networking

Social business is not a advertising strategy or a technology roadmap but rather a method or philosophy of how business could possibly be done in another way…in a much more human manner. Let’s begin with Altimeter’s definition of a successful Social Business Strategy (SBS). It is one that aligns with the strategic business objectives and has alignment and assist all through the organization. Before devising a competitive strategy, one wants to evaluate all strengths, weaknesses, opportunities, threats in the trade after which go ahead which might give one a aggressive benefit. Understanding competition, studying buyer wants, evaluating their strengths & weak spot etc are all an essential facet of selling strategy.

Companies can research & evaluate on the idea of their market share, SWOT analysis and so forth, which might finally help them drive business & sales revenue. Michael Porter defines three strategy types that can attain aggressive benefit. These …