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How can a network help a company to gain and maintain a strategic competitive advantage?
Wiki User
∙ 14y ago
A network will allow all the computers and printers to be linked together as one.
Because of that, everyone in the company will be more functional by using the same up to date data from databases. ?In other words, live information.
It will also enhance communication since everyone is linked to each other.
Competitive advantage: ?your company operates faster and more efficiently which could also lead to lower costs.
Wiki User
∙ 14y ago
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What is the definition of strategic control What is the definition of strategic implementation?
Strategic control can be defined as process of monitoring as to whether to various strategies adopted by the organization are helping its internal environment to be matched with the external environment. Strategic control processes allow managers to evaluate a company's program from a critical long-term perspective. This involves a detailed and objective analysis of a company's organization and its ability to maximize its strengths and market opportunities. There are four types of strategic control as follows: # Premise control: is designed to check systematically and continuous whether or not the premises set during the planning and implementation process are still valid # Implementation control: is designed to assess whether the overall strategy result associated with incremental steps and actions that implement overall strategy. # Strategic surveillance: It is designed to monitor a broad range of events inside and outside the company to threaten the course of firm's strategy. # Special alert control: is the need to thoroughly and often rapidly reconsider the firm's basic strategy based on a sudden unexpected event.
What is internal public?
Public relations is the goal to maintain a positive view of a company, country, or person. International public relations is related to establishing and maintaining positive relationships between countries.
What are things to consider in choosing a courier company?
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What are some companies that provide cheap postage services?
Basically any world known service of transporting goods has a pretty competitive rate, such as the United States Parcel Service or UPS. A Company called Stamps offers good pricing too.
What are the advantages of BT Business Broadband?
BT Business Broadband has speed as its greatest advantage. In addition, it is economical which is a necessity in the world of business. Business and home usage have different applications. At last a company realizes this.
What is Equity strategic alliance?
Strategic Alliance: Is an alliance(a business strategy) in which two or more firms own different percentages of the company they have formed, by combining some of their capabilities and resources for creating a competitive advantage in the market. For Example: In Pakistan (Karachi), "own % of RBS,Barclays and CitiBank" when combine together their resources & capabilities they form a competitive advantage now named as "FAYSAL BANK".
How can a company create a competitive advantage?
The best way that a company can create a competitive advantage would be to differ in what services they provide compared to similar companies. This gives them an edge and will draw in more customers by having this advantage.
What does competitive advantage mean and what is one means of identifying?
A competitive advantage is something that allows one company to outperform competitors. One way to identify a competitive advantage is comparing profits. If one competitor has higher average profits, then it has some kind of competitive advantage.
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
What reservations would you have in developing computerized applications to gain a competitive advantage in an important market for your company?
What is the connection between a company's strategy and its quest for sustainable competitive advantage?
The central thrust of a company's strategy is undertaking moves to build and strengthen the company's long-term competitive position and financial performance by competing differentlyfrom rivals and gaining a sustainable competitive advantage over them.
What is competitive advantaged?
Competitive advantage is a term given to any factors that helps a business succeed over its rivals. If a business has a better location than another rival business, that would be a competitive advantage. Another example of competitive advantage might be the company's products versus a rival's products or a company's total market share.
How can a company gain a competitive advantage over its competitors?
mask work
What competitive advantage does high brand equity provide a company?
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An analytical tool in which a company plots a strategic profile based on competitive factors is called?
SWOT
What are Limitations of strategic groups?
There are several limitations of strategic groups. These include industry structure, company differences, competitive changes, as well as industry revolution.
Why is it difficult for a company in one strategic group to change to a different strategic group?
When choosing a generic strategy for a business to follow, a company must look far into the future to see what the future of the market might be. A successful competitive advantage requires that a company make consistent product, market, and distinctive competency choices. After a company has chosen a strategy it can be very expensive to change their strategies. Generic competitive advantage strategies provide competitive advantages, but they are expensive to develop and maintain. For example, a simultaneous differentiation/cost-leadership strategy is the most expensive, because it requires that a company invest resources not only in functions such as R&D, sales, and marketing to develop distinctive competencies but also in functions such as manufacturing and materials management to find ways to reduce costs. In deciding on an investment strategy a company must evaluate the potential return from investing in a particular generic strategy. In this way it can determine whether pursuing a certain strategy is likely to be profitable and how profitability will change as competition within the industry changes. The industry life cycle also affects how strategies are chosen. Each stage of the life cycle has different implications for the investment of resources needed to gain a competitive advantage (Hill and Jones, 174). Tapasya Sharma Student of IMT
How can an entrepreneur give his or her firm a competitive advantage?
An entrepreneur can give his or her firm a competitive advantage by attempting to establish a unique image for their company. This unique image will help set the entrepreneur's business apart from their competition, thus driving more sales to their company over their competitors'.
