Monetary policy objectives are classified into final and intermediate. Ultimate goals: (a) Economic growth; b) full-time employment; c) price stability; d) stable balance of payments. Intermediate targets: (a) The money supply; b) interest rate; c) exchange rate. Monetary policy instruments include: a) credit limits; direct regulation of the interest rate; b) changes in the rate […]
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Offensive strategies to maintain a competitive advantage
Competitive advantage in costs, resources, or differentiation is almost always the result of successful offensive strategic actions. Defensive strategies, by contrast, are used to protect and maintain a competitive advantage and rarely to create one. How long it will take to create a competitive advantage through a successful offensive strategy depends on the competitive environment […]