Examples of effective business strategies
Posted: Sun Jan 19, 2025 5:13 am
Let's look at the most successful business strategies of well-known companies that can be adopted as the most effective and successful.
Ford
It is commonly believed that Henry Ford's success in competing with other automobile manufacturers is due solely to the invention of the assembly line. However, this is a misconception, as Ford did not invent assembly on a flow line or pioneer its use.
Ford Company
The company's success was due to a number of original solutions:
thanks to the focus on architect data package producing one high-quality car, production and logistics processes were simplified;
higher wages than competitors allowed us to attract the best personnel;
quality control and employee training systems were introduced;
The company opened repair shops across America;
a logistics system with a sufficient number of distribution stations made it possible to establish timely supplies of spare parts to service centers;
The repair shop personnel underwent training in special courses.
This example shows how important business strategy is to winning the competition and the success of a company.
How to make a pub great?
In the 1990s, British mathematician and psychologist Don Clifton and his colleagues conducted a two-stage study to answer the question of how the best pub differs from the average one. The scientists were not satisfied with the banal answer: "Beer, of course!"
Researchers surveyed owners, staff and customers at hundreds of Britain's best pubs to find out why they are the best. So what did they conclude?
The best pubs may have had very little in common. Some were prized by customers for their atmosphere, others for their good service, others for their quality beer, but when researchers tried to identify a common feature, they hit a dead end.
Later Gallup studies of doctors, salespeople, and teachers showed that the most successful of them did not have just one trait. They had a unique set of professional qualities, at least one of which was brought to a particularly high level.
What we can conclude from this is that success in business or career does not require you to be ahead of your competitors in every way. It is much more important to do one thing much better than they do.
Intel
This company was the leader in the microcircuit market in the 80s of the last century. It was necessary to look for options for changing the profile "thanks" to Japanese manufacturers, who began to produce cheaper and higher-quality products.
Intel's management faced a choice: reduce prices and try to win the fight for markets with the Japanese, or switch to producing microprocessors that the company's specialists had invented.
Intel Employee Loyalty
Ford
It is commonly believed that Henry Ford's success in competing with other automobile manufacturers is due solely to the invention of the assembly line. However, this is a misconception, as Ford did not invent assembly on a flow line or pioneer its use.
Ford Company
The company's success was due to a number of original solutions:
thanks to the focus on architect data package producing one high-quality car, production and logistics processes were simplified;
higher wages than competitors allowed us to attract the best personnel;
quality control and employee training systems were introduced;
The company opened repair shops across America;
a logistics system with a sufficient number of distribution stations made it possible to establish timely supplies of spare parts to service centers;
The repair shop personnel underwent training in special courses.
This example shows how important business strategy is to winning the competition and the success of a company.
How to make a pub great?
In the 1990s, British mathematician and psychologist Don Clifton and his colleagues conducted a two-stage study to answer the question of how the best pub differs from the average one. The scientists were not satisfied with the banal answer: "Beer, of course!"
Researchers surveyed owners, staff and customers at hundreds of Britain's best pubs to find out why they are the best. So what did they conclude?
The best pubs may have had very little in common. Some were prized by customers for their atmosphere, others for their good service, others for their quality beer, but when researchers tried to identify a common feature, they hit a dead end.
Later Gallup studies of doctors, salespeople, and teachers showed that the most successful of them did not have just one trait. They had a unique set of professional qualities, at least one of which was brought to a particularly high level.
What we can conclude from this is that success in business or career does not require you to be ahead of your competitors in every way. It is much more important to do one thing much better than they do.
Intel
This company was the leader in the microcircuit market in the 80s of the last century. It was necessary to look for options for changing the profile "thanks" to Japanese manufacturers, who began to produce cheaper and higher-quality products.
Intel's management faced a choice: reduce prices and try to win the fight for markets with the Japanese, or switch to producing microprocessors that the company's specialists had invented.
Intel Employee Loyalty