product and service strategy example

the strategy element of the business plan describes how your products or services will be sold, the target markets you will sell to, the marketing message you intend to use to convince customers to purchase from you, and the methods you will use to deliver this message. describe how you will get your products or services in front of target customers. as the products become more popular and the brand name better known, the owner could begin wholesaling the products to specialty food stores or upscale grocery markets. present a clear picture of who your best customers are or will be. the more you know about what actually motivates them to purchase, the more precise your marketing message can be. when choosing among vendors of a product or service, potential customers compare their perceptions of the advantages and disadvantages of each company’s products and services. they consider the features or benefits that are important to them and try to identify the company that most closely meets their needs.

how your products are priced relative to competitors is one aspect of positioning, but other features are important to customers’ decision making as well. in your business plan you describe why the benefits of your products and services are powerful enough to give you a competitive advantage. this is your marketing message. explain the reasoning behind the platforms you chose to deliver your marketing message. choosing poorly can mean wasting precious marketing dollars and losing opportunities to acquire customers. as you write this section of your plan, look at what methods work best for your most successful competitors. you may find, for example, that your target markets respond well to receiving email notifications of specials or discounts you are offering.

when serving the public by providing goods or services, companies should be willing to take and address criticism and complaints along with accepting praise. with this in mind, it makes excellent business sense for companies to strive to find and make consistent use of sterling customer service strategies. therefore your employees must understand the company’s vision regarding customer service and comply with it to the best of their ability. acknowledging and rewarding employees’ ability to be a part of the company’s vision of a strong customer service strategy will further reinforce their behavior; it will help them to feel like a part of the process and that their valuable skills are appreciated. moving to resolve customer problems quickly, efficiently and courteously leaves the best impression and makes the customer feel that his business is appreciated.

keep some of the following tips in mind when dealing with and resolving customer complaints: companies should be willing to listen to complaints and even welcome constructive criticism, since understanding flaws can help companies to improve their product or service. any form of feedback can only help companies assess their customers’ satisfaction and likelihood to do business with them again. it is important to keep in mind that customers’ needs and desires are not static, so companies must frequently repeat the process of soliciting feedback. companies should be proud of their commitment to customer satisfaction and make sure it is a well-known fact about their operations. after all, businesses don’t just sell the main product or service they provide – they sell their customer service, as well. promoting devotion to customer satisfaction through the company’s website, direct mail, print and/or television or radio advertisement further communicates the company’s priority of a strong customer service strategy.

for example, a gourmet candy maker could start out by marketing at gourmet food fairs as well as selling the products through the company’s website. as the products become more popular and the brand name better known, the owner could begin wholesaling the products to specialty food stores or upscale grocery markets. product strategy consists in offering the right consumer goods and services to the right target audience. product strategy includes quality, new product, package design, brand names, research and development. the goal of product strategy is to develop products that will meet buyer expectation. in pure service businesses any transfer of a physical or concrete product is incidental to the service—for example, the, product and service strategy pdf, product and service strategy pdf, types of product and service strategy, product and service strategy ppt, product strategy example.

strategy. prof. p.v. (sundar) balakrishnan. 2. what is a product? a product example – language of the customer:. example: general motors is having cars to sell in all the segments of market, coca-cola, ibm/ example: product strategy we build quality kitchen hardware for residential kitchen customers. our customers are young, product service strategy business plan, product or service strategic decisions, product strategy template, types of product strategy, customer service strategy, service strategy marketing, product strategy framework, elements of product strategy

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