ERF will create a selling opportunity until its third quarter results. Following these results, I believe its stock will again come under pressure based on the company’s poor results, along with its bleak future fundamentals. Enerplus has no answer to this situation except to maintain its financial strength while focusing on productivity improvements and cost control measures. Additionally, it is investing only in those projects where the expected returns justify the investment, and all this in a highly volatile market. The company’s strategy of investing in four key assets – consisting of North Dakota, Bakken, Three Forks, and Marcellus – has been fueling its production levels.
Skills requirements: Evaluating the skills of the current workers is an essential part of human resources planning as it helps a business to build up a profile of the training, experience and qualifications that employees already have. This is very important whether the business is wealth intensive or work intensive. As the environment and type of work changes in the business, so do the skills requirements. If we look at Morrison Talent management skill is really important because the manager need to know what he’s doing to make the company succeed against it competitors. • Costumer Service • Team Work •
This is to avoid rejecting customers, especially in important seasons. RISK MANAGEMENT TECHNIQUES: Loss Reduction LOSS REDUCTION: The size of its loss can be reduced by establishing more rooms and function rooms to avoid rejection of customers due to fully-booked rooms. • Apply bigger insurance that can cover the firm’s location – It is important to insure all the transient houses and function rooms for the customer’s safety in case of emergency. This is for the firm’s safety and good impression from the clients. RISK MANAGEMENT TECHNIQUES: Insurance INSURANCE: The firm must apply for bigger insurance to cover their equipments and properties for them to be secured and maintain the safety of their valued customers.
“Demand-side benefits of scale discourage entry by limiting the willingness of customers to buy from a newcomer and by reducing the price the newcomer can command until it builds up a large base of customers” (Porter, 2008, p. 81) The third barrier is the customer switching cost which are “fixed costs that buyers face when they change suppliers”. (Porter, 2008, p. 81) The fourth barrier is the Capital requirements. Many industries require large financial resources in order to compete such as the airline industry which would require billions to invest in. The fifth barrier is the Incumbency advantages independent of size. Porter believes that certain companies can have certain advantages over their rivals which are
The process thus makes use of simple sorting algorithm to choose lowest quoted value amongst available quotations and then considers feedback associated with each vendor. This results in value addition to overall E-tendering system. VIII. FUTURE SCOPE: 1. Future scope of proposed system can be online bidding or online auctioning.
In order to succeed in this environment an organization must understand its competitors’ strengths and weaknesses and anticipate how these strengths and weaknesses may affect its own team’s strategic position. For example, product demand is directly related to the technological competence of competing companies. When several companies hold the same level of technological competence MobAir’s ability to sell cell phones decreases dramatically. This was evidence in round 5, where profits reached a negative number. As a result, demand was spread over (6 of teams) leading to weak industry wide demand.
RefreshNow: Case Study Question 1 RefreshNow should consider the cost of product implementation; such may include the need for more in-house staff to support the implementation, which includes such activities as marketing and advertising. The company should also consider the competitive environment with a focus on their competitors, the competitors pricing strategies, their market share. Another significant factor the company should consider is the profit potential with a focus on the product’s potential impact on bottom-line revenue. Focus should not only be on the product itself but also on its potential to open more doors to new opportunities for revenue. Question 2 Solution Price per Unit $2 Variable Cost per Unit $1.9 Total Fixed Cost$40,000,000
They achieve this by breaking down the market in to two categories; the pace of change in technology and the pace of change in technology, determining four possible scenarios and subsequently determining whether any first mover advantage is likely to be “short- lived” or “durable”. These scenarios rely on different sets of capabilities and assets (Suarez et al, 2005), This framework is useful because it allows one to determine the likelihood of achieving a first mover advantage by analyzing the pace of change in a particular market. It can enable executives to strategically decide, based on their current assets and resources, when to enter and, probably more importantly, when to exit a market. Knowing how long your advantage is likely to last can inform your strategic thinking and perhaps even give you a slight advantage over your competition. Where they are different (600 words) Describing the sustainability of the
The rapid changes in the business environment require the organization to be more dynamic in order to survive in the competitiveness environment. The success of any organization is determined by the quality of their human asset in order to gain the competitive advantages. However, it is difficult to maintain the quality of the human asset due to the certain barriers. Training and development process is one of the key elements for the organization sustain or survive in the competitive environment. Aswathappa, (2000) states that The term ‘training’ indicates the process involved in improving the aptitudes, skills and abilities of the employees to perform specific jobs.
The diamond model is the model that helps to analysis the ability for competitive of any industry, there are six factors that each industry has to concern as follows; Factor conditions contain human factor, natural resources, knowledge, capital, infrastructure utilities, science and technology, finances, etc which is very important factor condition for firm’s competitive. Demand conditions are the consumer tastes, requirements of consumer products and services that create a competitive advantage and also force the firms to innovate faster products than those of competitors. Related and supporting industries: The industries which are the partner with the firm and they also participate or joint in order to the upgrading to the new innovative