Customer loyalty is more about providing a great product than having a large selection. There are a few easy ways to bring in and keep customers. Customer loyalty has an effect on different parts of a business, like how much money it makes, how people see the business, how the business’s money is spent, and…
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How to Scale AI in Your Organization
AI is beyond the hype and entering a phase of industrialization. The belief about the imperative of AI is widespread— universally across industries. However, only about 5% of global enterprises is ready for industrialized growth of AI. To reap the real benefits, organizations need to be able to scale AI solutions. This all sounds obvious:…
New Leaders Need More Than Onboarding
Many businesses think they are doing a good job of bringing newly hired executives into the fold when they actually aren’t. Nearly all large companies are competent at the administrative basics of signing leaders up, but that level of onboarding does little to prevent the problems that can arise when these people start working with…
What Makes an Online Marketplace Disruptive?
New distribution channels make it possible to reach more customers with a wider range of products than was previously available. New producers and sellers can take advantage of emerging distribution channels to transcend geographic proximity, leading to an increasingly fragmented producer market that is no longer limited by the scarcity of shelf space. Throughout history,…