Fast-moving consumer goods (FMCG) companies have been around for decades, delivering essential products that we use every day. However, with the rise of digitalization, these firms are transforming their operations to keep up with modern trends and meet customer demands. The FMCG sector is now leveraging various technologies like Artificial Intelligence (AI), Internet of Things (IoT), and Big Data analytics to improve efficiency, production processes, and supply chains. In this article, we explore how FMCG firms are digitally transforming themselves and the benefits they reap from it. Let's dive in!
Read more ...Are you struggling to get ahead of your competitors in the market? Well, fear not as competitor analysis is here to help! By analyzing what your competitors are doing, you can gain valuable insights into their strategies and tactics. This will help you make better decisions for your own business and ultimately give you an edge over them. In this article, we’ll dive deep into how to do competitor analysis and provide examples of how successful companies have leveraged it to their advantage.
Read more ...The answer to this question can vary depending on who you ask – and the kind of business you own. For example, a company that engages in aggressive marketing tactics but doesn't have any competitors should be able to get away with a more discrete approach. However, if your business has many rivals, it might be more appropriate to think strategically about how you're going to stand out from the competition. Regardless of which strategy you choose, though, there are five important things that you should consider before diving head first into any marketing campaign.
Read more ...In the business world, consumer psychology research helps firms improve their products, services and marketing strategies in order to bolster sales. Consumer psychology is a growing discipline, fuelled primarily by corporate interest and funding.
Read more ...Traditional BI solutions have grown progressively more complex and costly over the last decade. They also require users to be formally trained as well as managed. These issues are compounded by the lack of a comprehensive solution for every industry, use case and size environment. In this era of big data, it is crucial to understand what makes a business intelligence framework so successful — and understand how you can adopt and leverage it in your own organization.
Read more ...According to a survey, Gen Z (born after 2000) is a group that is more open-minded and creative in their thinking, but also has less sense of control over the work environment and has more difficulties in dealing with conflicts. Compared with Gen Y (born after 1980), Gen Z has more opportunities for growth and development. However, on some aspects such as working style there is still a gap between them and their peers because of frequent changes in working environment, which will affect their awareness of corporate culture and social pressure.
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