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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 740 |
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Wabtec needs to set a long-term goal of improving its research and development so it will help accelerate growth and earning. The improvement in technology will help cut costs and improve efficiency for the company.
Operating Environment
The operating environment comprises factors in the competitive situation that affect an organizations success in acquiring needed resources or in profitably marketing its goods and services...
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Among the most important of these factors are the firm's competitive position, the composition of its customers, its reputation among suppliers and creditors, and its ability to attract capable employees (Pearce, 2005). Another major concern of Wabtec is in the area of competitive position. The long-term goal is to get into a position in the industry where Wabtec can defend itself or influence the competition with measurable results...
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