Financial Management Tools and Competitive Advantage. A Literature Review

1.9.1 Introduction The long-term excerption of a steadfastly seems to be dependant more on the firms agonisticalness. No matter how such(prenominal) physical, tender and intellectual resources, an organization is able to mobilize, its long-term survival allow be in jeopardy if it fails to stay belligerent. The firm beca delectation needs to be able to mend its level of competitive advantage vis-a-vis that of its competitors and also be in a position to improve and sustain it. Normally an organization shew set up a marketing intelligence information to light upon its competition. This literature review will include an examination of the appendage to which monetary tools and technique can be used to play on or complement the traditional marketing intelligence system. It will also examine existing models used to collapse the financial health of a firm and try to determine the close to which these tools could reveal a companys competitiveness. 1.9.2 Definition of T erms This airfield covers the Mining assiduity and in particular, the gold Mining Industry. gibe to Kotler, P. (2003) an industry is a group of firms that offer a convergence or category of products that are close substitutes, for one another.

match to him industries are sort out according to factors like the subject of sellers, the extent to which the product is differentiated, whether adit and exit barriers exist, the cost structure, ground level of vertical integration and at last the extent of globalization. The netic also covers contract-mining firms. Contract Miners are organizations with cultivate d engineering backgrounds and who use heavy ! excavating and conveyance machinery to drill, blast and feign rock, stones, gravel and top soil on behalf of Mining companies. By Mining companies, this breeding refers to firms that have obtained mining lease titles from the judicature and are authorise to mine and process minerals under laws of Ghana. 1.9.3 The... If you hope to get a full essay, order it on our website: OrderCustomPaper.com

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