scholarly journals Determinants and Effects of Innovation on the Firm Level

2014 ◽  
Vol 3 (1) ◽  
pp. 118-129
Author(s):  
Muzaffer Erturk
Keyword(s):  
Competitive Advantage ◽  
Market Share ◽  
Consumer Satisfaction ◽  
Performance Indicator ◽  
Competitive Market ◽  
Market Conditions ◽  
Firm Level ◽  
Global Competitiveness ◽  
White Goods

In highly competitive market conditions, it is vital to innovate for the firms in order to survive. The profitability, market share, consumer satisfaction and global competitiveness of the firms mainly depend on their competency of the production of the successful innovations providing for the firm competitive advantage. In this context, main aim of the study is to investigate the effects and determinants of the innovations in the firm level by considering a firm operating in white goods sector in Turkey. Main result of the study is that innovations have important effects on performance indicator of the firm. For this reason, firms have to focus on the production of the innovations providing sustainable competitiveness and profitability by implementing appropriate policies.

Impact of Tacit Knowledge on Tourist Loyalty

2021 ◽  
pp. 303-328
Author(s):  
Carla Pereira ◽  
Helena Alves ◽  
João J. Ferreira
Keyword(s):  
Human Resources ◽  
Competitive Advantage ◽  
Tacit Knowledge ◽  
Rural Tourism ◽  
Competitive Market ◽  
Sustainable Competitive Advantage ◽  
Social Dimensions ◽  
Market Conditions ◽  
Marketing Managers

Given the prevailing competitive market conditions, establishing long-term relationships proves a source of sustainable competitive advantage. Tacit knowledge, as the only resource developed in the intellect, in the competences and the experiences built up by the human resources available, would seem appropriate to constructing competitive advantage. Within this framework, firm employees become marketing managers in terms of developing relationships given that every type of contact generates information that facilitates a relational-based philosophy. In rural tourism, with its own very specific characteristics, tacit knowledge may contribute towards fostering loyalty and may also help in determining the requisites clients are seeking. This chapter proposes a model highlighting the importance of tacit knowledge in developing loyalty in rural tourism lodgings across its cognitive, technical, and social dimensions. The results show that tacit knowledge does improve the performance of employees in engaging in affective bonds and better understanding the needs and expectations of clients.

scholarly journals Zombie Lending and Depressed Restructuring in Japan

2008 ◽  
Vol 98 (5) ◽  
pp. 1943-1977 ◽  
Author(s):  
Ricardo J Caballero ◽  
Takeo Hoshi ◽  
Anil K Kashyap
Keyword(s):  
Market Share ◽  
Employment Growth ◽  
Job Creation ◽  
Firm Level ◽  
Competitive Process ◽  
Lower Productivity ◽  
Zombie Lending ◽  
Job Creation And Destruction ◽  
Productivity Gap

Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to otherwise insolvent borrowers (which we call zombies). We examine the implications of suppressing the normal competitive process whereby the zombies would shed workers and lose market share. The congestion created by the zombies reduces the profits for healthy firms, which discourages their entry and investment. We confirm that zombie-dominated industries exhibit more depressed job creation and destruction, and lower productivity. We present firm-level regressions showing that the increase in zombies depressed the investment and employment growth of non-zombies and widened the productivity gap between zombies and non-zombies. (JEL G21, G32, L25)

scholarly journals Impact of Online Promoting Techniques on Moving Forward the Status of Businesses within the covid-19 Circumstance: Ghana as the Merging Point.

2021 ◽  
Vol 8 (9) ◽  
pp. 207-217
Author(s):  
ELVIS SELASE APHU ◽  
Ekor Sophia Enyonam Abra
Keyword(s):  
Competitive Advantage ◽  
Market Share ◽  
Exchange Field ◽  
The Status ◽  
Pros And Cons ◽  
Dynamic Cooperation ◽  
The Web

The expanding improvement of data innovation and communication has delivered a wide impact on commerce processes. The Web has made it conceivable to reach universal markets as the foremost successful means of electronic showcasing or marketing with worldwide scope. Be that as it may, in Ghana, numerous companies were ignorant of the need of utilizing different showcasing and online promoting strategies and their impacts on companies' circumstances until basic circumstances such as this so-called pandemic. This article looks at the definitions and standards of showcasing and online deals, e-commerce, their pros and cons to thrust companies and teach to utilize this kind of marketing and business. This ponder demonstrates that this sort of promoting and exchange as a vital and competitive advantage has contributed altogether to deals development and expanded the share of the inner and outside market share to Ghanaian companies within the competitive age. With the expanding world competition and the predominance of the Coronavirus, get to worldwide markets has gotten to be more complicated, and the require for modern worldwide devices and strategies can be of incredible offer assistance in this respect. The shrewd utilize of e-commerce innovation can offer assistance Ghanaian companies move forward exchange proficiency, make more dynamic cooperation within the worldwide exchange field and offer assistance fortify the country’s position on territorial and worldwide markets.

scholarly journals The Features of the Concept of Mass Customization

2015 ◽  
Vol 16 (2) ◽  
pp. 132-139 ◽  
Author(s):  
Ilona Skačkauskienė ◽  
Sigitas Davidavičius
Keyword(s):  
Comparative Literature ◽  
Competitive Advantage ◽  
Mass Customization ◽  
Mass Production ◽  
Research Area ◽  
Service Organizations ◽  
Synthesis Methods ◽  
Literature Analysis ◽  
Delivery Time ◽  
Market Conditions

In order to achieve competitive advantage organizations are forced to analyse and discuss application possibilities of customized solutions. Unfortunately, the application of such solutions is associated with increases in costs, raising the time of delivery and decreasing the level of quality compared to mass-produced products. Circa 1990 the concept of mass customization was proposed which solved mentioned problems and which, compared to the mass production, has properties necessary for more efficient adaptation to changing market conditions without making concessions in price, quality and delivery time. This paper analyses the concept of mass customization aiming to define research area in order to adapt the concept for service organizations. The analysis of mass customization definitions presented in the literature was processed and summary presented, this enabled to identify the main dimensions which are characterizing mass individualization. The main types of mass customization were presented and analysed in this article as well. Comparative literature analysis, abstraction and synthesis methods were applied during the research. The results of analysis enabled to formulate guidelines of further research.

scholarly journals Features of Development and Implementation of Competitive Advantages of Establishments of Restaurant Economy in Modern Market Conditions

2021 ◽  
Vol 8 (1) ◽  
pp. 58-67
Author(s):  
Valentyna V. Postova
Keyword(s):  
Competitive Advantage ◽  
Consumer Preferences ◽  
Competitive Advantages ◽  
Market Conditions ◽  
Scientific Methods ◽  
Different Types ◽  
Analysis And Synthesis ◽  
General Scientific ◽  
Main Factors ◽  
Economic Criteria

The relevance of the study of the development of competitive advantages is related to the need to ensure the competitiveness of restaurants, given the current market conditions. The purpose of the study is to investigate the ways of developing a strategy to ensure and implement the competitive advantages of restaurants. Theoretical and methodological framework of the study included general scientific methods (methods of scientific generalisation and comparison), specific methods (methods of analysis and synthesis). The study defines that indirect criteria are used to assess competitiveness, which can be divided into two main groups: consumer and economic criteria. It is analysed that for different categories of consumers and groups of goods competitiveness is provided by different types of prices: purchasing, selling, and consumer. The sources of development of competitive advantages are determined. The study also provides the competitive advantages of restaurant establishments, which have different forms of manifestation. The diagnostics of the competitive environment is carried out, which requires not only the analysis of the state of various methods of competition, but also the study of the image of the product, as well as the image of the enterprise. The main factors of competitive advantage of restaurants were considered. The study analysed the factors of competitive advantage of the organisation, which are divided into external and internal. It is determined that the factors of consumer preferences are divided into four groups: psychological, informational, sales, and economic. It is established that each group has certain measures, the consistent implementation of which, in the end, leads either to the development or maintenance of consumer preferences

What Determines Profitability in the Indian Automobile Industry?

2021 ◽  
pp. 001946622110635
Author(s):  
Shilpi Tyagi ◽  
Varun Mahajan
Keyword(s):  
Market Power ◽  
Automobile Industry ◽  
Positive Impact ◽  
Growth Strategy ◽  
Raw Material ◽  
Investment Strategies ◽  
Firm Level ◽  
Global Competitiveness ◽  
Advertising Intensity ◽  
Jel Code

This study tends to examine the firm-level profitability determinants of Indian automobile and ancillary industry which is recognised for its global competitiveness. The study uses recent dataset to investigate the firm-level profitability determinants in the Indian automobile and ancillary industry and records the effect of shifts in profitability due to change in economic environment. This study intends at using real financial balanced panel data for a period 1999–2019 and applies the two-step system generalised method of moments regression model with robust standard errors. The study has found that lagged profitability, marketing and advertising intensity, firm’s market power and operational efficiency have exercised positive impact on firm-level profitability. Negative and statistically significant impact of raw material import intensity and export intensity highlights the need of planning and implementation of appropriate investment strategies. The findings of this study suggest that firms should pay more attention to optimise their operating expenditures, marketing and advertisement expenditures and expand their market power as a part of their survival and growth strategy. JEL Code: L25

Strategic Transcultural Marketing Management and Global Competitiveness

2014 ◽  
pp. 1226-1248
Author(s):  
Angelo A. Camillo ◽  
Svetlana Holt ◽  
Joan Marques
Keyword(s):  
Strategic Management ◽  
Competitive Advantage ◽  
Business Schools ◽  
Global Strategy ◽  
Education Programs ◽  
Competitive Position ◽  
Leadership Culture ◽  
Global Competitiveness ◽  
Resources And Capabilities

An organization achieves competitive advantage if it delivers above average profits in its industry. Strategic management has many definitions. In this context, the authors define global strategic management as a bundle of decisions and acts based on resources and capabilities that a manager undertakes that decide the long-term competitive position of the firm. The past and current economic conditions are evidence that global strategy will never be perfect but an ongoing effort to achieve optimal results for all stakeholders. Hence, the task for the global leaders has become increasingly challenging and hypercompetitive. While these leaders materialize their vision and accomplish their mission, they also build a strong leadership culture. However, successful executives are too busy or do not have the capability to develop new skills to plan and execute their long- and short-term strategies. To narrow the gap between achievement and acquiring new skills, business schools from across the globe offer Executive Education Programs that help them expand their skills. These programs can be highly specialized and individually designed for specific companies in a given industry. Present and future global leaders must stay current with competitive trends and ahead of the competition to achieve and sustain competitive advantage in their industry.

The Impact of Outsourcing on Performance and Competitive Priorities among Malaysian SMEs

2018 ◽  
pp. 1318-1336
Author(s):  
Hasliza Abdul Halim ◽  
Noor Hazlina Ahmad ◽  
T. Ramayah
Keyword(s):  
Financial Performance ◽  
Competitive Advantage ◽  
Least Squares ◽  
Partial Least Squares ◽  
Market Share ◽  
Significant Influence ◽  
Return On Investment ◽  
Competitive Priorities ◽  
Net Profit ◽  
The Impact

The objective of this research is to examine the influence of outsourcing on financial performance and competitive priories of Malaysian SMEs. A data sample of 100 SMEs was analyzed to examine these relationships. The analysis was conducted via Partial Least Squares. Based on the findings, while outsourcing has significant influence of SMEs financial performance in Malaysian context, outsourcing activities do not have an impact on competitive priorities. Outsourcing approach emphasizing on the establishment of core competitive advantage, allows Malaysian SMEs to get the numerous benefits such as overall sales growth, market share, net profit, return on investment, and financial liquidity.

Honda Power Products

2011 ◽  
pp. 232-242
Author(s):  
Noha Ismail
Keyword(s):  
Marketing Strategy ◽  
Market Share ◽  
Construction Equipment ◽  
Investment Company ◽  
Market Conditions ◽  
Trading Company ◽  
Industrial Investment

The International Commercial and Industrial Investment Company, S.A.E (ICII) is a trading company specialized in high-end power products and construction equipment. Honda power products accounts for almost 25% percent of the company’s sales. Since the introduction of Chinese products into the Egyptian market, Honda sales have been increasing, however at a decreasing rate. ICII is facing a number of challenges related to Honda’s decreasing market share. The main challenges are configuring a marketing strategy to ensure its viability in a turbulent market and selecting growth alternative that ensures its sustainability in light of the changing market conditions.

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