What are the different types of business level strategies?

A business strategy professional with her strong business acumen knows when and which business-level strategies to apply, so as to slice through the competition and gain an edge over its competitors.

But wait! What are business-level strategies?

The business-level strategy is defined as a strategy that addresses the basic question of how a business aims to compete in its particular industry. In simple words: A business-level strategy helps businesses differentiate themselves from their competitors.

While it may be easy to understand the whats and hows of business-level strategy, the complication arises when one has to choose the type of business strategy that will help the organization to stay ahead of its competition.

Business Strategy – Business Level Strategies for Astounding Success!

As a business strategy professional, it is important to know that while there are numerous business-level strategies – the key is to find the right business strategy that will help your business gain added advantage over your competitors. As discussed there are numerous business-level strategies – let’s have a look at the five important ones –

1. Cost leadership strategy: This business strategy competes with a broad range of businesses based on cost.
2. Differentiation strategy: It competes by using a product or service with completely unique features.
3. Focused differentiation: This type of business-level strategy not only competes through differentiation but also (uniqueness of product/service) but also selects a small portion of the market on which it lays its focus.
4. Focused low-cost: This type of strategy competes not only through cost but also by selecting a small portion of the market that needs to be focused.
5. Integrated low-cost differentiation: It is a business strategy that competes by using both low cost and differentiation.

#business strategy professional #business strategy #business #strategy

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What are the different types of business level strategies?

A business strategy professional with her strong business acumen knows when and which business-level strategies to apply, so as to slice through the competition and gain an edge over its competitors.

But wait! What are business-level strategies?

The business-level strategy is defined as a strategy that addresses the basic question of how a business aims to compete in its particular industry. In simple words: A business-level strategy helps businesses differentiate themselves from their competitors.

While it may be easy to understand the whats and hows of business-level strategy, the complication arises when one has to choose the type of business strategy that will help the organization to stay ahead of its competition.

Business Strategy – Business Level Strategies for Astounding Success!

As a business strategy professional, it is important to know that while there are numerous business-level strategies – the key is to find the right business strategy that will help your business gain added advantage over your competitors. As discussed there are numerous business-level strategies – let’s have a look at the five important ones –

1. Cost leadership strategy: This business strategy competes with a broad range of businesses based on cost.
2. Differentiation strategy: It competes by using a product or service with completely unique features.
3. Focused differentiation: This type of business-level strategy not only competes through differentiation but also (uniqueness of product/service) but also selects a small portion of the market on which it lays its focus.
4. Focused low-cost: This type of strategy competes not only through cost but also by selecting a small portion of the market that needs to be focused.
5. Integrated low-cost differentiation: It is a business strategy that competes by using both low cost and differentiation.

#business strategy professional #business strategy #business #strategy

Best Electric Bikes and Scooters for Rental Business or Campus Facility

The electric scooter revolution has caught on super-fast taking many cities across the globe by storm. eScooters, a renovated version of old-school scooters now turned into electric vehicles are an environmentally friendly solution to current on-demand commute problems. They work on engines, like cars, enabling short traveling distances without hassle. The result is that these groundbreaking electric machines can now provide faster transport for less — cheaper than Uber and faster than Metro.

Since they are durable, fast, easy to operate and maintain, and are more convenient to park compared to four-wheelers, the eScooters trend has and continues to spike interest as a promising growth area. Several companies and universities are increasingly setting up shop to provide eScooter services realizing a would-be profitable business model and a ready customer base that is university students or residents in need of faster and cheap travel going about their business in school, town, and other surrounding areas.

Electric Scooters Trends and Statistics

In many countries including the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, India, Brazil and Mexico and more, a growing number of eScooter users both locals and tourists can now be seen effortlessly passing lines of drivers stuck in the endless and unmoving traffic.

A recent report by McKinsey revealed that the E-Scooter industry will be worth― $200 billion to $300 billion in the United States, $100 billion to $150 billion in Europe, and $30 billion to $50 billion in China in 2030. The e-Scooter revenue model will also spike and is projected to rise by more than 20% amounting to approximately $5 billion.

And, with a necessity to move people away from high carbon prints, traffic and congestion issues brought about by car-centric transport systems in cities, more and more city planners are developing more bike/scooter lanes and adopting zero-emission plans. This is the force behind the booming electric scooter market and the numbers will only go higher and higher.

Companies that have taken advantage of the growing eScooter trend develop an appthat allows them to provide efficient eScooter services. Such an app enables them to be able to locate bike pick-up and drop points through fully integrated google maps.

List of Best Electric Bikes for Rental Business or Campus Facility 2020:

It’s clear that e scooters will increasingly become more common and the e-scooter business model will continue to grab the attention of manufacturers, investors, entrepreneurs. All this should go ahead with a quest to know what are some of the best electric bikes in the market especially for anyone who would want to get started in the electric bikes/scooters rental business.

We have done a comprehensive list of the best electric bikes! Each bike has been reviewed in depth and includes a full list of specs and a photo.

Billy eBike

 https://www.kickstarter.com/projects/enkicycles/billy-were-redefining-joyrides

To start us off is the Billy eBike, a powerful go-anywhere urban electric bike that’s specially designed to offer an exciting ride like no other whether you want to ride to the grocery store, cafe, work or school. The Billy eBike comes in 4 color options – Billy Blue, Polished aluminium, Artic white, and Stealth black.

Price: $2490

Available countries

Available in the USA, Europe, Asia, South Africa and Australia.This item ships from the USA. Buyers are therefore responsible for any taxes and/or customs duties incurred once it arrives in your country.

Features

• Control – Ride with confidence with our ultra-wide BMX bars and a hyper-responsive twist throttle.
• Stealth- Ride like a ninja with our Gates carbon drive that’s as smooth as butter and maintenance-free.
• Drive – Ride further with our high torque fat bike motor, giving a better climbing performance.
• Accelerate – Ride quicker with our 20-inch lightweight cutout rims for improved acceleration.
• Customize – Ride your own way with 5 levels of power control. Each level determines power and speed.
• Flickable – Ride harder with our BMX /MotoX inspired geometry and lightweight aluminum package

Specifications

• Maximum speed: 20 mph (32 km/h)
• Range per charge: 41 miles (66 km)
• Maximum Power: 500W
• Motor type: Fat Bike Motor: Bafang RM G060.500.DC
• Load capacity: 300lbs (136kg)
• Battery type: 13.6Ah Samsung lithium-ion,
• Battery capacity: On/off-bike charging available
• Weight: w/o batt. 48.5lbs (22kg), w/ batt. 54lbs (24.5kg)
• Front Suspension: Fully adjustable air shock, preload/compression damping /lockout
• Rear Suspension: spring, preload adjustment
• Built-in GPS

Why Should You Buy This?

• Riding fun and excitement
• Better climbing ability and faster acceleration.
• Ride with confidence
• Billy folds for convenient storage and transportation.
• Shorty levers connect to disc brakes ensuring you stop on a dime
• belt drives are maintenance-free and clean (no oil or lubrication needed)

**Who Should Ride Billy? **

Both new and experienced riders

**Where to Buy? **Local distributors or ships from the USA.

Genze 200 series e-Bike

 https://www.genze.com/fleet/

Featuring a sleek and lightweight aluminum frame design, the 200-Series ebike takes your riding experience to greater heights. Available in both black and white this ebike comes with a connected app, which allows you to plan activities, map distances and routes while also allowing connections with fellow riders.

Price: $2099.00

Available countries

The Genze 200 series e-Bike is available at GenZe retail locations across the U.S or online via GenZe.com website. Customers from outside the US can ship the product while incurring the relevant charges.

Features

• 2 Frame Options
• 2 Sizes
• Integrated/Removable Battery
• Throttle and Pedal Assist Ride Modes
• Integrated LCD Display
• Connected App
• 24 month warranty
• GPS navigation
• Bluetooth connectivity

Specifications

• Maximum speed: 20 mph with throttle
• Range per charge: 15-18 miles w/ throttle and 30-50 miles w/ pedal assist
• Charging time: 3.5 hours
• Motor type: Brushless Rear Hub Motor
• Gears: Microshift Thumb Shifter
• Battery type: Removable Samsung 36V, 9.6AH Li-Ion battery pack
• Battery capacity: 36V and 350 Wh
• Weight: 46 pounds
• Derailleur: 8-speed Shimano
• Brakes: Dual classic
• Wheels: 26 x 20 inches
• Frame: 16, and 18 inches
• Operating Mode: Analog mode 5 levels of Pedal Assist Thrott­le Mode

Norco from eBikestore

 https://ebikestore.com/shop/norco-vlt-s2/

The Norco VLT S2 is a front suspension e-Bike with solid components alongside the reliable Bosch Performance Line Power systems that offer precise pedal assistance during any riding situation.

Price: $2,699.00

Available countries

This item is available via the various Norco bikes international distributors.

Features

• VLT aluminum frame- for stiffness and wheel security.
• Bosch e-bike system – for their reliability and performance.
• E-bike components – for added durability.
• Hydraulic disc brakes – offer riders more stopping power for safety and control at higher speeds.
• Practical design features – to add convenience and versatility.

Specifications

• Maximum speed: KMC X9 9spd
• Motor type: Bosch Active Line
• Gears: Shimano Altus RD-M2000, SGS, 9 Speed
• Battery type: Power Pack 400
• Battery capacity: 396Wh
• Suspension: SR Suntour suspension fork
• Frame: Norco VLT, Aluminum, 12x142mm TA Dropouts

Bodo EV

http://www.bodoevs.com/bodoev/products_show.asp?product_id=13

Manufactured by Bodo Vehicle Group Limited, the Bodo EV is specially designed for strong power and extraordinary long service to facilitate super amazing rides. The Bodo Vehicle Company is a striking top in electric vehicles brand field in China and across the globe. Their Bodo EV will no doubt provide your riders with high-level riding satisfaction owing to its high-quality design, strength, breaking stability and speed.

Price: $799

Available countries

This item ships from China with buyers bearing the shipping costs and other variables prior to delivery.

Features

• Reliable
• Environment friendly
• Comfortable riding
• Fashionable
• Economical
• Durable – long service life
• Braking stability
• LED lighting technology

Specifications

• Maximum speed: 45km/h
• Range per charge: 50km per person
• Charging time: 8 hours
• Maximum Power: 3000W
• Motor type: Brushless DC Motor
• Load capacity: 100kg
• Battery type: Lead-acid battery
• Battery capacity: 60V 20AH
• Weight: w/o battery 47kg

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Steps for an Effective Business Intelligence Implementation Strategy | CustomerThink

It is widely accepted that when English Banker, Sir Henry Furnese increased his profits after gathering information way back in the 1800s, the term Business Intelligence was coined.

Imagine you are the captain of a ship that has a broken compass and no way to navigate towards your destination. It is how many businesses operate, and then they lament the fact that their business isn’t ‘going anywhere.’ Business intelligence tools let you know whether your business is on the right track or not.

Business Intelligence is a necessity now as companies cannot survive without gaining critical information about their business. BI analyzes past and current data to predict future trends.

BI combines internal as well as external data to provide various insights to businesses like which product to launch and when, which demographic market to target first, and analyze their marketing efforts. BI acts as a roadmap to lead your business towards success. Thus, just like effective Big Data Analytics Services, BI too provides the roadmap for the businesses to get started but as the businesses progress and reach greater heights the amount of data will be huge and thereafter the effective implementation will require the application of Big Data technology as Business Intelligence. implementation will require the application of Big Data technology as Business Intelligence.

Now that you have understood the importance of business intelligence tools, we shall proceed towards knowing how to implement an effective BI strategy.

Steps to implement a Conducive BI Strategy
Think long-term
Understand that Business Intelligence (BI) will not deliver quick results. Like any other system, you will need to inculcate many changes both into systems and people before you start seeing tangible results. Do not fall into the trap of expecting fast results as if you try to speed-up the process, then there are chances that you will implement the wrong tools in the wrong place.
You will get guaranteed results in BI implementation, and it’s just that the process will be slow and gradual. Integrating BI into your system should be like wine tasting, slow.
You will need to think about the timeliness, relevance, and consistency of the BI project module before going ahead with its implementation.

Have clear objectives
Before implementing a BI strategy, it is essential to know what you want to accomplish. You need to have a clear vision of how your Business Intelligence strategy will impact your business. Your view should be broad enough that anybody can understand it and at the same time it should also be concise enough so that people have detailed road maps to follow.

Ask the question of what tools/strategies do I need to apply so that my business moves up the success ladder?

Analyze the current state of data
Examine your existing data sources and ascertain which sources will help craft a robust BI strategy. Understand that all your data sources won’t prove valuable in your quest towards that perfect BI system. You need to identify the best data sources and take a good hard look to select the best data sources that will prove valuable.

While analyzing the data, you need to evaluate how the data is stored and how it is shared. You might need to innovate and look at new storage options as well as data sharing options.

You also need to state a clear meaning of data sources to make sure that everybody is on the same page. For instance- the term “productivity” will mean different things to different people. To leverage the power of BI systems effectively, you will need to define a clear meaning of productivity to people of all the departments. There must be a shared understanding amongst your employees regarding the terminology in the BI system.

Another excellent example of problems created due to a lack of shared understanding would be the term “gross margin.” As the Sales and finance department calculates gross margin differently, their numbers may not match, creating difficulties.
Also Read: Role of Big Data in Business Success in this Age of Enterprise Mobility

Read more at: https://customerthink.com/steps-for-an-effective-business-intelligence-implementation-strategy/

#business-intelligence #business #business-strategy #business-success

How to start an electric scooter facility/fleet in a university campus/IT park

Are you leading an organization that has a large campus, e.g., a large university? You are probably thinking of introducing an electric scooter/bicycle fleet on the campus, and why wouldn’t you?

Introducing micro-mobility in your campus with the help of such a fleet would help the people on the campus significantly. People would save money since they don’t need to use a car for a short distance. Your campus will see a drastic reduction in congestion, moreover, its carbon footprint will reduce.

Micro-mobility is relatively new though and you would need help. You would need to select an appropriate fleet of vehicles. The people on your campus would need to find electric scooters or electric bikes for commuting, and you need to provide a solution for this.

To be more specific, you need a short-term electric bike rental app. With such an app, you will be able to easily offer micro-mobility to the people on the campus. We at Devathon have built Autorent exactly for this.

What does Autorent do and how can it help you? How does it enable you to introduce micro-mobility on your campus? We explain these in this article, however, we will touch upon a few basics first.

Micro-mobility: What it is

You are probably thinking about micro-mobility relatively recently, aren’t you? A few relevant insights about it could help you to better appreciate its importance.

Micro-mobility is a new trend in transportation, and it uses vehicles that are considerably smaller than cars. Electric scooters (e-scooters) and electric bikes (e-bikes) are the most popular forms of micro-mobility, however, there are also e-unicycles and e-skateboards.

You might have already seen e-scooters, which are kick scooters that come with a motor. Thanks to its motor, an e-scooter can achieve a speed of up to 20 km/h. On the other hand, e-bikes are popular in China and Japan, and they come with a motor, and you can reach a speed of 40 km/h.

You obviously can’t use these vehicles for very long commutes, however, what if you need to travel a short distance? Even if you have a reasonable public transport facility in the city, it might not cover the route you need to take. Take the example of a large university campus. Such a campus is often at a considerable distance from the central business district of the city where it’s located. While public transport facilities may serve the central business district, they wouldn’t serve this large campus. Currently, many people drive their cars even for short distances.

As you know, that brings its own set of challenges. Vehicular traffic adds significantly to pollution, moreover, finding a parking spot can be hard in crowded urban districts.

Well, you can reduce your carbon footprint if you use an electric car. However, electric cars are still new, and many countries are still building the necessary infrastructure for them. Your large campus might not have the necessary infrastructure for them either. Presently, electric cars don’t represent a viable option in most geographies.

As a result, you need to buy and maintain a car even if your commute is short. In addition to dealing with parking problems, you need to spend significantly on your car.

All of these factors have combined to make people sit up and think seriously about cars. Many people are now seriously considering whether a car is really the best option even if they have to commute only a short distance.

This is where micro-mobility enters the picture. When you commute a short distance regularly, e-scooters or e-bikes are viable options. You limit your carbon footprints and you cut costs!

Businesses have seen this shift in thinking, and e-scooter companies like Lime and Bird have entered this field in a big way. They let you rent e-scooters by the minute. On the other hand, start-ups like Jump and Lyft have entered the e-bike market.

Think of your campus now! The people there might need to travel short distances within the campus, and e-scooters can really help them.

How micro-mobility can benefit you

What advantages can you get from micro-mobility? Let’s take a deeper look into this question.

Micro-mobility can offer several advantages to the people on your campus, e.g.:

• Affordability: Shared e-scooters are cheaper than other mass transportation options. Remember that the people on your campus will use them on a shared basis, and they will pay for their short commutes only. Well, depending on your operating model, you might even let them use shared e-scooters or e-bikes for free!
• Convenience: Users don’t need to worry about finding parking spots for shared e-scooters since these are small. They can easily travel from point A to point B on your campus with the help of these e-scooters.
• Environmentally sustainable: Shared e-scooters reduce the carbon footprint, moreover, they decongest the roads. Statistics from the pilot programs in cities like Portland and Denver showimpressive gains around this key aspect.
• Safety: This one’s obvious, isn’t it? When people on your campus use small e-scooters or e-bikes instead of cars, the problem of overspeeding will disappear. you will see fewer accidents.

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What are the Roles and Responsibilities of a Strategy Manager

Developing business strategies to achieve the company’s goals is often challenging. For companies to grow, the business strategist must have objectives for growth with minimal risks. As a result, the individual is tasked with advising companies, building strategies to best achieve the set goals.

A business strategy defines the right tool to help a business reach its set goals by developing the right strategies and techniques within the company. Besides helping an organization make the right decisions a business strategist also takes full responsibility for developing strategies that stay in sync with the company’s vision.

Building the right strategy for the company is critically important to become successful. However, to get there the organization needs to start with a plan, identify the key steps required to reach business goals, identify the organization’s strengths and weaknesses. Once you identify the weaknesses you may start working with strategies that can help eliminate them and create strategies that can capitalize on the strengths of the organization. As a business strategist, you need to start allocating resources for business activities to make the organization more efficient. Such strategies keep you in control of the other ongoing activities. It also paves the right path for the company to reach business goals.

But what exactly is the role of a business strategy manager?

The strategy manager defines techniques and methods that are achievable for the company. The manager also looks at the company goals according to which an outline is created and action is taken. Most often, these managers get themselves engaged in formulating the goals for the organization. They get the opportunity in assisting the executives and decide the type of goals that seem realistic and can be proven beneficial for the organization.

#business strategy #business certifications #business #strategy