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How can an entrepreneur give his or her firm a competitive advantage?
Wiki User
∙ 10y ago
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'.
Wiki User
∙ 10y ago
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What is entrepreneur and give example?
Some people say an entrepreneur is a person that starts his/her own business but there is a better answer.An entrepreneur is someone like you and me with the exception that he/she makes money for you and me by rendering a service or making a product that is unique.
Could you give me an example for digital firm?
DELL Corporation is a digital firm.
What is comparative advantage in Grenada?
give me the answer
How can food processing help in the economy of your country?
A nation's economy can be helped by the development of industries that use a principle called competitive advantage. If the cost to the nation (in terms of what it must give up to perform the tasks of that industry) are lower than those in economies with which it might trade, that nation is said to have competitive advantage. The industry will then stimulate beneficial trade for the nation processing the food. In the current global economic environment, industries that are labor intensive, such as food processing, can be good candidates for this beneficial trade.
How does Daimler Chrysler establish its competitive advantage?
The proposed merger between the Daimler Corporation and Chrysler was to be the merger between two equally prominent companies to create an enhanced global brand. Daimler outlined a strategy using technology, product design, and good customer relations to give the company a competitive advantage. However, the Daimler Corporation later admitted it had never intended to form a partnership with Chrysler, and it was always been intended as a mere acquisition, not an equal partner. Apparently, the only reason they had claimed that it would be a partnership, was to fool the public and stockholders.
What is the argument in favor of IT giving a competitive advantage?
go to give
Is licensing proprietary technology to foreign competitors is the best way to give a firms competitive advantage?
Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss
When responding to inquires if the information being shared will give anotehr individual an unfair advantage or competitive edge it is considered to be?
competition sensitive
What is an order qualifier?
Performance dimensions on which customers expect a minimum level of performance. Superior performance on an order qualifier will not, by itself, give a company a competitive advantage.
How does allelopathy give an organism an advantage?
Allelopathy in plants gives the organism a competitive advantage because the toxic chemical produced prevents other plants growing nearby and eliminates the competition for light, space, water, and nutrients in the soil.
How can a firm simultaneously build and defend a competitive position?
The best way to build and defend a competitive position is to ensure that the strategy of the business is kept secret. To do this, management must strategically create products and services that align, yet don't give too much information about the strategy to their competitors.
Can you give me a sentence using the word boomtown and entrepreneur?
The raw boomtown was ripe for an enthusiastic entrepreneur to step in with some hard cash.
Why is the stock prices important to a firm?
its inportant to the firm on the cause that it give some reputation, it also ofthen give a valiu of the state of that firm (Notice: the firm can have a low stock and goes good)
What synergies do you see in the merged AOL Time Warner Company that can give it the competitive advantage?
AOL/Time Warner has a competitve edge because it maintains control of a lot of important and influential companies.
What is entrepreneur and give example?
Some people say an entrepreneur is a person that starts his/her own business but there is a better answer.An entrepreneur is someone like you and me with the exception that he/she makes money for you and me by rendering a service or making a product that is unique.
Could you give me an example for digital firm?
DELL Corporation is a digital firm.
What three centres or providers that can give programs for an entrepreneur?
umsobomvu youth funds
