The defiant move reflects growing concern about the political stalemate in efforts to form a new government, and the worsening financial crisis. Riad Salameh, governor of the Banque du Liban, Lebanon’s central bank, reportedly told President Michel Aoun, caretaker Prime Minister Hassan Diab and caretaker Minister of Finance Ghazi Wazni last week that there is only enough cash in reserve to fund subsidies of basic items such as bread, fuel and medicines for three months. It has $19.6 billion available, $17.5 billion of which must be kept to cover a portion of deposits by bank customers. This leaves $2.1 billion for subsidies, which cost $700 million a month.
After losing all the impression of their achievements, great companies often fade away.
When the whole world was shifting towardsdigital photography in late 80s, Kodak refused to join the bandwagon, and continued with their existing products even after inventing the digital camera technology.
However, after 2010, Nokia's market value declined by about 90 percent and in 2011 Nokia was acquired by Microsoft.
why Nokia, which was considered as the undisputed king of mobile devices was thrown out of the market?The main reason is the introduction of iPhone in 2007.
At the time of iPhone's launch, half of all the devices sold in the planet were Nokia's.
Nokia's management thought they will continue to rule the market with dated Symbian OS and average phones.They never thought Apple would come-up with a superior hardware and software and the executives were afraid to acknowledge the fact even after knowing that it would take several years to develop a better OS that could compete with iOS.
Both in terms of revenue and employment – over the last decade, the Indian healthcare sector is touching the pinnacle of success in terms of raising revenue and employment.
Innovative services, increase in expenditure from the public and private players, expanding the medical coverage, and branding are some of the factors that are fuelling the growth rate at an exponential pace.As the sector witnesses a fierce competition with the entrance of emerging players, branding has become a key to sustain and surge ahead among the competitors in today’s market.
Due to the stringent norms and regulations, the traditional marketing techniques are not that effective in scaling up the business revenues.
Secondly, the branding distinguishes and showcases the USP of any company or organization that ultimately assists to create a niche market along with customer base.
The most evident example is the transformation of various private hospitals that have reworked their existing business models and have standardized the quality of healthcare facilities within the country.
The healthcare insurance or Mediclaim is another area that has embraced brand sensibility and sensitivity and has evolved as a major contributor in the sector.Decoding Consumer RelationshipAs more and more players in the sector are implementing the above equation, the onus of delivering is rapidly growing.
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