Leadership, by contrast, is about coping about change. Part of the reason it has become so important in recent years is that the business world has become more competitive and more volatile. Faster technological change, greater international competition, the deregulation of the markets, and overcapacity in capital-intensive industries……. and the changing demographics of the workforce among the many factor that contributed to this shift. More changes are more and more necessary to survive and compete effectively in this new environment.
According to Mark Gottfredson (2005) in Strategic Sourcing: From Periphery to the Core, there are many companies have transformed its businesses through means of globalization and technologies, which eventually increase their competitiveness level in the industry. Saudi Aramco shall focus on its core strategic capabilities, which differentiate its uniqueness and empower it to stand out from the crowd. Through the transformation, Saudi Aramco is in need to elevate its sourcing strategy that will support its ability to control and make the most of its critical
In order to survive, companies need to respond to ever-increasing levels of volatility in demand and focus their efforts upon achieving greater agility. Agility has the ability to rapidly respond to changes in market and customer demands as the bearer of competitive advantage. Therefore, companies need to
Nowadays, many company around the world. So, there are a lot of competitors in a market. To differentiate the company with other competitor is through competitive advantage. Competitive advantage exists when an organization acquires or develops a combination of attributes that allow it to outstrip its rivals. Competitive advantage can occur using new technologies such robotics and information technology.
Many companies used many different ways in order to increase their productivity and sales by attracting more customers. It is the same that goes to Maxis. Normally the factor that affects the competitive intensity in Maxis is the differentiation potential. It is the level of possible product or service differentiation categorized as another important competitive factor. The harder it is for the company to differentiate themselves, the more intense for them to be in the market and sell their product or compete in capturing customers for their solution that have similar substance which have a similar replacements.
International marketing can help open up a bigger business than your organization would have the capacity to reach generally. With a bigger business sector comes the potential for more profits and a more prominent client base. Global promoting introduces a completely new population with your products and services and can possibly significantly build your organization 's acknowledgment and compass. While the cost connected with international marketing on a vast scale can be restrictive for some small companies, the potential prize can far exceed the danger. Small companies can in some cases gather as one or accomplice with a current marketing organization or system to help lessen the money related and logistical weights
an increasing population size may indicate a growing market and availability of a workforce . Technological technology Developments place new challenges on the ability of any business to meet growing customer demand. IT influences the rate and scale of change which business faces .for marketing ahmad new business it is important to to have a web presence on search engines and to promote the company through different publications because of the increased competition from others in market . Example; IT for business management (hardware and software); ICT for communicating with other businesses and clients; materials and equipment Economic The economic situation is largely related to the buying position of the consumer . Analysts must properly assess how consumers will react when there are changes within this factor.
It is high time that firms plan and execute talent management for requisite results to survive in this competitive age. The soaring costs and risks associated with human resources; and the direct dependence of customers and brand equity on the employee talent pool, requires firms to effectively attract, motivate and nurture talent. Let us took at the reasons that make talent management a vital cog in the growth of organizations. Cost Constraints: It is known fact that HR management is becoming a highly capital-intensive function of an organization. Right from the direct costs related to recruitment, training, remuneration and developmental efforts, to the indirect costs associated with attrition and poor planning, manpower administration requires a careful planning and execution at a every step.
Approaching customers with ‘customer is the king’ approach led productions under improved quality. Businesses have to fight for customer satisfaction, they are compelled into rising their standards and quality to survive in the market. With globalization companies develop business branches opening jobs. This has given them the opportunity to invest in markets. Companies have been directly invested through the production history and production success rates.
Based on history, change is inevitable. Management accountants must evolve by gaining a greater understanding of the business; the flow of inputs and outputs. This alleged change will be based on a new economy, a new organisation and new accounting. The new economy will be influenced greatly by innovation and electronic activities which may outsmart people in time. This will impact the way in which we do business, the role of information and the way we communicate.