Global competition has forced many companies to seek innovation from the organizational, product, service, strategic and marketing perspectives and all other feasible means in an attempt to outrun rivals and achieve sustainable advantage. Among them, the fastest and most effective method should be the innovative development of new products and services. The higher the level of innovation, the greater the propensity for outpacing rivals and the longer this will last. Yet when faced with ever fiercer industry competition, R&D remains the critical key for a company to achieve sustainable...

Largely relying on individual experience, most construction project managers do not have a set of comprehensive rules for management processes or even a management system. They rely at times on individual experience for such things as scheduling. But there is no set of comprehensive methods that combines the essence of project management. This type of construction project management could perhaps satisfy the needs of regional competition in the past, but cannot respond to the present demands of global competition. Now major construction projects often involve bidding invitations to...

Fierce global competition has forced enterprises to strive for excellence in order to enhance their competitive advantages, increase profitability and therefore achieve sustainable development; they must even develop strategies addressing hyper-competition to lead the market and to ensure the enterprise's continual growth and profitability. Simply put, corporate administration is a management process from vision formulation, strategy formulation, administration planning, and administration to upgrade of corporate administration. Nowadays, where global competition is becoming fiercer, if there...

Event Management refers to the process of event planning, set up, execution and assessment. It encompasses the analysis, assessment, definition, distribution and control of time, budget, staff, product and service. Typical events can be categorized into the following: (1) business and corporate events: any events that will benefit for the attainment of business goals, e.g. training, communication, promotion, client relationship building, etc.; (2) fundraising events: any events meant to seek support, increase income and improve relations; (3) exhibitions and fairs: any events that gather...

Since the last decade, project management has become an important weapon for all organizations to compete in the world arena and both enterprises and governments have been promoting project management as their top priority. The key driver of this trend is the change in competitive landscape that forces modern enterprises to shift their focus from local competition to global competition. Since then, enterprises no longer produce homogenous products, but focus instead on product and service innovation to fight for their market share and leapfrog the competition, and each innovative attempt...