Nice Wood Products is a small business organization reported to be located in the Pacific Coast and produces different lumber of standard types and grades which are specifically targeted for the construction industry of their local market…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
The nature of the Nice Wood Product business is that in the lumber industry where operations include picking, cutting and curing wood. Their products are composed predominantly of standard types and different grades of lumber that complies with the following specifications: 2x4s and 2x6s used in framing as well as plywood and particle board. Likewise, current technological breakthroughs have been reported to automate several phases in the firm’s operating cycle, including the picking, cutting, and curing phases. The new technological applications provided opportunities for New Wood to facilitate the processes (including cutting wood in a variety of standards; new types of kilns accelerating the curing process and lading technology was noted to significantly enable the processed wood to be placed in containers) and thereby, potentially increase their chances to be more competitive in the international market. C. Core Competencies The core competencies noted for Nice Wood were their “established client base and strong relationships throughout the industry” (Case facts, n.d., p. 1). Further, it was also disclosed that “the company is a close-knit operation and senior management values the skills and loyalty of its workers” (Case facts, n.d., p. 1). These facts indicate the Nice Wood Products possess a team of highly skills workers who could have potentially manifested loyalty and a low turnover. Further, their consistent delivery of high quality products has gained strong relationships with loyal clients who are to stay with them amidst the financial and economic challenges. D. Description of Product The product, wood processed lumber, is classified as industrial goods, where these are used to create or make other products. Likewise, these products could be further categorized into the raw materials subcategory. As raw materials, these “are graded according to quality so that there is some assurance of consistency within each grade. There is, however, little difference between offerings within a grade. Consequently, sales negotiations focus on price, delivery, and credit terms. This negotiation plus the fact that raw materials are ordinarily sold in large quantities make personal selling the principal marketing approach for these goods” (eNotes, 2012, par. 19). E. Key Milestones The key milestones that Nice Wood
...Download file to see next pagesRead More
Cite this document
(“Nice Wood Developing a Competitive Edge Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/business/1398313-nice-wood-developing-a-competitive-edge
(Nice Wood Developing a Competitive Edge Essay Example | Topics and Well Written Essays - 2000 Words)
“Nice Wood Developing a Competitive Edge Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/business/1398313-nice-wood-developing-a-competitive-edge.
This project report aims to develop a competitive advantage of a firm and the company chosen for this project is Apple, the father of innovation. An analysis is performed over the competitive advantage of firms, which form of strategy to adopt, when to adopt and why to follow a certain competitive strategy.
The integration of processes and sharing of relevant information between partners has largely been due to the presence of e-commerce which is a relatively new trend in the market place (Clark & Lee 2000, p. 102). The automation of business practices and the electronic integration of data by various businesses stemming from the need to be more transparent in the conduction of various activities has also largely affected the way that customers are relating with the firms that produce goods that they need.
According to the report Nike most definitely has had a problem with social responsibility when outsourcing overseas. It is understandable that the company would like to earn a profit, and decreasing labor costs is one sure-fire way to do that, but it all came with a large price. Nike ended up over their heads in a short period of time.
This paper, Leadership and Management: Defining the Competitive Edge, will further report on the impact that diversity and culture have on management and leadership by observing a centuries old traditional Indian system of management. One of the most important tasks for a leader is to create a mental vision of where the firm will be in the future.
However, empirical evidence does not reach a definite conclusion whether that the practice of HRM in business organizations does lead to the enhancement of the overall organisational performance. Further studies show the discrepancy between what the company espouses and what it really practices.
This paper purports to review how relationship management is an effective means of achieving business objectives; to examine all the aspects of relationship management such as loyalty, trust and building a long-term relationship with the customers by looking into what satisfies the customers; to analyze the effective of relations management through various analysis methods.
This paper is being carried out to establish how relationship marketing can help the company to keep it existing membership base and gain new members, to review how relationship management is an effective means of achieving business objectives, to examine all the aspects of relationship management such as loyalty.
If companies cannot gain a competitive advantage over their competitors, those companies will be most likely to lose their market share and may be weed out of the industry. In the other word, competitive
This paper describes Microsoft - the business of developing, manufacturing, license and support software products and services for computing devices. IMicrosoft has gained competitive advantage over its rivals such as Netscape, Apple, IBM, Sun Servers, etc. by improving product differentiation; improving features and implementing innovations etc.
From this discussion it is clear that the employers can have a drive for competitive edge, an insensitive and profit driven point of view, and that if she adopts a conscious step and then her employment status is extremely threatened. This is a great dilemma that human beings face every day, and draw the question of morals and ethics.
3 Pages(750 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Nice Wood Developing a Competitive Edge"
with a personal 20% discount.