ENTREPRENEURSHIP

Detailed explanation-1: -Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost-effective. An organization can reach its clients through its own channels (store front), partner channels (major distributors), or a combination of both.

Detailed explanation-2: -Value propositions are delivered to customers through communication, distribution, and sales. These are known as your Channels. Finding the right pathway to your customers could be the biggest challenge. Choosing the wrong marketing channel will not attract customers to your product or service.

Detailed explanation-3: -Your proposition should address the particular prospect’s needs and pain points. Doing your research beforehand and listening to what clients tell you will give you a good idea of the solutions they’re looking for. Low-hype. Avoid marketing hype, superlatives and business jargon.

Detailed explanation-4: -Intellectual property resources such as brands, proprietary knowledge, patents and copyrights, partnerships, and customer databases are increasingly important components of a strong business model.

Detailed explanation-5: -Plant and Equipment. Buildings. Employees. Intellectual Property. Computer Software. Expert Knowledge. Political Connections. 10-Feb-2018