Anglo Platinum's Case Summary

Superior quality and innovation are important to achieving superior customer responsiveness. The ability to satisfy the needs of your customers will allow for your company to stay ahead of your rivals. Customers will be more likely to choose a company if they feel like their voice or opinion is being heard. Another part of this building block is the customer response time. Customers want their products quickly, so ability to deliver the product or service at a quicker rate is important.

We find it more beneficial to focus on the stakeholders because down the road we must ensure that we continue to increase profits. If the company is still able to create revenue, the company should keep higher positions in order to ensure a smooth order of business and job stability. It is important to think of the community and the primary stakeholders when proposing a business plan because their positive outlook of Chocoholics Anonymous is needed to create a profit. In a discussion written by Waldkirch, he discusses the models of shareholders and stakeholders. He responded that the shareholder’s model was not as strong as the stakeholder’s model because “Corporations cannot be successfully managed in the long run against the interests of its stakeholders” (Waldkirch, 2008, p. 7).

According to Barney (1991), a firm can be said to possess competitive advantage when it achieves superior performance over its competitors by implementing a value-creating strategy that is not simultaneously being implemented by a competitor. TJ is Barney differentiates simple competitive advantage from sustainable competitive advantage, which is more durable because existing or future competitors cannot duplicate the benefits of the company’s strategy. Recommendations and

However, It is critical to build a performance management process and system to reflect the culture of the organization. Thus, the system should measure the employee’s performance against what he or she is employed to deliver. Having said that, the standards set need to be realistic otherwise the behavioural standards will lose credibility with results yielding wrongly. Also, the center would need to consider past issues that caused unfair results. Consequently, it should also be determined how the performance management system is being used, be that as it may, systems facilitate the attainment of individual and corporate goals that allow data to track and monitor all employees individually as well as the

Constant flexibility and adaptation are one of the most important elements of success for the company on a client-specific level. What are some other values that describe not only the culture of the business organization but also the way One Smooth Stone delivers quality to its clients? Ledogar describes the three main values the One Smooth Stone holds the entire company’s motto is “Smart, Fast and with Kindness.” The other values that are important to the company include mutual trust, hard work, and the freedom to think outside of the box, so they can get the job done the right way and have fun doing it. But if you are looking for examples of smart, fast and with kindness. Smart is being able to get the best resources, applying the best techniques to your project and choosing the strategy in what you’re presenting to the performance of your client.

According to Porter (2008), a strategy should create a long-term sustainable competitive advantage for a company. This can either be achieved by performing similar activities better than rivals meaning to have a higher operational effectiveness – or to have a unique and valuable position with a consistent fit among a company’s activities and some trade-offs. Bark & Co.’s strategic positioning can therefore be described as a highly needs-based one due to the fact that the company focuses on meeting the needs of a particular group of customers and therefore also creates a fit among all activities. Whether this strategy will lead to a sustainable competitive advantage and what Bark & Co. needs to consider in order to operate successfully in the Pet Product Industry will be evaluated in the following chapters of this

Employee Turnover: Employee turnover is paramount to the success of an organization, for this reason, manager 's needs to monitor the hiring and firing rate of their employees, including employees who leave voluntarily to see if they are losing high or non-high performers. Implementing a turnover metric system can help employers avoid retaining

The actual genuine value of conducting business that inspires creativity, further cooperation and facilitates efficiency. Balancing people needs and long-term economic development as well as sustainable marketing these aspects lead to strength and faith in companies while they make use of less resources and funds. On an operational basis, sustainable marketing aims at making use of social evolution and customer behavior. This results to the achievements of long-established profit options. Finally, it is meant to provide services and goods through the management that is done in a responsible way.

And that is the reason why it is good for the customer also. It is good for the customers because we get the best prices! We get to have that choice of what store/ site we want to go to. Which has the best prices and service. When businesses compete they can be more successful than other businesses, and that is what business is all about.

Brand equity provides sustainable competitive advantages because it creates meaningful competitive barriers. Brand equity cannot be either built or destroyed in the short run but can be created only in the long run through carefully designed marketing investments which are a valuable asset to a