Business Studies, asked by shahrozhussain46, 2 months ago

suppose you are starting a new company, what types of IT strategies you will implement for sustaining in market

Answers

Answered by aishikibiswas03
0

Answer:

Leverage free or inexpensive marketing and advertising strategies or tools

Because your business is just beginning its way to making good money, it is practical that you rethink expensive choices to get individuals to notice your services or products. Don’t ruin your odds of getting the ROI you’ve set your eyes on, merely because you spent more than you ought to for that advertisement or sponsorship

Remain relevant

If your service or product is deemed less of a necessity or has disappeared from the list of today's trends, it’ll be difficult to get your business back on the radar. Don't wait for tragedy to happen. Remain on top of what others want and need, and be relevant in what other people are saying about your service or product. Be certain you reinvent if needed. Move ahead and expand.

As it comes to customer service, don’t compromise

It’ll take lots of effort to get your clients to trust you; however, make one error and you'll lose them all prior to even being able to explain. Irrespective of your reinvention, expansion, or growth, high quality customer service needs to be permanent. 

Embrace the proper technology

Startups today are actively pursuing innovations and technologies which assist in easing many of the operational activities. 

Do not be frightened of taking risks

Always attempt to bring something fresh to the table. There will be enough startups out there taking the road of least resistance; therefore, by doing things somewhat differently you may discover an entirely new, exciting niche within your field.

Do not be frightened of failing

The path to success is mostly paved by failure. It’s nearly impossible to succeed without having to fail first. 

Pick the proper people

With serious expansion will come serious job opportunities. Be certain not to take this lightly. One important business growth strategy isn’t to hire those you need desperately for only today, yet neglect to employ those you need for tomorrow. 

Keep on doing what is working

If it isn’t broke, don't fix it. Expansion happens as you are fulfilling a need. 

Cease doing what doesn't work, immediately 

Once you’ve identified what is working, start to trim the fat. Identify all expenditures in the business which are not generating results and reallocate these resources to what’s working, or to a different project.

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