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"Find a need and fill it". "Build the better mousetrap". "Offer better features". These axioms are no longer enough. Today, the business environment has become far more difficult, complex and competitive.
Industry segment "Leaders" offer the lowest prices on quality products, and with outstanding customer service". Home Depot, Wal-Mart, Dell, are just a few examples. Who owns your product category?
Socially
and economically, all nations react to global influences. Driven by the
Internet revolution, products now have world exposure, markets and sales
potential. Pricing is the first casualty of a commercial world more competitive
than ever. Pricing is a function of costing.
How is your costing? How are your competitor's prices? What are your margins? How much of your time is focused on production economies instead of opening new marketing, new sales channels and brand building?
The five "Ps" of Marketing are: "Product, Production, Pricing, Profit, Promotion". These, universally, are the issues that affect the success of a business. They are also the core of the IMSS Value proposition. Call us, we'd like to help. |
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