article thumbnail

6 ways to jump-start business growth in 2022

ACT

For one thing, widely reported snags in the global supply chain have hit small businesses harder than others. Many have to scramble to find new suppliers as larger companies buy up available quantities of just about everything from cardboard to food containers. . Market segmentation is another small business growth strategy.

article thumbnail

9 Unexpected Reasons Why Key Account Management is Important

Account Manager Tips

Importance of key account management Existing business is cheaper and more profitable than new business. Account growth, renewals and advocacy are difficult for indirect suppliers because procurement focus on spend management. A good fit for your solution and aligned to your culture and business strategy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Identify Key Accounts: A Quick Guide to Getting it Right

Account Manager Tips

Harmony Score clients based on how well they fit your solution, your culture and your business strategy. Is your solution a good fit and does it meet your clients’ needs compared to other suppliers? To what extent will your customers invest in the relationship and view you as a strategic supplier? Culture of innovation.

article thumbnail

What are the 3 types of CRM? Recommendations, examples and best practice tips

SuperOffice

An analytical CRM will help you gather data, insights and information for you to take action and fuel business growth. Sales : Use the operational CRM to automate steps in your sales process , such as meetings and follow-up emails. Let’s take a closer look at each type of CRM. Analytical CRM.

CRM 136
article thumbnail

What is Enterprise Resource Planning (ERP)

Apptivo

Improve supplier negotiations backed by analytics. There are a lot of repetitive tasks that an ERP system can help automate; the advantage of which is that it minimizes human error and also eliminates the need to employ more people at the same rate as business growth. Minimizes underbuying and overbuying. The Sales module.

article thumbnail

Unlock Business Potential with Effective Stakeholder Mapping?

Arpedio

Unlock Business Potential with Effective Stakeholder Mapping Improve your critical stakeholder relationships ← Back to blog As businesses strive to achieve growth and success, many overlook the untapped potential of effective stakeholder mapping. This can lead to increased customer satisfaction, loyalty, and retention.

article thumbnail

Land and Expand: Strategy for Sustained Growth

Arpedio

Moreover, establishing a foothold provides businesses with an opportunity to test the waters and fine-tune their products or services to meet the specific needs of the target market. By gathering data and insights, businesses can make informed decisions about which markets to target and tailor their offerings to meet specific needs.