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Business Paradigm Shifting: A Quick 6-Step Guide to Remaining Relevant as Markets Change

Book by Hendrith Vanlon Smith Jr. · 8 quotes · Business Advice, Business Quotes, Organizational Change

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Business Paradigm Shifting: A Quick 6-Step Guide to Remaining Relevant as Markets Change Quotes

“Once the target market is identified, it’s really about putting the business in a position to provide superior value in the most efficient way to that target market thereby enabling the business to earn maximum profit in the exchange.”

“Business capabilities are relative to macro conditions. Based on differences in macro conditions, the economic worth of a capability could differ from one scenario to another.”

“A capability is a business’ ability to provide value to customers. A business can only deliver the value it is capable of delivering, and capabilities are key enablers of a business’ ability to exchange value with its target market.”

“Even a single macro change – like an increase in the price of gasoline due to geo-political tensions – can have tremendous effects on a business’ ability to provide value to its customers.”