Sustainable Competitive Advantage The purpose of this essay is to discuss the meaning of sustainable competitive advantage with examples from hospitality industry. Kotelnikov (2001) states that “sustainable competitive advantage is the focal point of the corporate strategy. It allows the maintenance and improvement of the enterprise ’s competitive position in the market.” “Sustainability in the hospitality industry seeks to provide some answers to questions‚ attempts to resolve challenges and give
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Honda’s Competitive Advantage: There are several factors that can contribute to a firm’s ability to be competitive in its industry. Building blocks of a competitive advantage include efficiency‚ quality‚ innovation‚ and responsiveness to customers. A firm with a competitive advantage may experience higher profits than the average profit in the industry while competing for the same customers. In the case of Honda‚ this is true. Honda has many distinctive competencies based on its resource and capabilities
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Being your own boss has many obvious advantages. The main advantage is that you are in charge. You have the opportunity to do something you really believe in‚ for instance offering a new product or providing a new service. The another advantage is that you do not have a boss watching over you‚ which gives you more freedom to do things your way. Finally‚ the greatest advantage of all for some people‚ you could also become extremely rich if your company become successful. This all seems very tempting
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QUESTION 3 Describe any four advantages of a bicameral system. ( 10 marks ) The system of bicameral legislature is defended on many grounds. Firstly‚ the popularly elected first house may be overhasty and they need checking by a less impulsive and more experience body. The second house works as a check on the hasty‚ rush‚ and ill consider legislation. In passing a law the first house may not have adequate time to consider the bill in detail‚ or it could be passed along
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having meal? However‚ fast food restaurant can sever you a meal within 10 minutes and after finishing your meal‚ you do not waste your time in doing the clean up. Saving your time is an evident advantage of fast food‚ in other word‚ is the first reason for the popularity of fast food restaurant. Another advantage that can be seen easily is that fast food restaurants provide comfort with an acceptable price. When buying a meal at fast food restaurants‚ you always get a hot and good taste one. Furthermore
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Advantages and Disadvantages of Marketing By Adrian “Marketing” is defined by Wikipedia as “the process by which companies create customer interest in goods or services… through which companies build strong customer relationships and creates value for their customers and for themselves.” Start with a marketing plan – identifying the customer and their needs and wants. Since the essence of business is fulfilling a need it is an important to know which need you are trying to fulfil. Then you need
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Advantages of Using Computers Computers obviously wouldn’t be as popular as they are now if they did not offer advantages over doing tasks manually. Some of these advantages are: Computers can perform calculations much more quickly and accurately than humans. For example‚ modern computers can perform hundreds of millions of calculations per second. Large amounts of data can be stored in a small amount of space. For example‚ hundreds of pages worth of text can be stored on a 31⁄2inch floppy
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Advantages and disadvantages of television viewing In this new era of science and technology‚ we have incorporated technology into our everyday lives. In fact‚ we cannot live without electrical appliances that we call necessities and the television is one of them.Much has changed since the first television was invented - from black and white to colour televisions. For some‚ the television is a window to the modern world. By viewing the programmes that are aired on television‚ we can gain a lot
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Advantages in the Civil War No war has killed as many American men as the Civil War. This is because it was a war between ourselves. Leading up to the war were disagreements about slavery and Presidents and other things like that. The South on one side‚ and the North on the other. When Lincoln was elected‚ who the North wanted as President but the South didn’t‚ all hell broke loose. The South attacked northern troops at Fort Sumter and thus began the Civil War. In this war the North had almost
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Advantage and Disadvantage of AEC 1 Business of Tourism in Thai will grow: Because Thai is the center of the AEC according on geographic then Thailand will be the main hub for travelling though other country 2Economic Growth: more opportunity for each country because of the bigger size of market and free flow of labor and capital 3 Free Trade Area a common external preferential tariff scheme to promote the free flow of goods within ASEAN.[44] The ASEAN Free Trade Area (AFTA) is an agreement
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