Nj Transit

In: Business and Management

Submitted By carnagee
Words 3327
Pages 14
NJ Transit Paper Many tactics have changed in the twenty-first century we all know that the competitive landscape has almost completely changed. We have amazing leadership examples that have been left behind to help the present day remain successful business empires. This implies that there will always be traditional remnants of competitive advantage. When the economies advertising used to tip the scales and have a greater advantage over competitors in the past. It simply isn’t that way anymore and even the “little man” can afford amazing advertisement campaigns with little expensive out of their revenue. So has for NJ transits predecessors advertising was key for them in order to succeed as well as it was in order for NJ Transit making large advertising budget not nearly has an effective competitive weapons an effective weapon in the past. As the weapons of them game seem to rapidly change and seem to be almost completely unpredictable at times this new competitive advantage makes companies even larger ones adopt new ways of thinking. The new competitive mind set must value flexibility, speed, innovation, integration, and the challenges that evolve from constantly changing conditions (Chapter Notes). A term often used to describe the new realities of competition is hyper competition, a condition that results from the dynamics of strategic moves and countermoves among innovative, global firms: a condition of rapidly escalating competition that is based on price-quality positioning, efforts to create new know-how and achieve first-mover advantage, and battles to protect or to invade established product or geographic markets (Chapter 1).
“In 1979 NJ TRANSIT was created and now is New Jersey's public transportation corporation is massively used every single day for common user as well as non-jersey residents. Its…...

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