WISDOM DEVOTIONALS FOR PROFESSIONALS AND MARKETPLACE ( 1 )

WISDOM DEVOTIONALS FOR PROFESSIONALS AND MARKETPLACE ( 1 )

Proverbs 1:20-21
Wisdom shouts in the street,
She raises her voice in the markets
She calls out at the head of the noisy streets[where large crowds gather]. At the entrance of the city gates, she speaks her word.

Proverbs 11:1
The Lord detests dishonest scales
But accurate weights find favor with him.

Proverbs 16:11
Honest scales and balance belong to the Lord

In everyday business, we always have decisions to make. what differentiates one from another is the application of wisdom. That determines our approach in handling business ideas and many other structures that build a lasting institution.

 
Implementation of such an idea. it is important to know from whom such an idea is coming from. it is advisable if the idea is due to poll taken, market survey. If the idea came from a questionnaire taken from a customer, then market wisdom should be used. knowing that the product and service are going to benefit the consumers. Will yield enormous revenue.

Management decisions whether to approve or not.
Management meetings bring together the top officials in an organization. It is one of the most important periods that they decide on how to move the organization forward. Wisdom will teach. Such decisions should not be based on copying the procedure that works for another system. Trying to instill what organization A is implementing and which works for them. Wisdom will expect an organization to test their waters before swimming so as not to drown.


The salesforce, the product, the selling strategy of each company differs from another. So it will be wrong to use another company template to determine your own. The subordinates. the lower cadre that has one on one business contact with the customer. The field workers, the notable customers are all to be taken into consideration before concluding on any matter relating to the growth of the organization.


Determining which product and services to focus on. Big manufacturers that have so many products on their sleeves. it is the responsibility to decide on which product should be rolled out. wisdom in the marketplace will advise that it is helpful if the local organization goes abroad. Replicate the product seen there that will be of benefit to the community. Take the product or service which other companies refuse to harness and make the best of it. In business, this is benchmarking. where you can take the product of another company to brush it up and make it more valuable to your customers.

The selling power is fixing the competitive price. Having the price that meets the market expectation is very important. it will be disastrous if your product is so exorbitant and customers are finding it difficult to buy. It is wise to think of the buyer and be sure what you bring to the market is affordable and can compete with other manufacturers.


How to keep customers satisfied. Revisiting customers that have given you big sales before it is marketplace wisdom. When you have a customer who keeps visiting your store to buy one product or the other you should know that you are satisfying the customer one way or the other. it is wise to probe more to ascertain which area the organization is doing well and to keep at it. The continuous satisfaction of the customers is paramount. it will surely keep the revenue on the increase and that is going to yield immense growth.

How to identify the market structure. Identifying the way business plays out in the marketplace is about being relevant at all times. Either you are doing so well with your product or giving super service to your clients and you are on top of your game. Being in the limelight of your industry or you are trying out a new product. In an entrepreneur, new experiences generate new ideas and are the currency of entrepreneurs. Identifying new ideas creates room for transformation and trying out new opportunities.