Answers

Read Complete Research Material

ANSWERS

Answers



Answers

Answer to the Question # 1

Companies are able to make several different strategic movements in order to develop and maintain the competitive advantages. The ambition is to make a clear distinction which is significant to the consumers, clients and is somewhat to the opponents cannot match with. The company can construct competitive advantage through making a strategy of the leadership development in factors for instance cost, quality, customer experience as well as innovation which is much more important in the today's growing world. The mastery of new technology proves to be a source of competitive advantage. Today, technological changes are very fast and the organization that controls the first new technology has undoubtedly a competitive advantage. Indeed, it may well offer new goods and services and attract new customers or retain existing customers, all without the risk of a portfolio of support obsolete products. Innovation can also lead to a reduction of production costs, allowing the organization to offer lower prices than the competition and thus increase its market share (Barnes, 2001, pp. 3-42).

However, the company must identify one thing which an employee can perform extremely well with focusing his or her strategies on that. Theorists have developed management tools to quickly identify key success factors and strategic skills of an organization. These tools are designed to help managers in their work. The concept of value chain is also an important one in order to determine the activities of an organization that generate the most value. This is to distinguish the main activities, essential for the production of goods and services, and support activities (Venkatachalam et al, 2011, pp.79-89).

When the organization has highlighted the points that must develop in order to achieve a competitive advantage in the market, it must then maintain this advantage. For this, it has three tools such as innovation, quality and cost control. Organization to ensure the paternity of a technology has no alternative but to implement a policy of active innovation. It does not have to invent something new; it can simply improve an existing product. In this way, it differentiates its products from those of the competition and has a temporary monopoly. So, is said that in order to develop and maintain the competitive advantages of a company all think tanks as well as the workers will have to work on these strategies (Barnes, 2001, pp. 3-42).

Answer to the Question # 2

The search for efficiency and standardisation in the business processes is not new. The history of this is typified by surges of the interest followed by disappointment, at what time the fashionable thought of the instant be inclined to dump for a moment earlier than the upcoming generations of process effectiveness method makes the focus more exciting again.

Modelling business processes must be allied with the overall strategy of the business. If the purpose of process modelling is not associated to some explicit business goals, in that case it is considered as wastage of time for the whole people involved in the ...
Related Ads