innovation

I always see IBM commercials on TV about how IBM is trying to change how the world works through innovation in business. Their goal is to better manage data to make smarter decisions based on that data. Their system could capture all types of information and turn data into intelligence and action.

Team

My team came in second in the project. Our strategy was to highly market the products that were selling at a decent rate in the South and the West regions because they were the largest population wise. Our pricing strategy was based on how well the particular items sold. If an item was not selling well we reduced the price but not below the cost we paid because then we would be earning a negative profit. Also the items that were selling at a high rate, we raised the prices to make them last. I learned that pricing and marketing play an important role in how business's make money and how they get customers. If i could improve on two things, I would improve our strategy on buying more products because we always had excess and maybe marketing the products that did not sell as well instead of just the ones that did.