Reading notes Article Example | Topics and Well Written Essays - 250 words - 3

Reading notes - Article ExampleTheodore cites the railroad business and Hollywood as two examples of businesses that have suffered the do of myopia, also referred to as shortsightedness (Theodore, 2004). The cunning of airplanes and cars pushed railway transport out of business, and they lost customers because they focused on the railroad business, and not the transportation business. They concentrated much on the product, railroad, rather than on their customers in the transportation business.Similarly, Hollywood concentrated in the movie business, rather than the entertainment business, which resulted in their fizzling out after the invention of television (Theodore, 2004). The two examples show that narrowing down the scope of a business is detrimental to growth. In the end, it makes a business susceptible to future competition.As population growth continues, so is the consumer base (Theodore, 2004. Management should focus on strategies that produce followers, in terms of custo mers. Largely, customer-creating and customer-satisfying strategies are relevant in virtu wholey all sectors of the economy, and are more important than production strategies.The most important part in the article is that customers are the most significant asset of an organization, and managers must hear they retain them through establishment of strategies that apply to their demands and are responsive of future