Definition of Oder Winners - 1369 Words

Order Winners Order Qualifiers Order winners are those competitive characteristics that cause a firm s customers to choose that firm s goods and services over those of its competitors. Order winners can be considered to be competitive advantages for the firm. Order winners usually focus on one rarely more than two) of the following strategic initiatives: price/cost, quality, delivery speed, delivery reliability, product design, flexibility, after-market service, and image. (APICS Dictionary 2008). Order qualifiers are those competitive characteristics that a firm must exhibit to be a viable competitor in the marketplace. (APICS Dictionary 2008) Performance dimensions on which customers expect a minimum level of performance.†¦show more content†¦The emphasis given to these priorities and the state of the organization determine the nature and level of investments deemed necessary to implement the operations strategy. These investments in operational practices are expected to lead to better operational performance, as measured and evaluated internally using indicators like reject rates in the manufacturing process, production schedule fulfillment, and others. Through investments firms create and acquire resources that can isolate them from negative market influences and can serve as a source of competitive advantage for them. These investments can be made in tangible assets (e.g., machinery and capital equipment) and intangible assets (e.g., brand names and the skills of individual employees). A distinction has to be made between investments aimed at creating resources and those aimed at creating capabilities. Few resources on their own are productive. Productive activity requires the cooperation and coordination of teams of resources. An operational capability is the capacity for a team of resources to perform some task or activity. While resources are the source of a firm s capabilities, capabilities are the main source of its competitive advantage. Capabilities are not evaluated in themselves, and they cannot be thought of as absolute values. They have to be evaluated relative toShow MoreRelated An Evolutionary Ethical Theory of Social Risks and Opportunities5257 Words   |  22 Pagesfollowing all the ethical norms associated with the social state parameters simultaneously. Statistical macroethics comprises the descriptive components of the research programme of the empirical ethic of risks. The main purpose of macroethics is the definition and the measurement of metrically scaled ethical targets together with their corresponding figures actually achieved for societies. I. Some Key Ethical Quantities for Societies In Statistical Macroethics existing societies may be characterisedRead MoreGlobalization and It Effects on Cultural Integration: the Case of the Czech Republic.27217 Words   |  109 Pagestwenty-first century gave birth to the idea of making the world a single village, thus, globalization. Globalization is the most talk-about issues in the 21st century. However, there is the difficulty of the world to come up with a single and uniform definition. This is because, so many people doubt if the happenings in the world today are as a result of globalization. Thus, due to these global differences of what this concept actually is about, globalization has grown to involve aspects not only of economyRead MoreSeminar Paper on Strategies to Achieve Market Leadership: the Example of Amazon13422 Words   |  54 PagesInfluenced by rapid technological progress, the terms Electronic Business (EB) and Electronic Commerce (EC) have evolved over time to include all aspects of â€Å"internetworked technologies†.5 A canonical definition is still missing. Today, EC is a part of EB.6 For this paper we will adopt Wirtz’s definition: EB describes the â€Å"preparation as well as the partial, respective total support, processing and maintenance of performance exchange processes via electronic networks†.7 EC focuses on the transaction