Category: Business Strategy

Business strategy is the compass that guides towards their objectives and helps the challenges they faced. In the dynamic landscape of today’s business world, success is not merely a matter of chance or circumstance. It is a product of careful planning, meticulous execution, and a well-defined business strategy. In this article, we will delve into the intricacies of business strategy, strategic management, and the strategic planning process, exploring how these elements contribute to the long-term success of businesses.

Understanding Business Strategy

At its core, a business strategy is a comprehensive plan that outlines an organization’s goals and the means to achieve them. It’s the roadmap that helps companies stay focused, allocate resources efficiently, and adapt to ever-changing market conditions. A well-crafted business strategy takes into account an organization’s strengths and weaknesses, market opportunities and threats, and the competitive landscape.

Strategic Management: The Key to Effective Business Strategy

Strategic management is the process by which organizations formulate, implement, and evaluate their business strategies. It involves a series of steps that ensure the alignment of an organization’s activities with its strategic objectives. Let’s break down the key components of strategic management:

• Strategy Formulation: This initial step involves assessing an organization’s internal and external environment. It requires an in-depth analysis of the company’s strengths, weaknesses, opportunities, and threats and involves setting clear objectives. A robust business should leverage an organization’s strengths and capitalize on market opportunities while mitigating weaknesses and addressing potential threats.

• Strategy Implementation: Once a strategy is formulated, it must be

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Monitoring sales is not an easy matter. Especially if the sales team has a large number. To make it easier to monitor, sales managers usually prefer to use the Customer Relationship Management platform. This is intended so that information is more centralized in the CRM application.

As one of the CRM, Saasten Technologies provides CRM Solutions. The technology that we provide can help increase sales up to 3x by increasing the customer experience through CRM Sales.

Why do sales need CRM?

Working in the field of CRM, Saasten Technologies really understands what pain points usually arise for the sales team, such as:

1. Low data visibility
2. The sales process is complicated and difficult to track
3. Sales difficulties to find customer information
4. Until sales often have difficulty prioritizing sales activities

The following are 10 reasons why sales need CRM:

 

Visibility of sales activities

The sales team usually does not only work with one customer information, but a lot of information that must be followed up. As a decision maker, the visibility of sales activities is definitely a normal thing. The visibility of the sales team can be seen by using a relationship management system.

Starting from call activities, emails sent, visits to geo locations to determine the point where the sales team makes the visit.

In conclusion, if the sales team has inputted information on sales activities, the sales manager can also monitor the team’s performance.

More professional with schedule planning

With a customer relationship management platform, it makes it … Read More