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"What are the Key Factors for Success (KFS) that companies in the industry must satisfy in order to ensure survival and seek competitive advantages"
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More over, it has to be accessible to the consumers. Consumers like purchasing their products from easily accessible industries where they can return them in case of malfunction. This generates confidence in the organization’s products. On the other hand, consumers have to be accessible to increase sales. Without proper access to the market, an industry may be unable to sell the anticipated amount, or may incur higher costs of distribution.
The choice of the business type is of utmost importance. Investors need to identify a business and analyze the pay back period to ensure that they settle on the most applicable investment decision. It requires an analysis of the kind of consumers in the market to ascertain that the products offered by the industry match the needs of the consumers. This is significant in developing positioning strategies for the products. It is also important to ensure that products are durable, especially for a newly established business. Once investors bring their capital in to the market, they are usually faced with problems, which are common for beginners. They are initially not competitive and therefore might take long to attract customers, hence the quantity of produce needs to be controlled until the business establishes in the market. For durable products, more products may be produced to be sold in the long-run.
The products should be satisfactory to the health standards. The most risky occurrence in an organization may be the revocation of an operating license. This is because it might happen when the industry is already in operation, having produced a substantial amount of commodities. This may lead to a heavy loss, hence the need to satisfy the health and safety requirements in the workplace, as well as the recommended standards in regard to quality (Hannagan, 2007 p 67). Consumers are usually sensitive to quality, especially for emerging products. The investor needs to satisfy consumer demands at
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The answer to every question in the questionnaire was give from the scale of: 1 = ‘Not at all important’, 2 = ‘Not important’, 3 = ‘somewhat important’, 4 = ‘important’ and 5 = ‘Extremely important’. There were twenty two success and failure factors as were perceived by gas and oil managers.
The current research will focus on utilizing successful entrepreneurship to deal with massive unemployment. 1.1. Problem Statement The US economy was hit hard by recession in 2009 and the effects have lingered to the present day. For the period of April to October 2011 the unemployment rate in the US held steadily between 9 and 9.2 percent with some improvement in November 2011 when it fell to 8.6% (BLS, 2011).
These significantly helped in acquiring concise answers that appreciably aided in data interpretation, as well as having an overview of the strengths and the challenges of entrepreneurship, as opposed to formal employment. Some of the close-ended questions were such as “Would an individual go back to formal employment if she or he had a chance and quit being an entrepreneur?
This report has been written in an attempt to evaluate and present some Promotion strategies. The researcher of this essay aims to pay special attention to the research on the market conditions and the needs of people in terms of health and nutrition and the strategy of the distribution system of their products.
This implores upon the parties to design structures of agreements that meet certain levels of governance, financial and operating systems should be customized to fit individual agreements. The success of an alliance must be built upon reliable infrastructure, which must support the underlying goals and objectives of the parties to the agreements.
The ideal community, or Utopia, is debatable in whether or not it is in fact possible to create and to maintain, however the actual vision of Utopia is different to different people and therefore lacks specific definition. More's Utopia is understandably different from a modern Utopia; just as our general idea of the perfect community will be expectedly different from that of an African native.
Survey methods, formal methods, econometrics, etc., are some of the examples of quantitative research.
It's the research and analysis done by the scientists in different kinds of fields like engineering, marketing, etc., yielded fruitful results in the development of different industries, which became more and more consumer friendly.
According to relevant academic bibliography a company can achieve success when it focuses mainly on three issues: content, change, and learning. In order to achieve this, the organizations need to develop generic competencies and apply a model where they mix effectively the competences and they have appropriate measures in place.
Many people who are interested in the luxury industry look for goods that have well-established and respected brand names. A product’s brand name is very important to people for because of the respect and confidence they
activities that are directly or indirectly involved in dispersing products and services from suppliers to manufacturer and consequently, to the wholesaler, retailer and finally to customers (Talluri, 2002). Supply chain management indicates the system that leads to implement
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