The biggest mistake organisationscan make is failing to adapt their business to address the new reality of themarket and their customers’ highly discerning needs.
The biggest mistake organisationscan make is failing to adapt their business to address the new reality of themarket and their customers’ highly discerning needs.
With tighter margins, evaporating lines of credit and a lot lessinternal resources and staff available than before the downturn, the pressureto perform is more intense than ever.
Competition has also intensified as a result of these changingconditions. The current market pressure has forced businesses to become moreopportunistic, placing huge emphasis on pricing and discounting in an effort toget ahead of their competitors.