Competitiveness, Strategy and Productivity

[@CimolOk-nz5yj]

🎯 Key Takeaways for quick navigation:
00:06 🌐 *Defining Competitiveness in Business*
- Explains the difference between needs and wants in business competitiveness.
- Highlights the importance of meeting customer needs and wants effectively.
- Provides an example contrasting needs (a drink) and wants (specific brand like Pepsi).
01:00 🎯 *Marketing and Pricing Strategies*
- Discusses how marketing identifies consumer wants and needs.
- Covers the role of pricing, using Apple iPad and Samsung tablet as examples.
- Emphasizes the importance of marketing in informing operations and product trends.
02:09 💼 *Operations Competitiveness*
- Focuses on operations for business competitiveness.
- Explains efficient and effective use of resources in operations.
- Highlights the significance of product and service design, and cost reduction in operations.
03:33 🏭 *Cost Reduction and Competitive Pressure*
- Discusses cost reduction and competitive pressure, using Amazon's Kindle as an example.
- Details how competition and cost management affect pricing strategies.
- Mentions the importance of choosing the right location for business operations.
05:08 📍 *Location and Quality in Service Industries*
- Highlights the significance of location, especially in service industries.
- Discusses the role of quality in competitiveness.
- Uses the example of a popular haircut service in New York to illustrate the importance of location.
06:03 ⚡ *Responsiveness to Competitive Pressure*
- Covers the importance of quick response to competitive pressure.
- Uses Nokia's response to smartphone competition as an example.
- Explains the consequences of delayed response in a fast-paced market.
07:14 🌍 *Inventory and Supply Chain Management*
- Discusses the roles of inventory and supply chain management in business operations.
- Emphasizes the cost implications of inventory management.
- Notes the growing importance of supply chain management in a globalized business environment.
08:09 🚫 *Reasons for Company Failures*
- Lists reasons why some companies fail, including short-term financial focus.
- Highlights the importance of long-term planning and adapting to market changes.
- Discusses failing to recognize competitive threats and neglecting operations strategy.
10:21 🎯 *Mission, Strategy, and Tactics in Business*
- Differentiates between mission, strategy, and tactics in a business context.
- Explains how goals and strategies help achieve a company's mission.
- Provides examples to illustrate the concepts of mission, strategy, and tactics.
14:03 📊 *Various Business Strategies*
- Discusses different business strategies like low-cost provider and specialization.
- Covers the concept of flexible operations and high-quality services.
- Mentions the need for distinctive competencies and core competencies in business.
17:10 🌍 *Globalization and Strategic Decisions*
- Talks about the impact of globalization on strategic business decisions.
- Highlights the challenges and opportunities presented by different markets.
- Uses Microsoft in China and Walmart in Japan as examples of globalization challenges.
19:09 🔍 *Environmental Scanning and SWOT Analysis*
- Discusses the importance of environmental scanning and SWOT analysis.
- Details the internal and external focuses of SWOT analysis.
- Emphasizes the need to understand market dynamics and competitor actions.
21:33 🏆 *Order Winners and Qualifiers*
- Explains the concepts of order winners and qualifiers in market competitiveness.
- Provides examples to illustrate how these concepts affect customer choices.
- Discusses the importance of exceeding basic market standards to succeed.
23:49 💡 *Internal Factors Affecting Strategy*
- Covers internal factors like human resources and technology affecting business strategy.
- Highlights the role of internal resources in shaping business strategies.
- Discusses how internal capabilities influence the ability to compete.
25:27 📈 *Quality-Based Strategies*
- Focuses on quality as a key strategy in business.
- Details how quality is created at the source during the production process.
- Emphasizes the inefficiency of relying solely on final product inspection for quality.
27:02 ⏱️ *Time-Based Strategies and Productivity*
- Discusses time-based strategies and their impact on productivity.
- Explains how reducing task completion time can improve productivity.
- Covers various productivity measures and their importance in business efficiency.
29:08 📊 *Productivity Growth Calculation*
- Provides formulas for calculating productivity and productivity growth.
- Uses examples to demonstrate how to calculate different types of productivity measures.
- Highlights the difference between value addition and productivity.
31:10 📈 *Process Yield and Factors Affecting Productivity*
- Explains the concept of process yield in manufacturing and service industries.
- Lists factors that affect productivity, including capital, quality, and management.
- Discusses the role of technology in enhancing productivity.
33:14 🚀 *Improving Productivity and Outsourcing*
- Talks about ways to improve productivity, including outsourcing.
- Details how productivity improvements can reduce the need for outsourcing.
- Discusses guidelines for productivity improvement and measurement.
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[@bkrai]

Interesting. :)

[@7575743]

Dear sir, i am very much happy to learn from you

[@bkrai]

Thanks for comments!

[@nasirulmulk7872]

Thank you very mush sir ! respect from Peshawar Pakistan

[@curioprints9176]

Allah hu Akbar
Booooom!!!!

[@mohammadshafayath5318]

Thank you very much, sir.

[@bkrai]

Thanks for comments!

[@siddhant689]

awesome

[@bkrai]

+Siddhant Singh 👍👍👍

[@Vivekyadav-fj8nq]

thanks

[@bkrai]

+Vivek yadav 👍