Geoff Rochwarger on Creating Value

IDT Energy , ,

IDT Energy CEO Geoffrey Rochwarger recently shared some advice for businesses, explaining that creating value is essential in any industry.

“Managers must evolve their business plans to meet customers’ changing needs. Every business, if it wants to grow, needs to identify how customers’ behaviors change and how this creates new markets—large and niche—that are as yet untapped. This goes for companies large and small,” he said. ““It is crucial for businesses to understand how they can leverage their customer’s additional needs to produce new revenue streams. This can be done in many ways. It may mean offering more services, tailoring existing services to further serve customers’ needs, or adjusting pricing tiers in a way that makes the product or service better for customers while augmenting the business’ earnings potential.”

 


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