STRATEGIC MANAGEMENT TYPES OF KEY SUCCESS FACTORS TECHNOLOGY-RELATED KFS\'s Scei
ID: 427410 • Letter: S
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STRATEGIC MANAGEMENT TYPES OF KEY SUCCESS FACTORS TECHNOLOGY-RELATED KFS's Sceintific research expertise (important in such fileds as pharmaceuticals, medicine, space exploration, and other "high-tech" industries Production process innovation capability Production innovation capability Expertise in a given technology MANUFACTURING-RELATED KFS's > Low-cost production efficiency (achieve scale economies, capture experience curve effects) Quality of manufacture (fewer defects, less need for repairs) High utilization of fixed assets (important in capital intensive high fixed-cost industries) Access to adequate supplies of skilled labor >Low cost plant locations High labor productivity (important for items with high labor content) Low-cost product design and engineering (reduces manufacturing costs) Flexibility to manufacture a range of models and sizes/take care of custom orders "DISTRIBUTION-RELATED KFS's >A strong network of wholesale distributors/dealers >Gaining ample space on retailer shelves Having company-owned retail outlets Low distribution costs Fast delivery MARKETING-RELATED KFS's A strong network of wholesale distributors dealers Available, dependable service and technical assistance Accurate filling of buyer orders (few back orders or mistakes Breadth of product line and production selection Merchandising skills Attractive styling/packaging Customer guarantees and warranties (important in mail-order retailing, big ticket purchases, new product introductions)Explanation / Answer
For trucking industry , key success factors will be technological, manufacturing, distribution, marketing, organizational capabilities, favorable image and overall low cost .
In trucking industry, a customer might seek such vechicles which has low cost as well as better service. Now a days , many modern technological development can be utilized to track the vechicle location etc. Point of sale and better response in terms of product delivery, road side assistance etc. will be give advantage to the truck sellers.
If , a good brand image will be existing then customers can be easily attracted for new product offerings.
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