It is commonly believed by few individuals that a unique product approach is the only key to get success in business. However, in my opinion, there other two factors which influence success of business: - location of firms and good quality products and services.
To begin with, a location of any enterprises play very vital role to be successful in any business as it defines where any perticular product is on high demand and where it is no. If any organization is established in a area where the usage of the particular product is very less, it would lead company to a huge loss. For example, a report by BBC News reveals that 50% successful companies in England are more popular because they have chosen ideal place for firms.
Further more, the second factor which is more important to get success is superior quality goods and services. Quality of any commodities show how much product is better than same kind of product. In this modern era, people want good quality products so every company makes their products with genuine raw materials and try to sell them low cost. Along with quality products, services of a company is also considered. Individuals desire services such as before sales, during sales, and after sales services. For example, Samsung is on the top in mobile phone industry because it has been providing good quality phones and good after sales services to its customers for last 20 years.
It is
commonly
believed by few individuals that a unique
product
approach is the
only
key to
get
success in business.
However
, in my opinion, there other two factors which influence success of business:
-
location of firms and
good
quality
products
and services.
To
begin
with, a location of any enterprises play
very
vital role to be successful in any business as it defines where any
perticular
product
is on high demand and where it is no. If any organization
is established
in
a
area where the usage of the particular
product
is
very
less, it would lead
company
to a huge loss.
For example
, a report by BBC News reveals that 50% successful
companies
in England are more popular
because
they have chosen ideal place for firms.
Further
more, the second factor which is more
important
to
get
success is superior
quality
goods
and
services
.
Quality
of any commodities
show
how much
product
is better than same kind of
product
. In this modern era,
people
want
good
quality
products
so
every
company
makes
their
products
with genuine raw materials and try to sell them low cost. Along with
quality
products
,
services
of a
company
is
also
considered. Individuals desire
services
such as
before
sales
, during
sales
, and after
sales
services
.
For example
, Samsung is on the top in mobile phone industry
because
it has been providing
good
quality
phones and
good
after
sales
services
to its customers for last 20 years.