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It seems to me that company's who invest in their employees and those which are serious about social responsibility tend to do well. One company that comes to mind is Starbucks. Some animosity toward Starbucks exists for their encroachment on local, "mom and pop" joints. However, many would argue that a large percentage of their growth is derived from their redefining the entire coffee industry which -- in turn -- has benefitted thousands of people, including their direct employees who are some of the most satisfied in the world, even beating out Microsoft. Finally, (1) on-the-job training (2) benefits for part-timers (3) an easy-going atmosphere that encourages creativity, (4) people-centered environment (for example, encouraging policy changes or implementation from the bottom up as opposed to the outdated, military-style, top-down model). Are keys to giving a company a competitive edge through its people.
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Is a strong brand identity on its own a source of sustainable competitive advantage?
A strong brand identity can contribute to sustainable competitive advantage, but it is not sufficient on its own. It helps differentiate a company from competitors, fosters customer loyalty, and can command premium pricing. However, to maintain this advantage, a brand must also consistently deliver quality products or services and adapt to market changes. Ultimately, a robust brand identity should be supported by operational excellence and strategic innovation to ensure long-term sustainability.
Steps in marketing process?
The marketing starts with research and resource planning and carrying out promotional activities to ensure that the firm gets a competitive advantage. The research involves knowing the needs of the masses and then getting products that can meet those needs in a profitable manner.
What is sales executive?
Sales Executive helps her/his company maximize sales. Their role helps to ensure the commercial success of a company.
What is company oriented pricing?
Pricing driven by a company's internal factors. The company will take a stock of all the internal costs and determine a pricing that will ensure a return. e.g. Cost plus method.
Why is service quality important in today's business environment?
Quality of Service In today's competitive carrier environment each carrier needs an edge to ensure they extract the maximum amount of information from their systems.
What does competitive advantage have to do with business process analysis?
Examining your business processes to ensure that they are efficient will help you get a competitive edge. The faster your machines are able to produce products, the faster consumers will have them; this gives the business a competitive advantage.
Explain how human resources management can be instrumental in helping a company create a competitive advantage?
Human resources management (HRM) plays a crucial role in developing a competitive advantage by effectively recruiting, training, and retaining top talent, which directly impacts an organization's performance. By fostering a strong organizational culture and promoting employee engagement, HRM enhances productivity and innovation. Additionally, HRM practices such as performance management and succession planning ensure that the company is agile and can adapt to market changes. Ultimately, strategic HRM aligns workforce capabilities with business goals, driving sustained organizational success.
How competitive is Carole Nash insurance for bikes?
Carole Nash is just one company that provide motorbike insurande. Their online presence and size and scale ensure competitive quotes. The also cover all major manufactures. The company provide what they call 'givens', these are the extras that other companies charge.
What is strategic level of production?
The strategic level of production refers to long-term decisions that shape the overall direction and framework of a company's manufacturing processes. This includes planning for capacity, technology investments, supply chain management, and aligning production capabilities with business goals. At this level, organizations assess market trends, competitive positioning, and resource allocation to optimize efficiency and profitability. Ultimately, strategic production decisions aim to enhance the company's competitive advantage and ensure sustainable growth.
What is forfeiting and advantage?
Forfeiting an advantage is voluntarily giving up a favorable position or benefit that one possesses. This may be done to ensure fairness or uphold rules in a competitive situation. It involves intentionally relinquishing a perceived edge in order to maintain integrity or respect for the rules of a game or competition.
What is a protected advantage?
A protected advantage refers to a unique benefit or position that a company or individual possesses that is safeguarded from competition, often through legal means such as patents, trademarks, or exclusive rights. This advantage allows the holder to maintain a superior market position, leverage pricing power, or ensure customer loyalty. It typically arises from innovations, proprietary technology, or brand reputation that competitors cannot easily replicate.
How would you ensure that you acquired new skills to maintain your competitive edge?
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Steps in marketing process?
The marketing starts with research and resource planning and carrying out promotional activities to ensure that the firm gets a competitive advantage. The research involves knowing the needs of the masses and then getting products that can meet those needs in a profitable manner.
Which company provides airport parking on much competitive rates at gatwick airport?
London Parking Gatwick ensure you there is no hidden charging on your debit card or credit card transactions for more info check this out @ londonparkinggatwick.co.uk
What is it called when a company wipes out all the competition?
When a company wipes out all its competition, it is often referred to as achieving a monopoly. In a monopoly, a single company dominates the market, controlling prices and supply, which can lead to reduced choices for consumers. This practice can raise concerns regarding anti-competitive behavior and is often subject to regulatory scrutiny to ensure fair competition.
Reasons why businesses combine. what are the reasons why they combine?
1- Cost Advantage2-lower risk3- fewer operating delays4-avoidance of takeovers5-acquisition of intangible assets
Why is knowing about the customer so important to a company such as 7-Eleven?
knowing one s customer is quite important for a company to attain a certain sales growth and customer relation strenght.These are the reasons why a company must know its customer; 1/ To ensure customer's satisfaction 2/ To improve sales 3/To bring customers more closer to the company through sales promotions 4/To ensure that products are being produced according to customers needs and demands. 5/To ensure that there is an accurate statistics of flow from the company products to the customers. 6/To ensure there is a good customer relations' program in the communities where the company is situated and the customers at large.
