Firm Growth and Competitive Advantage Essay Example | Topics and Well Written Essays - 2500 words

Firm Growth and Competitive Advantage - Essay Example Firm growth may refer to a company’s rate of increase in a broad form of the economy with the ability to increase revenues that are helpful to the industry for a period of time. One time surge in form of revenues cannot be considered as the growth of a firm as this firm growth has to be demonstrated over long periods of time Whenever the discussion about firm growth is started, attention is drawn to major issues such as the theoretical research besides empirical research on the growth of the said firm. The said research further points out that expected rates of growth are quite independent, according to the Gibrat’s Law, from the size of the firm. Different factors have been proved to determine the dynamics of a firm. Firms should, therefore, play a major role in taking a forward step towards growth. More recent studies have pointed out that for the industrial revolution to be facilitated, then learning more about firm growth should be given the center stage for better results. Firms should, therefore, invest more in these learning activities that have a long-lasting effect on the organization’s well being. Ericson and Pakes’s model further states that just staying in the business also proved to provide the firm with relevant information on what exactly they are capable of during their inactive moments. Given the amount is seen from empirical work, the major point of concern should, therefore, be in dealing with some of the problems that arise from the selection of samples and the subsequent processes of censoring these samples after exiting of the firms.

Sysytems and Operations Essay Example | Topics and Well Written Essays - 3000 words

Sysytems and Operations - Essay Example Sweden’s main focus is to have an increase in the information technology in order to have a stronger digital economy. Everyday life in Sweden is based completely on technology. Starting from waking up in the morning to sleeping at night every single activity by citizens involves technology. Transportation, medical, banking, educational sector all are concerned with having maximum technology so that best quality service can be provided to the citizens of the country. This is being done so that maximum number of people can be facilitated and the services provided would be equal for everyone. In this manner the quality of service being provided has also improved. This shows that the society has moved towards modernization along with innovation and good. The country has been changing and this can been shown in a manner that the three major sectors (individual, business and government) are benefitting from this shift to digital economy. The change can be seen in a example that at the grocery store in Sweden the shop keeper is selling medicine without prescription. All the customer need is their bank card and identity number in order to purchase the medicine. People in Sweden are working on everything through the touch screen from seeking advices of health experts to purchasing products everything is done through touch screens. The list of examples keep growing as Sweden is a digital economy and most of the things are now digital. The government is overwhelmed by the performance of this system as it has been providing services to people in medical sector that people are benefitting from it. This system is also helping them in banking, parking lots, paying bills, education facilities that there has been a boom in these sectors. Due to this the government is now having goals to export the medical system to different countries to gain from this system. By