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	<title>Golmuri &#187; business</title>
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		<title>Story behind Wrigley&#8217;s Chewing Gum!</title>
		<link>http://golmuri.com/learning-center/web/story-behind-wrigleys-chewing-gum</link>
		<comments>http://golmuri.com/learning-center/web/story-behind-wrigleys-chewing-gum#comments</comments>
		<pubDate>Fri, 25 Dec 2009 10:41:52 +0000</pubDate>
		<dc:creator>rohit</dc:creator>
				<category><![CDATA[Web]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[brand]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Chicago Expo]]></category>
		<category><![CDATA[Coca-Cola]]></category>
		<category><![CDATA[Doublemint]]></category>
		<category><![CDATA[gum]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[pepsi]]></category>
		<category><![CDATA[story behind wrigley's gum]]></category>
		<category><![CDATA[success]]></category>
		<category><![CDATA[tata]]></category>
		<category><![CDATA[william wrigley Jr.]]></category>
		<category><![CDATA[Wrigley]]></category>
		<category><![CDATA[yellow juicy]]></category>

		<guid isPermaLink="false">http://golmuri.com/?p=1050</guid>
		<description><![CDATA[Two of Wrigley&#8217;s now classic brands, Doublemint and Yellow Juicy (Fruit), grabbed the world&#8217;s attention at the Chicago Expo in 1893 courtesy of a young salesman named William Wrigley Jr. Wrigley traveled from Philadelphia to Chicago in the spring of 1891. He was 29 years old, had $32 in his pocket and possessed endless enthusiasm. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://golmuri.com/wp-content/uploads/2009/12/bubble-gum.jpg"><img class="alignleft size-thumbnail wp-image-1107" style="border: 1px solid black;" title="Chewing Gum" src="http://golmuri.com/wp-content/uploads/2009/12/bubble-gum-150x150.jpg" alt="" width="150" height="150" /></a>Two of Wrigley&#8217;s now classic brands, Doublemint and Yellow Juicy (Fruit), grabbed the world&#8217;s attention at the Chicago Expo in 1893 courtesy of a young salesman named William Wrigley Jr.</p>
<p>Wrigley traveled from Philadelphia to Chicago in the spring of 1891. He was 29 years old, had $32 in his pocket and possessed endless enthusiasm.</p>
<p>His started his career trying to sell Wrigley&#8217;s Scouring Soap, which was produced in his father&#8217;s factory. Wrigley offered free gifts to merchants to increase sales, knowing that such <span id="more-1050"></span>freebies would induce his customers to promote Wrigley&#8217;s soap. One of these freebies was baking powder. When baking powder proved to be more popular than soap, Wrigley switched over to the baking powder business.</p>
<p>One day in 1892 Wrigley got the idea of offering two packages of chewing gum with each can of baking powder. The decision proved fateful, with the gum eventually overtaking the baking powder in popularity. Wrigley responded by reorienting the company to manufacture chewing gum.</p>
<p>Wrigley took his products to the Chicago Expo and soon people around the world had his gum in the palm of their hand. The company currently sells its products in over 180 countries and operates more than 10 factories all over the world.</p>
<p>This is how worlds most popular Chewing Gum brand was created. It is also true that every famous brand has a story behind it. Be it Coca Cola, Pepsi, Tata, IBM or Apple.</p>
<p>Rogues</p>
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		</item>
		<item>
		<title>Key to key accounts management&#8230;</title>
		<link>http://golmuri.com/learning-center/key-to-key-accounts-management</link>
		<comments>http://golmuri.com/learning-center/key-to-key-accounts-management#comments</comments>
		<pubDate>Thu, 03 Dec 2009 10:28:02 +0000</pubDate>
		<dc:creator>rohit</dc:creator>
				<category><![CDATA[Learning Center]]></category>
		<category><![CDATA[Web]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[clients]]></category>
		<category><![CDATA[Dell]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[developed countries]]></category>
		<category><![CDATA[emerging nations]]></category>
		<category><![CDATA[family]]></category>
		<category><![CDATA[friends]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[Key to key accounts management]]></category>
		<category><![CDATA[Level one]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[P&G]]></category>
		<category><![CDATA[relationship]]></category>
		<category><![CDATA[relationship management]]></category>
		<category><![CDATA[Shelby D Hunt]]></category>
		<category><![CDATA[three]]></category>
		<category><![CDATA[three tier relationship management]]></category>
		<category><![CDATA[transaction]]></category>
		<category><![CDATA[trust]]></category>
		<category><![CDATA[twitter]]></category>
		<category><![CDATA[two]]></category>

		<guid isPermaLink="false">http://golmuri.com/?p=1033</guid>
		<description><![CDATA[Business to business marketing is a specialized field of marketing where the rules of the game is substantially different. Transaction between Microsoft and Dell can be compared to transaction between P&#38;G and a consumer John, but to a certain extent. The level of trust and relationship is markedly different in the above two business transactions. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://golmuri.com/wp-content/uploads/2009/12/relationship.jpg"><img class="size-medium wp-image-1035 alignleft" style="border: 1px solid black;" src="http://golmuri.com/wp-content/uploads/2009/12/relationship.jpg" alt="" width="116" height="165" /></a></p>
<p><strong>Business to business marketing</strong> is a specialized field of marketing where the rules of the game is substantially different. Transaction between Microsoft and Dell can be compared to transaction between P&amp;G and a consumer John, but to a certain extent. The level of trust and relationship is markedly different in the above two business transactions. The intricacies of trust and relationship in B2B transactions have been discussed in depth in a paper written by Shelby D Hunt. In the past decade there has been a paradigm shift towards relationship marketing and this is more evident in B2B segment. However, at the kirana store level the importance of relationship marketing cannot be neglected in a developing country. It is seen that the importance of this concept varies <span id="more-1033"></span>with the level of development in the society. The more developed a country the less is the importance at B2C level. In emerging nations where the systems are not well defined and where best practices are rare, adjustment and adoption to individual customers is been practiced since decades.</p>
<p><a href="http://golmuri.com/wp-content/uploads/2009/12/relationship.jpg"></a><strong>Business to business marketing</strong> is a specialized field of marketing where the rules of the game is substantially different. Transaction between Microsoft and Dell can be compared to transaction between P&amp;G and a consumer John, but to a certain extent. The level of trust and relationship is markedly different in the above two business transactions. The intricacies of trust and relationship in B2B transactions have been discussed in depth in a paper written by Shelby D Hunt. In the past decade there has been a paradigm shift towards relationship marketing and this is more evident in B2B segment. However, at the kirana store level the importance of relationship marketing cannot be neglected in a developing country. It is seen that the importance of this concept varies with the level of development in the society. The more developed a country the less is the importance at B2C level. In emerging nations where the systems are not well defined and where best practices are rare, adjustment and adoption to individual customers is been practiced since decades.</p>
<p>With this background information, here i would like to throw some light on an interesting relation between human behavior and relationship marketing. Interaction and transaction among human beings happen at three levels:</p>
<p>one-With family members</p>
<p>Two-with friends</p>
<p>Three-with acquaintance</p>
<p>Let us explore the importance and consequence of relationship in all the three scenarios. At level one, humans compulsorily adopt to the family members needs and change involuntarily. If your wife needs some time, she need not take an appointment from you. At level two, humans adopt to the needs of their friends voluntarily. If your friend wants to meet you, you might change your regular appointment to accommodate your friends need. However, at level three, the chances that you treat the acquaintance differently are very bleak.</p>
<p>Now, let us explore these options for a business house.</p>
<p>level one: Big client without whom you cannot survive. Just like family members.</p>
<p>level Two: key clients whom you perceive to be better than other clients (in terms of business, process or growth prospects). Just like friends.</p>
<p>level Three: other clients</p>
<p>In level one, your client defines the way you work and can be compared to family members.</p>
<p>In level two, there is a mutual adjustment and you act as if they are your friends. You would change your normal business process wherever required.</p>
<p>Interestingly, at level three, you do business with other not so important clients and you act as if they are just acquaintance and you resist any demand in process change.</p>
<p>From the above comparison i conclude that a manager can understand its business better if he handles the clients as if they are family members, friends or just acquaintance.</p>
<p style="center;">&#8220;Three tier relationship management in business&#8221;.</p>
<p>Rogues</p>
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