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What you should know about cold calls and cold calling

06/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Cold calls and cold calling are one of the most effective ways for businesses to acquire more customers. Cold calls are a direct phone call between a company and a potential customer. Cold calling is a process in which companies identify potential customers, contact them, and attempt to establish a business relationship.

Cold calls and cold calling are about companies finding a customer who is interested in the services and products. Cold calling involves calling the customer directly, while cold calling can involve multiple approaches, such as emails, social media or sending out brochures.

It is important to prepare before calling or writing. A company should learn about the potential customer's business to get a better understanding of their needs. When calling, the caller should give a brief introduction to their company and services and then address the customer's needs.

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Company headquarters Rostock - What are the advantages and disadvantages?

06/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock offers some advantages and disadvantages as a company headquarters. Here are some of them:

Advantages:

Good infrastructure:

Rostock has a good transport infrastructure with a port, an airport and well-developed road and rail links. This facilitates the transportation of goods and access to international markets.

Scientific and educational institutions: Rostock is home to a renowned university and other educational institutions. This provides access to well-educated professionals and facilitates collaboration with the academic world.

Educational facilities: Rostock is home to a renowned university and other educational institutions.

Quality of life: The city of Rostock offers a high quality of life with an attractive coastal location, historic architecture and a diverse cultural offering. This can help attract and retain qualified employees.

Lower cost of living: Compared to larger cities in Germany such as Berlin or Hamburg, the cost of living in Rostock is generally lower. This can be an advantage for companies, especially when choosing a location or housing employees.

Disadvantages:

Regional dependence:

Graphically, Rostock is somewhat removed from the major economic centers in Germany. This may mean that it is more difficult to reach business partners or customers outside the region. There could also be challenges in obtaining certain resources or services.

Limited market: Rostock has a comparatively smaller market size compared to large metropolitan areas. This could mean that companies may have limited opportunities for growth and expansion, or may need to focus on niche markets.

Skilled labor shortage: Although Rostock has educational institutions, it may still be difficult to attract highly skilled professionals in certain industries. Companies may need to make greater efforts to attract and retain qualified employees over the long term.

Limited industry diversity: Rostock is best known for its maritime, tourism, and food industries. Other industries may have more limited opportunities to locate in Rostock and benefit from synergies with similar businesses.

It is important to note that the advantages and disadvantages of Rostock as a company location may vary depending on the industry, company size and individual needs. It is advisable to conduct a comprehensive location analysis and consider the specific requirements of one's own company before making a decision.

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Fundraising from corporate donors - We show how it's done

06/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Fundraising is an important activity that nonprofits use to raise money for their work. To be successful, organizations need to appeal to a variety of fundraising sources, including individuals, foundations, governments, and corporations. Corporate donations are a valuable source because they can donate a larger amount of money than individuals. There are several ways that businesses can help a nonprofit organization. These include financial donations, in-kind donations, employee time and donation programs.

The first task is to find businesses that may be interested in donating. Some companies have specific programs to support certain communities or nonprofits, while others specialize in a broader range of giving. It is important to research a company's donation policies and programs to ensure that the organization is relevant to the company.

After finding a company interested in fundraising, the organization needs to create a professional fundraising appeal. This should include a brief summary of the nonprofit and its mission, greatest needs and successes. It is important to have a clear plan for how the money will be used. If possible, specific examples of projects made possible by donations should also be included.

It is also important to include a contact at the organization with whom a direct dialogue can be opened. This contact can be the person representing the company in the fundraising effort or someone familiar with the organization.

After the fundraising appeal is created, the organization should contact the companies directly. It is important to provide a personal touch and convey a sense of the organization's mission and needs. It is also advisable to give the businesses a reason why they should support this particular organization.

If the company makes a donation, it is important to be grateful and show appreciation for the donation. This can take the form of press releases, social media posts, thank you cards and other forms of appreciation. These actions strengthen the company's image and increase the likelihood that it will make additional donations in the future.

Corporate fundraising can be a lucrative source for nonprofits. It is important to create a professional donation request and have a contact at the company with whom a direct dialogue can be opened. Once a donation has been received, it is important to be grateful and show appreciation in order to reinforce a positive image of the company and receive further donations.

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Maximum effect at the lowest possible cost - How the Media & PR Database 2023 revolutionizes your press work

06/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The PR and software industry is facing fundamental change. While the future of PR monopolists and software dinosaurs is uncertain, smaller, non-established companies and start-ups are expected to gain large market shares in the coming years. We explain why this is so and what implications it will have for the industry below.

First of all, it is important to understand that PR monopolists and software dinosaurs are increasingly prevented from innovating and developing new technologies. This is because they focus their resources on improving existing products and services rather than breaking new ground. As a result, they are unable to adapt to the ever-changing demands and expectations on the industry, making them less and less competitive.

On the other hand, smaller companies and startups are likely to play a bigger role in the market because they have the resources and agility needed to adapt quickly to new trends. This means they are more likely to be able to develop innovative products and services that are one step ahead of the competition.

In addition, customers are becoming more demanding and want more services for less money. This means that PR monopolists and software dinosaurs will have a harder time attracting and retaining customers because they won't be able to offer the same quality and service at an affordable price.

In short, over the next year or two, it is likely that the established PR software vendors will lose customers, while smaller companies and startups will gain a larger market share. This will lead to a fundamental shift in the industry as new technologies and services are developed that offer real value to customers.

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What is the Spotify method?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Spotify Method, also referred to as "Agile@Scale" or the "Spotify Model," is an agile work methodology developed by Swedish music streaming platform Spotify to improve collaboration and scale in their business.

The Spotify model combines elements from agile software development and lean management methods and is designed to respond quickly to changes in the market and customer needs. The model is based on a matrix organizational structure that enables teams to work together quickly and flexibly to develop solutions.

The Spotify model is based on a matrix organizational structure that enables teams to work together quickly and flexibly to develop solutions.

In this structure, teams are organized into what are called "squads" (small, autonomous work groups), each working on a specific product or feature area. Multiple squads then form "tribes" (departments) that focus on similar business areas. Within a Tribe, there are also "Chapters" (technical groups) that specialize in specific skills or competencies, such as programming, design, or quality assurance, and share and support each other across the different Squads.

The Spotify model also emphasizes the importance of regular feedback and continuous improvement to ensure that teams can learn and adapt quickly. It has become a popular model for other companies looking to implement agility in their organization.

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