Studying the determinants of exports performance has been one of the major priorities in the field since the 1970s. However, despite of the tremendous attention devoted by researchers, a comprehensive theory that explains export performance is yet to be developed. Some consider that knowledge on this field is fragmented, diverse and sometimes even inconsistent, which makes export performance one of the most contentious fields in international marketing (Katsikeas, Leonidou, & Morgan, 2000). Export performance research at the firm level in emerging economies in Africa is sparse as studies have largely focused on the country level. Rankin et al. (2006) contend that in Sub-Saharan Africa, (SSA) without export involvement the domestic market …show more content…
Export performance can be described in objective terms such as sales, profits, or marketing measures or by subjective measures such as distributor or customer satisfaction.
Export performance refers to the outcomes of a firm’s export activities (Canvusgil and Zou, 1994; Katsikeas, Leonidou and Morgan, 2000), and considered as one of the major indicators of the success of a firm’s operations/export activities (Jalali, 2012).
Shoham (1998) defends that “export performance is conceptualized as a composite outcome of a firm's international sales (such as export sales, export profitability and performance change). According to the resource based theory and dynamic capabilities (Newbert, 2007),(Barney, 1991), performance (Grant, 1991) directly depends on the competitive advantage that has a business. Also, the relationship between the resources and the performance of an organization is not direct but rather characterized by the mediating role of competitiveness. An organization is a combination of resources and competencies and competitiveness is the ability of a company to
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These resource advantages empower a firm to create a competitive advantage with their own resource position making it difficult for other competitors in the industry to imitate or catch up with the market leader. Thus, management of the firm has to focus on their strong resource positions in order to influence their operations to create a competitive advantage for export performance enhancement. Barnery 1991, Wernerfelt, 1984, felt Celec et al.,
This paper explains the U.S. financial system to CFO of Jagdambay Exports. I will explain the following questions. 1. Explain the components of a financial market and its relevance to Jagdambay Exports. Be explicit and explain to the CFO how financial markets differ from markets for physical assets and why that difference matters to Jagdambay Exports.
Substitutive performance as it used to be Traditionally, where there has been a breach of trust arising from a misapplication of the trust property, the breach had to be remedied by having the trust falsified. This subjected the trustee to a strict liability to restore the trust property in specie. Where this was not possible, the trustee had to compensate the beneficiary by paying him or her a monetary sum equivalent to the value of the trust property. This is known as substitutive performance. As stated by Elliott, ‘a beneficiary seeking substitutive performance relief in respect of a misapplication of trust property does not complain of a breach of trust causing loss’ .
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
Evidence from a Field Experiment in West Africa PC Vicente - Economic Journal
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
Apply the concept of VRIN to analyse its value-creating ability. All resources that an organization has may not have strategic relevance. Only certain resources are capable of being an input to a value creating strategy which put the organization in a position of competitive advantage. Great brand identity gives Disney's parks an edge over its competitors. Applying the concept of VRIN (valuable, rare, inimitable, non-substitutable) on Disneyland theme parks- • Valuable-
As Americans, we may already believe that some products are too high, especially technology, but if paying a small percentage more means improving the living standards of Africans we should accept this if such a change were to happen. Although, the American people didn’t directly make decisions that would have such a catastrophic effect on several African countries economy or elect corrupt officials into office, it has been the tolerance of leaders like Mobutu, arranging assassinations against leaders that want to be self-reliant like Thomas Sankara, and exploiting the labor and resources of the continent by our government that makes American citizens responsible. For centuries, the cost burden of products has been places on the backs of the African people, rather than Western consumers. It is time that the Western world start bearing some of that burden to help alleviate the poverty in African
5. Trade barriers and unfavorable political conditions can also affect the export
Capabilities are complex skills or ability that a firm develops with time to perform business operations competently and utilize their resource effectively. Costco earned reputation for serving highest quality regional and national brand goods for the lowest possible prices. This reputation is the biggest resource for Costco. Also, Costco has strong financial resources that
nternational marketing in export and franchising Objectives International marketing is the export, franchising, joint venture or full direct entry of a marketing organization into another country. • To bring countries closer for trading purpose and to encourage large scale free trade among the countries of the world. • To bring integration of economies of different countries and there by to facilitate the process of globalization of trade. • To establish trade relations among the nations and thereby to maintain cordial relations among nations for maintaining world peace. • To facilitates and encourage social and cultural exchange among different countries of the world.
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,
This can be achieved through many avenues including offering a better-quality product or service, lowering prices and increasing marketing efforts. Sustainable competitive advantage refer to maintaining a favorable position over the long term, which can help boost a company’s image in the marketplace, its valuation and its future earning potential. Competitive advantage occurs when an organization acquires or develops an attributes or combination of attributes that allows it to outperform its competitors. These attributes can include access to natural resources, such as high grade ores or inexpensive power or access to highly trained and skilled personnel human resources. New technologies such as robotics and information technology can provide competitive advantage whether as a part of the product itself as an advantage to the making of the product or as a competitive aid in the business process for example better identification and understanding of
ACHIEVING GLOBAL COMPETITIVE ADVANTAGE OF APPLE INC. Apple Inc. is an American conglomerate company located in one immeasurable loop, Cupertino, California in the middle of the Silicon Valley. (OPPapers, 2012). Apple is motivated on their designing, developing, innovating new products like the personal computers, other related software products, and the electronic products such as MP3 players and iPods. Apple Inc.’s main products are iMac, iPod, iPhone, iPads and its latest advanced product is iWatch, which is on the edge of creating another revolution after iPhone. Apple Inc. has transformed its image from an inventive computer manufacturer to a fully-fledged consumer 's electronic company.
However, at the evaluation the unique resources and competencies are capable to deliver the value proposition of the company. It is much difficult in identifying the recognizing driven business capabilities in terms of attaining competitive advantage. The VRIO model is used analyze firm’s internal resources and capabilities to find out if they can be a source of sustained competitive
Performance Management Performance management according to --- is a function that that embraces activities such as articulated goal setting, uninterrupted progress reassessment, regular communication and feedback, as well as coaching for better performance. Likewise, it involves execution of employee development plans and rewarding accomplishments. In other words, performance management focuses on improving employee performance along with effort via a process that supports employees to get personal and professional fulfilment by a feel of purposeful contribution. In organisations, management is responsible for meeting organisational objectives through the involvement of others; through evaluating the performance of systems and human resources.