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The following article was published in our article directory on February 2, 2019.
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Article Category: Business
Author Name: Theodore Henderson
If there is one thing you have to learn about marketing, it would be that there is Zero control over what people think about your business. However, you can �tweak� that perception in such a way that it such perception remains true, only more favorable to your business.
This is what is called �Positioning,� and it�s one of the more creative types of innovation in marketing. In order to position your business properly in the market, there are a few questions that you will need to answer.
What Does the General Market Feel About Your Brand?
You have to understand that no two people will have the same perception about your business in exactly the same way. For one person, your brand might be �hip� and �modern� but it may be �overpriced� and �pretentious� to another person.
Given that there are always differences in preconceptions, the best that you can aim for is the general perception of your business. This is the perception that almost everyone from every demographic out there have regarding your business.
If you are new to the market, you can refer to similar businesses regarding how they are treated in the market. This way, you can have an idea as to how to approach the market, given how it might regard your business.
How Can You Act on Your Business�s Values?
The importance of innovation in entrepreneurship lies in the value that your business would eventually offer through such. In that regard, you cannot hope to bring value to the market if you say one thing and do another.
Always refer to the mission statement on your business. They are more than just a bunch of words to give a nice impression to the reader. They are actually a set of lofty ideals and standards that your business is going to live up to.
Ask yourself this question: �Have I actually acted on such standards?� Regardless of what your answer is, just know that markets tend to respond to a business positively the more that business�s owners and agents do what they promise.
What Impression Do You Want to Make?
There is a clear difference between your claims of quality and the mission statement of your business. In essence, what you want to be known for is entirely different from what you claim to offer to the market.
For example, a Chinese restaurant can claim that it offers the most authentic Chinese dining experience in the area. What it wants to be known in the market for, however, is a place where people can have great dining memories with friends and family. They might correlate in some aspects but are never the same.
The mission statement is the more important thing to focus on, and it�s one of the reasons why a business needs to innovate. This is because the impression your business makes is the legacy you will leave in the market once it finally closes, preferably in the distant future.
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