The task: You are working in a partnership position in a company and An existing Provider is looking for 10X growth with your company in 2020. you have scheduled a call with the provider's manager. Your CEO is also invited to this call.
1- Please write down a structure for the call and draft 3-5 potential solutions that you supposed to discuss with the partner.
2- prefer/prioritize these solutions in a way you expect to achieve the best result from the call. Justify your choices and your strategy.
This assessment will write down the structure for a call and draught potential solutions to discuss with a partner:
1. In this journal, preparations for the telephonic call, It will gather knowledge regarding all the technical aspects of the mobile phone and network service, to avoid any interruptions during the telephonic meeting. It will keep a note pad and pen near the phone and cultivate a friendly voice and avoid any rambling.
Next, I will choose the time for calling after pre deciding, and I will speak as follows:
"Good morning, this is Alex from L.N. Ltd. Am I taking to John Ambrose?
How do you do, sir?
So, I would like to discuss your plan for 10x growth with the company in 2020.
I have some potential solution for the same; I would like you to listen to my ways to achieve our target:
1. We can hire more employees with our organization and provide them with proper training to gain core competencies, which would act as our competitive advantage and helps in growing.
2. We can improve our marketing and promotional efforts and can expand our research and development function.
3. We can also go for market differentiation and enter into new markets for growth.
2. The above-written points are in the sequence of my priority for achieving the best result from the call. my justification regarding choices and the strategies are as follows:
focusing on providing and equipping employees with better training will improve the organization's overall skills and professionalism, which will act as a core competency and help beat the current competition in the market, which would be less costly and will have a good return on investment.
Next, we can focus on our research and development function and expand it to understand the market needs and requirements better and gain any opportunity given by the customers or society.
Lastly, we can focus on going into a different market. Still, it is on the 3rd rank of my priority list because it would be risky, and it will also require a considerable amount of expenditure.
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