We all know these businesses need to face severe competition from their competitors and in order to become a favorite of it's customers they need to keep improving the quality and the day they compromise with quality customers will switch to another brand so they need to keep improving because if they don't then they may not survive for a long duration.
In Order to Earn Businesses Need to Keep Improving?
- Thread starter Hate2Wait
- Start date
It's a no-no of downgrading. It is always upgrade or improvement. You are correct, the time they compromise the recipe or anything on their product, customers will surely notice it and if that happens, goodbye to loyal customers.
- Thread starter
- #3
It's the way and if they don't like to keep up with the quality they Will suffer losses
That is true. I agree with you
They should stick to their core. If people don't see that and notice change in away that degrades their product, they suffer losses for sure.
- Thread starter
- #5
Yes many brands have suffered due to this because we expect good quality and like to pay even extra for thatThat is true. I agree with you
They should stick to their core. If people don't see that and notice change in away that degrades their product, they suffer losses for sure.
It is good to improve your business because the needs of consumers change from time to time.
Indeed, businesses need to stay alert of the market situation and offer products and services which meet with the customer's expectations.
Growth and improvements is a basic features of life. A business has to grow too. It can't stay stagnant for a long time else it would lose relevance.
Constantly upgrading your products or services is a big win for both the customer and the business. Mostly these upgrades are done by young business owners. They come with a fresh way of doing things snd they constantly upgrade to keep up with the developments happening. I have seen companies ran by elderly fail because they believe in the doing things the old outdated way and they end up losing clientele due to this.
What you have stated here is absolutely true, when you enter a market, you will definitely have a great number of competitors and thus people will have options to switch to incase your business isn't improving every single day.
It is true that business needs to keep improving if it is managed well.
