Question

Choose a company and explain an example of how customers use this company’s resources, services, or programs very differently? How does this impact the company’s managerial decision-making?

Answer 1

There are times when a company or business looks at how consumers' beliefs, services, or resources about the business operate and how they view their role in today's age. Generally, economists speculate that the key to a business is to make a profit. The American system focuses on merging, conveniently maximizing profits, and paying customers liability. Their decisions are financially sound.

I say that many companies show that they command customer resources that influence the consumer's mind. So the company's strategies give them a different approach to the employees they need, and customers. More importantly, the traditional view of a business does not consider their path to success. Such companies believe that business is an integral part of consumers and they say that consumers have been a pillar of the society since the time of industrialization. Some companies appear to be making money, but in choosing to do so, they consider sustainable business. They invest in creating awareness and creating customer needs.

A company or business needs resources, customers, services to keep it running. However, some companies are able to make short-term financial sacrifices if they do not conform to the values ​​of the organization. These values ​​mimic the importance of the company itself, such as the quality of the product, the nature of the customers it serves and the production process.

Thinking about a company or business as a social organization creates a lasting impression of the customer. That can support any short-term financial nature that customers need to achieve the company's purpose and sustain the company over time.

Management of service businesses knows that the customer business strategy of the service business is different from the management product. It discusses how the service business differs from the productive businesses and why they need strategic thinking. A service business is one in which only services are sold. Examples of pure service businesses include airlines, banks, plumbing repair companies, and management consulting companies.

For example, banks provide significant resources during the action period, possibly referred to as 'new product development'. Groups are formed regularly to provide new services, resources to customers. Product development or business has virtually no material basis for their business.