Employees chose to stay with a company they feel cares about them and allow them to be a part of the business process. The company takes own positivity and empowerment of their employees, which change the dynamics of the environment (culture). This positive contagious atmosphere will increase the output of production and provide a retention of customers. According to Coetzer, Bussin, & Geldenhuy (2017), servant leadership positively influence, individuals, teams and organizations (p.10). The retention alone will increase the bottom-line and increase the customers loyalty to the company.
It surpasses the traditional means of business, businesses can now be heard and visible and given a platform to communicate with customers like never. Marketing is a management process that identifies, supplies, and presumes customers needs or requirement and want. Social media marketing is a platform that helps regenerate an organization marketing techniques. It helps create a new perception about the company’s product and the vital marketing programs and create a method to become an edge in the online business world. Businesses can benefit from social media through reduction of cost by reducing staffs working hours and increase revenue.
It encourages the organisation matches its resources and capabilities to the external environment to achieve competitive advantage. Luck can make a business successful but a business strategy can provide a guide line to follow to achieve competitive advantage. One can safely say that strategy rather than luck is important to the future running of the business
1.0 Critically evaluate the competitive advantage that can be gained by companies through IS/IT outsourcing. Provide suitable example to support your answer. According to Amadeo, 2013, as an employee, a business or a country itself, we need to have a better understanding about competitive advantage and communicate it to the customer. Competitive advantage can differentiate the company and others competitor from the eye of customer. It also will help the company to operate in more efficiency.
Even though some retort diversity staffing is not the same as affirmative action, and what the tangible benefits for organization are, diversity staffing definitely provides benefits to both of organizations and emplo... ... middle of paper ... ...ofit to the company. Even though there is not the best way to attain talents and prevent human workforces movement, I believe that when organizations strive to find better solutions to get them, these efforts bring good results into organizations and employees. Diversity recruitment and career development activities are one of good practices to solve organizations' and employees' concerns. Through these practices, employees can work enjoyable and thoughtful environments; therefore, they can increase their loyalty to their companies and productivity. In the last analysis, diversity recruitment and career development are benefits companies as well as employees like innovation, quality performance, and progressive and inclusive interaction and communication between organization and employee.
This skill set may not be a core competency of its business. To focus their core mission in providing a high quality product and service to the customer what makes sense is offshoring the task to people can perform better. The company not only spend less on employee trainings and save precious man-hours but cut costs as well. The competitive advantage by outsourcing is a good opportunity to other company to serve in their companies by providing service in any business system. Outsourcing will allow the company to share any associated risks with their outsourcing partners there by reducing your burden.
Implementation of KM will be successful if there will be less or no conflict in the company. It is better to have task based conflict, where knowledge is shared then personal conflict which reacts badly on company. The value of KM is to make people work together, think together and control the business together, so it is highly people-based.Workers should share their knowledge with others and even create value added benefits to make it better. Knowledge management (KM) comprises a range of strategies and practices used in an organisation to identify, create, represent, distribute, and enable adoption of insights and experiences. (Anon., 2013) KM is making world escape from industrial work and begins working with minds, so knowledge is becoming the key performance and its importance is increasing.
They have survived merely due to using a model of business that has sustained them. However, they will need to continue to focus on change management in order to seek out needs of the business, reduce risks, creativity, and implementing change that favors the customer’s needs. The Target Company will need to make the necessary changes that will heighten the customers shopping experience. Their business change management business model needs to reflect if either or both incremental or second order change is best for them. It is in the best interest of the company that they gage and leverage customers feedback via in-store personal experiences, random surveys from direct customer communication, online feedback, and manager escalations in order to find out how they can use these tools as continuous improvement methods.
A Marketing objective is the aim in which a company or marketing strategy want to achieve in order to be successful within their business or market. Not having a marketing objective, could cause disorganization and could let other rival companies obtain you clientele/consumers. A marketing objective is to, analyze the market, being innovative; creating and producing new products and ideas and staying ahead of other competitors. Most marketing objectives for businesses are ‘SMART’, specific- their objectives and goals should specifically show what they want to achieve, measurable- they should be able to measure whether they are meeting their objectives, achievable- they should be able to analyze whether these objectives are achievable/attainable, realistic- are the goals/objectives set that are realistically achievable and time- in what duration does the business wish to achieve their set objectives? The role functional areas play in supporting marketing activity.
Their approach has to be fit with the resources they’re being acquired with. By advertising, having government relations, media relations, so on helps the business grow and reach to its success level. Evaluations is a way to find out the strengths and weaknesses of a company and for further improvements. Evaluations help the company to understand and see where they stand and what they have to do in order to achieve their