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Competitive advantage comes from
1. Creative products, which technology may help support
2. Excellence of service, where technology may support with speed and accuracy
3. Customer closeness, where technology may support customer analytics and contact points.
4. Low costs, which technology may support in many ways
What else can I help you with?
How A company's strategy and its quest for competitive advantage are tightly connected because?
A company's strategy outlines its long-term goals and the approach it will take to achieve them, while competitive advantage refers to the unique attributes or capabilities that allow it to outperform rivals. The strategy defines how a company will leverage its strengths and differentiate itself in the market, thereby creating and sustaining that competitive advantage. Without a clear strategy, a company may struggle to effectively utilize its resources and capabilities, resulting in lost opportunities to gain an edge over competitors. Therefore, a well-aligned strategy not only guides decision-making but also ensures that the quest for competitive advantage is focused and coherent.
How do companies use information systems to improve their core competencies?
Companies use information systems to store and analyze customer information. With the information systems in place, the company can gain a competitive advantage.
Which area do you believe contributes most to helping a company gain a competitive advantage?
Price, service and location can contribute to a company's competitive edge. Sometimes, one of the above elements is enough but should be weighed against other factors. A price that's low in comparison to XYZ Mart gives a business an advantage. Many people will go out of their way to find a bargain. A company's service is like a business card. It represents you, your business. A company with quicker service and good results could have a competitive edge. A company that's easily accessed has a competitive edge. People are likely to do business where there's no hassle getting to and from a location. Still, all elements have to be looked at in totality.
Can the business use of internet technologies help a company gain a competitive advantage?
Yes, the business use of internet technologies can significantly help a company gain a competitive advantage. By leveraging tools like e-commerce, social media, and data analytics, companies can enhance customer engagement, streamline operations, and make informed decisions based on real-time data. Additionally, internet technologies enable better communication and collaboration, allowing businesses to respond swiftly to market changes and customer needs. Ultimately, effective use of these technologies can lead to improved efficiency, innovation, and customer satisfaction.
What is the advantage of maintaining an adequate working capital in a small business?
The advantage of maintaining an appropriate amount of working capital is the ability to take advantage of opportunities that exist. If the company doesn't have this money, then the competition may take advantage and gain more market share.
What is airasia new technology to gain competitive advantage or improve its profitability?
they dont have any technology
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?
How can a company gain a competitive advantage over its competitors?
mask work
Could a company gain a competitive advantage in its respective industry by having access to more information over its competitors?
Yes, that is a potential way to gain a competitive advantage. However, it is not only having the information, it is what that information means and/or how it is used.
Use of internet technologies help a company gain a competitive advantage?
If one company uses the Internet to tell customers what the sell and where the company is based then more customers will know about the company
How can you describe four trends in the global business environment that have made information systems so important?
It helps company to gain a competitive advantage
How can information help an organization gain a competitive advantage?
it can't.
How information can help an organization gain competitive advantage?
it can't.
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
How human resource management can be instrumental in helping a company to create competitive advantage?
If we want to proof human resource as an instrument for gaining competitive advantages in a company we should focus on two things, one is competitive advantage and another is human resource management process. We know if any side of a company is more efficient than other companies in between a same industry is called competitive advantage. Competitive advantage is something that means, to achieve the goals how my internal resources support me. Competitive advantage is related to internal resources of an organization. On the other side we know human resource is the most important and most effective resource for any organization. Human resource is something that has no alternative for achieving the organizational goals. By using this tool one organization can gain it's goals The preconditions for achieving competitive advantage are many but low cost and high productivity are the most important for gaining competitive advantages. If a company has a efficient work force or human resource that is technologically advanced and flexible it's may be possible for that company to gain more competitive advantages into the respective industry. By formulating and executing the work force of a company it can achieve its goals and it can also increase its productivity. More productive the company more advantages in the market. Productive company can fulfill the demand of a market. BY: CHARITY YATTS
How can a company gain competitive advantage by having higher productivity than its competitors?
A company can gain competitive advantage through higher productivity by achieving lower production costs, which allows it to offer competitive pricing or increase profit margins. Enhanced productivity can lead to faster turnaround times, enabling the company to respond swiftly to market demands and customer needs. Additionally, higher productivity often correlates with improved quality and innovation, further distinguishing the company from its competitors and fostering customer loyalty. Ultimately, this combination of cost efficiency, responsiveness, and quality can solidify the company's position in the market.
How can coca cola gain competitive advantage in marketing?
This question is not precise enough. What is a competitive advantage in marketing? Economies of scale? Getting the right message across that captures the customer?
