Do you think competitive advantage can be gained when CI is implemented in small businesses as it does with big organizations
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Do you think competitive advantage can be gained when CI is implemented in small businesses as it does with big organizations
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- Mangement What are the key elements of a successful long-term strategic plan for a business ororganization?Sometimes technology advances can usher in a whole new set of competitors that can change a firm’s business model. True or false? Explain with an example?What does your business do poorly, What problems could be avoided?
- How business managers are to be trained?What kinds of strategies might: (a) a small pizza place operating in a crowded college market, and (b) a detergent manufacturer seeking to unveil new products in an established market use to strengthen their business models?2. Explain the problems we would have if there was a “law of entrepreneurship.” 3. How does each of the four attributes of resources contribute to SCA? 4. What is the difference between competitive advantage and sustainable competitive advantage?
- As a group of aspiring entrepreneurs, you must create a business plan for an Agro-Processingbusiness in any Caribbean country (not an existing business/company). Development and Production PlanMaintaining your output level in order to meet your customers' demands is anecessary skill. As a result, the following questions must be addressed: • Do I need anyone to assist in the production (you may want to be a bitmore specific here)?• If special skills are needed, how can they be acquired and retained?• What are the total production costs?In order to estimate the cost of production you would need to do the following:• Identify all the inputs needed to produce and sell.• Calculate the cost of the production of a specific quantity that you canmanage.• Identify production inputs under the following headings:Fixed cost: Costs that will be incurred regardless of the level ofproduction.Variable Costs: Costs that are directly related to the level of production.The more goods produced, the more…"Many of the successful companies that we see today had their humble beginnings as a bootstrapped enterprise. Examples of these include: Dell Computers (DELL), Facebook Inc. (FB), Apple Inc. (AAPL), Clorox Co. (CLX), Coca Cola Co. (KO), etc.” If they can do, so can you. Identify the different types of bootstrapping strategies/ideas that an entrepreneur can map?In competitive markets economic profit becomes zero in the long-run. However, it is also possible for somefirms to earn a greater accounting profit and to enjoy a higher producer surplus than other firms. How is it possible?
- How does this benefit–sacrifice ratio give Planet Fitness a competitiveadvantage in its industry?What are the problems discuss in this article? How does it relate to business? Give some of the main points discuss. Small businesses are referred to as the backbone of the economy for a reason. They employ 46% of American workers and make up nearly half of GDP, and they boomed during the pandemic as new business applications set records. But things have turned the other direction in the last year, first because of soaring inflation and then major regional bank failures—headlined by the second and third-largest collapses ever, at Silicon Valley Bank and Signature Bank. The specter of banking consolidation is rising, and with it an even more challenging economic environment for small business, raising the questions: What becomes of the entrepreneur if their local bank goes away? Is the banking system stable? And is a credit crunch on the horizon? Underscoring the open nature of this debate, expert opinion is splitTreasury Secretary Janet Yellen has said that the banking situation is…How do you currently describe the business climate locally, regionally, and globally? What are the implications for the companies in the same industry as your CLC group’s company? Explain why. Explain and cite examples using Google Scholar.