competitiveness Archives - Entrepreneur Post

Monday, October 2, 2023

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Young Entrepreneur March 21, 2023March 21, 2023 abilities, attract, career opportunities, communication, competitiveness, continuous learning, countries, development, driver, earning potential, Economic growth, economic value, education, employee training, engineering knowledge, experience, hard skills, human capital, individuals, innovation, investing, knowledge, organizations, problem-solving, productive, productivity, retain, skilled workers, skills, soft skills, talent, teamwork, technical expertise, training

Human Capital – Explained + Examples

Human capital refers to the skills, knowledge, and abilities that individuals possess and can use to produce economic value. This

Young Entrepreneur March 3, 2023March 3, 2023 average cost, bulk, businesses, communication breakdowns, competitiveness, competitors, cost advantages, cost per unit, Diseconomies of scale, Economies of scale, economies of scope, efficiency, efficient equipment, equipment, facilities, factory, fixed costs, healthcare provider, improve competitiveness, increase efficiency, industries, large retailer, large volume, level of production, logistical challenges, lower cost, lower prices, management, management inefficiencies, market share, medical equipment, multiple locations, negotiate, operations, optimization, patient, processes, reduce costs, resources, software, suppliers, technology company, unit of production

Economies of Scale – Explained + Examples

Economies of scale refer to the phenomenon where the cost of producing a unit of output decreases as the scale

Young Entrepreneur February 24, 2023February 24, 2023 break-even point, competition, competitiveness, Cost structure, Depreciation, financial health, fixed costs, flexibility, industry, insurance, investment, labor, market, optimization, performance, pricing, product mix, production, profitability, profits, raw materials, rent, resources, risks, salaries, shipping, size, technology, utilities, variable costs

Cost Structure – Explained

Cost structure refers to the combination of fixed and variable expenses that a company incurs in order to produce and

Young Entrepreneur February 16, 2023February 16, 2023 actionable results, areas for improvement, benchmarking, best practices, clear, company, competitive benchmarking, competitiveness, competitors, continuous improvement, costly, customer satisfaction, customer surveys, data, efficiency, employee productivity, financial reports, improve, industry benchmarking, industry peers, industry publications, internal benchmarking, key performance indicators, kpis, learning, long-term process, operations, performance, practices, process, product quality, products, services, sources, strength, time-consuming, weakness

Benchmarking – Explained in simple terms

Benchmarking is a process that involves comparing a company’s performance or practices against those of its competitors or peers in