What Are Results Oriented Work Environments?

Traditional management models no longer fit today’s technology. More employers give people the freedom to do their job, when and where they want. That’s as long as the work gets done. This is a management strategy called ROWE. It stands for Results Oriented Work Environment.

In ROWE, employees get paid for results rather than the number of hours worked. It begins to replace the 9-to-5 as it can increase productivity while lowering the work cost. So, it’s a win-win for both employers and employees.

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What Is Net Promoter Score and Why Measure It?

“How likely are you to recommend us to a friend or colleague?”

This is a common question we encounter in many surveys. While it may seem like a simple question, it’s important to calculate the Net Promoter Score. It’s now used by more than 2/3 of  Fortune 1000 companies and aims to measure customer loyalty. NPS also seeks to understand “Why?”. It allows customers to articulate what is most important to them. Their comments give context and depth to the score received.

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Five Questions to Ask in Creating a Market Need

Not everyone may want to buy what you’re selling. Marketing to everyone is a waste of time, effort, and money. One of the first steps in launching a startup is identifying your market. According to CB Insights, 42% of startups fail due to no market need for what they’re making. Those included in the 53% should ask these five questions to create a market need.

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Best Ways to Manage Cash Flow for Startups

Running out of cash is one of the quickest ways to go out of business. It’s listed by CB Insights as the number two reason for startup failures. Around 29% of startups who closed in 2018 failed because of inadequate funding. Managing cash flow is critical for every stage in the lifecycle of a company. Cash is the lifeblood of business but keeping track of money coming in and out can be a challenge. The key is to be smart in your spending. Learning to better manage cash flow management is a major factor in success.

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How to Increase Product Value?

Product Value is the worth of a good or service. To a company, the price of a product depends on its production costs. To a target customer, the cost must be weighed against its perceived value. Value seems a simple concept. Yet it can be complicated. Why does a BMW cost more than a Toyota but less than a Bentley? While there are certainly differences in production costs, technology, marketing and more, the biggest difference is the perception of the product value. This is why cars depreciate so quickly. That perception quickly fades and equalizes over time.

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