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How to be An Effective Product Manager

Jay Davis 2021-03-01

Product Managers play a pivotal role in the product management lifecycle.Product Management is all about delivering innovative products that challenge the status quo, change the way certain things are done and most importantly solves problems of your customers.Whatsapp, Slack, Viber changed the way people communicate.Facebook, Instagram, Linkedin paved the way for social collaboration from both personal and professional standpoints increasing global connectivity.IPhone, iPods and Smartphone’s changed telecommunication & the way music is consumed forever.You get the drift!Innovation and disruption in a good way is at the heart of all these technological wonders backed with a breakthrough vision, robust product roadmap and go-to-market strategy.

Read the full article at Orangescrum blog

How Bulk SMS in Bangladesh is Helping Business?

Mejbahul Alam 2019-05-07

Bulk SMS in Bangladesh can help your business in the long run.

Businesses often get lost in the race to try and get new customers, spending massive amounts of money and resources on beating their competition into getting as many leads as possible.

In fact, as per SmartInsights, 44% of companies have a greater focus on customer acquisition, compared to only 18% that focus on customer retention.

Besides, as per Ecoconsultancy, did you know it costs five times as much to attract a new customer than to keep an existing one?

New customers are great, but businesses can be blinded by them, and start to neglect their existing customers when actually, customer retention is imperative to any and every business for it to be able to build and grow.

Harvard Business School research suggests, that by increasing your retention rates by just 5%, you will increase your profits by 25%.

Retention rate : Definition, Strategies and Methods - WebMaxy

Adam Wilson 2023-03-17

Most companies calculate the retention rate to see if they are making enough money and to stay motivated. Every business with a high retention rate that works to improve the retention rate increases its profits. A cohort’s retention rate is calculated by taking a user segment or group with the same characteristic. A cohort’s retention rate is calculated by taking a user segment or group with the same characteristic. Here, in the above blog, we have given retention definition, retention rate meaning, and strategies to improve it. The retention rate can be calculated with the following formula: CRR= (Existing customers after a given time period – New customers gained in that period) ______________________________________________________ X 100 The number of customers at the start of the period

Staff retention part 2: How to calculate your company’s staff retention rate?

De Vore Recruiting 2022-05-03

A business’s staff retention rate is an important metric that can often tell if a company is on a positive course or not. It shows how much of your employees choose to stay in the company and technically, with the way you manage it as well. Calculating your staff retention rate gives you insights on whether your retention efforts are effective or you might need a different kind of approach. When an employee or a staff leaves it often brings a negative effect to the company such as:a decrease in productivityhigh recruitment coststime consuming for training new hireslowers down employee moraleNot having an idea on your company’s employee retention rate risks you losing your top talents. So to avoid this, read on and find out how to calculate staff retention rate.

How to provide parents and children the best childcare experience

icaresoftware 2020-11-20

In a service business like childcare, the experience is what makes or breaks it for your customers.

Taking time to focus on your experience can improve your retention rates and even fill your center with new business thanks to happy customers who refer you to their friends.

Ignoring the experience that children and parents have at your center could leave a wealth of opportunity on the table for your business.

Take the time to pause and consider where your opportunities are at.

Here are some things to consider.

How to Prepare for a Startup Acquisition

Syed Balkhi 2023-08-24

This makes many entrepreneurs opt for startup acquisitions. Well, in that case, let’s look at some of the reasons why startup acquisitions take place. Why Startup Acquisitions Take PlaceIt’s not that startup acquisitions happen for the benefit of one single party. Rapid Growth and ScalingOne of the major reasons why startup acquisitions happen is because it aids rapid growth and acceleration for both companies. Instead, we’ll look at how to prepare for a startup acquisition to make it more efficient.

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