Elements of Practice

Competitive factors

Dimensions of Practice

Procedures

Understandings

Engagements

Customer service

Practices associated with demonstrating product knowledge, sustaining customer dialogues, improving after sales service, building customer relationships, developing service quality and implementing service quality strategies

Procedures

Understandings

Engagements

Cost control

Practices associated with controlling costs in order to obtain effective selling prices, not holding onto stock unnecessarily, control of overheads, the regular day to day monitoring of costs

Procedures

Understandings

Engagements

Supplier networks

Practices associated with building rapport with suppliers, and continuous cooperative working relationships, building reciprocity with individuals and their firms in order to provide value to the final customer

Procedures

Understandings

Engagements

Alliances in networks

Activities associated with building relationships with complementary companies and the development of common objectives and mutually beneficial strategic alignments, that are part of a customer focused business model