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How travel and tourism organizations gain competitive advantage to achieve business aims?
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Why do all organizations need to rely on groups and teams to achieve their goals and gain competitive advantage?
Explain and discuss why organizations need to rely on groups and teams to achieve their goals and gain a competitive advantage
What has the author Andrew Kenny written?
Andrew Kenny has written: 'How does British Airways achieve competitive advantage through its business unit strategy?'
What is developent strategy?
A strategy is an organizations plan to achieve its mission - which is the purpose for the organizations existence. The development process involves three conceptual ways in which firms achieve their missions: * Differentiation * Cost Leadership * Response Effective strategies are also developed through proper evaluation of a S.W.O.T. analysis to gain competitive advantage
What is strategy development process?
A strategy is an organizations plan to achieve its mission - which is the purpose for the organizations existence. The development process involves three conceptual ways in which firms achieve their missions: * Differentiation * Cost Leadership * Response Effective strategies are also developed through proper evaluation of a S.W.O.T. analysis to gain competitive advantage
How Information Systems Achieve Competitive Advantage?
information systems help to achieve competitive advantage by giving information about the competitive forces of the market which will help the company to develop their product, service and capabilities better than their competitors and they will be able to provide good and service to the customers in a better cheaper and faster way.
When does a company achieve a sustainable competitive advantage?
when buyers prefer its products over competitors' in the long term
Ask questions if you dont understand?
ask the employer to repeat the question
What is logistics alignment theory?
Logistics alignment theory suggests that a company can achieve competitive advantage through aligning its logistics activities with its overall strategy. By ensuring that supply chain, transportation, and distribution activities are in sync with corporate goals, organizations can enhance efficiency, reduce costs, and improve customer satisfaction. This theory emphasizes the importance of integrating logistics decisions with broader business objectives.
What is the definition of business organization?
A business organization is an individual or group of people that collaborate to achieve certain commercial goals. Some business organizations are formed to earn income for owners. Other business organizations, called nonprofits, are formed for public purposes.
What criteria be met if firms are to achieve a competitive advantage through their employees?
A competitive advantage can be gained by offering the consumer a greater value than the competitors, such as by offering lower prices or providing quality services or other benefits that justify a higher price. The strongest competitive advantage is a strategy that that cannot be imitated by other companies. Competitive advantage can be also viewed as any activity that creates superior value above its rivals. A company wants the gap between perceived value and cost of the product to be greater than the competition.
What criteria must be met if firms are to achieve a competitive advantage through their employees?
A competitive advantage can be gained by offering the consumer a greater value than the competitors, such as by offering lower prices or providing quality services or other benefits that justify a higher price. The strongest competitive advantage is a strategy that that cannot be imitated by other companies. Competitive advantage can be also viewed as any activity that creates superior value above its rivals. A company wants the gap between perceived value and cost of the product to be greater than the competition.
Functios of communication?
In a business, the functions of communication are persuasion, motivation, and information. Many organizations use this technique to achieve success.
