Examples of business capability in the following topics:
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- A business capability is what a company needs to be able to do to execute its business strategy.
- Much of the reengineering revolution, or business process reengineering, focused on how to redesign business processes.
- At the intersection of the organizational and the technical are business capabilities.
- Firms should assess the capabilities necessary to operate the business by examining the financial impact as well as the customer impact (see ).
- They may not be visible to the customer, but contribute to company's business focus and have a big impact on the bottom line.
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- Managers can use various methods of analysis to understand the firm's own capabilities, customers, and business environment.
- Managers use it to analyze the internal and external environment of an organization and the firm's own capabilities, customers, and business environment.
- Analysis of the company allows for evaluation of the company's objectives, strategies, and capabilities which indicate the strength of the business model, if there are areas needing improvement, and how an organization will fit with the external environment.
- The main purpose of the competitor analysis is for businesses to analyze both the current and potential nature and capabilities of a competitor to be prepared to compete against them.
- Businesses must be able to identify whether the collaborator has the capabilities needed to help run the business as well as an analysis on the level of commitment needed for a collaborator-business relationship.
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- The constant evolution of technology offers both considerable opportunity and risk to businesses across all industries.
- Technology is always changing, offering new opportunities and risks for business every single day.
- Technology changes the expectations of consumers and as a result businesses must keep up to remain relevant.
- Identifying opportunities before they become competitive risks is a key to survival in the modern business world.
- Recognize the critical business impacts of keeping pace with the current technological environment
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- Business markets have a derived demand.
- Also known as industrial marketing, business marketing is also called business-to-business marketing, or B2B marketing, for short.
- Business-to-business (B2B) markets differ from business-to-consumer (B2C) markets in many ways.
- Business products can be very complex.
- Having different people involved makes business marketing much more complicated, and because of the quantities each business customer is capable of buying, the stakes are high.
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- Some countries have not achieved the desired benefits from outsourcing, because they have not realized the expected cost reductions anticipated from outsourcing their business processes to a third party.
- The lack of capable suppliers and service providers is a major problem.
- Therefore, when choosing a supplier or a partner in the networked organization, having similar goals, missions, and similar ways of performing the business processes are vital for the success of the relationship.
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- In the emerging global economy, e-business has become an increasingly necessary component of business strategy.
- The term electronic business (commonly referred to as E-business or e-business) is sometimes used interchangeably with e-commerce.
- While e-business refers to a strategic focus with an emphasis on the functions that occur using electronic capabilities, e-commerce is a subset of an overall e-business strategy.
- E-business involves business processes that span the entire value chain: electronic purchasing and supply-chain management, electronic order processing, customer service, and business partner collaboration.
- E-business software allows the integration of intrafirm and interfirm business processes.
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- Despite the availability of high-powered computers and sophisticated software capable of analyzing massive amounts of data, marketing is still more of an art rather than a science.
- Each business must customize its marketing efforts in response to its environment and the exchange process.
- This is not to imply, however, that there are not general marketing principles that work in most businesses—there are.
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- Business-level considerations begin with the assessment of the stakeholders involved in the business.
- The situation analysis concerns a thorough examination of the factors that influence the businesses' ability to successfully market a product or service.
- It not only includes the normal assessment of external environmental factors and resources/capabilities, it also includes a determination of the level of commitment exhibited by the business, as well as possible methods of entry.
- In turn, level of commitment and method of entry are influenced by the evaluation of environmental factors as well as resources and capabilities.
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- use the characteristics of the business situation to choose the right type of relationship
- understand the relationship between types of external relationship and business strategies
- Instead, they recognize that a better strategy is one in which they focus on core competencies, or the things they do best, and establish relationships with other companies to perform those functions where they do not have outstanding capabilities.
- The global business environment requires managers to integrate outside sources and business partners to increase efficiency.
- Technology has been proven to be a key factor in improving good relationships, while also providing capabilities to evaluate and eliminate poor relationships (Scannell and Sullivan, 2000).
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- A licensing arrangement contains risk, in that if the business is very successful, profit potentials are limited by the licensing agreement.
- Alternatively, a licensor makes a long-term commitment to a firm and that firm may be less capable than expected.