Career Development Centre (CDC) > Be a Business man/woman

A good system

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shibli:
"For communication to be effective, it must be free of needless miscommunication. When individual
or team communication is fragmented, ambiguous, contradictory or short-circuited in other ways,
businesses lose money.
The cost can be in the form of:
• Time lost due to inefficiency and needless repetitions of a task (re-work).
• Missed opportunity.
• Time and energy to repair ineffective communication.
• Deadlines that slip.
• Lost or damaged customer relationships due to unclear or unmet expectations.
• Loss of productivity and employee retention due to emotional distress and ineffective reactions, such as gossip, complaining and backbiting.
• Loss of repeat business and loss of long and short term strategic alliances due to
impaired relationships.
• Waste of resources due to treating a technical problem as though it were a communication
misunderstanding and vice versa."

shibli:
There are three kinds of companies: those who make things happen, those who watching things
happen, and those who wonder what’s happened.

There are two kinds of companies: those who change and those who disappear.

shibli:
Blue Ocean strategy is about using your time and imagination to create uncontested market space that will make the big boxes and other competitors irrelevant.

"Don't compete with the big boxes. Make them irrelevant with a creative blue ocean strategy."

shibli:
Simply put, a Blue Ocean strategy is one where you redefine a market and dominate. By doing that you are swimming in a Blue Ocean free of your competition instead of swimming in the bloody Red Ocean of competitors beating each other up day-in and day-out.

Our one student one laptop can be a blue ocean strategy of DIU.

shibli:
Marketing is supposed to be a field sprawling with constant innovation … a domain where ‘new new things’ are born every day. Blue Ocean Strategy have suggested the four actions framework for companies who are intended to come out from red ocean, Spritzer have created a Blue Ocean Business which have made competition irrelevant by offering various products that preferred by customers.

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