Empruv Ebrochure Magazine Vol 1 Cover | Page 8

EMPRUV 2016 WWW . EMPRUV . COM 18 VALUE DRIVERS 8 Empruv will show you how to run your business at peak performance by working within and improving upon the following value drivers of your business. You will know what you're worth, where to grow, and how to convert this growth into real wealth. 1 2 3 5 6 7 9 10 MARKET SHARE The percentage of an industry or market's total sales that is earned by a particular company over a specified time period MARKET SIZE 11 The number of individuals in a certain market who are potential buyers and/or sellers of a product or service. Companies are interested in knowing the market size before launching a new product or service in an area. REVENUE The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. 4 VOL 1 Rivalry in which every seller tries to get what other sellers are seeking at the same time: sales, profit, and market share by offering the best practicable combination of price, quality, and service. Where the market information flows freely, competition plays a regulatory function in balancing demand and supply A voluntary association formed and organized to carry on a business. Types of companies include sole proprietorship, partnership, limited liability, corporation, and public limited company. MARKETING The management process through which goods and services move from concept to the customer. 14 HUMAN RESOURCES 16 17 18 6 COMPANY SATISFACTION FINANCIAL COMPETITION Difference between the cost price and selling price of a product. 13 15 A broad term used to describe many aspects of finance or the financial industry, such as financial instruments, financial services, financial institutions, financial advisors, or financial planning MARGIN OPERATIONS DIFFERENTIATOR Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market. Unique design, sign, symbol, words, or a combination of these, employed in creating an image that identifies a product and differentiates it from its competitors 12 BARRIER Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market. BRAND Operations transform resource or data inputs into desired goods, services, or results, and create and deliver value to the customers Customer level of approval when comparing a product's perceived performance with his or her expectations. The division of a company that is focused on activities relating to employees. These activities normally include recruiting and hiring of new employees, orientation and training of current employees, employee benefits, and retention. Formerly called personnel. MANAGEMENT The organization and coordination of the activities of a business in order to achieve defined objectives. LEGAL Allowable or enforceable by being in conformity with the law of the land and the public policy;. CUSTOMERS A party that receives or consumes products (goods or services) and has the ability to choose between different products and suppliers INNOVATION The process of translating an idea or invention into a good or service that creates value or for which customers will pay.