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Andrew Likierman, former Dean of London Business School, [14] argues that success is a relative rather than an absolute term: success needs to be measured against stated objectives and against the achievements of relevant peers: he suggests Jeff Bezos and Jack Ma have been successful in business "because at the time they started there were many ...
Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. [1] It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. [2]
Other synonyms for effectiveness include: clout, capability, success, weight, performance. [13] Antonyms for effectiveness include: uselessness, ineffectiveness. [13] Simply stated, effective means achieving an effect, and efficient means getting a task or job done it with little waste.
Performance indicators differ from business drivers and aims (or goals). A school might consider the failure rate of its students as a key performance indicator which might help the school understand its position in the educational community, whereas a business might consider the percentage of income from returning customers as a potential KPI.
The concept of operational excellence was first introduced in the early 1970s by Dr. Joseph M. Juran, [3] while teaching Japanese business leaders how to improve quality. It was formalized in the United States during the 1980s, in response to the influx of quality goods imported from Japan, shrinking the market share of large companies, whom ...
Business model which works by charging the first client a fee for a service, while offering that service free of charge to subsequent clients. Franchise Franchising is the practice of using another firm's successful business model.
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Customer success, also known as customer success management or client advocacy, is a business strategy focused on helping customers achieve their goals when using a product or service. It involves providing support and guidance to ensure customers get value from their investments.