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One commonly used measure in comparing against competitors is market share. Is it an appropriate measure? Nearly every business is mesmerized by market share- keeping it or increasing it. Conventional wisdom about the importance of market share was that the biggest market share would give a company the biggest market share would give a company the biggest revenues and the lowest cost per unit. that approach may have worked in the past. However, the reality of today's enviroment is that increasing market share may not be the route to continued competitive advantage and profitabilty. Having the most customres doesn't automaically translate into having the most profits. In fact, ine study found that 70 percent of the time, the company with the largest market share didn' have the highest rate of return. Strategic decision markers need to address how customers needs are changing and how they can best meet those changing needs. Maybe that's how companines need to measure themselves against their comWhat do you think? Do you agree with the premises of this argument regarding the decreased importance of market share?petitors-- by how well they're meeting customers changing needs.
1. What do you think? Do you agree with the premises of this argument regarding the decreased importance of market share?
2. What are the implications for doing an internal analysis?
3. Are there customers an organization might not want?Explain.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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