Impact of Competitive Advantage on Firms Growth Abstract Purpose: The purpose of this paper is to measure the Impact of Competitive Advantage on Firms Growth and firm’s performance. Methodology: Data were collected from 2 organizations using Questionnaires. The questionnaire consists of eighteen items that includes four items for demographic, four items for measuring training, five items for competitive advantage, three items for organization performance and two items for organization growth. Findings: This paper discusses how competitive advantage plays a role in firm’s growth.
Furthermore, we discuss the role of training in enhancing the firm’s performance. Training is suggested as a strategy for improving organizations performance. Practical Implications: This research may help to define competencies that firm will want to achieve to make a ground in rival world. Management will be more interesting to understand the complex relationship of these factors and how these factors further improved for better firm performance. Introduction The survival and growth of organizations in an increasingly turbulent environment would depend upon how effectively they utilize their resources in an exceedingly hyper market.
It is important to find out that why companies are more successful than others in generating revenue and bringing opportunities for their internal and external people. Every major organization is now improving or embarking its best available resources in order to create competitive advantage over others in business industry. If we accept competiveness as level of welfare and income an organization can sustain and also the rate of return in investment, it can safely be said that more productive and competitive organizations should tend to have high growth potential.
The Essay on Telecommunications Technology Can Provide A Firm With A Competitive Advantage
Describe in detail the ways that telecommunications technology can provide a firm with a competitive advantage. A competitive advantage can be achieved by enhancing the firms ability to deal with customers, suppliers, substitute products and services, and new entrance into its market. A firm may find it difficult to keep informed of all changes taking place within its industry, but with the proper ...
In recent years, articles have shown that how companies achieve greater success through innovative ways and unique ideas which will eventually directed them to greater success. A firm’s ability to create uniqueness is more likely to create impact on many of the critical factors used to determine organizational performance in longer period. The competitiveness in the extent to which it increasingly contributes to organization productivity is the reflection of possible level an organization can achieve.
We see that there are number of ways through which companies outclass their rivals and achieve an edge of competitiveness by implementing programs of cost reduction, process reengineering, unique selling points, so on and so forth. The revolution of many technology based industries like IT, automobile and telecom has created a competitive edge over other competitors in the market place in terms of higher efficiency, improved distribution of data, instant transactions, enhanced customer interaction etc. Literature Review
Competitive advantage: Set of resources or capabilities that allow firms to consistently outperform their rivals. Often the top performing firm retains a competitive advantage over its rivals. Training: Training is given to employees to make them more productive and sharp and to be adaptive with the job. Training makes an employee expert in his or her field and in result organization performance will increase. Firm’s performance: Firm’s performance will be defined as how well the organization attains its target in a given period of time.
The Review on The Relationships Between Reward Systems Being Implement in the Company and Firm Performance
1.0 Introduction Understanding what motivates people is necessary at all levels of management. Deci, E., Koestner, R. & Ryan, R.M. (1999) had said that motivation is generally linked to reward, and it is widely recognized that reward management is central to the regulation of the employment relationship. The reward system varies from organization to organization, and comes in various and ...
Firm’s growth: Firms growth will be defined in terms of its profit and market share. Theoretical Framework Firm’s growth Firm’s performance Training The figure describes the framework used in research work. The frame work suggested that firm’s competitive advantage and training has direct impact on both organizational performance and growth. Competitive advantage is taken and training as independent variable whereas performance and growth taken as dependent variable. Hypothesis 1: Firms with high level of competitive advantage having a higher level of performance.
Hypothesis 2: If training increases, the firm’s performance will also increase. Hypothesis 3: Firms with competitive advantage having higher level of growth than its competitors. Hypothesis 4: Training to mail employees provides more growth and improve firm performance. Methodology Questionnaire Design and Procedure The questionnaire consists of eighteen items that includes four items for demographic, four items for measuring training, five items for competitive advantage, three items for organization performance and two items for organization growth.
Variables have been measured on scale ranging from 1 (strongly agree) to 5 (strongly disagree).
Data has been gathered through Convenience sampling and self-administered questionnaires. Findings and Result: Reliability: Cronbach’s ? test has been applied to determine the reliability of all the items of each variable in the questionnaire. According to the results, Cronbach’s ? of competitive advantage is . 427, training . 743, firm’s growth . 487 and for organization performance is . 535. It shows that the questionnaire designed for this study has a moderate internal consistency.
Correlation analysis: Correlation between training, competitive advantage, firms performance and firms growth have been measured through correlation test. Results show that there is a moderately positive correlation between competitive advantage and training (r= 0. 582) at confidence level of 99%, firms performance is moderately positive correlated with training (r= 0. 586) at confidence level of 99%, firms growth is weakly positive correlated with training (r= 0. 218) at confidence level of 95%, firms performance is weakly positive correlated with completive advantage (r= 0. 81) at confidence level of 99%, firms growth is weakly positive correlated with competitive advantage (r= 0. 232) at confidence level of 95%, firms growth is weakly positive correlated with firms performance (r= 0. 173) at confidence level of 95%. These results will prove our hypothesis 1 and hypotheses 2 because firms competitive advantage is positively related to performance and training also have positive relation with performance do we can say that our both hypothesis are proved. Regression:
The Research paper on High Performance Training For Track And Field
Phillip Lucas Mr. Tar low 120 English The book I have chosen to research is High Performance Training for Track and Field. Every since the age of nine I have been in love with track. My uncle would make bets with the other guys in the neighborhood that their kids couldn't beat me in any all out sprint. And believe it or not I never lost until two years later when I raced my cousin Ernest, he was ...
We have two regression models because we have two independent variables. In first case we take both independent variable with dependent variable organization performance and in the results R shows the regression which is (. 611), R square shows the error with noises which is (. 373), Adjusted R square is error but excluding noises which is (. 360).
In other case where we take the two independent variables and growth as a dependent variable and results are, R shows the regression which is (. 249), R square shows the error with noises which is (. 64), Adjusted R square is error but excluding noises which is (. 045).
This aproves the third hypothesis, which is firms with competitive advantage have high growth than its competitors. Manova: we have two dependent variables so we cannot us anova here that’s why we are using manova here. We have taken both dependent variable and with them we have taken the gender so that we can prove our forth and final hypothesis which is that males training will improve the growth and performance of the organizations.
The results are from the levens test there is a homogeneity in the significance of the both variables which shows that our results are been proved. Limitations: Limitations of this study are small sample size, area and limited time. The sample size is so small we cannot generalize this research on all population. Conclusion: The conclusion of this research is that my all hypothesis are accepted. Some are accepted at moderate level and some are at weak level but all are positively related.
