The big difference between the CIO and the Chief Digital Officer is the responsibility for turning IT into a value creator, which is something that the CIO typically doesn’t have in most organizations.
<h3>How to compare the difference?</h3>
The chief digital officer is the leading digital business from the front in a way that most CIOs aren’t. It should be that most CIOs are not trying to think of new markets, new channels, or new business models that the organization should be getting and making that a top priority. .
The CIO is used to operate much larger operations. The Chief Digital Officers are very multidisciplinary, so they have a lot of different experiences, and they're very comfortable talking with marketing and sales in their language.
They’re very good at talking to the product teams in their language and operations in their language, and executives, and so on. And not to the same degree that we see the CIOs that don’t really talk the language of business .
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Price Discrimination is the practice of selling a specific product at more than one price when the price differences are not justified by cost differences.
<span>i.e. Age based pricing such as charging less for a child's ticket to a movie theatre/amusement park than an adult. </span>
<span>Universities charging more for out-of-state residents. </span>
<span>A doctor charging for services based on patients income.
I hope this helps!
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The five challenges that a new entrepreneur entering the job market could encounter are 1. Creating a Business Concept 2. Managing Cash Flow 3. Hiring Employees 4. Selecting Products to Sell 5. Marketing Techniques & strategies.
Who is an entrepreneur?
An entrepreneur is a person who takes risks of starting a business based on ideas or products he has invented, taking on the most out of the risk and reaping the majority of the gains.
To explain more about the challenges faced by the entrepreneur are as follows:
- Creating a Vision and a Business Concept
- Raising Funds for Your Startup
- Putting Together a Business Team
- Locating a Good Business Location
- Recruiting Good Workers
- Identifying Potential Clients
- Competitor management
- Unpredictable Business Difficulties and Expenses, among many other things
Hence, these are some of the challenges faced by the new entrepreneur.
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Explanation:
Market Positioning states that how customers thinks how they are reaching with the branded products about their quality, quantity, and price of the product and how they are comparing the products from one brand to another brand. The market verifies things from customers by making healthier relationships.
So, the market positioning is targeting the customers for understanding the necessity of the product.
