Qualitative research is gathered using depth interviews and focus groups. Face-to-face interviews and focus groups can provide important insights into the services, the market and the customers. However, getting clear results from qualitative research can be difficult. During a focus group, people may be positive just to be polite, while others may dominate the discussion. The company would also be working with only a small sample of the target market as typical groups are usually between four and eight people. Qualitative research could also be conducted by one-on-one interviews. Recording the process is especially useful for accuracy and for reminding the researcher what respondents said as well as how they looked in the interview. Non-verbal …show more content…
Records of advertising campaigns within the marketing department can be compared with the invoices held in the sales department with the aim of analysing their effectiveness and getting ideas for future campaigns. Past sales history can also be used to identify trends and forecast future figures. Customer records also provide helpful information, such as purchasing trends. For forecasting, it can help to assess key trends to anticipate how the market may change. Internal sources of data should always be the preferred study for any investigation because they are usually the cheapest, quickest, and most convenient source of information available. Internal data will also be exclusive to Lufthansa Technik Malta, and rival companies do not have access to …show more content…
The independent variable would be competitive advantage while the dependent variable would be organisational performance.
Organisational performance may be calculated on the basis of sales growth and return on investment. There are three main relationship patterns between competitive advantage and organisational performance. These patterns are exclusive advantage leading to higher performance, exclusive advantage without better performance, and superior performance without exclusive advantage.
Competencies distinguish Lufthansa Technik Malta and generate exclusive advantage. In order to have a sustainable competitive advantage, a competency must be extraordinary, essential, and difficult or costly to duplicate. Easy or direct alternate for the competency should not exist. The most important strategic assets are the skilled expertise and knowledge that the company gathers over time. Quick simulation is difficult because they require replication of time usage in learning. When assessing the importance of current or potential competencies, managers have a clear concern in determining the level on which these competencies will direct to stable unique
BTEC SALES PLANNING AND OPERATIONS Unit-20 By: Aishath Shivany (A000934) Submitted Date: 29 April 2017 Assignment Zacoom Holdings presents 1 | P a g e By: Aishath Shivany (A000934) BTEC Sales Planning and Operations Unit 20 29 April 2017 Table of Content Page Executive Summary .............................................................................................................................. 2 P3.5. The Use of Database in Effective Sales Management ............................................................... 3 1.
Business Assessment An organization must identify its core competencies and strategically align those competencies with its business objectives to achieve success. In fact, C.K. Prahalad and Gary Hamel explained in the Harvard Business Review that the most powerful way for an organization to prevail is for it to “identify, cultivate, and exploit the core competencies that make growth possible” (2000). Lockheed Martin has thoroughly aligned its competencies, business objectives, and key performance indicators, which has undoubtedly contributed to the corporation’s effectiveness.
Introduction Re-invention and targeted approach towards achieving competitive advantage were the key strategic actions taken to make Trader Joe’s (TJ) from a glorified regional convenience store to a nationwide specialty retailer, and that might just be the most important thing in the supermarket business. The footprint of this success lies in the efficient utilization of the company’s resources and their unique capacity to deploy its resource and capabilities(BB835). The result of such unique circumstances helped TJ to stay far ahead of its competitors in terms of customer satisfaction and brand loyalty. This TMA proposes that, through a company’s resources and capabilities TJ managed to imitate Key Success Factors (KSF) that created value,
Resources and Capabilities VRIO Framework V R I O Competitive Implication Strong corporate culture + + + + Sustainable competitive advantage Strong investment in R&D + + + + Temporary competitive advantage Outstanding customer service + + + + Sustainable competitive advantage
Its aim is to delivering some value to the customers so they purchase or sell goods and/or services. Advertising, however is one of many tools used in marketing to reach and inform consumers. Of the four P’s in the marketing mix, advertising falls under ‘promotion’. Some other marketing tools are public relations, sales promotions, directing marketing and personal selling. There are various types of advertisements, among them political, public service, retail and directory.
Cut-off date 27 February. Part1: Essay. ‘Evaluate the contribution of a qualitative approach to research on friendship’. Part2: DE100 project report – Method.
Introduction Qualitative research are those kind of researches that an outcome is obtained without the application of statistical methods of data analysis (Strauss and Corbin, 1990 cited in Golafshani, 2003). However, the qualitative research takes a direct approach, where the researchers arrive at a conclusion through the observation of events as they occur naturally without external interferences (Golafshani, 2003). Ethical and methodological issues may arise, therefore in order to demonstrate the legitimacy of Qualitative research it is important to integrate rigour and trustworthiness. Potential ethical issues There is the need to take into consideration ethical issues that may arise from conducting qualitative researches.
It will contribute to competitiveness, skills enhancement, employability and capacity to deal with
3. QUALITATIVE RESEARCH THEORY 3.1 QUALITATIVE RESEARCH Qualitative research is a form of research in which the researcher collects and interprets data, meaning the researcher is as important in the research process as the participants and the data they provide. Reason and Rowan (2004) have argued that the core element of a qualitative research approach is to connect meanings to the experiences of respondents and their lives. According to Clissett (2008) qualitative research involves a variety of research methods that can be used to explore human experience, perceptions, motivations and behaviours. Qualitative research is characterised by collection and analysis of words in the form of speech or writing.
They have achieved such a success based on the way they have organized their operations. Competencies are very important for an organization to build up on their own. Competencies can be of two aspects namely core competencies and threshold competencies. A core competence can be identified as a unique set of skills or production techniques that deliver a particular value to the customer. A threshold competence can be identified as a quality that need to maintain by the organization in order to remain competitive in the market (Rohwedder & Johnson,
Competitive advantage is when two or more firms compete within the same markets, one firm possess a competitive advantage over its rival when it earns (or has potential to earn) a persistently higher rate of profit. There are three types of competitive advantage. a) Cost leadership strategy occurs when a firm a delivers the same services as its rivals but at a lower price. b) The differentiation strategy occurs when a firm delivers greater services for the same price of its rivals. c) Focus strategy is a focused approach requires the firm to concentrate along one specific segment either a cost leadership or a specialization strategy.
COST STRUCTURE OF SAMSUNG Low cost structure of Samsung and high responsiveness to economic events has made Samsung more competitive. For example, initially Samsung focused more on volume and domination on market rather than increasing profitability. However, in 1990s, during the Asian financial crisis, Samsung cut costs and reemphasized product quality and manufacturing flexibility, which allowed its consumer electronics move from project phase to store shelves within next six months. Under the resources-based view of strategic management, effective resources available to a firm, as well as the competency of a firm is responsible in affecting competitive advantage received by a firm.
M2. Strengths and weaknesses of different approaches to situations within the work environment faced by the Management and leadership at Ford. The strengths of situational leadership is that there it creates excitement for the employees as this is the best leadership style and it is possible for the employees for follow it. It builds good unity between employees and helps to make decision as it involves boosting the motivation.
Qualitative research method has been widely used to gather data on specific subjects. With in- depth analysis, this method helps the researcher to get greater insights on various phenomena. The major reason why it is usually preferred over other methods is that it not only examines the when, where and what of a decision making process but also the why and how. Debates, interviews and various other researches are the areas where this approach is commonly used. Depending on the requirement of the research, the data gets streamlined once the entire data is obtained and gathered.
1. Market Penetration requires increasing the existing product sales in the existing market. The main strategic objective is to obtain more market shares or get the position of market leader. As an example: Aldi followed the market penetration strategy by opening thousands of stores across UK offering the same products. 2.