The government through its trade and finance departments play a significant role in making sure all SMEs obtain relevant information about the orientations. In addition, commercial banks, investment banks, and other financial institutions help the enterprises through the provision of credit facilities and guidance on feasible investment destinations (Reijonen 2012). The most significant aspect of orientation is developing a comprehensible understanding of how SMEs perceive and put the concept of marketing into practice. The practices of SMEs will determine their distinctive size, industry or even the crop of customers. Enterprises have adopted unique policies and practices that have to ensure their stability or growth. Bad decisions have resulted to decline in the performance of certain SMEs. However, the government plays important role in the process of ensuring all SMEs have equal opportunities to expand if they have attained all legal formalities. Market orientation is a business approach whose focus is to identify and meet the affirmed wants or needs of prospective customers. According to the philosophy of market orientation, all SMEs must create strategies and policies that are in consensus with the changing demands and expectations of consumers within its niche in the market. These enterprises are vital to the process of driving innovation and competition not only in the US but also in the world at large. They are arguably the backbone of major economies of the world, US included. ...Show more
A paper "The Ways Of Competitive Advantage Development" reports that the growing SMEs have extensively adopted the market orientation and brand orientation as compared to stable or declining SMEs. The orientations are vital to the process of realizing various forms of growth goals among SMEs…
This is combined with finding more effective means to enhance the management to ensure that the performance levels increase and the organizational environment is enhanced with the employees. As the HR function can look at management and find ways to increase productivity, the more that employees will respond either positively or negatively, which will change with the outcomes of the company (Lawler, 165).
Some of their achievements consist of becoming the first international and Arab-based company to trade their shares on NASDAQ (National Association of Securities Dealers Automated Quotation) stock exchange (Aramex International, 2013). After the experiences that were gained through trading, Aramex reverted to private ownership in 2002.
Human resource is invaluable because of the simple fact that it cannot be copied or imitated as every organization employs people with different personalities. Strategic HRM calls for human resource managers to justify allocation of scarce resources that must be spread through the three core areas- physical, financial and human.
This paper presents a study on the conception of competitive advantage and its significance for the future success of an organisation. This advantage can be achieved by an organisation through various means and respects of its capabilities and strategies.
This marketing management consideration related to the tills for more automated checkout in what would be known as the Chip and PIN programme bringing banks, building societies and retailers together to combat the ever expansive problem of credit and debit card fraud.
It is clear that many of the people knows Google+ as the only search engine, considering other search engines as service providers on the internet, that is unrelated to search engine services. The ability to build a
being the very best in the industry, some companies find it more appropriate to differentiate their products and services from those of other companies (Pearce & Robinson, 2012).
In an effort to create an edge in competitive advantage, it is advisable to factor in all areas
is intended to help managers compile useful organizational information from raw data that has not been synthesized to documents, personal knowledge, and business models to help identify problems and provide solutions. Some of this information may include: inventories of
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