Unit 5 Discussion Board Responses
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CarlitaGilbertDanielsDBpost.docxCarlita Gilbert Daniels
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UNIT 5 - DISCUSSION BOARD
Fri 6/30/2023 3:16 PM
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Good morning, class. And as the classic Boys to Men song says, " we have come to the end of the road." With that I will begin today's DB on competitive advantage. according to Mokhtar Jabli, businessmen and entrepreneurs are always actively seeking ways to increase revenue and better their organizations. When attempting to develop a long-term clientele relationship and profitable market base, there are some key ways you can attain a "competitive advantage in your industry and target markets (Jabli, 2022)." Here are five components of a competitive strategy. They are: " (1) Deliver exceptional services; (2) go above and beyond for your clients; (3) invest in the right marketing for your business; (4) apply for industry awards; and (5) seek out like-minded partners (Jabli,2022)."
In delivering exceptional service one should make sure that the product or service the company offers "stands out" over the competition and the service or treatment of the consumer is as exceptional and outstanding as the presentation of the company product. Make the consumer feel extra special. Next, make sure the company's consumer expectations are met and given top priority. The company's objective should be to assure that its product or service provides a positive first impression and create a means for customer retention. In an effort to increase the awareness of the company and its new or existing product marketing is an important asset. Its utilization in this area is tantamount to building a successful platform for reaching the target markets that have been preselected by research and development. Also, having adequate knowledge about the competition is a plus in giving a company an advantage on any level. After the company has reached a level of recognition and establishment, it's time to start applying for the various awards that work in conjunction with featuring those highlights and recognizing achievements within the company. Production of even more positive exposure. Finally, partnerships are considered a necessity in some capacities. Conducting an internal audit can help determine what is necessary for a partner company to provide. A partner business may not always have the same business objective objectives as the host company, however aligning with common interests and respect and allowing the host company to lead will assure a better alliance.
The working definition of "Value Transformation Framework" is " a conceptual model to guide systems change by translating research and promising practices into manageable steps health centers can apply to care and outcomes (NACHC,2020)." This concept is commonly used by businesses to eliminate the threat of negative implications occurring and affecting the business itself. This process tends to be more receptive to the employees if they are allowed to participate in the decision-making areas. If the framework is used to identify "potential competitive advantages," by analyzing the most valuable activities of a company and then improving upon them, the implications for the customer and the competition would be to continue to satisfactorily meet the customer's needs while increasing the company's efficiency and delivering a product at the lowest cost imaginable.
References
Value Transformation Framework (2020). National Association of Community Health Centers.
https://www.nachc.org/clinic-matters/value-transformation-framework
Jabli, Mokhtar, Forbes Council Member. (2022). Five Ways to A Competitive Regardless of Your Industry. Forbes Business Council
