Identify what are the strategic methods cost parity restored
Identify what are the strategic methods cost parity restored?
Expert
When the foundation of a firm’s cost drawback is internal, managers can use any of the following strategic techniques to restore cost parity:
a. Implement the utilization of finest practices throughout the company, particularly for the high-cost activities.
b. Try to eliminate some cost-producing activities altogether by refurbishing the value chain.
c. Reposition high-cost activities to geographic regions where they can be performed more inexpensively.
d. Search out activities that can be outsourced from salespersons or performed by contractors more inexpensively than they can be done internally.
e. Invest in productivity-improving, cost-saving technological enhancements.
f. Innovate around the troublesome cost elements.
g. Make simpler the products design so that it can be assembled or manufactured more economically and quickly.
h. Try to make the internal cost drawback by achieving saves in the other two parts of the value chain system.
What do you understand by the term productivity?
What are the risks of pursuing multiple strategy prospects?
What are the keys to success in getting low-cost leadership?
What are the various steps which can be taken to organize a marketing team?
What is the use of the Internet to distribute Product Information?
What are the divestiture strategies to aim at retrenching a narrower diversification origin?
Explain the single-business organization and the corporate stages of strategy.
How is the procedure of incorporating and identifying best practices works?
Illustrates disadvantages in the strategic of Maturing Industries?
Describe briefly the term Cold calling?
18,76,764
1929884 Asked
3,689
Active Tutors
1457896
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!