However, they will not believe that the consumer will bring the huge benefit to their business because consumers will remember company which give them rewards, and they always stick with them. In addition, they also buy other goods, not only the one that they have the reduce price coupon. Thus, whenever they want to buy something, they always think about their favorite company
The identification of SWOT is important because they can inform later steps in planning to achieve the objective. SWOT analysis is a tool to analyze the internal and the external factors that is stands for strengths and weaknesses, opportunities and threats. Firstly, strengths describe the core competencies of a business, strategic factors that may make a certain extend more likely to succeed where the commerce may have positive points over other comparable businesses. For instance, Cravia has harmony and chemistry between workers, people and groups. This agreement makes a difference in encouraging the work and assignments.
In addition companies need to deliver their products while keeping cost effectiveness in consideration. If they understand the perceived benefits of their target audience and are able to engage with them on a personal level, they can attain customer satisfaction and ultimately can have increased sales. In conclusion, conveying Unique Value proposition clearly to the customers could be a complete win/win for any business. Brand equity Formal Definition: The commercial value that derives from consumer perception of the brand name of a particular product or service, rather than from the product or service itself. Alternative Definition: Brand equity refers to a value premium that a company generates from a product with a recognizable name, when compared to a generic equivalent.
And at the same time brand loyalty can be attained when organizations are able to go beyond the expectations of the customers and fulfill their needs in the most effective way possible. When customer expectations are exceeded by organizations customers become their regular customers and spread good word of mouth about the organization thus creating a good reputation of the company in front of others. But a collapse on the part of an organization to fulfill the needs of the customers makes them feel deprived and they feel that organizations are intentionally depriving them of their needs and demands thus creating negative customer experience (Taylor,
According to the RBV-based researches, each IT resource, its capability, IT-based core competence, and competitive advantage has close relationships. In sequence, this relationship may result in a conceptual model of IT value engineering . 2) This research is a continuance of previous researches, thus, it is not dedicating to modeling the relationship between IT and the organization performance. This model has been performed by past studies such as , , and so forth. 3) To exploit quantity relationships among subsystems of the conceptual model of IT value engineering, PAV theory with a static speed of adjustment  appears to allow the model to develop relations among the subsystems .
In this analysis, include any best practices they possess and how the other company might benefit from them. We might go as far as calling this a cultural due diligence exercise. A company’s culture, in the end, proves to be even more important than their results, especially for some key aspects of mergers. Do not underestimate the importance and repercussion of not communicating changes clearly and efficiently to all the affected personnel. This will ease the integration process and generate less pushback from employees at both sides of the deal.
Companies use this training quite regularly and it’s very important. It is extremely critical to a business that all employees try their best to understand and appreciate other co-workers no matter where they are from. So the reason being for the sensitivity training is to educate employees on how to act and communicate around people of different ethnicities. During this training period the employees are taught appropriate terms that are to be used, proper etiquette, work on their communication skills. People that are usually worked with during this time are team members and workmates, supervisors, managers, and consultants.