Strategic competitiveness is achieved when a firm successfully formulates and implements a value-creating strategy.
Access to customers (place, time competitiveness) Customer service, brand support Costs - price competitiveness Asset Utilization- inventories, fixed assets
companies enter into strategic alliance
what are the role of the strategic manaegement in H.R. and Marketing ?
How is a business mission and a strategic vision formulated?
yes
Strategic implications refer to the potential outcomes or consequences of a strategic decision or action for an organization. They involve assessing how a decision will impact the overall direction, performance, competitiveness, and sustainability of the organization. Understanding strategic implications helps leaders make informed choices that align with broader organizational goals and objectives.
how dose the government help competitiveness
Council on Competitiveness was created in 1986.
Institute for Economic Competitiveness was created in 1998.
Competitiveness Policy Council was created in 1988.
Conducting a SWOT analysis is important for a business's strategic planning because it helps identify its strengths, weaknesses, opportunities, and threats. This analysis provides valuable insights that can inform decision-making, improve competitiveness, and maximize the business's chances of success in the market.
IT can be viewed as both a strategic weapon and a survival tool, depending on the context. As a strategic weapon, it enables organizations to innovate, enhance competitiveness, and create new business models. Conversely, it serves as a survival tool by ensuring operational efficiency, data management, and basic functionality in an increasingly digital world. Ultimately, the effectiveness of IT lies in how organizations leverage it to achieve their goals.
True. Having a strategic view of warehousing is essential for optimizing inventory management, reducing costs, and improving overall supply chain efficiency. It enables companies to align their warehousing operations with business goals, respond effectively to market demands, and enhance customer satisfaction. Without a strategic perspective, businesses may face challenges in scalability, flexibility, and competitiveness.
Here's an example: "Thomas' competitiveness is getting the best of him and raising his huge ego".
Toshimitsu Motegi is the Minister in Charge of Industrial Competitiveness for Japan.
Institute for Economic Competitiveness's motto is 'Nationally Recognized, Locally Focused'.
Strategic control is essential because it ensures that an organization remains aligned with its long-term goals and objectives while adapting to changing environments. By monitoring and assessing performance against strategic plans, companies can identify potential deviations and make timely adjustments. This proactive approach helps mitigate risks, optimize resource allocation, and enhance overall competitiveness. Ultimately, strategic control fosters agility and informed decision-making, enabling organizations to respond effectively to market dynamics.