Basic Principles of Competition Irrespective of brands & individuals aspirations, competition has existed since time immemorial. Moreso it becomes important to realize that timing is a very crucial factor in remaining relevant in every type of the competition. And that brings us to some basic principles that can be equally applied on micro as well as macro level. A) Understanding your consumers mindset: The entire business model revolves around the theory, which itself is evolving, any business model that must have carried out a proper Value Stream Mapping, can easily testify how many NVA's they were able to identify & remove that they must have been religiously practicing for decades. Anything and everything that any business is involved in & is not adding any value to the consumer, or the end user than it automatically becomes an absolute waste of time & resources. Dump it or it may remain the bottleneck of your business forever. Toda...
Business Excellence Master Black Belt Lean Six Sigma MAULIK DOSHI