PPT-What’s Your Competitive Advantage?

Cy Wegman Founder amp President of SY64 LLC Abstract Consumer Need Delivery Your Product Marketing Summary Competition drives innovation in the market place Without competition businesses atrophy and become complacent It is normal to think of competition between companies but what about the competition of ideas internal to a company Many of us have struggled over our careers to bring analytical tools to the forefront of our business practices but perhaps we could do much better if we approached this with a competitive mindset Do we know and understand who our customer is Can we clearly and succinctly express the benefits of our product Do we even know what our product is Do we know who or what our competition is Have we addressed product renewal to sustain our product in the marketplace of ideas and approaches. 978 978 915 915 978 Input Torque Capacity lbft 14502050 2250 14501650 14501650 14501650 14501650 15501750 1650 15501750 15501750 Engine Coupling Dry Clutch Dry Clutch Dry Clutch Dry Clutch Dry Clutch Dry Clutch Dry Clutch Dry Clutch Dry Clutch Dry C A2 Economics. Aims and Objectives. Aim: . Understand the theory of absolute and comparative advantage.. Objectives: . • Define the theory of absolute . and comparative . advantage. .. Analyse the effects of specialisation. McGraw-Hill/Irwin. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. .. LO 4-1. Distinguish among a firm’s resources, capabilities, core competencies, and firm activities.. Chapter 2. 2. six major roles and goals of IT. 1. Increase employee productivity by reducing time, errors and costs using. 2. Enhance decision making. 3. Improve team collaboration. 4. Create business partnerships and alliances. EQ: How do we gain from trade?. What was the most important. document written in 1776?. written by. Adam Smith. The Father of Economics. The Wealth of Nations. He is my great, great, great, great, . Terms of Trade. Graph the Following PPCs. Shirts. (millions). Wheat. (millions. of bushels). China. 25. 50. USA. 50. 200. Values represent all resources spent on one good. (the other value is 0). Which country has an absolute advantage in shirts?. Why . Strategy . Matters?. Strategy is about . choosing how to compete. :. How. to create products or services that attract and please customers.. How. to position the company in the industry.. How. uncertainty. . In order to produce offspring and thus contribute to a genetic pool of surviving individuals, we have to marry since marriage is tied to important outcomes for the stability of partnerships and well–being of children.. Chapter 4. LEARNING OBJECTIVES. By the time you have completed this topic you will be able to :. understand the meaning of the term ‘competitive advantage’ and identify the circumstances in which a firm can create a competitive advantage over a rival;. Andrea Brandt. Vanessa Gomez. Rachele Reagan. Allison Schmidt. Chapter 4: The Nature & Sources of Competitive Advantage. Competitive advantage. Competitive advantage- . when 2 or more firms compete within the same market, one firms posses a competitive advantage over its rival when it earns or has the potential to earn a persistently higher rate of profit. Five competitive forces shape fate of firm. Traditional competitors. Competitors in market space continuously devise new products, new efficiencies, switching costs.. New market entrants. Some industries have low barriers to entry:. Chapter . 16. Strategic Elements of Competitive Advantage. Copyright © . 2017, 2015, 2013 . Pearson Education, Inc.. . All Rights Reserved. Learning Objectives. 16.1. Identify . the forces that shape competition in an industry and illustrate each force with a specific company or industry example.. JIMI TEWE. Career Success Catalyst. Lagos, Nigeria. DEMOGRAPHIC REALITIES. Over 7 Billion People on earth. Youth constitute about 18 percent of the world’s population*. The reality of a ‘Global Village’ is making Youth employment more of a challenge as it has increased the competition for available opportunities among youth. Introduction. Evolution. The early part of the century saw a concern for improved efficiency through careful design of work.. During the middle part of the century emphasis shifted to the availability of managerial personnel and employee productivity..