why is manufacturing becoming more competitive

Answers

Answer 1
When it comes to competitiveness, what differentiates the top global manufacturers from the rest? Learn the capabilities and attributes that help make top performers stand out—even when the bar continues to rise. NO one has to tell manufacturing company executives that it’s getting tougher to differentiate themselves and compete successfully—they feel the pressure every day. Rapid globalization, technological advancements, changing consumer preferences, and evolving government policies are reshaping the manufacturing industry, exponentially accelerating the pace of competition and continually raising the bar on company performance.

Still, some manufacturers consistently and convincingly outperform their peers (see sidebar “Why study high-performing manufacturers?”). How are they doing this? And what can “the rest” learn from “the best” to improve their own performance? This report provides executives with clear direction on what companies need to do to be high-performing manufacturers—now and in the future. For more than 25 years, we’ve been studying manufacturers to identify what sets apart high-performing companies (defined in the section “About the study”) from their competitors. We found that high performers focus carefully on the development of specific but evolving sets of manufacturing capabilities to differentiate themselves and succeed in the marketplace. These capabilities, when coupled together, are difficult for their competitors to replicate, and when executed well, they create long-term competitive advantage by generating greater customer loyalty, higher market share, and superior profitability.

About the study

As part of Deloitte’s ongoing collaboration with the US Council on Competitiveness on the Global Competitiveness in Manufacturing Initiative, we conducted a global study of manufacturing CEOs in 2010, 2013, and 2016. Together, these three studies received a total of over 1,600 CEO responses.

On a broad list of capabilities, we asked CEOs to rate their companies’ current competitiveness in each capability relative to their closest global rivals, as well as rate how important they thought each capability would be to staying competitive in the future. In order to remove the variations in rating among countries (due to culture), industry subsectors, and company revenue sizes, we normalized the data by country, industry, and size, and calculated current and future index scores for each of the capabilities on a 10–100 scale for both current competitiveness and future importance.

We separated the respondents’ companies into “high performers” and “other companies” (all other companies studied). High performers were identified on the basis of four parameters: the company’s actual profitability, its profitability when compared to its peers, whether the company met or exceeded its profitability goals, and the company’s performance on return on assets.

This classification methodology for selecting high performers showed that 30 percent of the high performers were in the top 10 percent of profitability relative to their primary global industry competitors, and four-fifths (81 percent) of the high performers were in the top third. Among the other companies, only 1 percent were in the top 10 percent of profitability, and only 9 percent were in the top third, relative to their primary global industry competitors. In addition, 25 percent of the high performers were in the top 10 percent on return on assets (ROA) relative to their primary global industry competitors; 74 percent of the high performers had ROAs in the top third. Among the other companies, only 1 percent had ROAs in the top 10 percent and only 5 percent had ROAs in the top third relative to their primary global industry competitors.

To dig deeper into the attributes of high-performing manufacturers, Deloitte collaborated with the US Council on Competitiveness to conduct a global survey of over 500 manufacturing C-suite executives in 2016. This report, which draws on the survey’s results, builds on the 2010 and 2013 editions of this survey and further extends the story of manufacturing competitiveness in the 21st century.

Even for high performers, it isn’t easy to continually excel in the dynamic, hypercompetitive global manufacturing industry. However, this study provides an operating framework to help C-suite executives decide “where to play and how to win.” Becoming a high performer requires a keen focus on acquiring needed capabilities, which not only change with time but also vary based on where a company chooses to play: in which markets, with which customers and consumers, in which channels, and in which product categories and services the company wants to compete. To determine how to win, company leaders should consider which capabilities will enable the organization to create unique value and consistently deliver that value to customers in a way that is distinct from competitors’ offerings

Related Questions

A successful employee at Gawker media has to be able to smell a great story, uncover the facts of the story, and professionally weave it all together into a great story. The ability to uncover the facts of a story requires good journalists to set aside their own ______________ component of attitude.

Answers

Answer:

Behaviorial.

Explanation:

The behavioral component of an individual's attitude is defined by the way the individual behaves influenced by their attitudes. In the case of a professional who needs to discover facts of a story in a professional way so that he can publish a great story, his behavioral component of attitude will be neglected by the fact that the actions taken will be in favor of a job that requires the individual has a certain type of behavior, and not because this is a behavioral attitude that he would have if he were in a personal situation of his life.

Between quarter 10 and quarter 11, real GDP grew by what percentage?
a. 5%
b. 6%
c. 3%
d. 4%
e. –5%

Answers

Incomplete question.

However, let's assume the real GDP for quarter 10 was  $45,000and for quarter 11 is $47,250.

Answer:

a. 5%

Explanation:

First, remember that the real GDP refers to the total value of all of the final goods and services produced in an economy during a given period (usually a year) after taking into account inflation.

To find the percentage increase, we subtract

$47250-$45,000 = $2250

Next, we find the percentage of the amount on $45,000

$2250/$45000 * 100 = 5%

When considering marketing's place in the economy, what is the most important role the marketing function plays?
A. Bringing products to market.
B. Creating value for customers.
C. Contributing to shareholder wealth.
D. Employing a workforce.

Answers

Answer:

B. Creating value for customers.

Explanation:

Marketing is all about building values for customers. Its about creating customer relationships which are profit generating.  Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs.  Thus marketing is the bridge which connects the brand with the customers perceived value of the brand.  It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition.  Thus, the most important role that marketing plays in the economy is Creating Value for Customers.

4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would be non-deductible in the computation of the firm’s taxable income. Transaction 2 requires a cash outlay of $13,500, all of which would be a deductible expense. Determine which transaction has the lesser after-tax cost, assuming: a) Firm E’s marginal tax rate is 20 percent. b) Firm E’s marginal tax rate is 40 percent.

Answers

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 40%)

= $8,100

Which is considered to be an economic resource by economists?
A. Rent
B. Money
C. labor

Answers

Answer:

C. labor

Explanation:

there are four economic resources or factors of production. They are :

1. Land are natural resources used to produce goods and services e.g. gold mine

2. Labor is the effort used by people in  the production of goods and services.

3. Capital includes machinery and man made resources used in production e.g. hammer

4. An entrepreneur is a person who combines the other factors of production together

After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and paid qualified higher education expenses for her daughter in the amount of $3,000. How much interest will Donna be required to include in her gross income this year

Answers

Answer:

$1,000

Explanation:

Donna purchased series of savings bond for $2,500 at the age of 25

This year Donna redeemed the bond of $5,000

She paid $3,000 as expenses for her daughter education

The first step is the calculate the interest income

= $3,000/$5,000 × $2,500

= 0.6 × $2500

= $1,500

Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows

= $2,500-$1,500

= $1,000

Hence Donna is required to include an interest of $1,000 in her gross income this year

Choose the cultures that display the Latin American enthusiasm for dance. Brazil Mexico Scotland Wales

Answers

Answer:

Mexico and Brazil

Explanation:

They are both countries known for Latin America

Which of the following brand names lacks an inherent meaning?a. Coca-Colab. Nike

c. Trump Towersd. Geek Squad

Answers

The answer is c Trump Tower. Because it is not considered a brand while Coca-Cola, Nike, and Geek Squad all are brands from companies. While Trump Tower is a building.

Hope this helps ! <3

At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $46 million. At the time of purchase, the carrying value of Sky Tech's net assets was $62 million. The fair value of Sky Tech's depreciable assets was $10 million in excess of their book value. For this year, Sky Tech reported a net income of $62 million and declared and paid $10 million in dividends. The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is:

Answers

Answer:

The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is $2,500,000

Explanation:

The total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is:

= $10,000,000 * 25%

= $10,000,000 * 0.25

= $2,500,000

Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines to show targeted ads on her site. Which of these products are likely to be advertised on her website? Please select all answers that apply. Select all that apply.

Answers

Answer:

Gardening gloves

Terracotta planters

Garden scissors

Watering cans

Explanation:

In the context, Helga owns and runs a online business. She has a website where she sells online houseplants. There are various houseplants available on her site from where people can buy it and get it delivered to their house.

She also makes earnings by the advertisement of various gardening products whose add runs on her sire and she earns through a pay per click basis. Some of the products that are likely to be advertised in her website are gardening gloves, garden scissors, terracotta planters, watering cans, manures and fertilizers,etc.

________ is what is left after a firm pays its variable costs and fixed costs

Answers

Profit is what is left after a firm plays its variable costs and fixed costs.

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

Answers

Answer:

Explanation:

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

Which of the following activities also contributes to your financial success? Check all that apply. Self-awareness and knowledge of your own values, as well as attitudes and behaviors regarding money, spending, and saving. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances. Knowledge of what other average people believe and how they behave, because they affect the same financial markets and economic conditions that affect you.

Answers

Answer:

The correct answers are the first, second and third options. All of them but the last one.

Explanation:

To begin with, when it comes to terms of financial success regarding someone personal matters, the majority of activities that can strength up those financial thoughts are the ones that improve yourself as a financial thinker, like the self-awareness and knowledge of the person's own values when it comes to money and its spending and saving because that will make the person see the importance of keeping it sometimes to spending it other times for better thing that can give him better future opportunities. Moreover, the development of an effective plan that shows to him how he must spend those saving and how he must control himself from the waste of money will also help as well as the fact that he knows and understand the conditions and circumstances that affect the local, national and international economy that will eventualy end up affecting the person's financial life.

The activities that contribute to financial success include the following:

A. Self-awareness and knowledge of your own values, as well as attitudes and behaviors regarding money, spending, and saving.

B. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments.

C. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances.

What is financial success?

Financial success involves making consistent financial efforts to achieve a better financial position.

Thus, to achieve financial success, one must not know the belief and behavior of other average people but must become self-aware, know the economic environments, and develop an effective plan.

Learn more about achieving financial success here: https://brainly.com/question/11409445

At the beginning of the call, the team members ask how one another is doing and mention the weather. What piece of advice for virtual meetings does
this best match?

Answers

Answer:

At the beginning of the virtual meeting it is okay to start with small talks such as the weather.

Explanation:

No option was given here so I think the answer is to make room for small talk. Opening up straight with the meetings agenda is not a very good way to start. By using small talks, each member of the meeting would be more open and flow better with the meetings agenda. Before the meeting starts a few minutes of small talk such as these would get everyone warmed up. And members would feel more comfortable.

The piece of advice for virtual meetings does this best match should be like small talks like how was the weather there.

Virtual meeting:

The meeting that should be conducted online is known as the virtual meeting. By starting with the main thing of meeting should not give the good impact.

So its better to start with the small talks so that everyone in the meeting should be feel comfortable first and according to the conversation, the agenda of the meeting should be come with.

learn more about meeting here: https://brainly.com/question/24174650

A stock that sold for ​$ per share at the beginning of the year was selling for ​$ at the end of the year. If the stock paid a dividend of ​$ per​ share, what is the simple interest rate on the investment in this​ stock? Consider the interest to be the increase in value plus the dividend.

Answers

Answer:

137.77%

Explanation:

obviously the numbers are missing, so I looked for a similar question:

"A stock that sold for ​$26 per share at the beginning of the year was selling for ​$52 at the end of the year. If the stock paid a dividend of ​$9.82 per​ share, what is the simple interest rate on the investment in this​ stock? Consider the interest to be the increase in value plus the dividend."

total interest received (your gain) = (year end market value - purchase price) + dividends received = ($52 - $26) + $9.82 = $35.82initial investment (purchase price) = $26

simple interest rate of return on investment = total interest received / initial investment = $35.82 / $26 = 1.3777 or 137.77%

Item 12Item 12 During October, a firm had the following transactions involving revenue and expenses. Paid $1,275 for rent for October Provided services for $2,900 in cash Paid $280 for the October telephone service Provided services for $2,050 on credit Paid salaries of $1,750 to employees Paid $380 for the monthly office cleaning service Calculate the net income or net loss for the period?

Answers

Answer:

$1,265

Explanation:

Net income is the excess of revenue over expenses while Net loss is the excess of expenses over revenue.

We can calculate the net income/net loss for the firm as seen below.

Revenue $

Service. 2,900

Service 2,050

Less : Expenses

Rent $1,275

Telephone $280

Salaries. $1,750

Cleaning $380. (3,685)

Net income. 1,265

Which type of factor of production is a road?

Answers

erm it's the goods one so it's secondary

A company’s assets consist of $254,478 of cash, $579,445 of accounts receivable, $487,009 of inventory, and $2,478,554 of plant and equipment. Its liabilities consist of $332,887 of accounts payable, $139,877 of accruals, and $1,275,000 of long-term debt. The company’s annual sales are $4,765,889, it paid $165,750 of interest, its earnings before taxes are $453,816, and its net income is $272,289. In its industry, the average profit margin is 6.83%, the average total asset turnover is 1.25, and the average equity multiplier is 1.85. Using DuPont analysis, determine if the company’s return on equity is above or below the industry average and what factor causes the difference?

Answers

Answer:

The company's Return on Equity is 18.49% therefore is above the industry average of 15.79%

Explanation:

DU PONT ANALYSIS    

ROE = PROFIT MARGIN X ASSET TURNOVER X EQUITY MULTIPLIER

Industry average ROE

0.0683 x 1.25 x 1.85 = 0,15794375 = 15.79%

Company Dupont:

Profit margin:

income  272,289

sales   4,765,889

profit margin: 0,05713288

Assets Turnover:

Sales 4,765,889

Total assets:

Cash  254,478

A/R          487,009

PEE      2,478,554

total       3,220,041

Turnover: 1.48

Equity Multiplier:

Assets 3,220,041

Liabilities:

A/P            332,887

Accrued             139,877

long-term 1,275,000

total          1,747,764

Equity: 3,220,041 - 1,747,764 = 1,472,277

Equity multiplier: 3,220,041 / 1,472,277 =  2.187116  

Company's Dupont Calculation:

ROE = PROFIT MARGIN X ASSET TURNOVER X EQUITY MULTIPLIER

0,05713288   x     1.48    x  2.187116   = 0,184935229 = 18.49%

The three (3) key components in creating a financial plan are: Select one: a. The sales forecast, proforma financial statement and external financing plan b. Strategic plan, corporate purpose and corporate scope c. Cash, short term investments and accounts receivable d. Free cash flow, Economic Value Added, sales forecast e. None of the above

Answers

Answer:

The correct answer is the option D: Free cash flow, economic value added, sales forecast.

Explanation:

To begin with, in the field of business, a financial plan consists of an strategy that the managers of the company must follow in order to have every money aspects established and on guard of what can happen straight ahead regarding the conditions and circumstances of the organization's environment and context as well. Therefore that a financial plan's major three components are the cash flow statement where the managers must see how the money is flowing in and out, also the sales forecast that will encourage the company itself to try to achieve that expectations and the economic value added could also be very important when it comes to matters of money and how the business will value their products for sale according to the costs structure that the enterprise has.  

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $15,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (

Answers

Answer:

Difference= $1,707.72

Explanation:

Giving the following information:

First City Bank pays 6 percent simple interest on its savings account balances

Second City Bank pays 6 percent interest compounded annually.

Investment= $15,000

n= 8

To calculate the future value of investing in First City, we need to use the following formula:

FV= PV*(1+i*n)

FV= 15,000*(1+0.06*8)

FV= $22,200

To calculate the future value of investing in Second City, we need to use the following formula:

FV= PV*(1+i)^n

FV= 15,000*(1.06^8)

FV= $23,907.72

The difference between banks:

Difference= 23,907.72 - 22,200= $1,707.72

Which of the following is NOT an example of an incentive?
a. stock options
b. commissions
c. profit-sharing plans
d. bonuses
e. education reimbursements

Answers

Answer:

e. education reimbursements

Explanation:

Incentives can be defined as a financial motivation, rewards or compensations which are given to either employees working in an organization or a group of people in order to motivate them to do more or take certain steps (actions) and give their best. Some examples of an incentive are profit-sharing plans, signing bonus, stock options, bonuses, commissions, raises etc.

However, education reimbursements is not an example of an incentive.

The other items are examples of an incentive scheme with the exemption of e. education reimbursements.

Education reimbursements are compensations paid to employees who are not earning the normal emoluments like salaries and wages.

Incentives encourage increased performance.  Examples of incentive include stock options, profit-sharing plans, bonuses, and commissions.

Thus, the item that is NOT an example of an incentive is e. education reimbursements.

Learn more about incentives here: https://brainly.com/question/964887

Aldricus is a shutterbug. He takes his camera everywhere he goes. He has hung hundreds of pictures on his walls. For Aldricus, photography is a _____.

hobby
career
bore
job

Answers

Hobby







I think let me know if I’m right OwO

Answer:

hobby

Explanation:

just took the test

The principal differences between capital markets and money markets are that:__________.
A. money and capital markets deal in the same securities, the only difference is term.
B. capital markets deal in long-term debt and equity securities, while money markets deal only in short-term debt.
C. money markets deal only in short-term government debt.
D. both markets deal in short-term debt securities; however, capital markets deal also in equity securities which have an indefinite term.

Answers

Answer:

B. capital markets deal in long-term debt and equity securities, while money markets deal only in short-term debt.

Explanation:

Most Company uses money market to raise short term funds and capital markets for long term funds. Money market is a market for short term borrowings. Usually the securities are held for less than or up to a year. And capital market on the contrary is where securities are held for a long term i.e more than a year. Money market is concerned with liquid fund requirement and capital market is for long term capital fund requirement.

Shares Remaining After Recapitalization Dye Trucking raised $290 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $8.5. If Dye had 75 million shares of stock before the recap, how many shares does it have after the recap? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answer to two decimal places. million shares

Answers

Answer: 40.8824 million

Explanation:

From the question, we are informed that Dye Trucking raised $290 million in new debt and used this to buy back stock and that after the recap, Dye's stock price is $8.5.

If Dye had 75 million shares of stock before the recap, the number of shares that it'll have after the recap goes thus:

The number of shares repurchased is:

= $290million/$8.5

= 34,117,647

= 34.1176 million

Shares after the recap will now be:

= 75 million - 34.1176 million

= 40.8824 million

At the end of this clip, Neville has defined the degree to which the information he shared has ________ when he says that he is not ready for everyone else to know the information.

Answers

Answer: Boundary permeability

Explanation:

Boundary Permeability is a term in psychology ( as well as other fields such as business and technology) that is meant to describe the amount and limits of information that a person is willing to share with others.

By saying that he is not ready for everyone else to know the information he told the people, he is stating the amount of information he is willing to share with others which means the information has boundary permeability.

Several years ago,Doran Corp.issued 100,000 of its $2 par value stock for a total of $800,000.This is the only time that it has sold stock.This year it purchased 1,000 shares of its own stock for $10 a share.As a result of acquiring treasury stock:
A) its stockholders' equity decreases by $10,000.
B) it will recognize a loss of $2,000.
C) its common stock account decreases by $10,000.
D) its retained earnings decrease by $10,00

Answers

Answer:A) its stockholders' equity decreases by $10,000.

Explanation:

Account                     Debit                     Credit

Treasury stock         $10,000

Cash                                                 $10,000

Calculation:

Stock = Shares x Price per share =1000 x $10 = $10,000

Therefore, the stockholders equity will decrease  by $10000.

Hence the correct option is A.

which of the following statement is correct? a. Process group is the same as project phases, b. each process group has a mapped project phase, c. process group are not project phases, d. the monitoring and control process group applies only in the monitoring and control phase

Answers

Answer:

The answer is C

Project groups are NOT project phases.

If the required reserve ratio is 10 percent, what is the simple deposit multiplier? a. 20 b. 100 c. 5 d. 10

Answers

Answer:

D.) 10

Explanation:

Given the question:

Required reserve ratio equals 10 percent, Calculate the simple deposit multiplier?

Given that :

Reserve ratio (RR) = 10% = 0.1

The simple deposit multiplier is the reciprocal of the required reserve ; mathematically expressed as :

Simple deposit multiplier = 1 / RR

Simple deposit multiplier = 1 / 0.1

Hence simple deposit multiplier = 10

Which of the following are microeconomic problems? (You may select more than one answer.)(a) Work/leisure choice.(b) Marketing strategy.(c) Recession.(d) Inflation.(e) Federal budget deficit.

Answers

Answer:

(a) Work/leisure choice

(b) Marketing strategy

Explanation:

Microeconomic issues relate to those that are within the scope and power of individuals, households and firms which means that problems here will relate to decisions that these participants make in relation to resource allocation.

Choices relating to leisure or work have to do with the individual and the resources they would need or derive from either work or leisure and so are a microeconomic problem.

The marketing strategy that a firm should pursue is related to an individual firm and so is a microeconomic problem as well.

Suitable options to solve the financial problem of a restaurant owner

Answers

Answer:SBA Loans for Restaurants. ...

Restaurant Equipment Financing. ...

(Unsecured or Secured) Business Lines of Credit. ...

Unsecured Restaurant Business Loans. ...

Restaurant Cash Advances.

Explanation:

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