Skip to main content

Types of Business Competition

 Types of Business Competition

 

In the past, the shop next door was a competition, but today the competition is in the form of a web store.

 

Ex- Annai supermarket vs Amazon

 

The competition was within the industry in the past, but today it comes from another sector.

 

Ex- Postal service vs Email

 

In the past, the competition was within the organised sector, and today it is from the unorganised sector. 

 

Ex- Restaurant vs Home Kitchen

 

In the past, the competition was about winning the customer, but today it is also about retaining employees.

 

Ex- SMEs/ MSMEs losing their employees to rural BPOs.

 

An entrepreneur is not only facing challenges in retaining and winning new customers but also the challenge of attracting and retaining the workforce.

 

It's time to study the good practices for attracting and retaining the workforce. There should be a big drive where the entrepreneurs should come together and brainstorm to evolve new strategies to retain and attract the workforce.

 

M.L. Narendra Kumar

 

 

 

Comments

Post a Comment

Popular posts from this blog

அப்பாற்பட்டது காவியம் காலத்துக்கு அப்பாற்பட்டது உண்மை உணர்ச்சிக்கு அப்பாற்பட்டது பெண்மை கடவுளுக்கு அப்பாற்பட்டது மனிதாபிமானின் மேதைக்கு அப்பாற்பட்டது தலைமை தலைவனுக்கு அப்பாற்பட்டது புரட்சி அரசியலுக்கு அப்பாற்பட்டது உறவுகள் உடமைக்கு அப்பாற்பட்டது அனுபவம் கல்விக்கு அப்பாற்பட்டது நடப்பு செல்வதற்கு அப்பாற்பட்டது எம் எல் . நரேந்திர குமார்
1 comment
Read more

Less than a Minute Life Lesson-2410 Promotion and Character

  Less than a Minute Life Lesson-2410 Promotion and Character Promotion is a form of recognition for your competency and character. However, the people below you will relate to you more for your character than your competency. M.L. Narendra Kumar Director Instivate Learning Solutions PVT LTD www.instivatelearning.in
Post a Comment
Read more
The Modes of Persuasion The modes of persuasion, often referred to as ethical strategies or rhetorical appeals, are devices in rhetoric that classify the speaker's appeal to the audience. They are: ethos, pathos, logos, and the less-used Kairos & telos The above model has been used by Advertisement agencies to grab the attention of the viewers and finally bring them to the purchase desk or use the cart in shopping sites. If we carefully examine the model, it has a sound application in running an effective training program too. Part-1-Ethos Application of the model in training program Ethos- Trainer Introduction There are organization where trainer and his credibility are introduced, but there are occasions where trainer does a self-intro and starts the program. In such occasions, we can request the client to handover a copy our profile to the participants along with course material. This will help the participants to know more about the trainer It is always bett...
Post a Comment
Read more