Registrato: 01/07/19 10:34
|ence activities are in two main types including tactical and strategic. Tactical seeks to provide input into issues such as capturing the market share or increasing the revenues. Strategic focuses on the long-term issues like opportunities and risks facing the enterprise. Competitive intelligence results to the improved cross-functional relationship in organizations , improved market knowledge, improved product quality, and greater confidence in making strategic plans.
Tools to access current reality
A tool that is helpful in assessing the current reality is the current reality tree. It is a sufficiency-based logic tool used in fully describing an existing situation. The purpose of the tool is to understand how the various problems and issues faced relating to each other, to measurements , practices, and policies. The current reality tree tends to provide the guidance for developing a solution since understanding why something leads to an undesirable action help in guiding inserting new actions so as to replace the act or to cause to result in a solution that is favorable.
SWOT is a business tool that usually deals with the external and internal factors of the business (Kendrick et al. 2010). It is an acronym that stands for strengths, weakness, opportunities , and threats. SWOT usually uses the basic data of the business in identifying the strengths and weaknesses of the business. It also helps the business in spotting the opportunities that can arise and the threats that the business is likely to face. The SWOT analysis succeeds in helping the organization when it assesses everything about the business in an honest way. The strengths refer to the positive factors of the business, which support a successful outcome. Weaknesses are the internal factors that work against a successful outcome. The threats are the external factors that may jeopardize the business, and opportunities are external factors that the business can use to its advantage. After identifying SWOT factors, decision makers can ascertain if the goal is worth pursuing and what is needed to make it successful.
There are three generic strategies that include cost leadership , focus, and differentiation. The cost leadership calls for being the lowest cost producer in the industry for a particular level of quality. In this strategy, the firm sells its products at average industry prices to earn profits higher than rivals or below average industry prices so as to gain market share. The differentiation strategy calls for the development of service or product that provides unique attributes valued by customers (Kendrick et al. 2010). The customers normally perceive the service or product to be better and different than that of rivals. The focus strategy tends to concentrate on the narrow segment and in that segment, tries to achieve the cost advantage or differentiation. The premise of focus strategy is that it is possible to service better the needs of a group through focusing entirely on it.
鈥?br > Reference
Daft , R Vershinina, N & Kendrick, M (2010). Management. Cengage Learning
Sherry Roberts is the author of this paper. A senior editor at Melda Research in professional research proposal writing services if you need a similar paper you can place your order for a custom research paper from research paper services .
More About the Author
Author is associated with which is a global Custom Essay Writing and Term Paper Writing Company. If you would like help in Research Papers and Term Paper Help you can visit Custom Writing Service
Total Views: 22Word Count: 2278See All articles From Author
In the modern time, the open-air activity has turned out to be a preference to the present folks. And its prevalence is of its undeniable reasons. Any individual who takes part in it can get a lot of bless. It is an activity having countless connotations. It might challenge the participants in a broad and vast aspects. The essence of life lies in sports. The deed of doing sports may possibly help nurture a healthy and youthful life. It is an eternal truth. Yet , due to the heavy pressure, modern people have to engage most of the time in work. And as a result, they have little time in the enjoying of sports. A quantity of individuals possibly will pick up the ordinary sports like the basketball, the football , the ping-pong, the running and other similar types of sports after work. Yet, when compared with the outdoor activity, the conventional sports will lose its splendour in terms of benefits. In the outdoor activity , one has been enforced to develop a good body and mind. It is a sports of richer cultural connotation.
With the modernization of the society, the folks have been surrounded in the non-natural articles. Human being no longer can settle in a surroundings that are full of natural beauty. What is even worse, contemporary folks even have to live in a world that is full of all sorts of pollution. The charming nature now has become further and further from our human kind. Human being should strive to have their return to nature. There is cool air, vernal sunlight , hazy moonlight and limpid brook in natural world that can offer to human kind a treatment. A human being having separated from the natural world can not be called a real human.
Going out means the leaving of the familiar surroundings. And then one could be able to have a contact with novel things. It will broaden one’s vision and enhance one’s skills. It is an activity that can do good to the participants in a long way. A life of abundant experience will deserve the shot of only one time. Nature is quite a nice place for the treatment of some diseases developed due to over stress. Modern life has put too much notice to the efficiency, which could results in the development of abnormal mind and the sickly body. And various contemporary in.