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How do E-business and IT help organizations in achieving sustainable competitive advantage?
e-business and IT help organizations in achieving sustainable competitive advantage?
Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because?
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
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.
What are the sources of the firm's market power?
The source of a firm's market power is its competitive advantage. When a business has a competitive advantage they can use that to make significant changes in the industry.
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
Where does competitive advantage come from?
Competitive advantage can come from products, employees and operations. When a firm has a competitive advantage, they are able to operate as a leader within their industry.
What is the Competitive advantage of GM?
Differentiation advantage
Competitive advantage industries in Mexico?
Cheap raw materials and labor; closeness to a large export market (United States) and a medium-sized internal market (Mexico). Tax incentives for manufacturing plants along the US-Mexico border.
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 is mean by fit drives both competitive advantage and sustainability?
fit drives both competitive advantage and sustainability?
What does competitive advantage have to do with strategic planning?
Competitive Advantage is vital to Strategic planning. Strategic planning identifies strengths and weaknesses and visions and missions for the future. Competitive advantage relys on the benefits of the companies strengths and act upon them to turn them into competitive advantage. Other firms can't duplicate strategy or competivness that they don't have.
What is the definition of competitive behavior and what causes it?
Competitive Behavior refers to a self interest or advantage that an individual,Enterprise, Companies or industries have over its competitors in-order to increase its strength, Wealth or Personal gains. Cause could be anything from Creed to selfishness. Nelson G
What are the Building blocks of competitive advantage?
1- Efficiency 2- Quality 3- Innovation 4- Customer responsiveness = Competitive advantage
Discuss the IT concepts of competitive strategy?
A Competitive Strategy is decisions that generate action that produces results.A competitive strategy answers the following questions. How do we define our business today and how will we define it tomorrow? In what industries or markets will we compete? The intensity of competition in an industry determines its profit potential and competitive attractiveness. How will we respond to the competitive forces in these industries or markets (from suppliers, rivals, new entrants, substitute products, customers)? What will be our fundamental approach to attaining competitive advantage (low price, differentiation, niche)? What size or market position do we plan to achieve? What will be our focus and method for growth (sales or profit margins, internally or by acquisition)?
How do E-business and IT help organizations in achieving sustainable competitive advantage?
e-business and IT help organizations in achieving sustainable competitive advantage?
What has the author James A Fitzsimmons written?
James A. Fitzsimmons has written: 'Service management for competitive advantage' -- subject(s): Service industries, Management 'Service operations management' -- subject(s): Service industries, Management, Study and teaching, Industrial management, Operations research
What is Pepsi's competitive advantage?
According to statistics, in 2010, Pepsi had 11.5% of the global soft drink market.
