mutually benefiting through the relationship is known as social networking. Websites like LinkedIn, Facebook, etc provide means of expanding your social network by staying in touch with like minded people over tRead more

    The process of like minded people getting in touch via social media or social circle and mutually benefiting through the relationship is known as social networking.
    Websites like LinkedIn, Facebook, etc provide means of expanding your social network by staying in touch with like minded people over the internet.

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