In today's competitive market, it becomes difficult for firms to enter and be profitable. It has been established that with established barriers to entry a firm might have the possibility to set up a business and become profitable.
Describe 4 barriers to entry and explain how they can help a firm get the competitive edge.© BrainMass Inc. brainmass.com October 24, 2018, 8:54 pm ad1c9bdddf
Firstly, barrier to entry is defined as factors that make it difficult for new firms to enter an industry. Thus, if it is difficult to enter then less people will actually try to establish businesses in this market, thus competition is low. On the flip side, if there are no barriers to entry, anyone can establish a new business, which means that there will be high competition.
a) Economies of scale
The more products are produced, the cheaper the cost per unit becomes. For example, a firm making computer chips might enjoy an economy of scale. The more microprocessors they produce, the cheaper the unit price becomes. In essence, it is very hard to establish a NEW business that has economies of scale because the industry might not have ...
This posting looks at 4 elements: Economies of scale, Capital investment, Access to supply and demand channels and Learning curve and explains how it is related to barriers to entry, and how it can give a firm a competitive advantage.
FINAL BATTLE -Identify and explain three characteristics of a learning organizations.
1. Identify and explain three characteristics of a learning organizations.
2. Explain how an organization's human resources can contribute to the competitive advantage.
3. Explain the link between organizational and individual goals.
4. List three potential barriers organizations encounter in their attempts to implement change and explain why they are barriers.
5. Discuss how an organization can enhance the environment for its employees.
6. Describe how changing demographics in our population are impacting the benefit packages.
7. Describe three challenges an organization will face due to more diversity in the work place.
8. Indentify things that both the employer and the employee can do to reduce or eliminate the effects of the glass ceiling.
9. Describe how an organization can enhance the chances of success for entry-level applicants.
10. Explain the manager's role in preparing employees to accomplish the goals and objectives of an organization.