Organizations exist to enable ordinary people to do extraordinary things.
Theodore LevittRead
The true purpose of a business is to create and keep a customer, not to make you money.
Interpretation
A successful business focuses on customer satisfaction rather than just profit.
The quote emphasizes that the fundamental aim of a business should be to serve the needs and retain the loyalty of its customers. When a business prioritizes creating value for customers, the profits will naturally follow as a result of satisfied and loyal clientele.
In practice
This quote could be used in a business seminar to highlight the importance of customer satisfaction.
Organizations exist to enable ordinary people to do extraordinary things.
Kodak sells film, but they don't advertise film; they advertise memories.
Ideas are useless unless used. The proof of their value is in their implementation. Until then, they are in limbo.
Selling concerns itself with the tricks and techniques of getting people to exchange their cash for your product. It is not concerned with the values that the exchange is all about. And it does not, as marketing invariable does, view the entire business process as consisting of a tightly integrated effort to discover, create, arouse and satisfy customer needs.
A powerful force drives the world toward a converging commonality, and that force is technology. β¦ Almost everyone everywhere wants all the things they have heard about, seen, or experienced via the new technologies.
You want to dig your well where you have the best chance of finding water with the least amount of digging
Too many companies are running their business into the ground, I would argue, by being myopically short-term focused on the shareholder.
Make your product easier to buy than your competition, or you will find your customers buying from them, not you.
If I had one dollar left, I'd spend it on PR
If you own the problem, you own the customer. If you lose the problem, you lose the customer. It's that simple.
As long as you keep doing the right thing and have the best product, you can beat the bigger company.
The NBA is never just a business. It's always business. It's always personal. All good businesses are personal. The best businesses are very personal.
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