Globus Report
Strategy to ‘Out-Compete’ Closest Competitors
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| Strategy to ‘Out-Compete’ Closest Competitors Further strategies would be needed to keep Global Vision at the top of the industry for Action-Capture Cameras and UAV drones. In order to do this, the company would need to continue marketing at a high level and to compare marketing budget efforts with others in the industry. The company continued to keep a high p/q rating and it would be important to keep that up throughout the next years of decision-making. Improving our product to offer the most Downloaded by Cool Rock (coolrock7540@gmail.com) lOMoARcPSD|7947395 features and Marketing factors into a big part of our competitive advantage. Offering abetter product with more features and at a price that remains fair comparing to our greatest competitive. The marketing aspect of our vision and efforts is important as it lets consumers know of our furthering development and product improvements keeping a good budget continues to give us an advantage in the industry This would allow Global Vision to remain a highly advertised company while also keeping a high image rating. Not only does marketing help maintain our image rating but our corporate responsibility is also a big factor Global Vision has won multiple Corporate Social Responsibility rewards. Ensuring good practices in the industry and putting forth Green Initiatives along with charitable contributions allows fora better workplace and environment within the company as well as outside the industry. Continuing these efforts along with better compensation efforts for production and further workstation expansions helps produce a quality product and increase our image ratings. It would be increasingly important for Global Vision to improve its own faults and increase its falling return on equity which has only slightly improved the last years. By doing so it will increase our net revenues or hopefully bring in more money after potential stock repurchases. These efforts would contribute to a higher return on equity that our competitors have done abetter job at. Downloaded by Cool Rock (coolrock7540@gmail.com) lOMoARcPSD|7947395 |