What are the Types of Price Elasticity of Demand? Avoid a Messed Up Pricing Formula 🛢️
What are the types of price elasticity of demand? Is your formula messing up your pricing decisions lately? For example, consider the influence that this famous business economics 101 chart still has on most business executives’ view of price and revenue management. Yes, there’s a…
Job Transformation Does Not Mean Job Replacement
We have heard some CEOs contest the longevity of the knowledge-based economy. As AI and digitisation takes a stronghold across most businesses and in nearly all industries, many CEOs are wondering if artificial intelligence will replace jobs. However, job transformation does not need to mean job…
These Teams Are The Best At Coming Up With Revenue Generating Ideas For Business 👌
The Australian talent market finds itself wrestling with a paradoxical situation: Embracing the idea of diversity and inclusion to drive innovation (and in our interest – revenue-generating ideas for business), on the one hand, while filtering out the very people it desperately needs to deliver complex…
Create a Strong Business and Sales Culture: Leaders Must Clean Up a Copycat Culture
Have you ever worked in a sales team or business culture and thought everyone including the business leaders, seem eerily alike? If you said yes, then you’re not alone. As a leader in your industry, how do you create a strong business culture? How can…
Does Your Sales Team Use Price Reduction to Meet Volume Targets?
Price reduction is a great way to shift stock and achieve volume targets. Yet, excessive discounting at the line level eats away margins and destroys profitability in the long run. Taylor Wells discusses some simple tricks of changing entrenched discounting habits in under a month (with…
