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Competitive Advantage in Tough Times

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michel van wijk
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.

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  Colin Holmes
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 with people in the organisation. They contribute more to the value adding process than anything else.

 

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

Competitive Advantage



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