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The Coalignment Principle

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The Coalignment Principle
Constance Young
Axia College of University of Phoenix
HTT/220

June 10, 2012

Jeremy Bennett

The Coalignment Principle is the theoretical foundation of the essence of strategy, the concept of competitive advantage. A firm’s adaptation to its environment is essential to survive. It is important because the essence of strategy is a carefully devised plan to achieve and carry out goals. The competitive advantage is a company’s ability to operate in a more efficient or otherwise higher quality manner than its competitors, resulting in its benefits accruing (Investor Words, 2012). All vital to keep ahead of the competition, remain successful, and grow. One measure of success is achieving a greater profitability and generating competitive advantage. Some believe the best measure is cash flow per share; others are in terms of product/service quality, brand recognition, customer and employee loyalty, profitability and cost structure (Nyheim, McFadden, & Connolly, 2005).

Internet technology greatly has impacted the hospitality industry. Software solutions for inventory management substantially improved quality and decreased manual time and cost. Online reservations, done in a matter of minutes via the Internet, cut costs of having a large staff. IT has helped in security management, protecting businesses and clients more than before.

Inventory usually estimates demand distribution parameters using historical data. Situations under which a better choice of estimators can reduce the cost because of statistical estimation are closely scrutinized with software for just this (Wagner & Jacobs, 1989). A business can be more accurate with projected expenditures, increasing revenue and decreasing expense. Comprehensively managed central reservation systems have tools to maximize bookings, generating more income with less financial

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