Assalammualaikum & a very good evening (currently its 9.23 p.m now) to all my readers.
Chapter 2 Summarization
Today, Im going to share with you what I have been thought in this chapter. What is a competitive advantage? What are the importance of having the competitive advantage? I learn that Product or service that an organization's customer place a greater value than similar offering from a competitor is a competitive advantage.
In other words, I have been thought organization must have a different feature or characteristic in their product compare to other competitor as this will let customer to have most interest in the product. I also knows that it is important to become the first- mover advantage because it will helps organization to gain market share.
Other than that, I also have been thought about the tools that can be used to analyzed and develop competitive advantages. All of the tools are important because it helps the organization to understands competitions and its implications for business strategy. I notice that it is also important to observe the buying power and supplier power because it influence customer's intention and limitation to purchased one goods.
As a conclusion, it is important for the company to use all of the tools wisely in their management as this will help the organization to analyzed the competitive advantages.
As a conclusion, it is important for the company to use all of the tools wisely in their management as this will help the organization to analyzed the competitive advantages.
Thank you for reading this entry.. =)
Love, Amalina Mahat.
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