With the advent of modern technology and having found ourselves fully within the communications revolution, the world is becoming an increasingly small place.
Companies which at one time conducted business transactions across town are now striving to reach customers across the globe. Rapidly growing economies such as China, India and the Middle East are now pivotal players on the world stage. As they develop and open up new opportunities exist for entrepreneurial firms to maximise their returns in these exciting new markets. This is especially true for the retail sector where new customers and partner relationships can be created relatively quickly online.
Combining this with an environment at home that has seen an unprecedented amount of competition (due in part to a prolonged recession), the continued growth of retailers exist in international opportunities. Anyone from the retail world understands that clear consistent customer communication and customer service are two of the most critical success factors. Do them wrong and you run the risk of irreversibly destroying brand value. Do them right and you can build a lovemark, a brand built up on love and respect. Read more