Remove Examples Remove Industry Remove Productivity Remove Sales
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The Price is Right: Decoding the Art of Product Pricing

Tom Spencer

One of the most common problems business leaders face is how to price a product. From entrepreneurs putting a new product on the market to executives at a public company revamping a product line, effective pricing is a key pillar of any successful sales and marketing strategy.

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Use ChatGPT to Boost Your Productivity as a Consultant

Successful Independent Consulting

For us, ChatGPT isn't just another tech gimmick; it's a virtual assistant that can elevate our creativity, enhance productivity, and revolutionize our communications. Example: The initial image for this article was of a female assistant so I changed the prompt to “non-human assistant.”] Gender, race, and age bias are common.

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Real-World Examples of AI in Management Consulting

Tom Spencer

This is the fifth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation.

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Biz Dev and Sales: Two Pillars of Business Success

Tom Spencer

Business development and sales are two of the most critical components of any successful business. They are closely related, with business development focusing on identifying new opportunities and building relationships, and sales being the process of actually closing deals and generating revenue. However, this won’t happen overnight.

Sales 88
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Achieving Startup Success via Product-Market Fit

Tom Spencer

While this idea is appealing and no doubt has some truth to it, it has led many entrepreneurs to develop, fund, and launch products that ultimately fail. Why waste years scaling up a product that from the outset never performed the job that customers needed doing? It has come to be known as product-market fit.

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Trends Shaping the Automotive Industry in 2022

Epicflow

This year, the automotive industry is expected to continue its recovery following the headwinds of tough 2020. The general outlook for 2022 is rather optimistic – the industry is going to take further steps towards producing smarter vehicles. Electric Vehicles Production and Sales Will Grow. References .

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The Transformative Power of AI in Business

Tom Spencer

These systems can suggest relevant products that customers are likely to enjoy. As a result, businesses are able to provide recommendations that simultaneously enhance customer satisfaction and increase sales revenue. For example, Amazon might collect and analyze customer data such as product purchases and demographic information.

Data 147