What are the implications for developing core competencies

Assignment Help Management Theories

Reference no: EM131498911

Question: Studies of companies that are leaders in achieving exceptional customer profitability.shûÂ._ that there are six steps they have taken to do so:

(1) figure out the needs of your most profitable customers;

(2) get creative by imagining competitively superior ways to deliver value to customers;

(3) test and verify your hypotheses;

(4) tell customers how great your value propositions are;

(5) apply the best approaches on a large scale; and

(6) start over, as even the most successful initiatives need to be revised over time.

What do you think of these suggestions? What are the implications for developing core competencies and distinctive capabilities? How could an internal analysis help an organization in this process?

Reference no: EM131498911

Questions Cloud

Identify the three elements of hamrics definition : Identify the three elements of Hamrics definition of advance nursing practice that you think are most important Why did you pick these three?

The consequences of the spanish american war : Analyze and explain what the cartoon says about the consequences of the Spanish American War for the countries occupied.

Determine the profitability of business : Tanner Park is a small amusement park that provides a variety of rides and outdoor activities for children and teens. Determine the profitability of business.

Describe monetary policy over the past five years : Describe monetary policy over the past five years. Has the monetary policy path followed by our central bank been effective?

What are the implications for developing core competencies : Studies of companies that are leaders in achieving exceptional customer profitability.shûÂ._ that there are six steps they have taken to do.

How much should the lease payments be : If the Hardaway Corporation desires a return of 14 percent on its investment, how much should the lease payments be?

Evaluation of the potential system users : CSIT814 - Group Project Report. Your group is to write a professional report outlining the evaluation of the potential system users and stakeholders

Create a business letter for plants for show company : BSBITU306 - Create a business letter for Plants for Show Company about exclusive presentation of new project - Create a table in Excel.

What is your one best guess as to the value of the bond : What is your one best guess as to the value of the bond?

User Account

All Pages