The bottleneck strategy is a strategy used to maximize your success potential in achieving goals and in completing projects. It is a strategy for identifying where you should place your maximum focus and concentration in order to gain the best results.
Whether or not you achieve your goal, or complete your project, within the desired time frame will depend largely on how well you allocate your resources, including time. If you focus on the right tasks in the right order then, provided your time target is realistic, you can ensure that you will achieve your target on time.
The first step in the bottleneck strategy is to break your goal or project down into a complete list of elements.
To grow globally is the dream of every businessman. A person who starts business on his own effort should need strong determination and positive efforts to make his business successful. Even a well established business needs right efforts to make his business /product/ services successful.
For success of any business marketing policy plays an important role. To increase your business growth, you need strong marketing team with knowledge of thorough marketing strategy.
The marketing department of any company can choose type of marketing depends on the business / service type, objectives, target market, capability, efficiency and budget. Selecting Traditional Marketing or Online Marketing very much depends on all above factors.
Franchising is known to be among the available options that businessmen and entrepreneurs can use as business opportunities without having to go through the usual motions of having to brainstorm and hypothesize on studies that most business tycoons would initially make. Franchising can be seen today in local food chain stores like McDonald’s, Burger King and Subway. They are practically seen in all countries of the world.
Mixed Origins of Franchising
Franchising does not really have a clear trace of its background. There has been various information as to where the franchising business originated. These include countries like China, England, and Europe and of course the United States. It is even traced as far as the Middle Ages where the business opportunity issues back then was more on the lack of transportation for the goods to be transferred from one place to another. Other considered franchising as well as a means of establishing stands, vendors and a better means of being able to offer goods towards customers in other places within the coverage area.
Franchising at a Glance
Franchising is not a new term for defining business opportunities. It extends as far as home business opportunities for people who would want to be their own boss and hold their own business hours. Franchises would usually depend on the location to which franchisees would want them to be located, ideally in populated and commercialized areas for maximum exposure. Depending on the product or service to which the franchise caters, people can even do business from their own footsteps at home. This way the expenses to be incurred such as rent or warehouse allocation expense can be avoided, an expense that is certainly something tough on the budget allocation constraints of franchise owners.
Instance of the delivering of the newspaper: –
It is associated with the normal life of the people that every morning a daily newspaper is delivered at the doorstep which can be used for the study of the case of the business. But it must be known to the general people that the publisher of the newspaper for this purpose the publisher of the newspaper must hire reporters, writers, journalist and other various staff person who help him to complete the task and delivering the newspapers to the readers. But in addition to this a lot of investment had to be made in paying the duty of the machineries and also for the tons of the paper which is required for the newspaper on the daily requirement. Also to ensure the proper delivery of the newspaper to the readers on time, various agents are appointed by the publisher in different parts of the territory which successfully do the work.
Earning of the newspaper agency from selling advertising: –
Now the question rises, if the newspaper is spending so much in making their paper popular brands and making every effort to reach to the home of a user then how the company of the newspaper makes money? It is much obvious that just by selling a copy of the newspaper and that too at a low cost of 1$ one cannot achieve even his basic funds to perform the basic operations.
The answer to this is that by just selling the advertising spaces of the newspaper columns. Very often many advertisements can be regularly seen in the newspaper. It is possible if the newspaper agency sells his advertising space to the advertisers and the other companies who are popularize their brands and the products and also want to gain high leadership by making such efforts of buying the advertising in the newspaper.
Similarly more money can be made with the help of the newsletter. It is possible to just sell off the advertising space to the different advertisers for their future purpose. For example if a person wants to go for the mailing and the word size is around 1000 then it is recommended for the advertiser to go for the buying of the advertising space which can be available at 10$ per sponsor ads. This can be an effective way to popularize the product and conveying the message.
In this way, a person can turn his every issue which he sends to his respective subscribers and hence leading to a profit-pulling device. Since there is no end of the advertisements made by the advertisers for making their product or different services and making their business grow, many advertisers are going for the buying of the advertising.
Marketing in business environments employs consumer psychology in order to assist the consumer to identify product and services with fulfillment of individual wants and needs. This is done by recognizing that there are 3 unique phases that are present in every decision made regardless of how trivial. If these phases are handled out of order, or with incorrect emphasis, the marketing results will be reflected in the acceptance of any presentations made.
The 3 phases of decision making are as follows: