Quantitative Techniques in Business as Expressed from the Analysis of Essay

Quantitative Techniques in Business as Expressed from the Analysis of Samsung and Apple Companies - Essay Example The companies have to ensure that the products are of high quality and meet the needs of their customers. Other factors that determine the loyalty of customers to different brands include involvement of the customer in the product and the switching pof costs between brands. It is thus the duty of the top management in any organization to ensure that they apply their skills and expertise in identifying these factors. Owing to this, it has been found that some businesses are able to perform better than others. Most of the successes attributed to some of the companies are currently related to their application of new technologies and not just the efficiency of their operations. Academics and business people have applied the concept business model in determining and providing a comparison of how business both within the same sector and different sectors operate. These models help to establish what a business does and the activities they engage in to do such things. Consequently, they act as vital tools in the analysis of the financial performance of different companies. A healthy competitive environment between two companies within the same sector is most of the time influenced by the level of aggression and aggressiveness. There is an interesting competition majorly between Smartphone giants like Samsung and Apple. They produce Smartphones in an industry that is characterized by rapid development in technology and short product life (Xun Lin, et al., 2010). The manufacture of mobile phones and operations in developing companies are creating pressure on Smartphone