5 advices to increase competitivity in your business

The competitiveness in a company consists in the capacity that it has to achieve its welfare based on the production it has. For this, it depends on raw materials, human resources and capital in order to ensure the quality of its products.

A company is more competitive than another if it produces more at lower cost, without neglecting total production, efficiency and quality. However, innovation and uniqueness of the product also influences competitiveness. So, how to make our companies competitive?

1. Training

Although some may not believe it, talented people within our company are the ones who can help us improve their processes. That is why we must have trained personnel.

2. Important areas

Prioritize those areas of your company that need improvement. If you see that the technology department, for example, is a little behind, it's time to renew or improve it.

3. Processes

As well as the areas, check which processes you can improve first.

4. Applications

Use various tools or applications to achieve your goals. Also establishing metrics and commitment within a period of time can be helpful.

5. Constant training

Your human resources are your greatest asset. That is why you should always promote education in your employees since an effective production of your company depends on them.

Source: Bolivia emprende.