Business & Management

    In my earlier post, we have discussed in detail the competitive advantage, we have discussed the definition, types, and how to identify the competitive advantage of your business. All business managers know that gaining a competitive advantage is not the only destination. Businesses have to make sure that their competitive advantage should not be replicate and imitate easily. Core Competence The question is not only to define and gain the competitive advantage but how to maintain it for a long time and turn it into a sustainable competitive advantage. Business managers drive the strategies in with accordance the resources and capabilities of the business to gain a competitive advantage. If these strategies continue to be successful for a long period, the competitive advantage can become a sustainable completive advantage. And if they take necessary and regular actions to further strengthen the sustainable competitive advantage, it will become difficult, if not impos...

 Competitive Advantage Remember, when you last visit a grocery store to purchase shampoo, a face wash, or toothpaste. You had chosen a specific one to buy amongst many brands available on the shelf. Why did you choose that particular shampoo, face wash, or toothpaste? The answer is that a particular brand belonged to a company having a competitive advantage over its market rivals. And this competitive advantage made you select that brand. This is a very direct and simple example of the importance of competitive advantage. In this article, we will discuss in details The Definition of Competitive Advantage Examples of Competitive Advantage Types of Competitive Advantage How to identify the Competitive Advantage of your Business Strategies for Competitive Advantage A Case Study of Competitive Advantage Definition of Competitive Advantage The term competitive advantage refers to all the factors that make the customer choose your company's product over your competitor's. This compet...

Production Management All organizations are keenly concern about the profitability and the performance of their business. The production activities are the major factor to determine both. Almost every organization carried out the production activities, and the organizations strive their level best to minimize the cost of operations to achieve the optimum efficiency rate. Good and continuous supervision of all production operations is a must to achieve the organizational goals, and these management and supervision activities are referred to as production management. Let's understand ●         What's the idea Behind Production Management ●         Main Activities in Production management ●         Major Jobs being a Production Manager ●         Impacts of Production Management   What’s the idea behind Production Management Product...

 Personal Finance Advisor Personal Finance is a way to plan, manage and achieve personal financial goals. It encompasses your financial activities such as your income, spendings, savings, and investments. In this article, we will discuss Understanding of Personal Finance                     AND How to plan Personal Finance Understanding of Personal Finance? Let's discuss in detail the most important issues under personal finance. Explore each one by one as a Personal Finance Advisor to have a comprehensive understanding of the subject.  The main areas of your Finance are  1- your earnings or income 2- your expenses or spendings 3- your nest eggs or savings 4- your equity or investments 5- your insurance or financial protection 1- Earnings or Income All kinds of regular or irregular cash inflows you receive from one or different sources to support you and your family's spendings. If you have no income or earnings, there wil...

SWOT ANALYSIS موجودہ معاشی حالات اور خاص طور پر وبائی صورتحال کے بعد ، کاروبار کو اپنی کارکردگی کو بہتر بنانے ، چیلنجوں سے نمٹنے اور اپنے مقاصد کے حصول کے لئے اسٹریٹجک یعنی دور اندیش فیصلے کرنے کی ضرورت ہے۔ یہ طویل المیعاد پالیسی فیصلے تب ہی نتیجہ خیز ثابت ہوسکتے ہیں جب صحیح معلومات اور وسیع تر تحقیق کی روشنی میں کئے جائیں۔ آپ یا تو کوئی کاروبار کرتے ہیں یا پھر کسی کے کاروبار میں ملازمت کرتے ہیں۔ دونوں صورتوں میں آپ روزانہ کاروبار سے منسلک رہتے ہیں۔ کاروبار میں بہت سے آپریشنل فیصلے لیے جاتے ہیں جو کاروباری روٹین کا حصہ ہوتے ہیں۔ جیسے کسی فیکٹری یا بیکری میں روز پروڈکشن کرنا،  بنک میں روز ٹرانزیکشن کرنا ، ٹیلی کام میں نیٹ ورک سے متعلق مسائل کو حل کرنا وغیرہ وغیرہ۔ لیکن کاروبار میں ان وقتی روزمرہ کے فیصلوں کے علاؤہ بڑے فیصلے بھی لینے ہوتے ہیں۔ یہ بڑے فیصلے کاروبار یا کمپنی کے مستقبل سے متعلق ہوتے ہیں۔ مثلاً  اگلے چند سالوں میں آپ کی سیل یا پروڈکشن کتنی ہونی چاہیے؟ آپ کو کس نئی مارکیٹ میں جانا چاہیے؟ آپ کو اپنے مینوفیکچرنگ پلانٹ میں کیا تبدیلی لانی چاہیے؟ آپ کو اپنے اخراجات میں ک...