If you were a manager how can you help your company maintain its its competitive edge? essay

In order to get the competitive advantage over its competitors, the business must adopt the efficient and effective ways of management. ”MANAGEMENT” is the process in which the manager is assign perform those task which are beneficial for company. Companies must have the hunger to learn new things and ideas for gaining development, and to survive in the market amongst its competitors. Now a day everything is changing very quickly, even the management ideologies as well, so the success of the business is after the adaptation of new changes, and if any business can’t undertake these changes, then whole demand and supply collapse and life of business diminish. In business there are ups and downs come, but only those companies survives, who have trained their employee and have management team to face any downs (crisis)

Explanation:

If there are no underlying issues, the best way to maintain a competitive edge is to remain alert, open and objective. A company needs to constantly conduct competitive analyses to ensure the competition is not creating or producing a product/service which undermines their competitive advantage.

These analyses could inquire about operational aspects about competitors. How does their supply chain function? Is it better than ours? Do we need to upgrade our supply chain so we do not fall behind, or is it irrelevant to our competitive edge? Do they attract and maintain better workers?

Cheaper workers? Which one is more important to us? How do they interact with customers? Do they provide a better customer experience? Do we need a better customer experience?

You also should conduct an internal analysis. What are the crucial factors needed for our competitive edge? Do we need a new competitive edge?

Explanation:

I hope this helps u :D

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