Maintain your competitive advantage with My Accounting Now
Michael Porter, an award-winning American economist, is the creator of the term “competitive advantage”, which can be defined as any characteristic that makes a company stand out from the competition, positioning it in a superior rank.
Investing in technology, as well as hiring qualified professionals in all areas, makes profitability even greater, which is one of the results of the competitive advantage. It should be noted that this is not only focused on generating more sales, but also on optimizing business processes. For this, it is very important to have an accounting and financial system that is agile and produces useful and updated information for the strategic management of the company.
Competitive advantages are attributed to a variety of factors. Here are some examples of Competitive Advantage:
- Having access to natural resources not available to competitors, we can also include low-cost structure.
- Hiring highly skilled labor.
- Having a strong brand awareness.
- Access to new or proprietary technology or intellectual property.
- Operating under price leadership.
By hiring My Accounting Now as your strategic ally, you can achieve and maintain your company’s competitive advantage. Our team of highly qualified professionals offer high quality accounting services with fast and reliable customer interaction providing excellent customer service.
Schedule a free consultation with our team by calling (786)228-8689 or sending us an email at info@myaccountingnow.com