Maintaining A Competitive Edge
Economic competition requires creation and maintenance of a competitive edge that create unique value for consumers. Business could focus on a lower overheads cost could be shared with the consumer as a low priced product of same quality. Also, a product that contains competitive price, unique product features and right product mix for the customer. Develop a market analysis channel that is ahead of competition which will strengthen the competitive placement of the company.
Limitations and Opportunity Matrix
Small companies need to set comprehensive goals that inculcate cost reduction, commuting practices, capacity optimization, market presence and corporate social responsibility image in a complementary with respect to local development projects and volunteering campaigns. The risk reduction and opportunity optimization measures need to be guided by goals pertaining to innovation or financial leverage coined as sustainable strategies.