What is a good innovative strategy to grow revenues?
26.11.2017 at 23:36 h / Edited 08.07.2018 at 16:29 h
Elena Founder at Confidential
I need to know innovative ways to grow revenues in fashion industry?
Mihail Karpachev Business Management Consultant | Project Manager
That is million dollar questions and definitely answering it satisfactory requires more detailed information such as:
1. How much the revenue should grow and how that is compared to previous periods?
2. Go through deep cost analysis - supplies, production effectiveness, HR, administrative etc. Here you need to ensure that you will ensure profit growth as well as revenue growth and based on the analysis to outline a plan.
3. What about the profits? Should they be reduced, unchanged or increased?
4. Do you plan to launch new product/s or improve the existing?
Innovation is everything that creative ideas that may implemented into reality with a clear plan that has timeframe, budget and resources defined.
I will be glad to assist you more if you need so.
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