ovation and Competitiveness and if you believe that there is (or is not) a correlation between them, explain why.
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Explain the concepts of Quality, Innovation and Competitiveness and if you believe that there is (or is not) a correlation between them, explain why.
Step by step
Solved in 3 steps
- Why is performance evaluation critical in strategic planning?Briefly evaluate the strengths and potential sources of competitive advantage in your organization using value-chain analysis (Using a real-world example)Explains the role of innovation in the value chain. Defines what a competitive advantage is and describes how it can be obtained throughout the value chain.Conclusion: Choose an example from a real-life business. Apply the concept of the value chain to the business you chose. Describes how each of the components of the value chain is manifested in the selected business. Then, answer the following question: which of the activities in the value chain presented is the most important for the operations of that type of business and why?
- Provide the business strategy or a possible business strategy of a local, national or global company. Explain why the business strategy is important for the company to succeed. Explain what is meant by the term competitive priority and describe the four categories of competitive priorities discussed in the chapter. Please identify one competitive priority the company identified in question one is using. Describe the meaning of productivity. Explain the three types of productivity measures. Describe one type of productivity measure your company identified in question one is using. How is this related to their business strategy, mission or vision? Describe the three types of technologies. Explain the strategic role of technology? Please identify which of the three technologies your company identified in question one is using. If it is a product technology, please provide the name of the product.1)Hatil furniture sells wooden furniture to its customers, If it wants to maintain its product quality, what costs should it incur? Explain with proper examples. 2)What would be your suggestions to improve their product quality continuously?Is superior quality can be measured as competitive advantage? Why or why not?
- Explain the following based on your knowledge and give sample scenario in the business: 1. Core Competencies Analysis 2. Performance Analysis Elaborate your answer.Select a business organization and describe its competitive environment for the products or services. What are the implications of this for the selected organization?a. Explain the Bonia Company can performance results be pinpointed by area, unit, project, or function? b. Explain the Bonia Company is the information timely? c. Is the Bonia Company using benchmarking to evaluate its functions and activities?
- Attempting to link improvements to business strategy, explain how the generic performance measures can contribute to the overall strategy objectives of an organization.Make a recommendation to Tim Cook, the CEO of Apple, about actions he could take to improve firm performance.Using further information from the Internet, write a brief account of how different elements of the temporal and competitive environments interact to influence the situation at Nokia.