In today’s competitive marketplace, customer experience (CX) has become the cornerstone of business success. Companies are investing heavily in strategies and technologies to ensure seamless, personalized, and efficient interactions with their customers. Among these, artificial intelligence (AI) and automation are playing a transformative role in […]
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In recent years, the workplace landscape has undergone a profound transformation with the widespread adoption of remote work. Remote work, also known as work-from-home, is a type of flexible working arrangement that allows an employee to work from a remote location outside of offices. This
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In the rapidly developing landscape of the digital age, cryptocurrencies and blockchain technology have emerged as transformative forces that are reshaping the way we perceive and engage with the virtual economy. As these technologies continue to mature, their impact is becoming increasingly profound, influencing various
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Why do businesses innovate their existing business models? Why did famous companies like IBM and Rolls Royce shake up their business models? For the simple reason that the business landscape is constantly changing, and sometimes, business model innovation becomes vital to surviving in a competitive
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Bangladeshi startups are suffering a steep fall in funding compared to last year. For example, by the third quarter of 2022, they raised $125 million in total, but in 2023, only $47 million has been raised so far. Out of the $47 million, $30 million
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It is essential for any business, ignoring its size or industry, to create and maintain a budget. A well-designed budget acts as a guide, directing financial decisions and ensuring efficient resource allocation. Despite good intentions, business owners can make common budget mistakes that can negatively
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A long tail business model involves selling many varieties of niche products, each in small quantities. This is a sharp contrast to conventional business models which focus on selling large quantities of a few best-selling products. This concept was postulated by Chris Anderson in 2004.
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Value Proposition refers to the benefits provided by a company to its customers. These benefits are imparted through the company’s products and services which solve problems faced by customers, or fulfill one or more of their needs. Some values are quantitative, like the price of
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A business model explains how a company generates value, or in other words, how it earns money. In the book Business Model Generation (2010), authors Osterwalder & Pigneur describe a business model as a strategy a business will execute through its organizational structures, processes and
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What is Business Valuation? Business valuation is the process of measuring the present value of a business. The meaning of the value of a business depends on the method of valuation used, as you will see later on in this article. Usually, a business needs
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