Documente Academic
Documente Profesional
Documente Cultură
PREPARED BY
Akash Sarkar
12410078
Md. Aminul Islam 12410089
DATE OF SUBMISSION: 03THJuly, 2015
L E T T E R
O F
T R A N S M I T TAL
Acknowledgement
At first we would like to thanks our God to give us our lives. Then we would like to express our
gratitude to our honorable course teacher Chowdhury Abdullah Al Mamun, Lecturer, School of
Business, University of Information Technology and Science (UITS) for giving us the
opportunity to prepare this report. We also thank our Lab coordinators to give us the internet
facilities and use it for prepare this report. We want to get a special thanks to our friends and
honorable teachers. Without those our report could not be completed. We really feel a better
because we got the chance to make this report. We would like to thanks again to our honorable
course teacher Chowdhury Abdullah Al Mamun for his effective class instruction and assistance
to make this report.
Finally, we remember all the care and love of my friends who made my every existence more
meaningful and worthy.
Executive Summary
The aim of the report is to analyze how our organization obtain sustainable competitive
advantage and as a manager AIRTEL BD, and how to maintain the advantages in order to survive
in the market.
In todays tough economic climate, organizations need to compete smart to stay a step ahead.
This paper looks at savvy ways to gain a competitive advantage while ensuring the best response
to customers needs. Today, this means optimizing the modern workforce. Collaboration is the
order of the day and, with the advent of the internet, there are a myriad of ways to conduct
business. Work must often be organized, not as individual tasks, but as collaborative efforts
within projects. With this added complexity, it becomes critical to efficiently manage the
dispersed workforce and effectively track the time and to achieve competitive advantage. In this
report we conclude the steps we take to achieve competitive advantage for our thread industry.
And each of the steps is necessary to achieve competitive advantage.
INTRODUCTION
In 2010, Warid Telecom sold a majority 70% stake in the company to India's Bharti Airtel Limited for
US$300 million.[3] The Bangladesh Telecommunication Regulatory Commission approved the deal on
Jan 4, 2010.[4] Bharti Airtel Limited took management control of the company and its board, and
rebranded the company's services under its own Airtel brand from December 20, 2010.
On December 21, 2011, Airtel Bangladesh launched "Airtel Circle of Friends", the first ever
Interactive Commercial in Bangladesh, created and executed by Digimarka.
In March, 2013, Warid Telecom sold its rest 30% share to Bharti Airtels Singapore-based concern
Bharti Airtel Holdings Pte Limited.[5]
On September 8, 2013, Airtel Bangladesh received 5 MHz 3G spectrum with 1.25 million US$.
5.
Differentiation
Differentiation is a second strategy that businesses often use to set themselves apart
from competitors. In a differentiation strategy, low cost is only one of many possible
factors that may set aside a business from others. Businesses that differentiate
themselves typically look for one or more marketable attributes that they have that can
set them apart from their competitors. They then find the segment of the market that
finds those attributes important and market to them. The process can also work in the
other direction with businesses conducting research to determine which things
consumers find most important and then developing a niche market for those products
or characteristics.
Defensive Strategies
Another way for a business to gain a competitive advantage is to utilize a defensive
strategy. The advantage gained by this type of strategy is that it allows the business to
further distance itself from its competition by, in some sense, maintaining a competitive
advantage it has gained. Therefore, this strategy is closely related to differentiation and
cost leadership because it is a method used by businesses to keep those advantages in
place once they have been attained. Whereas the other two strategies are more
offensive in nature, this strategy becomes an actual advantage as it becomes
increasingly difficult for so-called competitors to offer any real opposition to the
business.
Alliances
Competitive advantages can also be gained by businesses that seek strategic alliances
with other businesses in related industries or within the same industry. Businesses have
to be careful not to cross the line between alliances and collusion, though. Collusion
occurs when businesses within the same industry work together to artificially control
prices. Strategic alliances, on the other hand, are more along the lines of joint ventures
that businesses use to pool resources and gain themselves exposure at the expense of
other competitors not in the alliance.
Whether we are pitching investors or launching a new product, success is more likely if
we can create and communicate a sustainable competitive advantage.
Being first to market isnt enough, as someone bigger with something better will come
along and leave us in the dust. And it doesnt matter if there isnt a product in the
market thats exactly the same as ours. If another company is solving the same pain
were addressing, for the same customers they are competition.
While creating a sustainable competitive advantage is not easy, the following will help
ensure us get and remain ahead of the field.
1. Establish Brand Loyalty. Customers will often remain with a brand they have loyalty
towards, even though the company does not offer the cheapest or most effective
product. Focus on building strong relationships with our customers and delivering a
great customer experience and service.
2. Patent our Product. There has been a lot of debate recently about the true value of
a patent. While patents are not a cure all, they are an important weapon in an
entrepreneurs competitive advantage arsenal.
3. Continually Innovate. Customers like updates and upgrades. Keeping our product
fresh and compatible with the market place (particularly if software), is essential.
4. Hire Connected Team Members. If our market includes large companies and
government departments, connections to key individuals within these organizations can
dramatically accelerate our ability to meet and secure contracts. Try to have at least one
member on our team who is connected.
5. Use Long Term Contracts and Incentives. This step has to be executed carefully,
as it can backfire. If we can establish a long term contract with our customer, then
clearly they are less likely to switch to a competitor. If we only offer long terms contracts,
however, and our competitors are offering short terms contracts, then we are likely to
lose business.
Ideally we want to incentivize our customers to enter into a long term contract with us,
possibly by providing a slight reduction in cost or a bonus. Equally, customers are more
likely to be willing to enter into a long terms contract if they have just completed a
successful short term contract with us.
As a manager of Airtel Bd company, we can build sustainable competitive advantage by
adopting following measures:
Develop a plan to hit the targets. A bottom-up process is the best way to
generate ideas about how to deliver the programs quantitative and qualitative
goals.
5.
Findings:
In these report we can find that:
3. As a business manager or owner, the biggest threat we face is losing sight of our
most important target our customer. He is the one who can blow up our
business simply by going elsewhere. we may play golf with him, bend over
backward to rush a delivery to him, and even consider him a friend. But we can
lose him to a competitor if you lose sight of our competitive advantage.
4. Competitive advantage is what separates us from the rest of the herd. Its what
keeps our business alive and growing. In short, its the reason we are in
business.
5. A step of achieving competitive advantage thats Airtel Bd applies.
Limitations:
Competition in the workplace can be a good thing for a number of different reasons. By
the same token though, competition can also have some disadvantages. Some
industries are more conducive to competition in the workplace than others.
Nonetheless, a little competition in even the least competitive industries can be positive.
Workplace competition is not always positive. It can create unhealthy rivalries that result
in workers resenting one another, which is especially true if one person or team always
wins the competitions.
Conclusion:
So at the end of our report we can say that, we took steps which will help us to achieve
competitive advantage from our competitor and our eventual goal should be to come up
with a hard list of competitive advantages that we can use to increase profits at our
company. Competitive advantage can be also viewed as any activity that creates
superior value above its rivals. Our company wants the gap between perceived value
and cost of the product to be greater than the competition.