I seem to be talking a lot more with advantages and competitive advantages. It is because of certain reasons. 1. I like to know my abilities when it comes to a certain job and with that I can assess my advantages when I accept that job; 2. I can work on my advantages and make [...]
3 Simple Points in Defining Competitive Advantages
September 8, 2011 By Leave a Comment
A business needs to have an attribute for it to be able to compete head on with its competitors and covet a recognized position in the market. In short, a business must have a competitive advantage. By defining competitive advantages, identifying them through research, customer feedback and observed customer shopping activities and fully understanding them [...]
Determine If Your Advantage Has Paid Off
September 8, 2011 By Leave a Comment
I felt elated when I had seen the fruits of my effort during that time when I managed the small ice-making business. Aside from doing the tasks of planning, assigning, organizing, coordinating and directing the business, I also included bookkeeping and accounting to my responsibilities. I had to check every transaction together with the evidential [...]
How to Exploit Your Competitive Advantages
September 8, 2011 By Leave a Comment
I’ve learned about the term competitive advantage from one of my accounting books. From my reading, I’ve learned that competitive advantage is a useful factor for a business in formulating strategy, particularly when its management decides to seek for a differentiation strategy wherein its products or services are customisable and that their prospects and buyers [...]
Control the Unnecessary Urges and Be Frugal
September 8, 2011 By Leave a Comment
Put Value to Small Things
September 8, 2011 By Leave a Comment
The late great Blessed Mother Theresa taught us the value of small things by having faith in them, no matter how petty they may seem. In business, small things can be about miscellaneous expenses, recreatioal expenses or value-added costs. Those costs incurred that may seem too little, making them immaterial can still be regarded [...]
