Cost containment is the practice of ensuring that expenses do not exceed revenue. By monitoring expenses and reducing them in a controlled manner, companies can reduce their risk and ensure profitability.
Read more ...As the world has locked down to combat the dreaded pandemic, it has done so in conjunction with a massive drop in consumer spending. In fact, over the past few months take up of common household goods have dropped by 22%. This is a particularly concerning finding as it suggests potential market penetration for brands aiming for high levels of growth. This year's global consumer sentiment index has been a rollercoaster: we saw one of the lowest levels ever recorded, while the second quarter of 2020 was actually the most optimistic period in history – and we’re expecting another downward shift in 2021. With that said, things are starting to look up for the rest of 2020 – here are all 5 consumer trends you need to know, to help you plan your marketing strategy for the rest of 2020 and beyond.
Read more ...The traditional vs. agile software development method is a question that swims in the minds of all the developers. However, this decision is not easy because you have to consider at least two aspects: the project scope, and its complexity. There are only some factors that can help you to choose one or another method. In this article, we will explain how to choose the best method for your team based on those factors. Agile software development is a project management model that streamlines the whole process of making a software. The idea behind agile approaches is that they allow the team to focus on building the right product at the right time and in a cost-effective way. In short, agile projects provide flexibility and predictability to help teams set clear goals and manage change throughout the entire project lifecycle. Are you struggling with the decision of moving to a more agile approach in your software development? Do you still wonder whether an agile software development approach is right for your project? No worries! Newwave Solutions prepared this exclusive guide for you. In it, we'll tell you the benefits of an agile approach and describe how agile approaches can help you overcome some of those challenges so that your software development can be more flexible, less error-prone, and faster.
Read more ...Agile vs waterfall project management is an argument that’s been around for a long time.
Read more ...It is vital for businesses to provide a good customer experience if they want to stay competitive. By focusing on the customer journey, understanding customers' needs and expectations, and providing excellent service throughout their interactions with your business, you can ensure that each of your customers has an enjoyable experience. Investing in quality customer service is always worth it as it increases satisfaction and loyalty among your customers, which will result in increased revenue over time. With these tips in mind, you are ready to create the perfect customer experiences for all of your customers.
Read more ...The term agile is a project management method that rewards small, frequent improvements over large and infrequent changes.
Read more ...As a market research professional, you're tasked with probing consumers and other key target audiences to better understand their preferences and needs. You collect data through a variety of different methodologies—from surveys, to focus groups, to interviews—and then analyze the information you've gathered so that it can be used to help guide decision-making processes at organizations from start-ups to multinational corporations.
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