COMPETITIVE ADVANTAGE Companies all seek a competitive advantage‚ as that will give them the opportunity to sustain profits that exceeds the average in their industry. The three major competitive advantages are differentiation‚ cost and response. Companies can therefore either gain a competitive advantage by offering a unique product differentiation‚ by offering similar products at a lower cost or by offering products at a time and place where the customer are in need of the product. Differentiation:
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Competitive examinations are used for two purposes. At school and college they give a stimulus to study by rewarding with repu¬tation‚ prizes‚ and scholarships‚ those who show that they have learned most. They are also used in the selection of officers for the military and civil services. Looking at them from an educa¬tional point of view‚ every one must allow that they have a wonderful effect in encouraging hard work. Many boys who‚ without the stimulus of competition‚ would refuse to take any
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jurisdictions‚ anyone who is convicted of injuring or killing someone while under the influence of alcohol or drugs can be heavily fined‚ as in France‚ in addition to being given a lengthy prison sentence. Sometimes those campaigns make the brewery industry looking very bad since usually the blame is laid exclusively on them for making alcohol so easily available. Threat‚ with the government heavily expending money in such campaigns the consumption of alcohol tends to decrease with people scare of
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the pharmaceutical industry is one of the biggest industries in the United States. The industry experienced a rapid growth rate (in the double digits) in the late 20th century which has now dropped into the single digits (Mullins‚ 2007). The global demand is driven by factors such as a worldwide increase in elderly population and a rising quality of life in developing nations. Time Magazine listed Generic Pharmaceutical Manufacturing as one of the top ten fastest growing industries in the United States
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Competitive advantage and strategies are important for companies to understand and utilize. Competitive advantage allows a company to stay ahead of its competition. Strategy on the other hand allows a company to have a plan for success. According to the article “Winning strategy for business‚ Response books”‚ “Strategy comes to be defined in every company with two independent and simultaneous processes” (Gorapaj‚ 2010‚ p.334). In order for Napster to see success and longevity in the online music
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Suitcase Industry Analysis Nowadays‚ many people like traveling. When they travel to other cities or other countries‚ they must bring their luggage. They put their cloth‚ shoes‚ cosmetic‚ charges and a lot of things that you can imagine into their luggage. So‚ luggage has become the most important thing in our traveling. From wooden luggage to cortical luggage‚ from ancient to modern‚ from president to common people‚ they all need luggage. More and more Chinese luggage companies become OEM. They
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The failure of Ogilvy & Mather to address the new trends in the advertising industry‚ such as the emergence of boutique firms and a change in fee structure‚ eventually led to losses of revenue‚ accounts‚ and a stark decrease in morale. Charlotte Beers‚ appointed CEO in 1992‚ hoped to turn Ogilvy
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Mid term précis and analysis of the cosmetic industry Prior to discussing any creative industry‚ it is crucial that we first define ’creativity ’. Creativity refers to the course of producing something original‚ or in the least‚ with original elements. Thus‚ a creative industry refers to economic activities that involve the creation of new‚ original materials. The cosmetic industry is one of such industries‚ of which will be analyzed according to Richard Caves ’ economic properties. According
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Market and Industry Analysis Figure 1 - Market/Industry Cement Dispatches In 2008-09 a total of 30.78 million ton material was attained and sent forward‚ generating an increase of 2.12% as compared to last year (Bestway Annual Report‚ 2008-09). Dispatches made locally contracted by 14% to a level of 19 million ton (as per DGKC Annual Report‚ 2008-09)‚ owing to inconvenient economic‚ political‚ law and order atmosphere reigning in the country (Bestway Annual Report‚ 2008-09). High cost of contracting
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Music may be defined romantically as `the food of love ’ (Shakespeare) or more prosaically as `sound with particular characteristics ’ (Wikipedia)‚ but it is undeniably a `vibrant artform ’ (Arts Council England) and one which touches more people‚ in more ways‚ than any other art form. In commercial terms‚ music certainly generates a higher market value than the other arts‚ although a comprehensive market size for music in all its manifestations is impossible to calculate. Key Note has put a value
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