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Inessa [10]
1 year ago
10

Michael porter says that companies gain a competitive advantage by giving customers __________.

Business
1 answer:
Delicious77 [7]1 year ago
8 0

That companies gain a competitive advantage by giving customers focus, cost leadership, and differentiation

<h3>What is competitive advantage?</h3>

A firm seeks a competitive advantage when it aims to surpass its rivals in terms of profitability. An organization must be able to communicate to its chosen target market that it has a higher comparative or differential value than its rivals in order to establish and retain a competitive advantage. For instance, a business is likely to have a competitive advantage if it advertises a product at a lower price than a similar product from a rival. The same holds true if the marketed item is more expensive but has special characteristics that buyers are ready to pay for.

The SWOT (Strengths, Weaknesses, Opportunities, and Threats) analytical technique is credited to Albert Humphrey at the Stanford Research Institute. Porter's Five Forces is an alternative model that helps businesses understand their position within a competitive landscape.

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Write a detailed note on process of MBO
sergeinik [125]

Answer:

the safe steps of the MBO process are Define organizational goals Define employees are objectives continuous monitoring performance and progress perform evaluation providing feedback performance appraisal. Define organizational goals goals are critical accused organizational Effectiveness and they served a number of purposes organizations can also have several different kinds of gold all of much would be appropriately managed and a number of different kinds of managers must be involved in setting goals the goals set by their superiors are preliminary based on an analysis and judgment as to what can and what should be accomplished by the organization within a certain period. Define employees objectives after making sure the employees managers have informed a pertinent General objectives strategies and planning premises the manager can then proceed to work with employees and setting their objectives asked what goals the employees believe they can accomplish and what time. And with what resources they will then discuss some preliminary thoughts about what go seem feasible for the company or Department. continuous monitoring performance and progress MBO process is not only essential for making line managers and business organization more effective but also equally important for monitoring the performance and progress of employees for monitoring the performance and progress the following are required identifying and effective programs by comparing performance with preestablished objectives using zero based budgeting applying Bo concept for measuring individual and plans preparing long and short-range objectives and plants installing effective controls and designing a sound organizational structure with clear responsibilities and decision-making Authority at the appropriate level. performance evaluation under the NBA process performance review is made by the precipitation of concern managers. providing feedback the filial ingredients in an MBO program and continuous feedback on performance and goals that allow individuals to Monitor and correct their own actions base continues feedback is supplemented by periodic formal appraisal meetings in which superiors and subordinates can review progress toward goals weight sled to further feedback. performance appraisal. performance appraisals are irregular view of employee performance with an organization it is down at the last stage of the MBO process.

hope this helps

4 0
3 years ago
Concord Corporation had 807000 shares of common stock outstanding at December 31, 2021. In addition, it had 150000 stock options
Radda [10]

Answer:

846,000 shares

Explanation:

According to the scenario, computation of the given data are as follows:

Outstanding common stock = 807,000 shares

Outstanding option stock = 150,000

option price = $37

Market price of common stock = $50

So, 150,000 - (150,000 × $37 ÷ 50)

= 150,000 - 111,000

= 39,000

So, Number of shares = 807,000 + 39,000

= 846,000 shares

7 0
4 years ago
Ollie Company experienced the following events during its first-year operations:
Umnica [9.8K]

Answer:

a. Events that will affect the income statement are :

  1. Part c
  2. Part d

b. Income statement that shows the results of Year 1 operations.

Revenue Earned             $59,000

Less Expenses :

Expenses                        ($43,000)

Net Income / (Loss)          $16,000

Explanation:

The Income Statement shows the Profit or Loss that resulted during the reporting period.

Only items of Revenue/Income and Revenue Expenditures (Expenses) are accounted for in Income Statement.

Profit or Loss = Sales <em>less</em> Expenses

4 0
3 years ago
If consumers start to believe they need a product, what is likely to happen?
Contact [7]

Answer:

Option A

Explanation:

Less elastic Demands means ,there will be less effect on the demand of a product if the price of product changes.

5 0
3 years ago
Read 2 more answers
Find the difference in height between the top of a hill 973 feet high and a crack caused by an earthquake 79 feet below sea leve
s2008m [1.1K]
The difference in height between the hill 973 feet above sea level and the crack 79 feet below sea level is:

 

Difference in height = 973 - (-79)

 

Which is equal to 1052 feet.

4 0
3 years ago
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