Competitive Advantage in Tough Times




Competitive Advantage
Knowledge Center

Translate

Forum
11
michel van wijk, netherlands

Competitive Advantage in Tough Times

Does need to change, in tough times, imply that one has to do things different or different things? In times of tough business circumstances, the core of change mgt is best translated in a return to basics, to your USP’s: Make all co-workers aware of what you are best in; re-invent core competences; be critical on all activities that add no value for your customers: cut these costs; be sure that you provide a product, service that is unmistakable appreciated by your customers: provide clear above average price-performance; communicate without reserve your added values to all your business relations and your staff.
This approach of change mgt in tough times, is core to CUSOE: improve customer satisfaction & operate excellent. It implies that smart and effective work are mainstream, that customer value = return on investment is leading, that operational excellence = efficient work processes and minimized defects result in both cost savings and a positive effect on satisfaction for employees.
 
Comments

Rating

 
0
Colin Holmes
Business Consultant, United Kingdom
 

Tough Times

Michel has hit the nail on the head. Simplification of the route to competitive advantage starts wit... Sign up

   

More on Competitive Advantage:
Summary
Discussion Topics
🥇 Quotes Competitive Advantage
🥈 10 Routes to Competitive Advantage
🥉 Case studies in "Cost Leadership"
How Can Logistics Help to Achieve a Competitive Advantage?
Stuck in the Middle?
Changing from a Cost Leadership Strategy Into Differentiation
Competition versus Cooperation
Competitive Advantage or Die?
What is Competitive Advantage?
Competitive Advantage in a Monopolistic Market?
Health/Fitness Club Industry Analysis
Life Cycle Approach to Competitive Advantage
Focus your Efforts in Building Competitive Advantage
What are the Risks of a Differentiation Strategy?
👀Competitive Advantage in Tough Times
🔥 Is Superior Value to Customers a Competitive Advantage?
Knowledge Management is more important than CA
Weaknesses of Porter's Three Basic Types of Competitive Advantage
4 Stages of Hypercompetition
Why are Firms Different? Why Successful Firms Differ?
Cost and Value in Analysis of Competitive Advantage: 2 Sides of the Same Coin?
Successful Companies: Only Three Rules Needed?
The Role of AI in Competitive Advantage
Special Interest Group

Do you know a lot about Competitive Advantage? Become our SIG Leader

Competitive Advantage
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2023 12manage - The Executive Fast Track. V16.1 - Last updated: 2-6-2023. All names ™ of their owners.