Influence of Effective Planning of Work Process on Competitive Advantage of Numerical Derivative Industries. A Critical Literature Review
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Date
2022
Authors
Kariuki, Robert
Journal Title
Journal ISSN
Volume Title
Publisher
CARI Journals
Abstract
Purpose: Adaptive capability is defined as a firm’s ability to identify and capitalize on emerging
market opportunities. The overall objective of this study was to examine influence of effective
planning of work process on competitive advantage of numerical derivative industries. A critical
literature review
Methodology: The paper used a desk study review methodology where relevant empirical
literature was reviewed to identify main themes and to extract knowledge gaps.
Findings: The study also concluded that organizational transformation affects competitive
advantage in the numerical machining industries positively. The study showed that new
performance measures enhance sustained profitability and revised compensation and training
strengthens customer loyalty. The study further revealed that continuous improvement determines
brand recognition.
Unique Contribution to Theory, Policy and Practice: The study recommends that management
in firms should engage with emerging markets more closely. This can be done through planning
and determining the cost advantages as well as the operational costs in order to keep itself
competitive. The study recommends that international business participant should have an
understanding of economics, finance, marketing and strategy, a social understanding of culture
and managing across culture. The Numerical Machining industries should plan and launch next
generation line extensions with precision and advice from physicians and patients. The study
recommends that the patent protection should have lapsed and the corporation set up a defined
strategy.
Description
Article
Keywords
Influence, Effective Planning, Work Process, Competitive Advantage, Numerical Derivative Industries
Citation
Kariuki, R. K. (2022). Influence of Effective Planning of Work Process on Competitive Advantage of Numerical Derivative Industries. A Critical Literature Review. International Journal of Modern Statistics, 2(1), 25-35.