Answer to Question #204668 in Management for Amelia

Question

The new South African reality in terms of legislation requires a new approach towards training and development in a workplace. Describe how you would create an environment in which project teams acquire skills and knowledge and contribute to the strategic and competitive advantage of the company. 

Answer 1

Price Leadership

This method entails developing guidelines that ensure the company is the lowest cost provider through cost management, allowing the firm to fully benefit from economies of scale.

Differentiation of Products

Workers would also be educated on the necessity of distinguishing the company's commodities from those of competitors. This would also ensure that the company's products and services are of high quality throughout the production process

Consumer Focusing

By ensuring that the organization has a small targeted market, this strategy ensures that all of the customer's demands and desires are properly met.

Employee Appreciation

The organization should praise and encourage hard work by rewarding personnel who have done a great job and encourage other employees to be much more efficient.