Want this question answered?
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.
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.
k
mask work
that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through
helps the company to grow globally
helps the company to grow globally
helps the company to grow globally
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.
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?
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.
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.
mask work
k
A certain company would become globally competitive ifThey must have global competitive workers with diversified skills and expertise is certain regions to produce a global competitive products. It means they must have to hire international experts for their certain target markets. For example if their target markets are in Asia then they must hire Filipinos or Chinese or Indians who knows the culture, taste, and demands in Asia. Why Filipinos, Chinese or Indians? Because the 3 mentioned nationals are having the highest population in Asia and they would tend to be dominant in most markets. Their worker also must have a globally competitive tongue. If they will hire Koreans or Vietnamese then they must have to be sure that such people could be understood by the global customers.Their products or services are globally competitive. Meaning they have the ability and capability to compete their product or services globally with other global competitorsThey have access to the international markets to compete globallyThey have enough fund to boast investment or to cater the global demands of their products or servicesKnowledge and expertise the rules and regulations in competing globally.
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'.