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Capital Asset and Pricing Model
Questions : 1.A Critical Assessment of The Capital Asset Pricing Model (CAPM)You are required to- (a) Describe the Capital Asset Prici...
Saturday, May 23, 2020
Customer Service Vs. Business - 956 Words
The world is full of great businesses and itââ¬â¢s not always easy to standout in this vast crowd. But if you are looking to differentiate your business and to attract satisfied and happy customers, focus on great customer service is definitely the way to go. Studies have consistently shown how companies with good customer service have customers that are more loyal and likely to bring in more customers to the company. This guide will look at the importance of customer service through two examples of successful companies: Amazon and Eventbrite. What is customer service and why it matters for business? When it comes to customer service, many people think they know what it is, even though they donââ¬â¢t have a clue. Customer service is a concept that is often mentioned, but never explained. This has led to plenty of companies having a dedicated customer service department, but a horrible customer service culture. The definition of customer service often describes it as a process, which ensures customer satisfaction with a specific product or service. It is a process that can take the form of a face-to-face interaction, a phone call, a self-service system and often in todayââ¬â¢s world through e-mail, online chat or other such form. Customer service is often the interaction the customer has with the company as they purchase the product or service. It often also manifests itself when things go wrong. Consumers often contact customer service departments when things have gone wrong withShow MoreRelatedMgt 501 Case 1 Essay1716 Words à |à 7 Pagesin air travel. In order to be successful, they have to carry out their business from a certain value-based perspective ââ¬Å"less for much lessâ⬠and concentrate their attention on the following Key Success Factors of their industry which would be the overall low costs: overall low costs are essential to be able to offer cheap fares. They are achieved by several cost-cutting business practices such as: * Point-to-point services (no waiting for baggage or passenger transfers, less complexity) *Read Moreâ⬠¢Identify And Evaluate Key Result Areas (Kras) And Key1660 Words à |à 7 PagesSatisfaction â⬠¢ Customer retention rate â⬠¢ Customer referral rate â⬠¢ Conversion rate â⬠¢ Average resolution time â⬠¢ Number of resolutions â⬠¢ Number of repeat orders/ purchases. â⬠¢ Numbers of new orders. â⬠¢ Number of returns. â⬠¢ On time deliveries. â⬠¢ Re-occurring issue numbers. Customer Record Management ââ¬â Track performance data of interactions with customers. Record assessment tool outcomes against customer profiles to ascertain satisfaction levels. Product Management â⬠¢ Hours spent on production â⬠¢ Actual cost vs projectedRead MoreAssignment Sheet : An Assignment Cover Sheet1395 Words à |à 6 Pagesup businesses. These structures affect a business positively and negatively. These structures can also determine team designs while inside of companies. This process can also can the stakeholders and shareholders in the company that different employees are working for. â⬠¢ Organizational structures The structures that make up a business or organization enable it to operate and also in some structures show hierarchy. There are many different types of business, organizational structures and some of theseRead MoreEssay On Social Entrepreneur1602 Words à |à 7 PagesIntroduction Entrepreneurs support economic activity and growth entrepreneurial process requires capabilities, such as skills, decision-making and business acumen technology entrepreneurs: the danger is having exclusive focus on the product or service without due consideration to whether it addresses a real market problem with customers who would be willing to pay for it. Schumpeter (1965): ââ¬Å"individuals who exploit market opportunity through technical and/or organization innovationâ⬠Drucker (1985):Read MoreB2B And B2C Marketing Strategies Essay1379 Words à |à 6 PagesMarketing is an integral part of any business operation, regardless of platform or environment (brick and mortar versus virtual); type of product sold or service rendered and target market. With the advent of Internet technology, new business models or sites such as business-to-business (B2B) and business-to-consumer (B2C), have emerged which require the employment of different marketing strategies and tools to attract and retain customers. The following sections will provide a comparison of theRead MoreEssay about Business-Level and Corporate-Level Strategy1104 Words à |à 5 PagesIntroduction Knowing your business-level and corporate-level strategy can maximize the life of your organization. The business-level strategy focus on creating a value offering that is appealing to consumers while also being cost-effective. The business-level strategies determine who they will serve, what product or service will meet the needs of their targeted customers, and how they will keep their customers satisfied (Harvard, 2012). Corporate-level strategies help drive an organization andRead MoreBusiness Strategy That Drives Operational Capabilities1211 Words à |à 5 Pagesbecause of the fact that they design their operations to support the companyââ¬â¢s business strategy. These firms take the necessary steps to ensure that production operations are suited for the intended target markets. Production Operations can be defined as the special ability that production does well in order to outperform its competition, whether through offering quality, flexibility, low cost, or durable prod ucts/services. Toyota Motor Corporation a globally recognized leader in the automotive industriesRead MoreStudy of Loyalty Programs1278 Words à |à 6 PagesShoppers Stop and Pantaloons. â⬠¢ Are these programs really effective in enhancing the customer experience. â⬠¢ How much profitable does the loyalty programs prove to be, for a customer centric apparel retailer. Most customers hold several loyalty cards of competing retailers. Past studies looking into the impact of card ownership on store loyalty showed mixed results. Loyalty cards are effective only when customers value the rewards associated with them. This research is being done to investigateRead MoreStrategic Management and Business Strategy1247 Words à |à 5 PagesChap 2 1. Compare and contrast the characteristics of the operational, managerial, and executive levels of an organization. Interactions with customers * Functional managers * Monitor and control operational-level activities * The president, CEO, vice presidents, board of directors 2. Compare and contrast automating and learning Automating: Doing Things Faster Organizational Learning: Doing Things Better Supporting Strategy: Doing Things Smarter 3. DiscussRead MoreB2B Marketing Paper1266 Words à |à 6 Pagesmajor differences between business marketing and consumer marketing? Which of these differences do you believe are the most important? Support your position with reference to an example of a company chosen from one of the following industries: Although business markets and consumer markets share common values and theories, they differ in the way that they function in their respective markets. Organisations need to ensure they understand what makes up a consumer and business market as well as the
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