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Time Based Competition. The Key Driver of Global Market Performance

Author: Timothy Mwangi Nduru

Publisher: GRIN Verlag

Published: 2019-02-20

Total Pages: 10

ISBN-13: 3668881480

Research Paper (undergraduate) from the year 2019 in the subject Business economics - Business Management, Corporate Governance, Dedan Kimathi University of Technology, course: MSC supply Chain Management, language: English, abstract: Competition is a key driver of global market performance. For many decades’ businesses have been excelling based on the strategy adopted by the management. Notably, the wrong choice of strategy is likely to derail the firm from achieving its potential. This paper discusses one of the main business strategies that has been warmly embraced in the last decade. Time-based competition has been a key driver of competition in the global market since 1990. It has discussed the main basis of time competition which includes; Product Development and Introduction Time, Material Lead Time, Delivery Time and Throughput Time. Notably, all these time bases for competition affects the global market performance of an organization in different ways. Equally, the several measures needed to effect these measures fully have discussed in details. However, in determining the effectiveness of the time-based competition as a strategy, the management has to asses several measures. Such measures include profitability, growth in market share, customer’s satisfaction, increased productivity and sales. Throughout the paper, it is evident that time-based competition is a crucial driver of global market performance as opposed to quality and cost-based competition which are currently considered as enablers in the business environment. Therefore, time-based competition should be fully embraced by light-minded managers that seek to remain relevant in the competitive global market.

Competing Against Time

Author: George Stalk

Publisher: Simon & Schuster

Published: 1990

Total Pages: 312

ISBN-13:

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Argues that the ways leading companies manage time--in production, in new product development, and in sales and distribution--represent the most powerful new sources of competitive advantage ; with detailed examples of companies that have put time-based strategies in place.

Introduction to Business

Author: Lawrence J. Gitman

Publisher:

Published: 2023-05-19

Total Pages: 0

ISBN-13: 9781998109319

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Competitive Drivers for Improving Future Business Performance

Author: Martins, Carlos

Publisher: IGI Global

Published: 2021-03-05

Total Pages: 267

ISBN-13: 1799818454

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The globalized economy, dominated by the diffusion of innovation and social, political, and economic changes, allows people and knowledge to flow without knowing what lies ahead. As new economies emerge and technologies impose significant changes, the internationalization of markets and industries has made defining its delimitation more difficult. Competitive Drivers for Improving Future Business Performance is a conceptualized reference source that discusses the use of digital skills to manage change in volatile contexts and provides fundamental understanding of competitive advantage to guarantee superior performances. To assure this level of performance, a set of choices (drivers) must be created ensuring operational efficiency, innovative products, customer knowledge-base, and focused branding. Featuring research on topics such as consumer experience, strategic leadership, and flexible technologies, this book is ideally designed for managers, executives, entrepreneurs, academicians, consulting professionals, researchers, industry professionals, and students seeking coverage on how to improve competitive performance in an era of uncertainty.

Supply Chain Engineering

Author: A. Ravi Ravindran

Publisher: CRC Press

Published: 2023-08-30

Total Pages: 604

ISBN-13: 1000924017

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This new edition textbook continues down the path that the first edition, winner of the 2013 IISE/Joint Publishers Book-of-the-Year Award, successfully carved out. The textbook targets engineering students and emphasizes the use of operations research models and solution methods important in the design, control, operation, and management of global supply chains. Completely updated, Supply Chain Engineering: Models and Applications, Second Edition stresses quantitative models and methods, highlights global supplier selection and vendor risk management techniques, and discusses the use of multiple criteria decision-making models in supply chain management. The new edition includes chapters on health and humanitarian supply chains, including disaster management and logistics modeling, and on warehousing and distribution. Disruptions to global supply chains due to the COVID-19 pandemic are discussed throughout the book. Industry and government strategies to make the global supply chains resilient are also presented. Thirty four case studies have been included to illustrate various supply chain models and methods. Exercises are included at the end of each chapter, and a solutions manual and PowerPoint slides are available for qualified textbook adoptions. The new edition continues to target upper-level undergraduate and graduate students in engineering, as well as MBA students in operations management, logistics, and supply chain management programs that emphasize quantitative analysis. It is also useful as a reference for technical professionals and researchers in industrial engineering, supply chain management, procurement, logistics and health administration.

Best Practices in Planning and Performance Management

Author: David A. J. Axson

Publisher: John Wiley & Sons

Published: 2007

Total Pages: 296

ISBN-13:

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Bombarded by an avalanche of information, today's managers find that traditional budgeting, forecasting, and reporting techniques are not only obsolete, they're dangerous. They are simply too slow, too detailed, and too disconnected for the information age we live in. So where do managers turn to for help when asked to develop plans, build budgets, report progress, and make decisions in response to today's increasingly competitive, fast-paced, and volatile environment? Part One makes the case for a radical change in the way managers manage performance, explaining why effective performance management is needed in today's fast-paced world and also provides a series of diagnostic tools and measures to help you evaluate the improvement opportunity. Part Two describes the principal best practices for each element of the performance management process�strategic planning, tactical and financial planning, management reporting, and forecasting. A chapter on risk management reflects its emergence as a critical component of any effective performance management process. Finally, Part Three provides insights into the steps required to design a best practice�inspired process that is right for your organisation as well as the critical success factors for implementation.

Performance of Parastatals

Author: Ampong Afoakwah Emmanuel, Rose Kavithe Ngoima, Judy Nyachomba, Marjorie Ongocha Osoro, Evans Mac’osewe

Publisher: Cari Journals USA LLC

Published: 2023-01-06

Total Pages: 133

ISBN-13: 9914746675

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TOPICS IN THE BOOK Going Green to Control Waste in Ghana: A Review of Best Practices Influence of Public Procurement and Asset Disposal Act 2015, on Performance of County Governments in Kenya Determinants of Green Supply Chain Management Practices on Performance of Gas Manufacturing Firms in Kenya Influence of Procurement Best Practices on Performance of NCA Registered Building Projects in Nairobi City County, Kenya Influence of Vendor Base Optimization and Rationalization on Performance of Parastatals in Kenya

Time-based Competition

Author: Caroline Daniels

Publisher:

Published: 1993

Total Pages: 74

ISBN-13: 9780850587364

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Time-based management is a recently-articulated management strategy that focuses on time, in addition to costs and sales, as a key measure of business competitiveness and performance. It calls for the acceleration of nearly every aspect of doing business - from abstract managerial functions like decision making and initiating ideas, to activities such as R&D, production, marketing, delivery and service. This report begins with a broad outline of time-based competition and an overview of the issues associated with it. It then discusses the structural and organizational changes that a company can make to simplify and streamline its operations. It also describes how time and speed can be applied to a variety of essential business operations or processes, including product development, production, distribution, sales and marketing. The report goes on to explain the uses of information technology and new ways of measuring performance for the time-based competitor.

Innovations and Strategies for Logistics and Supply Chain

Author: Douglas Mutua

Publisher: Cari Journals USA LLC

Published: 2023-06-04

Total Pages: 149

ISBN-13: 9914746357

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TOPICS IN THE BOOK Determinants of Effective Procurement Performance among Donor Funded Projects in the Public Sector in Kenya Influence of Procurement Best Practices on the Performance of Food and Beverage Manufacturing Firms in Kenya Influence of Contract Management Practices on Performance of State Corporations in Kenya Influence of Procurement Practices on Performance of State Corporations in Kenya Influence of Supply Base Rationalization on Performance of Manufacturing Firms in Kenya

Competing in World-class Manufacturing

Author: Craig Giffi

Publisher: McGraw-Hill Professional Publishing

Published: 1990

Total Pages: 440

ISBN-13:

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Here's the first book to give you a complete manufacturing strategy. Based on an in-depth study of the strategies and operating practices of dozens of leading manufacturers, this book describes a common framework for world-class manufacturers.