Ministry of Commerce Department at the provincial level in charge of foreign trade and economic cooperation
Area Key Success Factors Technical a) Research and development capability b) Technical know-how c) Innovation in production process d) Product innovation e) Know-how f) Ability to use the internet to distribute information, process order, distribute goods or provide services g) Protection of intellectual property Production a) Efficient production with low cost b) High utilization rate of fixed assets c) Factories operated in a low cost […]
Perhaps the most important result of your industry analysis will be the identification of the key success factors of your competitors. Key success factors are assets and skills that a company within a particular industry must have to succeed. Key success factors might be: a)Name b)Access to distribution channels. c)Financial resources. d)Loyal consumers. e)Access to […]
To spot industry trends, you constantly need to ask yourself several questions concerning your customers, competitors, and the industry in general, such as: a) What are the important aspects to customers? b) Which needs have not been satisfied? c) What new strategies are my competitors starting to employ? You need to sit down and take a […]
If you are a manufacturer, you need to figure out how your prospective product will be delivered to your customers. To find out this, you should ask yourself three strategic questions: a)What are the current distribution channels and who are controlling them? b)Are there any alternative distribution channels available? c)Are there any new distribution channels […]
When you do a research on the cost structure of an industry, the first thing for you is to identify the stages at which you add value to your product or service. A product-oriented business will have the following stages: a) Procurement b) Processing c) Fabrication d) Assembly e) Distribution f) Marketing. Each step adds […]
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