Its important for companies to maintain competitive advantage over their competitors. In order to do so they need to have a “unique value proposition” that would help them establish their brand equity. Lets look at how the companies can maintain the sustainable profitability..
1. Be in a attractive industry
2. Coherence strategy.
3. Have a USP
4. Know and understand your customers.
5. Always justify your prices.
6. Get rid of wastes.
7. And always try to bring new in the products and services offered.
Developing Sustainable Profitability!!
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