Leveraging Postponement Strategies for Competitive Advantage in the Automobile Industry | Book Publisher International

 This book explores the successful implementation of postponement strategies in the competitive automobile industry. By delaying product differentiation until closer to the point of sale, automotive companies can enhance operational efficiency, reduce costs, and provide superior customer responsiveness. The book provides a comprehensive understanding of postponement strategies' impact on supply chain management, manufacturing processes, distribution channels, and overall business performance. It offers practical guidance and a strategic roadmap for sustained success in the global marketplace.

 

The importance of postponement strategies is increasingly evident as the automotive industry evolves and faces new challenges. By leveraging postponement, companies can tailor their products to meet specific customer needs and preferences, creating a personalised and satisfying experience for their clients. The book examines the various impacts of postponement strategies throughout the entire supply chain, highlighting their influence on manufacturing processes, distribution channels, and overall business performance.

 

The book also offers a strategic roadmap for sustained success in the automotive industry, providing executives, managers, researchers, and practitioners with practical guidance on leveraging postponement strategies to achieve a sustainable competitive advantage. By understanding the intricacies of postponement implementation, readers can effectively streamline operations, minimise costs, and maximise customer satisfaction.

 

Author(s) Details

Dr. Polycarpe Feussi
University of Johannesburg, South Africa.

 

Prof. Charles Mbohwa
University of Johannesburg, South Africa.

 

Dr. Emmanuel Innocents Edoun
University of Johannesburg, South Africa.

 

 Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48006-65-3

Importance of Practical Business Strategies for Independent Quick Service Restaurants to Sustain Beyond Five Years | Chapter 7 | An Overview on Business, Management and Economics Research Vol. 8

 Aims: To explore strategies that independent quick-service restaurant owners use to sustain business beyond the first 5 years.

 

Study Design: Qualitative multiple case study design was used in this study.

 

Place and Duration of Study: Data were collected from semi- structured interviews with 6 owners of independent quick-service restaurants in Little Rock, Arkansas, who sustained their business beyond the first 5 years and from the review of business documents concerning sustainability. The study was conducted between January 2019 to May 2019.

 

Methodology: A qualitative re-search design was used to explore the narrative experiences, and contemporary experiences and the culture of independent quick-service restaurant owners. Second, re-searchers conducted semi-structured interviews to collect data from the independent quick-service restaurant owners Finally, a thematic analysis was conducted to organize data from the interviews and make a conclusion from the collected data regarding.

 

Results: The findings of the study identified 6 emerging themes: organization value, customer required excellence, financial perspective, human assets, physical operating materials, and technological prowess. These 6 emerging themes contributed significantly to the success of the business practice by 1) providing a guide for operating an independent quick-service restaurant with limited resources, 2), determining whether internal resources are heterogeneous and immobile, 3) evaluating internal re-sources to determine their competitive advantage, and 4) leverage internal re-sources to achieve optimal outcomes.

 

Conclusion: The implications for positive social change include the potential to support the welfare of the citizens in Little Rock, Arkansas, and owners of quick-service restaurants across the United States by providing them with the strategies necessary to increase their survival rate, improve job sustainability, and encourage job creation. The successful owners of independent quick-service restaurants knew how to respond to challenges; they knew how to leverage their limited internal resources using informal strategies to create sustained competitive advantage.

Author(s) Details:

Mario D. Wallace,
Walden University, Minneapolis, USA.

Please see the link here: https://stm.bookpi.org/AOBMER-V8/article/view/13280

Achieving Competitive Advantage through Strategic Positioning: Harvard Business Review Insights | Chapter 5 | An Overview on Business, Management and Economics Research Vol. 4

 In approximately predictable markets, strategic sticking is crucial for a party's competitive advantage. Hence, understanding and establishing the footing for strategic putting is essential, as seen in companies like IKEA couch, Southwestern Airlines, and Neutrogena Corporation. However, operational influence is still necessary for a company to claim competitiveness. Investing in managerial capital is key to functional excellence, which leads to faster tumor, higher worth, and less likelihood of dissolution. To raise operational influence, companies may use administration tools like Kaizen and TQM, select the right supply chains, and widespread services, and use the right mix of money. Above all, positional strategy must be evidently distinguished from other working strategies, in the way that innovation, manufacturing, and shopping, to achieve and experience competitive advantage. This article further elucidates clever positioning and allure basis and sheds light on by virtue of what to achieve and claim a competitive advantage despite all the advantage.

Author(s) Details:

Adisu Fanta Bate,
University of Pecs, Hungary.

Please see the link here: https://stm.bookpi.org/AOBMER-V4/article/view/12238

Theoretical Perspective for Strategic Human Resource Management and Organisational Effectiveness | Chapter 8 | Recent Trends in Arts and Social Studies Vol. 4

 This paper aims to present and analyse hypotheses that explain the strategic character of people administration in both the private and public sector for organisational influence. Management of people in organisations is a key extent which helps achieve organisational influence. Previous studies identified operational and fiscal factors as guest sources of achieving organisational aims. It is crucial in today’s organisations to consider nation management matters for organisational influence since employee abilities, behaviour and loyalty cannot be surely imitated or substituted. Therefore, there is a need to include theories and frameworks that help determine an understanding of the effective administration of people for competitive advantage. By utilizing a library search and analysing former literature on strategic nation management and organisational effectiveness, this study projected that there is a forceful relationship between society management and corporate procedure, and objectives. The hypothetical framework and critical argument presented in this place paper strengthen the body of knowledge on the friendship between employee administration and corporate goals which result in organisational influence and competitive advantage.

Author(s) Details:

Arvid Muzanenhamo,
Tshwane University of Technology, Pretoria, South Africa.

Edward Rankhumise,
Tshwane University of Technology, Pretoria, South Africa.

Please see the link here: https://stm.bookpi.org/RTASS-V4/article/view/11102

The Contribution of Human Resource Management Roles to Improving Organisational Effectiveness for South African State-Owned Enterprises | Chapter 7 | Research Aspects in Arts and Social Studies Vol. 2

 The method that human resource management helps organisations achieve their objectives has undergone a paradigm shift. Industry experts have embraced the transition from personnel management to strategic human resource management because it supports organisational competitiveness. Human Resource Management changes to fit the changing environment for organisational effectiveness in a dynamic commercial environment. Both private and public sector organisations can benefit from HRM positions. This essay examines how human resource management positions might increase organisational effectiveness. Because of this, HRM specialists are useful and effective in organisations. The study described in the paper was conducted in a state-owned company in South Africa to look at the role of HRM. In a state-owned company, a qualitative research methodology was used to collect data from departmental supervisors and HR practitioners through interviews. For the study, data from 24 subjects were purposefully chosen. The study's conclusions demonstrated how HRM positions assist an organisation by lowering employee turnover and improving staff growth, wellness, and internal communication. These findings are pertinent to the contemporary business climate since organisations must contend with issues including employee stress, technological change, brain drain, and competition.

Author(s) Details:

Bongani Innocent Dlamini,
Durban University of Technology, Durban, South Africa.

Arvid Muzanenhamo,
Durban University of Technology, Durban, South Africa.

Luther-King Junior Zogli,
Durban University of Technology, Durban, South Africa.

Please see the link here: https://stm.bookpi.org/RAASS-V2/article/view/8307

The Role of Entrepreneurship in Achieving Competitive Advantage in Hospitals during the Corona Pandemic Period (an Analytical Study of Private Hospitals in Lattakia Governorate) | Chapter 2 | Current Aspects in Business, Economics and Finance Vol. 4

 Entrepreneurship plays an important role in various organizations, and in hospitals in particular, and it has been shown that entrepreneurship and creative thinking have a great importance in mitigating the effects of the Corona pandemic crisis. The study also objective: Determining the elements of competitive advantage associated with entrepreneurs in private hospitals during the Corona pandemic. Studying the impact of entrepreneurship on competitive advantage in private hospitals during the Corona pandemic. The descriptive analytical approach was relied on in the study, and it was designed and distributed to administrators in 9 hospitals in Lattakia (Syria). Data was entered and analyzed by SPSS and SMARTPLS programs. The study had the following results: Entrepreneurship and its five components (creativity, risk taking, proactivity, competitive offensive, and independence) directly affect the competitive advantage of hospitals in Lattakia. Depending on the importance-performance map.

Author(s) Details:

Basel Anwar Assad,
Alandalws University, Syria and Tishreen University, Syria and Tartus University, Syria.

Lama Muhammad Abdaljalil Minla,
Tishreen University, Syria.

Rania Mohsen Hassan,
Tartus University, Syria.

Please see the link here: https://stm.bookpi.org/CABEF-V4/article/view/8286

The Offensive Framework of Resource Based View (RBV): Focusing on Relative Superiority | Chapter 02 | New Innovations in Economics, Business and Management Vol. 8

 This study examines one aspect of Resource-Based View that is sometimes disregarded (RBV). Given the notion that resource supremacy influences competition outcomes, firms should be able to sustain a competitive advantage by preventing other rivals from producing value with their resources. The aggressive architecture of RBV defines how to maintain such a dominant position over other market competitors. Several theoretical hypotheses, including micro-foundation of resources, have been proposed regarding this issue. To begin with, firms obstruct rivals' ability to attract and retain personnel. Furthermore, the value of rivals' resources is reduced by firms' inventions. Finally, companies employ their resources to keep competitors from profiting, giving them an edge. The implications for academia and industry are discussed, as well as potential future research directions. Future research should concentrate on how companies might maintain relative dominance in socially acceptable ways.

Author(S) Details

Seung Hoon Jang
Bloomsburg University of Pennsylvania, 337 Sutliff Hall, Zeigler College of Business, East 2nd Street, Bloomsburg, PA, USA.

View Book:- https://stm.bookpi.org/NIEBM-V8/article/view/6733

Strategic Institutionalization from Firms: Focusing on Isomorphic Pressures Enhancing Resources | Chapter 14 |New Innovations in Economics, Business and Management Vol. 7

 The goal of this study is to create a theoretical framework for how businesses exploit isomorphic forces to survive and grow in today's market. In addition to institutional techniques, the authors outline the relationship between isomorphic pressures from firms, the value of company resources, and sustained competitive advantage [1]. Because of the increasing importance of business organisations in modern society, firms can be the source of institutional influences. For this purpose, this study looks at institutional isomorphism as well as relevant theories like the resource-based view, transaction cost theory, and resource dependency theory. Following that, it gives suggestions based on theoretical considerations and inferences. Firms are meant to use coercive, mimetic, and normative isomorphic pressures to strengthen their resources. As a result, they have a better chance of outperforming competitors in today's markets. The study's ramifications are examined at the conclusion. This research broadens the scope of institutionalisation strategies by using a different approach. It also highlights the importance of corporate strategy based on corporal isomorphic forces. Practitioners are said to view their company's ability to conform to other stakeholders as a valuable strategic asset.

Author(S) Details

Seung Hoon Jang
Zeigler College of Business, Bloomsburg University of Pennsylvania, Bloomsburg, USA.

Byung Ku Lee
Department of Management and Leadership, College of Business and Public Management, University of La Verne, La Verne, USA.

Samuel A. Nelson
Center for Entrepreneurship, University of Nebraska-Lincoln, Lincoln, USA.

View Book:- https://stm.bookpi.org/NIEBM-V7/article/view/6399

Studies on Innovating Business Activities Using Triple Bottom Line Concept: The Case of Building Hygene Company Valtex | Chapter 1 | Modern Perspectives in Economics, Business and Management Vol. 4

 Valtex, a Slovene firm that produces hygiene solutions for commercial buildings, has lately met the targeted growth, profit, and cash flow, according to CEO and owner Niko Kumar. However, the company is suddenly threatened with bankruptcy, putting its previous success in jeopardy. Niko Kumar, along with his business partner and sales consultant, is forced to consider the true value of the "building hygiene" company, its appeal in terms of the triple bottom line (profitability, planet, and people), and the value – if any - Valtex truly possesses.generates for the benefit of customers and society (planet and people). Most significantly, with bankruptcy looming, Niko is compelled to look into new areas where Valtex may truly add value to customers and society. The case is appropriate for postgraduate management students, executive education programmes with a short term, executive MBA programmes, and entrepreneurial education. When addressing this scenario with the purpose of assisting Niko Kumar in developing new Valtex commercial operations,An instructor should use a set of strategic concepts such as Porter's [1] five-force analysis and company activity system, Brandenburger and Stuart's [2] concept of value adding activities, Elkington's [3] concept of triple bottom line, and train students in brainstorming and other creative thinking techniques when teaching students about sustainability.

Author (S) Details

MelitaBalas Rant
Faculty of Economics, University of Ljubljana, KardeljevaPloščad 17, 1000 Ljubljana, Slovenia.

View Book :-https://stm.bookpi.org/MPEBM-V4/article/view/2639

Emphasizing the Strategies Hospital Manager Use to Improve Customer Services | Chapter 9 | Insights into Economics and Management Vol. 7

 The aim of this research was to find ways for hospital executives to enhance patient service. Five healthcare administrators who introduce patient service policies in hospitals made up the target population. The expectation-confirmation theory served as the study's conceptual structure. Semistructured interviews, hospital policy and procedure records, and qualitative data from the Consumer Assessment of Healthcare Providers and Systems (HCAHPS) Hospital Compare website were used to generate data using methodological triangulation. Improve interpersonal communication, resolve problems in the hospital community, and include staff training were the three main themes. The results show that investigating employee preparation is related to the expectation-confirmation theory's conceptual structure. When patient assumptions about the quality of medical care and service satisfaction are verified, hospital staff performs satisfactorily. Hospital managers will be able to consistently improve patient satisfaction by reviewing tactics in the daily operations of the hospital staff, with the aim of achieving a level of 75 percent or higher. Multiple attempts were identified by the participants to change hospital operations based on patient preferences for satisfaction and to affirm customer satisfaction for the hospital system. The basis for this analysis was [1] Joo, Park, and Shin (2017)'s expectation confirmation theory. Hospital executives took steps such as recruiting the right staff, using patient input to change, and using HCAHPS qualitative data to develop strategies that would meet customer satisfaction and loyalty needs.

Author (s) Details

Delores J. Leonard
Western Governors University, USA.

View Book :- https://stm.bookpi.org/IEAM-V7/article/view/621