What strategy should a business manager follow to increase the competitiveness of his business?

Q: Business Strategy is about managing uncertainty, opportunity and enterprise. How does a firm…

A: Business growth can be defined as more sales of the product in the market and a successful company…

Q: What is more important for a firm–profit maximization or value maximization? What issues or conflict…

A: The rule of profit maximization refers that firm emphasizes on the maximization of profit.

Q: What do you think are the major factors for agribusiness firm  to evolve  and flourish their…

A: Agribusiness Agribusiness is a term used to depict the area that includes all monetary exercises…

Q: the concept of competitive advantage is central to your company

A: Competitive advantage – The competitive advantage refers to the factors that allows the company to…

Q: Understanding the strategic business possibilities inherent at the intersection of business and…

A: AS innovation turns into the impetus for business technique and change, the lines among business and…

Q: How does a strategically managed business differ from an organizationally managed business?

A: Strategic management is described as a form of management that involves evaluation of the…

Q: Bringing IT and the business strategy into alignment.

A: Business-IT alignment is a business strategy that prioritises the integration of IT operations with…

Q: business model of one company can be the same or different from other companies?

A: The business model defines the products and services that a particular company offers in a market,…

Q: What is your organization`s competitive advantage?

A: Competitive advantage refers to factors that permit an organization to produce goods or services…

Q: Discuss why you think the business failed and what could have been done differently to keep the…

A: Business refers to the activity of exchanging products and services for a sum of money. Business is…

Q: what are your entrepreneurial strategy recommendation for Nursery businesses in its operating…

A: In order to make any business successful an entrepreneur needs to think strategically about their…

Q: In determining the purpose of existence of a business, explain 4 steps that a business goes through…

A: COMPETITIVE ADVANTAGE: Competitive advantage refers to the advantage the business holds with respect…

Q: how to increase market share in a highly competitive industry? what are the challenges and what…

A: When there is a large number of firms selling similar kinds of products in a particular market, it…

Q: Considering that you are opening a new business of your own, so to know about the competitive…

A: Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape…

Q: What does achieving competitive advantage entail?

A: Competitive Advantage means the components through these a company can produce the goods and…

Q: Why is the Internet said to be the creator of new business models?

A: Internet is a medium of communication in marketing that helps in building long-term relationships…

Q: How can a firm best achieve sustained competitive advantage?

A: For any company, its growth in the market place is very important and gaining their market share…

Q: Should a business stick to its competitive strategy all throughout its life cycle?

A: Business strategies define the pathways that comprise action plans and decisions to reach objectives…

Q: Explain the benefits of competitive advantage?

A: Acompany is an entity which will create value for customers and shareholders. The shareholders will…

Q: Identify the organization’s competitive advantage. I

A: Competitive advantage refers to factors that allow a company to produce goods or services at a low…

Q: How has the Internet affected competitiveness?

A: Competitiveness refers to the degree of producing various products by different countries that meets…

Q: What are 5 most significant challenges associated with the implementation of an enterprise system…

A: Enterprise resource planning is also called enterprise system is described as a cross-functional…

Q: Uncertainty, incentive, and industry are all managed by business strategy. How does a company assess…

A: More sales of a product on the market and a profitable company bottom line are two examples of…

Q: Creating a sustainable competitive advantage may be the most important goal of any organisation and…

A: Sustaining means long lasting, so how the company sustain in the market for many years.  Sustaining…

Q: In examining the competitive dynamics within an industry, we discussed the need to first ascertain…

A: Competitive dynamics refers to the actions taken by competitors or business rivals in a competitive…

Q: edge within their particular business

A: Porter's Five Forces is a model that distinguishes and dissects five serious forces that shape each…

Q: Strategic alliances and networking helps to enhance the business competitiveness of a firm. Please…

A: A strategic alliance refers to an arrangement made between two companies who had decided to utilize…

Q: What is the relevance of the resources and capabilities of an organization in enabling competitive…

A: When an organization promotes profits that beat the standard for its industry, the organization is…

Q: Using the right strategy to face the competitive forces may give the company a competitive advantage

A: The statement is:

Q: Which are the three types of competitive advantage?

A: In business, competition is one of the major problems that entrepreneurs face when trying to make a…

Q: Why will we assess any business model, and how will we view our business solution that will deliver…

A: Business model is the layout that is prepared to guide the way of making profit and delivering value…

Q: Why is it important to know the market size of the business?

A: A Market is considered to be a place where trading/exchange of goods is done by people and…

Q: There are some corporate strategists who have suggested that firms focus on maximizing market share…

A: Corporate strategy:- Corporate procedure is a remarkable arrangement or structure that is long haul…

Q: In terms of environmental factors and risks, what type of strategies would provide value to the…

A: Environmental factors and risks are best defined by PESTEL - external factors Political factors…

Q: customer-driven corporate policy, supply chain management, and other supply chain elements get cited…

A: Supply chain management  (SCM) addresses a piece by vendors to create and perform supply chains…

Q: Discuss what are potential sources of competitive advantage for a company? Give examples

A: Competition in business is no exception, and it can make or break your organization. While it's…

Q: Explain How can technology improve competitiveness ?

A: Technology can improve competitiveness by focusing on core competencies and attract or retain…