Business Strategy Business & Marketing Essay Paper (Essay Sample)
questions related to business strategies used in an organizationsource..
What is the difference between operational effectiveness and strategic positioning?
The established view of competitive advantage in the world of business has been activities or a set of actions. That allows a company to either create better consumer value than rivals or to create the same quality at a lower cost. These activities thus lead to a situation where the company can charge more than the competitors or has a lower price for its products, thus driving profitability upwards (Porter, 3). Any such set of activities when performed better than the rivals lead to better operational effectiveness. Hence operational efficiency is the pursuit of perfection in the same activities that others do. Thus, this is self-limiting as once all the possible best practices are adopted given a set of technological constraints, the companies would be limited to the boundary of the Productivity Frontier. Also, since most methods can be replicated, following such activities do not lead to a sustained advantage. But instead lead to competitive convergence, a situation where every company attempts to reach the productivity frontier and offers similar products and services, intensifying competition.
- Implementation Of Technology In Business Business & Marketing EssayDescription: Information communication is the first key to Zara’s success as it affects strongly the development of its effective selling strategy. The “living fashion” plan implemented at Zara means that the company focuses on redesigning new output lines every two weeks (García-Álvarez 998)...1 page/≈275 words| 2 Sources | MLA | Business & Marketing | Essay |
- The Wages Business & Marketing Essay Research PaperDescription: There have been protests among fast food workers in almost all parts of the United States as seen in the recent news. These fast food workers want their minimum wage to be increased to 15 dollars an hour. Some of these employees work in fast food chains such as Burger King and McDonalds. ...3 pages/≈825 words| 2 Sources | MLA | Business & Marketing | Essay |
- Tata Motors Business & Marketing Essay Research PaperDescription: Tata Motors is the largest Indian conglomerate whose name is also associated with brands like Jaguar and Land Rover. Its product can be traced around the globe, but its domination is mainly evident in India and other Asian nations. Though not highly popular, the brand has been available...1 page/≈275 words| 2 Sources | MLA | Business & Marketing | Essay |