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Quiz Page 68 of 76 (PART THREE)

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  • Quiz Page 68 of 76 (PART THREE)

Quiz Page 68 of 76 (PART THREE)

  • Posted by Michael C. Fanning
  • Date May 16, 2023
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    Match the three scenarios to one of the three basic points:

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    • Maria has recently launched a meal kit delivery service startup. The industry is competitive and she understands how crucial it is to continue working on that innovative edge that helps a business to stand out. To do this she asks creative questions to gain further insights.
      Conducting focus groups which include her loyal customer base is one way in which she does this. During these sessions, she asks open-ended questions that encourage customers to share their experiences and opinions about meal kits. She also runs surveys, polls, and tracks social media conversations to gauge customer satisfaction and identify areas for improvement. Based on these insights, Maria iterates her product offering, constantly striving to meet her customers’ evolving needs.
      By means of her website, she offers customizable meal kit options that cater to different dietary preferences. It features a meal-building tool where users choose their protein, sides, or any other meal plan option. A subscription gives customers some flexibility and allows them save on cost. This approach to customer engagement has ensured that Maria has an established and loyal customer base in a competitive market.
    • Willem’s business model is built around providing customized social media and email marketing services to small business. His team of digital experts work closely with clients to develop personalized marketing strategies that align with their business goals. This entrepreneur understands the importance of customer feedback when it comes to creating a successful business model. In order to practically and effectively get the most out of this feedback, he has developed a system to actively gather feedback from his customers and employs his problem-solving skills to address their concerns. This system includes surveys which not only enables him to gauge customer satisfaction, but also gives him the feedback necessary for the enhancement of his service delivery. He has developed this system to help him categorize and track this feedback in order of urgency and importance. From this, he is better able to improve on areas of concern. Because of this, he has created the reputation for his business as a trusted service provider.
    • Lesedi runs a thriving boutique clothing store and understands why it is key to stay ahead of the curve and proactively identify fresh trends in order to remain relevant in a highly competitive industry. To do this, she often attends fashion shows and events to get inspired and keep in touch with emerging trends.
      She also engages closely with social media and popular fashion blogs to identify popular styles and preferences. Customer feedback is valuable to Lesedi, who makes it a point to communicate with her customers about her offerings. Her store offers affordable yet stylish and on-trend clothing that resonates with many people in her community through a spectrum of age groups. Creative questioning is a key component in helping her get into the minds of her customers.
      She acknowledges that it is only by means of such engagement that she is better able to perceive upcoming trends that will continue to grow her business and firmly establish its future success and longevity.
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        Michael C. Fanning

        Entrepreneurship

        I am a serial entrepreneur and I have been vegetarian for 14 years now. In a nutshell, I start businesses, grow them and retain some ownership before decelerating from all the operational duties involved.

        In addition, I am a complete lover of nature. I turned vegetarian at 18 years old. And my mother introduced me to hiking in my teenage years. So, I take random walks in the bushes every now and then. It definitely helps with decision-making in business, too. But it is not all that I am. I am also an aspiring father, husband and Vegan. Did I mention I am Christian?

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        May 16, 2023

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