1. Every year, every company employs the same competitive approach.
With the introduction of
contemporary tactics to our economy, the business market is continually evolving. These businesses go through major changes because of the large diversity of imported commodities and how their performance affects economic variables. The marketing and operations have a significant influence on competitiveness. Because marketing and operations entail strategies, which are plans that specify how the business will accomplish its objectives, they have an impact on the organization's competitiveness. Operating strategies are particularly significant in this situation. Competitiveness is directly impacted by productivity, which is related to the efficient use of resources. Organizational strategy is crucial because it directs the organization by directing and modifying the goals and strategies of functional units. In addition, a company's success or failure is largely determined by its strategy. 2. According to the handout I read, "Productivity" is one of the factors that affects a country's ability to compete internationally. Productivity has an impact on an organization's competitiveness because, thanks to modern technology and improved educational standards, a nation can enjoy higher worker productivity and create items at a cheaper cost or price. In my perspective, one of the key sources of profitability is productivity. not about toiling longer for meager rewards. To earn more money, one must work more effectively. Worker productivity can be increased in a variety of ways, such as by providing them with more tools and machinery, by requiring them to pursue additional education or training, or by gaining on-the-job experience, or by using cutting-edge technologies. The secret to raising living standards and competitiveness at the same time is higher labor productivity. 3. Because the goal of quality management procedures is to increase product quality, which is defined as the capacity to satisfy consumer expectations and be devoid of flaws, methods in Asian countries have gotten better through time. To foster greater employee engagement and to encourage participation as a means of gaining insight for continuously improving the processes and products, Asian businesses started using Quality Control Circles in the 1980s. Implementing the Quality Control Circles had an influence on the company since its major goal is to enhance employee quality of life at work, which leads to successful management. It also improves quality, productivity, and overall performance of the organization. As the year 1990 began, companies were able to adapt and implement the principle of the Total Quality Management. During the year 2000s, Asian countries decided to adopt the international standards. It provides a framework that an organization can follow, rather than establishing environmental performance requirements.