More inputs/outputs More neurons per layer More neural models to choose from Hybrid supervised/unsupervised topologies
a benefit that exists when a firm has a product or service that is seen by its target market as better than that of a competitor
A factor, such as the ability to demonstrate quality, that helps a managed care organization compete successfully with other managed care organizations for business
Occurs when one company can make more profits selling its products or services than its competitors It occurs because a company can charge a premium because their product or service is more valuable, or because they can sell their product for less than their competitors because they are a more efficient producer Rational strategists always seek to establish a long term competitive advantage for their company Many managers associate competitive advantage with the description provided in Michael Porter's Competitive Advantage (1985)
In order to survive or expand, organisations must seek to gain dominance over their competitors in the marketplace This can be achieved by using a variety of strategies to gain control of a market or prevent others from gaining control
This is the benefit for consumers and/or customers which competitors will find it difficult or uneconomic to replicate
providing a product or service in a way that customers value more than the competition's
anything a company does that gives it a better chance of making money than other companies competing with it
A factor, such as the ability to demonstrate quality, that helps a managed care organization compete successfully with other MCOs for business
The competitive advantage is a set of factors that rank the company in a more favourable market position than its competitors It arises from individualising unique opportunities Common goods Common goods are goods that are frequently purchased and to which the consumer allocates a limited amount of resources The cost of these goods is low and the selection times are reduced because their features are well known The need for further information is thus seldom required
The advantage gained by a business that can produce a product better or cheaper than its competitors
A factor, such as the ability to demonstrate quality, that helps organizations to compete successfully with other MCOs for business
A firm's ability to do something better, faster, cheaper, or uniquely when compared with rival firms in the market
Related to products, an advantage over competitor products, achieved through functional benefit or end-user emotional benefit See: Sundberg-Ferar Mission Statement, Attractive, Cost-Effective, Innovative
The strategies, skills, knowledge, resources or competencies that differentiate a business from its competitors