Richa Kar is a famous name in the world of online business. She is the founder of zivame business model, a leading online brand in the lingerie retail industry. Despite her young age, she has accomplished many things, including establishing an impressive private label brand with a large product portfolio. To succeed, Zivame needed a new business model. Here’s a look at her business model.
The company’s zivame business model is built around a service marketing model. This means that every member of the Zivame team is committed to the company’s vision. The workforce is comprised of women and men and is diverse. Zivame also believes in hiring right and is committed to hiring people with similar values and goals.
The company has a good track record of launching new products and catering to diverse markets based on consumer insights in each market. It has tested many concepts in different markets and has come up with innovative Sales & Marketing solutions. However, Zivame still has some challenges, including a lack of critical talent, physical resources, and past experiences. Additionally, the company is not fully utilizing the full potential of machine learning and AI technology.
Nevertheless, there are opportunities to capitalize on these opportunities. Changing consumer preferences, technological advances, and economic growth provide opportunities to expand in new markets. Moreover, Lingerie zivame business model is currently operating in a very strong domestic market. This can be both a strength and a hindrance to expansion. In order to succeed in the international market, the company must invest in R&D. Therefore, the temptation is to focus on the domestic market alone.
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