Gaining,competitive,advantage, business, insurance Gaining competitive advantage
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0in;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:10.0pt;font-family:"Times New Roman";mso-ansi-language:#0400;mso-fareast-language:#0400;mso-bidi-language:#0400;}Benchmarking is another namefor the search for best practices. This includes determining where you needto improve, finding an organization that is outstanding in this area, thenstudying the company and learning then applying its best practices in your firm.Product quality was felt by alarge group of theorists to be the area where western business was mostlacking. People like W. Edwards Deming, Joseph M. Juran, A. Kearney, PhilipCrosby, and Armand Feignbaum made theories of quality improvement techniqueslike total quality management (TQM), continuous improvement (kaizen), leanmanufacturing, Six Sigma, and return on quality (ROQ).A significant movementstarted that attempting to recast selling and marketing techniques into a longterm endeavor that created a strong relationship with customers (calledrelationship selling, relationship marketing, and customer relationshipmanagement). Customer relationship management (CRM) software (and its manyvariants) joined the integral tools that sustained this trend.James Gilmore and Joseph Pinefound outstanding advantage in mass customization. Flexible manufacturingtechniques allowed businesses to individualize products for each customerwithout losing scale economies. This efficiently turned the product into aservice. James Collins and Jerry Porras spent years performing empiricalresearch on what makes great companies. Six years of research uncovered a keyunderlying principle behind the 19 successful companies that they studied: Theyall encourage and maintained a core ideology that nurtures the company. Eventhough strategy and tactics change daily, the companies, nevertheless, wereable to maintain a core set of values. These core values encourage employees tobuild a surviving organization. In Built To Last (1994) they mentioned thatshort term profit goals, cost cutting, and restructuring will not motivatededicated employees to build a great company that will endure. In 2000 Collinscoined the term built to flip to describe the dominant business attitudes in Silicon Valley. It describes a business culture wheretechnological change inhibits a long term focus. He made the concept of theBHAG (Big Hairy Audacious Goal) so popular) .Arie de Geus (1997) performeda similar study and found similar results. He identified four key traits ofcompanies that had survived for 50 years or more. They are: Sensitivity to the businessenvironment the ability to learn and adjust Cohesion and identity theability to build a community with personality, vision, and purpose Tolerance and decentralization the ability to build relationships Conservative financingHe coined the term livingcompany referring to the company with these key characteristics because it isable to perpetuate itself. If a company emphasizes knowledge rather thanfinance, and sees itself as a stable community of human beings, it has thepotential to become great and survive for decades. Such an organization is anorganic entity capable of learning (he called it a learning organization) andcapable of creating its own processes, goals, and persona.
Gaining,competitive,advantage,