Organizations develop strategies to gain a competitive advantage. One way an organization establishes competitive advantage is through the use and development of core competencies. Core competencies are the value created activities that allows a company to achieve efficiency‚ quality‚ innovation‚ or customer responsiveness (Jones‚ 2010). Two specific core competencies that give an organization a competitive advantage are functional and organizational resources. Functional resources are simply the skills
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Discuss the Core Concepts and Principles of Marketing at The Burj Al Arab Hotel‚ Dubai Introduction Hugh Taylor from Edwardian Hotels stated that ‘Marketing is not an elusive art‚ it is more a science of identifying customer needs and wants and presenting a package that answers these needs’ (1993‚ pp.16). I am going to be investigating the core concepts and principles of this ‘science’ and how it applies to the Burj Al Arab Hotel in Dubai. The Burj Al Arab‚ also known to some as The Burj‚ is
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n a g Core Competence Introduction:core competency is a concept in management theory originally advocated by CK Prahalad‚ and Gary Hamel‚ two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it‚ or its employees‚ works. A core competency can take various forms‚ including technical/subject matter know-how‚ a reliable process and/or close relationships with customers and suppliers. It may also include product development
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PLT3980: Issues in Global Politics "Religious fundamentalism and terrorism are products of globalisation. Discuss." Following evidence of a revitalisation in religious faith1 throughout the world‚ and a series of terrorist incidents purportedly motivated by religious fundamentalism‚ various commentators have argued globalisation has ushered in new forms of radical religious belief and expression and a unique form of contemporary terrorism. This essay contends that while various forms
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Identify L’Occitane’s core competence. With reference to resource based view‚ explain how the competence was created. 1. Respect for the Environment L’Occitane invested heavily in developing products that contain rich natural ingredients with traceable origins. The company follows the principles of phytotherapy and aromatherapy‚ without using animal products. All product tests are under medical supervision rather than tests on animals. L’Occitane also limits the use of silicones‚ chemical
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air miles. Brand is the "name‚ term‚ design‚ symbol‚ or any other feature that identifies one seller’s good or service as distinct from those of other sellers."Initially‚ Branding was adopted to differentiate one person’s cattle from another’s by means of a distinctive symbol burned into the animal’s skin with a hot iron stamp‚ and was subsequently used in business‚ marketing and advertising. A modern example of a brand is Coca Cola which belongs to the Coca-Cola Company. A brand is the most valuable
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communications play a very big role in creating a strong brand identity. A brand is more than just that‚ a brand is almost like a person; it holds certain characteristics‚ values and personality traits. Combining all these aspects allows a brand to communicate with their consumers‚ which creates a strong relationship between the two parties. Brands have to communicate a certain message to reach their consumers and get them on-board with the brand‚ they communicate their messages using the following marketing
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Core Competencies Core competencies are the essential capabilities that create a firm’s sustainable competitive advantage. Based on experience‚ knowledge‚ and know-how‚ they are built up over time and cannot be easily imitated. For this reason‚ products and technologies are seldom core competencies. The advantage they provide is short-lived‚ and other companies can readily purchase‚ emulate‚ or improve upon them. Core competencies are more likely to be processes. Processes cut across functional
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Some consumers are influenced by brands‚ other are not. Discuss the reasons for this. Currently‚ there are many products which have been introduced to the market. A company attempts to make their brand recognized by consumers in order to gain repurchasing from their customers. The company needs to predict an expectation of consumers. Therefore‚ brand management could be one of the most important roles in achieving this. Branding is a product or service that is distinguished from its competitors
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APPLICATIONS OF AUGMENTED REALITY IN CONSTRUCTION PROJECT PHASES Akshay MN1‚ Harikrishnan Ranjith2‚ Hrushikesh MG3‚ Mayank Agrwal4‚ Sayali Kolte5 ABSTRACT Construction is a game of uncertainties. Unforeseen circumstances pop up almost on a daily basis in a construction project. Being able to foresee them and to rectify the issues without a fatal effect defines the success of a project. Augmented reality helps in visualizing many of these unwanted errors which are hidden in the real world. This
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