& Competitive Advantage? Strategy is the creation of unique and valuable position involving a different set of activities.1 A firm is said to have competitive advantage when it is implementing a strategy which is not is being implemented by it’s current or potential competitors and also sustains profits that exceed the average for it’s industry. " Is Competitive Advantage enough? The goal of much of business strategy is to achieve a sustainable competitive advantage which is the same
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CSR AND COMPETITIVE ADVANTAGE Corporate social responsibility (hereinafter CSR) has become one of the central issues on the agenda of organizations today‚ but is still a long way from being a centre stage on corporate strategy (Smith‚ 2003; Stewart‚ 2006). One of the key problems is the lack of understanding about the impact CSR has on competitiveness (Porter and Kramer‚ 2006). There are many studies trying to analyze the relationship between CSR and financial performance (Chand and Fraser
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3OVERVIEW OF HUMAN RESOURCE /MANPOWER PLANNING Manpower planning is the first step towards manpower management. It refers to the process of using available assets for the implementation of the business plans. It also involves the process of coordinating and controlling various activities in the organization. An effective manpower planning requires a careful assessment of the future needs of the organization. It involves the development of strategies to match the requirement of employees and availability
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The advantages of a mixed economy are many. Depending on the ratio of capitalistic elements to socialist or mercantile elements‚ there are many freedoms in a mixed economy. People may go into business for themselves‚ decide what they will produce or sell‚ and set their own prices. Business owners and merchants pay taxes‚ but they reap the benefits of those taxes through social programs‚ roads and other infrastructure elements‚ and other government services. The mixed economy is helpful in increasing
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Advantages of a nuclear family are: 1.) Stability. A child raised by the same two parents during their maturing years is more likely to have emotional bonding and relationship stability. Children raised by a single parent will likely have a sense of loss for the missing parent and lack the advantage of duel insights‚ emotional support and examples that come from having both a mother and a father. 2.) Legacy. A nuclear family of a husband and wife provides a life long consistancy of purpose
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Advantage and Disadvantage of AEC 1 Business of Tourism in Thai will grow: Because Thai is the center of the AEC according on geographic then Thailand will be the main hub for travelling though other country 2Economic Growth: more opportunity for each country because of the bigger size of market and free flow of labor and capital 3 Free Trade Area a common external preferential tariff scheme to promote the free flow of goods within ASEAN.[44] The ASEAN Free Trade Area (AFTA) is an agreement
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Middle Class Advantages: The middle class has access to good healthcare. Health insurance is expensive‚ and even healthcare. Also the middle can afford everything they need. Since the middle class often has children‚ they are allowed a family bundle. Also they have enough money that they can afford bills‚ and what they need. Children born in the middle class has more social mobility‚ the ability to move up a class like to upper-middle class. When their children go to college‚ they get a job‚ and
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Establishing a Competitive Advantage Competitive advantage is a benefit for any company to strive to achieve. A competitive advantage is an advantage over competitors gained by offering consumers greater value‚ either by means of lower prices or by providing greater benefits and service that justifies higher prices (tutor2u‚ 2009). A company that has attained competitive advantage over others creates a unique selling point or USP and allows that company to gain a larger market share by being
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ADVANTAGES OF VERBAL COMMUNICATION ARE; No use of technology to interact that would waste natural resources. It is the fastest way of interaction with each other. It is less expensive to interact with people. It is easier to understand a conversation than some other multimedia means of communication. During verbal communication you can utilize nonverbal cues such as tone‚ body language‚ inflection. You can have long conversations. And does not require lots of repetitions. Because it is clear
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Dell’s Competitive Advantage Focusing on cost leadership has allowed Dell to sustain a competitive advantage in the PC market for the last few years. The primary method Dell uses in order to realize and sustain their competitive advantage is a distinctive‚ direct to consumer business model. The model is known as Dell Direct‚ this refers to their relations with their customers as being "direct." This model helps Dell focus on the price for performance‚ customization‚ service and support. Additionally
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