Top – down analysis generally refers to using comprehensive factors as a basis for decision making. The top – down approach seeks to identify the big picture and all of its components. These components are usually the driving force for the end goal. Top – down is commonly associated with the word “macro” or macroeconomics.
Top down selling is a sales strategy wherein a salesperson approaches a sale by starting at the highest price available and gradually negotiating down in the interest of landing on a price that they and their prospect are satisfied with.
A top down analysis is calculated by determining the total market , then estimating your share of that market . A bottom up analysis is calculated by estimating potential sales in order to determine a total sales figure.
A top – down approach in business describes a traditional organizational style that emphasizes the imperatives and vision of upper management. Most small businesses automatically use the top – down approach because they’re apt to have only two layers: owner and employees.
Public Health: The top – down approach in public health deals with programs that are run by whole governments of intergovernmental organizations (IGOs) that aid in combating worldwide health-related problems. HIV control and smallpox eradication are two examples of top – down policies in the public health sphere.
The advantage of this approach is that decisions can be made and implemented very quickly. This is particularly important when time is limited. The other benefit of top-down project planning is that it helps align the project goals with the organization’s strategic goals as upper management is giving the directions.
Definition : Upselling is the practice of encouraging customers to purchase a comparable higher-end product than the one in question, while cross-selling invites customers to buy related or complementary items. Though often used interchangeably, both offer distinct benefits and can be effective in tandem.
Top down approach starts with the big picture. It breaks down from there into smaller segments. A bottom – up approach is the piecing together of systems to give rise to more complex systems, thus making the original systems sub-systems of the emergent system.
Suggestive selling (also known as add-on selling or upselling) is a sales technique where an employee asks a customer if they would like to include an additional purchase or recommends a product which might suit the client.
Top – down analysis looks at the “big picture” first for an investment idea or selection of stocks. After stocks have been identified as ideally placed to benefit from global trend, then the analyst will look into the actual details and balance sheets of this subset to make a final investment decision.
A bottom – up investing approach focuses on the analysis of individual stocks. In bottom – up investing, therefore, the investor focuses his or her attention on a specific company rather than on the industry in which that company operates, or on the economy as a whole, Cortazzo said.
Your ” market size ” is the total number of likely buyers of your product or service within a given market . To calculate market size , you need to understand your target customer. Assess interest in your product by looking at competitor sales and market share, and through individual interviews, focus groups or surveys.
Types of organizational structure to consider for your business Hierarchical structure . Functional structure . Divisional structure . Flat structure . Matrix structure . Team structure . Network structure . Projectized structure .
Traditional organizational structures come in four general types – functional , divisional , matrix and flat – but with the rise of the digital marketplace, decentralized, team-based org structures are disrupting old business models.
Bottom – up management occurs when goals, projects, and tasks are informed largely by employee feedback. Employees are invited to participate in goal setting — sometimes simply with feedback, sometimes with a stake in the decision. These goals, projects, and tasks are then communicated by each team to senior leadership .