The company uses its value chain network to sell its peripherals and PCs and strikes a close relationship with its end clients. In order to accomplish this strategy, the company employs e-marketing strategy where it markets its products and services. This strategy has been quite successful since the company has been able to track real-time and immediate customer feedback which then is used in customizing its product lines. The company, therefore, has been very receptive when to the needs of its customers making it leverage a strong customer loyalty (Lee and Billington,1995). HP is rapidly developing its digital technology to be able to sustain its edge.
FedEx regards its own operations as one of the best channels of communications they have. The close integration of their information systems and transportation systems with those of their customers makes it even more difficult to switch to alternative market offerings. One of the first things they see on the screen when they turn on their PC is FedEx. While most brands focus either on businesses or on consumers, FedEx keeps them both on its radar screen. The primary target is theB2B world, but in order to ensure that its ubiquitous brands maintain its leadership status they also build its master brand inside theB2C?
Big 4 firms have their own in-house software developed to better enhance their audit quality. The use of CAATs are also common in these firms for them to perform their audit works in the most effective and efficient manner. With the presence of CAAT, large volume of data can be tested quickly and accurately. Besides, by testing all source location of data from client's computer, it enhance the audit quality as compared to testing of those printouts documents which its actual sources will be in doubt. Due to limited financial resources, Folks DFK & Co. is unable to compete with these big firms to sustain in competitiveness especially from technological resources perspectives.
In these fiercely competitive markets, competitive advantage is a key success factor for any organisation and this edge often rests with its employees. Highly trained employees who provide a competitive edge can be the difference between success and failure. Marks & Spencer (M&S) identified that “Customers are more aware of where and how they want to shop. They also know what sort of shopping experience they require. This has made it much more difficult for retailers to survive” (Source: http://businesscasestudies.co.uk).
The systems also play a pivotal role in generating and integrating information assets into organizational decision-making and a knowledge building process which helps to improve value chains and operational efficiency. Other Knowledge Management technologies such as collaboration, mobile work, content management, business intelligence, business process management (BPM), and knowledge sharing are also employed within the industry. Technology plays a major role in Knowledge Management. Pemberton and Stonehouse (1999) assert that only those businesses that keep abreast with technological developments will be able to manage knowledge effectively; resulting in rapid learning and greater intelligence that will lead to the generation and sustenance of competitive advantage. If Dream Destination gains knowledge from both employees and clients and incorporate technology all ‘problems’ stated earlier will be rectified.
If the strengths that the company bring in the table are not valuable to the company and customers, the competitiveness will become disadvantage. Ryanair’s fleet is a valuable resources as its enables the firm to conceive
STRATERGIC SOURCING/PROCUREMENT Strategic sourcing is the development of relationships between the supplier and the management to acquire goods and services for the needs of the business. In the past SOURCING was termed as PURCHASING. The term SOURCING implies a more complex process suitable for products which are strategically important. Today due to the competition and the emerging new technologies, competitiveness between firms is vastly observed; therefore acquisition of the best available capabilities inclusive or exclusive to the organizations is given vital consideration. In such matters sourcing is not only taken at the level of management but also considered a crucial element of the survival of the business and given high importance.
The company believes in partnering with its customers so as to provide customized solutions that are needs-based. The following were considered as strategic alternatives of the company: 1. Marketing strategy – a differentiation from their competitors in terms of promotion by selling the company as an ally not just as products. Intense offer of extremely reasonable prices and market penetration of prices through lower prices shall be undertaken where need be, while premium pricing in the case of upper-end of the market. Pros : GCC will position itself as a reliable computer and solutions provider and trusted ally who makes sure that the systems work.
The value proposition of IT to business organizations are enormous, but to benefits from IT an organization has to succeed in integrating IT with the business strategic objectives. To do this, the organizations have to develop its IT architecture capabilities which will serve as an enhancer to the enterprise IT architecture before the firm can realize this value from IT. Yes, the company should have risk mitigation strategies for the standardized technology architecture stage because while firms move from the application silo stage, they carries along some of the problem that they were facing to the technology standardization stage. The application of specific-data is one problem facing the standardized stage which has to be managed with care.
ABSTRACT: Managing the knowledge that belongs to organizations is a very important aspect of organization’s success. Knowledge, tacit and explicit, are considered as a critical organizational resources. However, one of the most difficult tasks in knowledge management is to distribute knowledge to the right people, or make the knowledge available at the point where it needed. For a university, tacit knowledge is vital to the society because it the most important source of new knowledge, in the form of discoveries and innovations. It is the result of creative minds applying their tacit knowledge to overcome certain condition that need solutions.