Tactics and Strategies (for a business) Essay Example | Topics and Well Written Essays - 750 words

Tactics and Strategies (for a business) - Essay Example Debts are an important strategy in providing financial support for the business. The use of equity should be substituted with debts which have a higher potential for financing the organization. Each of the shareholders needs to be aware of how they can generate value. The organization’s management should play the role of planning and incorporating decisions regarding finances and all the ventures that the organization undertakes, especially those involving cash flows in one way or another. It is important for the company to have wide-ranging customer strategies. These are significant in the improvement of customer value. It is important for the management to be capable of evaluating strategies involving customers, especially regarding the operating environment. Working with other companies in order to establish their manner of operation as well as the way they relate with customers is important in understanding how to create customer value. The organization should focus on all aspects of its operations especially regarding the manner through which customers’ opinions reach the management, as well as the manner through which customers receive response to their enquiries from the management. Understanding what competing companies are offering can help the organization to make a comparison in regard to customer satisfaction. After the management establishes whether the customers are satisfied, it is important to link this satisfaction to the company objectives in order to establish if they have been satisfied. Investing in research and development is important in ensuring that the organization is capable of branding and satisfying customers in general. Such strategies are important in the enhancement of value within the organization. Information technology is essential to any business that operates in the modern