Despite Central Bank’s recent stake acquisition, Generali Central Insurance does not expect a significant near-term boost in business from bancassurance business, or insurance policies sold through the banking channel.
Tally is working on building AI-based solutions to let customers have conversations with data and auto-generate invoices, which earlier had to be entered manually, says chief of engineering Nabendu Das
India needs to put in place a holistic policy for SMEs
SME leaders need to establish clear and measurable strategic objectives before integrating MarTech
Sustainability involves balancing profitability with responsibility, making decisions that drive financial growth and contributing positively to the environment, society, and the wellbeing of stakeholders.
Pushing a high-end water brand in a highly competitive market takes time and requires a well-planned budget.
Shadowing can be a rewarding experience for both, the person shadowing the leader, and the leader. Also, it is a relatively less expensive proposition for SMEs.
As marketing and branding continue to evolve, the fusion of human connection and technological innovation will remain the driving force behind enduring success
Many people who have overcome the toxicity of such a club did so by building a network of allies within and outside the organisation
Successful leaders in the digital era are change agents. They proactively communicate the benefits of technological transformation, address employee concerns, and provide a roadmap for the transition
SMEs have scarce resources that must be used optimally in marketing. Their success will lie in picking the right strategy for the right audiences and at the right time.
By identifying influential individuals who resonate with their target audience, SMEs can leverage their reach, credibility, and content creation abilities to drive business growth.
Businesses that embrace diversity are better positioned to develop innovative products and services that cater to diverse customer needs.
By remaining legally compliant, adopting transparent and compassionate communication, fair selection criteria and offering assistance programmes, SMEs can navigate layoffs
By embracing data-driven decision making, customer-centricity, and digital marketing, marketers can help drive consistent revenue growth.
By fostering a culture of innovation, embracing emerging technologies, cultivating agile practices and open innovation, SMEs can adapt to changing market dynamics, meet customer expectations, and drive sustainable growth.
Understanding the customer’s perspective and willingness to pay, pricing by competitors, and adopting demand-based pricing approach are some of the ways in which SMEs can maximise profits.
SMEs should evaluate the cost of implementing AI tools against the potential benefits and consider using off-the-shelf AI tools or working with third-party providers to reduce costs.
SME owners lament that without deep pockets they are unable to build strong brands like larger companies do. With careful planning and strategic execution, SMEs can still establish a strong brand presence without breaking the bank.
ABM will help focus SME efforts and resources on select accounts, rather than spreading them thin. This ensures a better return on marketing investment. It also helps create tailored marketing campaigns and build stronger relationships with prospects
While AI can automate many administrative tasks, it should never replace the human touch that is vital in building strong relationships with employees. HR will continue to play a critical role in fostering a positive workplace culture and supporting the development of employees.
SME marketers need to be strategic and creative in their approach, focus on building strong relationships with customers, and leverage customer testimonials and case studies to build credibility and trust.
The World Economic Forum report, released in Davos on the first day or its Annual Meeting 2023, said the countries that tackle food crisis can boost jobs, health and nature and also meet net zero goals better.
Most SMEs that participate in these shows and exhibitions plan nothing more than paying for the space and showing up. They need to plan and get the most out of these events
If you are like the average SME struggling to find growth avenues ever since the demonetisation and the pandemic, it is time to embrace content marketing in a big way