Blockbuster Competitive Advantage

Blockbuster Competitive Advantage
Blockbuster Entertainment Corporation was a popular movie rental store created Dallas, Texas in 1985 by a computer programmer named David
Cook. Cook's experience allowed him to create a program to track Blockbuster's inventory and consumer preferences. This gave the business the
competitive advantage of tracking customers' movie preferences and customizing inventory per location.
Two years later, Wayne Huizenga, founder of WasteManagement, and two of his colleagues purchased interest in the company for 18 million dollars.
He knew Blockbuster had huge potential because it was a one–product business that appealed nation wide. Huizenga helped with the expansion of the
company by selling the experience of customers walking into the store ... Show more content on Helpwriting.net ...
They had lost too many customers to Netflix and decided to drop their late fee in another attempt to gain their customers back.
Despite the signs that Blockbuster needed to reevaluate their core competitive strengths, they still believed that people wanted to buy the experience of
walking into a store and buying movies. But with e–service on the rise, consumers were turning to cheaper, more convenient services. Blockbuster tried
to compete with competitors in 2009 by launching movie kiosks and offered customers by–mail and digital distribution channels, but Blockbuster was
stuck in its ways with the local stores and company overhead. By the end of 2010, Blockbuster filed Chapter 11 bankruptcy.
Profit should be established from customer values. A huge majority of Blockbuster's profit came from late fees. They had so much overhead costs to
keep their building running that when they tried to compete with Netflix's "no late fees", It actually costed them profit and they later had to reinstate the
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The Competitive Advantages Zappos
Introduction
This article is a discussion about the competitive advantages Zappos has, using resource based view and dynamic capabilities analysis. Although there
are SWOT framework and Porter's five forces model etc. to understand the firm's competitive advantage, those are environmental analysis, which is
"only the half story" as Barney,(1995) suggested. So, an analysis of a firm's internal strengths and weaknesses is required. Barney (2001) states
"resource–based logic can help managers more completely understand the kind of resources that help generate sustained strategic advantages, help them
use this understanding to evaluate the full range of resources their firm may possess, and then exploit those resources that ... Show more content on
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But market is dynamic, during these 10 years, more and more shopping websites are established, since if a firm hands competitive advantage,
others will always attempt to imitate it, although Zappos is still running smoothly, the same capability, may not pass the VRIO test. On the other
hand, from he view of dynamic capability, zappos operation model was to provide exceptional product selection by padre rim with shoe
companies, then it changed, all shipments were from its own inventory, (Z,10) because the old model lacks of accuracy and had unreliable
information updates. Undeniably, one of Zappos competence is their distribution system, Zappos noticed that there should be some changes, not
only the shipping model, also include the allocation of ground delivery, ship delivery and air delivery, or the facilitating of automatic machines, as
time goes by, Zappos is always updating this competency. Dynamic capability can be seen as a critique of RBV, There is also literature suggesting,
that DC is outcome of RBV, Dynamic capability is defined as capabilities that endow firms with competitive advantage in changing environments.
Both capabilities and DC are "organization". A DC is the VRIO's "O". To be a source of competitive advantage it must be VRI. So dynamic
capability can be seen as a firm integrate its valuable, rare and costly imitated resources over times. From this perspective, when we analyze Zappos
distribution competency, we can also say that Zappos is organizing its distributing resource and equipping it in order to be responsive to address the
changes taking place in the environment. (Zolo and Winter,

Competitive Advantages the Apple's
1. * What, historically, have been Apple's competitive advantages?
Apple's mission is to make products that were cutting edge, designed beautifully, and easy to use. They have been able to keep this competitive
advantage not only by relying on its own proprietary designs but also by refusing to license their hardware to third parties. They tend to be a leader in
new technologies such as the first desktop solution, mp3 player, and touch screen cell phone.
Jobs believed deeply in focus while the previous CEOs sought to broaden Apple's products. Apple had one of the narrowest product lines of any
company of comparable size. Jobs also believed in extreme practices of secrecy, "closed door policy" in which key cards accessed only certain ... Show
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They were able to capture over 14% of the smart phone market and introduced the Apple App Store which would bring in even more revenue and
benefits to customers which would convince them to buy the iPhone. Overall people still continue to purchase the iPhone and there seems to be a sort
of "following" for Apple created products, so I do not think that Apple will have a problem with maintaining a position in the smart phone market. 3.
What are Apple's long–term prospects for the iPad?
The iPad was designed to be a middle ground between the smart phone and laptop. Some thought that the iPad would be a replacement for the
Kindle fire but that was never Jobs intention. Eventually Jobs thought that the iPad would kill the laptop market but my personal opinion is that it
never will. The capabilities and design of the iPad does not always provide the same experience that a laptop does, so only time will tell where the iPad
goes. 4. What advice would you offer the new CEO Tim Cook? * Global expansion––––like open more stores worldwide * For iPhone–––open phones
to every carrier * Develop its one–to–one apple program * Pursue stronger strategic alliances with software

Competitive Advantages Of Competitive Advantage Essay
Question 1: Competitive advantages are conditions that permit an organization or nation to deliver a decent or administration at a lower cost or in a
more alluring manner for clients. These conditions permit the gainful element to produce a bigger number of offers or unrivaled edges than its
opposition. Competitive advantages are ascribed to an assortment of components, including cost structure, mark, nature of item offerings, dispersion
and system, licensed innovation and customer support. Samsung had settled on the choice to receive design as a wellspring of competitive advantage
in the 1990s. Prior, the company 's items had been unsatisfying and undifferentiated. In the mid1990s, the Group administrator, Kun–Hee Lee, started
Samsung 's change from a low–end OEM into a world–class gadgets organization. Honing the company 's design aptitudes was a critical part of the
activity. Be that as it may, this required significant changes in culture, procedures, and frameworks inside the organization. Samsung understood that
competitive advantage can be accomplished through the design innovation. Samsung 's voyage toward design greatness began in 1993. That year,
Lee supposedly went by a gadgets store in Los Angeles, USA. He saw, sadly, that the Samsung items in plain view looked ugly, while the results of
Sony and some different organizations looked a great deal all the more engaging. He discovered too that the business staff at the store were themselves
overlooking the Samsung

Competitive Advantage And Competitive Advantages
With the breakneck advancements in today's market, having sustainable competitive advantage has become imperative so as to survive. The
metamorphosis of technology has made the job further challenging to have a competitive advantage and sustain it. Competitive advantage is defined
as an idiosyncratic lead a firm has over its fellow challengers and emulators. This lead enables the firm to vanquish its challenger. In other words it is
something that distinguishes an organization from the competitors. For a competitive advantage to be sustainable, the firm has create value creating
products or services that cannot be mirrored or matched by its fellow competitors and thereby it will able to outlast for a longer period of time
(Bharadwaj, S, Varadarajan, P, & Fahy, J 1993) Sustainable competitive advantage entirely depends on how an organization performs in a competitive
environment. In order to sustain and consolidate the company's position, innovation becomes crucial. Companies should be in a position to embrace
the changes in order to be abreast of the competition and hold its position (Daniela, P ,2014). Apart from innovation, the internal and the external forces
along with the knowledge management form the vital factors. For an organization to gain the competitive advantage and sustain it, it has to innovate
and globalize the vital factors mentioned.
Theories:
Let us discuss these factors with theories
Resource Based View (RBV) : As the name suggests , this theory

Advantages Of Toyota Competitive Advantage
Q1. What is the basis of Toyota's competitive advantage? Here in the case to study the competitive advantage of Toyota measures on the following
System Economy product economy customer economy To use pull system to avoid over production:– As some of the big players like ford motors who
adopted mass production method to reduce the cost and achieve economies of scale but the Toyota rightly point out the flaws in the mass production
like large inventory , lot of defect in mass production lot of division in labour and unable to meet the customer expectation so to avoid all these
Toyota adopted pull system by which Toyota to produce parts economically in small batches so the manufacturing time became low and easy to find
out the flaws in the product as the batch size is small by which they able to reduce the time where the competitor takes about 5 to 6 hour to change the
dice Toyota take only 15 minutes so they able to reduce the cost and as the defects are detected sooner they able to match the customer expectation
with less defective product and also by making parts in... Show more content on Helpwriting.net ...
Will Toyota be able to sustain its competitive advantage over the next decade ? Sustainable competitive advantage is always related to a time
dimension and has two perspectives: 1.Superior Profit over a long time 2.Superior Value over a long time If the different value creating strategies of
Toyota Competitors are able to duplicate the benefit of the Toyota's strategy then competitive advantage cannot be sustained but if the competitors are
not able to imitate then the competitive advantage of Toyota is sustainable. There are four factors on which the future sustainability of the competitive
advantage of Toyota depends . In case Toyota's resource or capabilities are valuable, rear, costly to imitate and Toyota is well organised to exploit
them , then in such case we can say yes Toyota can sustain its competitive advantage over the next decade Reasons:– Its Core Competency

Zara Competitive Advantage
The need to emphasize on all aspects of a supply chain is necessary, especially innovativeness, information, resources, outputs and flexibility, because
their performance, which is based upon their management and processes, directly influences the competitive advantage of a company. Therefore,
improving the performance of a supply chain is very critical for achieving competitive advantage. Improving the performance of a supply chain is not a
one–time process rather, it's a continuous process for the company and its supply chain network to sustain and gain further competitiveness (Cai et al.,
2009). Due to ever increasing competition and changing technological environment, companies are more inclined towards partnering with their
suppliers... Show more content on Helpwriting.net ...
Because of its flexibility, Zara does not worry about "missing the boat" for a season. When new trends emerge, Zara can reach quickly. More
interestingly, Zara runs its supply chain like clockwork, with a fast but predictable rhythm: every store place orders on Tuesday/Wednesday and Friday
/Saturday. Trucks and cargo flights run on established schedules– like a bus service. From Spain, shipments reach most European stores in 24 hours,
US stores in 48 hours, and Asian stores in 72 hours. Not only does store staff know exactly when shipments will arrive, regular customers know too,
thus motivating them to check out the new merchandise more frequently on those days, which are known as "Z days" in some cities. Overall, supply
chain management has become an integrated system that mutually reinforces each other and has propelled Zara's formidable rise around the globe
(Business week,

Competitive Advantage In Omantel
Omantel is an organization which is pioneer of the telecommunication industry in the Oman. It is the main internet provider in the Oman and it has
market leadership position in the market. The government of the country has 51% share in the company. The company has formed itself a major
global hub through presently 10 submarine cables landing in the country such as PLAG, EPEG, Mena, POI, OMRAN, BBG, GBI, Falcon, EIG, and
TWA etc. The company designed a project in the 2015 for the application of the FTTH type of technology in the Oman and for this the company won
award for the best maintenance of the quality for the HR in the company (Omantel, 2017).
Strategic planning plays a crucial role in the successful journey of the companies and it open new roads of opportunities and success for the business
organizations. The business organizations focus mainly on secrecy of the strategies from all within or outside the organization for raising the level of
successful achievement of the goals of the company. Different companies choose different means of strategic planning as some companies keep the
strategies secret even from the middle and lower management and only senior ... Show more content on Helpwriting.net ...
The company attains the strategic advantage by having that information that other in the industry desires to know as the rivals in the industry always
search for the competitive data and this help in getting the competitive advantage by the company. The competitors of the Omantel desire to know the
strategies that help the company to provide low rates to the customers and attain the cost leadership in the industry. So, in this way by keeping the
strategies secret the Omantel maintain the market leadership position in the industry and is operating successfully in the highly uncertain and dynamic
business environment (Maguire & Said,

Competitive Advantage
Competitive Advantage MGT/498 September 13, 2012 Competitive Advantage Riordan Manufacturing is a leader in the industry of plastic injection
molding. Business strategies require assurance that the organization can anticipate business conditions for the future that will improve performance
and profitability. Organizations should create a strategic framework for a noteworthy achievement. The framework entails formulating a mission that
defines the business product of the organization. This paper will discuss competitive advantages Riordan has in common with Nike and T–mobile and
what Riordan can use to improve innovation. Competitive strategies can have an effect on the long term organizational performance. Riordan will also
... Show more content on Helpwriting.net ...
Before an organization can begin can begin strategy formulation, it must scan the environment to identify possible opportunities and threats and its
internal environment for strengths and weaknesses (Wheeler & Hunger, 2010). Global Market Affects on Riordan The global market is an important
aspect of business. Globalization affords Riordan the opportunity of outsourcing work and finding potential clients throughout the world. The global
market affects Riordan's opportunities and threats. Globalization influences trade and investments as well as boost investment and market potential
(Gillespie, Jeannet, & Hennessey, 2010). The global market also has the potential of possessing negative effects on Riordan's business strategy. Because
of the impact of globalization Riordan must compete with companies around the world for business. When entering the global market the company
also faces a degree of uncertainty. The global market affects the amounts and types of competition that Riordan faces. Because of the opportunities and
threats brought about by globalization Riordan must adjust the company's business strategy and structures in an effort of establishing and maintaining
a competitive advantage in the global market. By making the adjustments Riordan

Competitive Advantage Of A Competitive
With a competitive advantage you are able to excel within the industry, but to do so one needs to be able to understand how to go about getting that
idea advantage. There are ways that aid a business in reaching the levels of success. With the competitive analysis you have five areas that have to be
analyzed in order to be competitive.
Being able to be competitive within the industry is a key element. Since it is overloaded with larger firms it will be vital to lock in on services that
the larger firms find not to be important to success. I feel that one of my secrets will be utilizing my creativity within the marketing, finding lenders,
offering that extra care in customer service, and our company's integrity. By staying true to values, will appeal to the general public in positive
ways. That is when my company will become a household name. Keeping meeting schedule on a timely basis will allow my company to see
where we are at within the month and billing cycles. This will inform us as to which direction we need to improve on. Offering services and
property that the larger firms do not feel will benefit their business will be huge steps for the success within my company. Even this will have to be
done with caution, in order to make sure the revenue will be beneficial for everyone involved. Keeping my cost within my budget will be mandatory
in order to stay competitive. My business will have to make sure to keep its costs low in order to

The Competition: Maintaining Advantage
Maintaining competitive advantage in today 's ever–changing business environment is not a simple task. For any company to maintain a competitive
advantage, the company must develop the advantage such that it is "rare, costly to imitate, no substitutable, and nontransferable" (Snyman, J.H., 2006).
Along these lines, Michael Porter has provided five competitive forces that can assist any company in maintaining the advantage. These forces are "the
entry of new competitors, the threat of substitutes, the bargaining power of buyers, the bargaining power of suppliers, and the rivalry among existing
competitors ' " (Pfeffer, J., 2005). Three methods for maintaining competitive advantage that will ... Show more content on Helpwriting.net ...
Customers may not be satisfied with the service they are receiving from persons outside of there homeland. Furthermore, management techniques may
very greatly culturally and situations may not be diffused and resources may be used ineffectively.
.
Constraints and Regulations Strategic planning is one of the most important and vital aspects of a business. Strategic planning is tedious and complex,
and usually has long terms affects on organizations (Morris and Jamieson, 2005). One major constraint of strategic management is that planned projects
must have the support of the entire organization or the project is doomed to fail. Strategic plans must be clearly implanted into all roles within the
organization so that projects can be afforded the best opportunity for success. Managers and CEO 's must also take rules and regulations into account
when planning for the future. Local, state, and federal regulations play a large factor in how businesses operate and failure to comply with these
regulations can cause a business to lose their competitive advantage due to fines, poor publicity, poor employee recruitment, law suits, and high benefit
costs. There are many constraints and regulations that force organizations to be very careful when managing their employees. Employee management
is also a crucial role in the success of an organization. Employees must be used to their fullest abilities but must remain within their skill level or scope
of

Advantage Of Competitive Intelligence
The concept Competitive Intelligence has a rich tradition (Juhari and Stephens, 2006), and it has strong bases in military science and holds a rich
history dating back to more than 5,000 years (Tao and Prescott, 2000)..
In the recent history, especially in the management field, this concept has been examined for many times under different titles. For example, Aguilar
(1967) and Fahey and King (1977) invented the phrase environmental scanning, which concentrated on how the executives scan their organizations'
environment.
Likewise, over time other labels have been utilized in prior studies to identify competitive intelligence. Like:
Business intelligence (Cleland and King, 1975; Pearce, 1976).
Competition analysis (Ghoshal and Westney,... Show more content on Helpwriting.net ...
In center, Competitive Intelligence helps strategists to understand the forces that act upon the business environment and, more significantly, to develop
appropriate designs to compete successfully (McGonagle and Vella, 2002).
Guimaraes (2000) provides us with a summary of the benefits of Competitive Intelligence practice in strategic planning: bringing to light business
opportunities and problems that will enable proactive strategies; providing the basis for continuous improvement; omit light on competitor strategies;
improving speed to market and thereby supporting rapid globalization; improving the possibility of company survival; increasing business volume;
providing better customer assessment; and improving understanding of external influences .
For the present research, Competitive Intelligence is defined as a "Systematic and ethical process for gathering, analyzing and managing external
information that can affect the company plans, decisions and operations (Saayman, et

Competitive Advantage Vs. Competitive Strategy
C. Competitive Advantage Related Theory Competitive strategy is the moves and methods that the firm has taken and is taking to appeal buyers,
improve its market position, and to endure competitive pressures. The strategy is about what a firm's capability to try to knock off competitors and
attain competitive advantage, which can be offensive or defensive. There are three approaches to competitive strategy, which are low–cost leadership
strategy where struggling to be the overall low–cost manufacturer in the in industry. Moreover, pursuing to distinguish one's product offering from
competitors (differentiation strategy), and the last one is focus or niche strategy where aiming on thin portion of the market rather than the whole
market (Porter, 1998). There are also some risks for each strategy. Upholding cost leadership can be risky because of the requirement of frequent
capital investment to sustain cost advantage, then cost surges narrow price differentials and diminish ability to compete with other's brand royalty.
Differentiation strategy has some threats, such as imitation decreases alleged differentiation, buyers need for differentiation falls. Meanwhile, the
risks for focus or niche strategy are the differences in preferred products or services between the strategic market and target as a whole narrows, the
cost discrepancy between wide ranged competitors and the focused firms broadens to eradicate the cost advantages of allocating a narrow target or to
offset the

identifying competitive advantage
IDENTIFYING COMPETITIVE ADVANTAGES Video: Panera Bread Cohesion Case: Competitive Advantage:Business Dilemma To survive and
thrive, an organization must create a competitive advantage. A competitive advantage is a product or service that an organization 's customers place a
greater value on than similar offerings from a competitor. Unfortunately, competitive advantages are typically temporary because competitors often
seek ways to duplicate the competitive advantage. In turn, organizations must develop a strategy based on a new competitive advantage. When an
organization is the first to market with a competitive advantage, it gains a first–mover advantage. The first–mover advantage occurs when an
organization can significantly... Show more content on Helpwriting.net ...
With respect to the relationship with suppliers, organizations function as buyers and thus prefer to increase their own buyer power with suppliers
(and create competitive advantage). In this situation, organizations want to work with a large pool of suppliers to potentially supply the desired
good or service. FIGURE 1.14 An Organization within the Supply Chain Page 15 Supplier Power Supplier power in the Five Forces Model is high
when buyers have few choices to buy from and low when they have many choices. Supplier power is the converse of buyer power. Again, there are two
situations in the supply chain where organizations need to be concerned: i) in their relationships with customers; and ii) in their relationships with
suppliers. Regarding the relationships with customers, organizations function as suppliers and thus want supplier power to be high. With respect to the
relationships with suppliers, organizations function as buyers and therefore want supplier power to be low (see Figure 1.14). As a buyer, the
organization can create a competitive advantage by locating alternative supply sources. IS–enabled business–to–business (B2B) marketplaces can help.
A business–to–business (B2B) marketplace is an Internet–based service that brings together many buyers and sellers (discussed in detail in Chapter 3).
One

Evaluation of the Competitive Advantage That Can Be Gained...
Information technology is an essential part of business processes that need technical competence beyond the scope of current management. Third party
to manage IT functions for the company. Outsourcing contract is part of the concept of a business process to a third party who has specific skills and
services. It allows organizations to focus on their efficiency and manage resources efficiently. When considering the economics of the industry and
emerging industries such as IT,business process outsourcing imposes huge market potential.
Competitive advantages are an advantage that a firm has over its competitors, allowing it to generate sales or margins larger or retain more customers
than its competition. There are many competitive ... Show more content on Helpwriting.net ...
2.2 Increase productivity and efficiency
Outsourcing is very advantageous. In addition to reducing costs, it also helps firms and companies to improve the efficiency of business operations.
The true line between business goals and deliverables in outsourcing. It also can increase productivity and efficiency. Outsourcing provider with
expertise and experience can actually help streamline business processes and contribute to the line. Outsourcers can also benefit from third parties to
improve the level of service consistently. This will improve the efficiency and can lead to customer satisfaction and lead the company better prepared
for the challenges of specialized market.
2.3 More employees have skills and expertise
Outsourcing in information technology vendors looking to hire qualified and certified to perform certain core functions. No need to be an expert in a
particular field in which it can rely on the expert services of an outside company. The company may not know what to do, if the firm hires someone to
be on staff full time, but who may not have knowledge and experience in this field to do the job. Outsourcing IT work teams focused on problem
solving and resolving network problems and errors. Rather than maintaining a small IT staff, outsourcing unit's consistently larger staff to design and
implement corporate solutions to solve everyday problems.
2.4 focus on core competencies.
Some companies are finding that in order to remain competitive in their

Advantage Of Competitive Advantage
1.Introduction 1.1.Introduction to firm's competitive advantage "Strategy is concerned with matching a firm's resources and capabilities to the
opportunities that arise in the external environment." (Grant, p. 114, 2016). In basic sense, a firm is a place where a product or service originates. A
firm is a place where a group of people co–operate and co–ordinate with each other to frame a product or services as per the taste of the customers to
reach the organizational goal of profitability. There is mixture of a lot stakeholders like, suppliers, customers, manufacturers, distributers, etc. in a firm.
"A firm is a legal entity – one that signs contracts with its suppliers, distributors, employees and often customers." (Chandler, 1992). Competitive
advantage is a very general but genuine term in the present business market. The business market is very competitive. One has to be very unique as
well as customer satisfying in order to sustain in the market for the long run. "A competitive advantage is an advantage gained over competitors by
offering customers greater value, either through lower prices or by providing additional benefits and service that justify similar, or possibly higher,
prices" (Ehmke, 2008). (Porter, 2008) "Competitive Advantage introduces the concept of the value chain, a general framework for thinking
strategically about the activities involved in any business and assessing their relative cost and role in differentiation." It can be in various aspects of

Competitive Advantages Of Competitive Advantage
"Competitive advantage literally is the ability to sustain profits that exceed the average for the industry through developing distinctive competencies:
distinctive, because the competitors don't have them and because they are fundamentally difficult to replicate" (Berry, 2012). Competitive advantage
through people is critical for a business to succeed. Without people, businesses would lack the ability to have the innovations to differentiate their
products or services from their contenders in the same field of interest. People are critical from in developing and producing the product or service for
the company to drive customer satisfaction. John C. Maxwell of the Philippine Daily Inquirer suggests that there are three C's that develop a
competitive advantage. Competition is the first one which consists of a business opponents and the market share to compete against for the best
product and service with a lower cost. Next are the challenges. These challenges include economic handicaps that a business can face such as scarce
resources. Naturally people fear change. With change, leadership needs to move people to leave a burning building and move in the right direction in
which the company needs to. It can be uncomfortable for some, but critical to advance beyond their competitors. The third is connectivity that
companies must be in tune with. "Within an organization, even a small one, work teams can become isolated from one another. When that happens,

Aspca Competitive Advantages
Competitive advantage: While the ASPCA's competition have similar models, ASPCA's competitive advantages come from its long existing history
in the US, with more than 85 years on its closet competition. As the oldest existing nonprofit of its kind in North America, the ASPCA has earned a
reputation as a trusted nonprofit, that people can be confident in. Their founder story is also a powerful tool for attracting interest. They gained a
favorable reputation for leading the no kill movement. Their many years of experience have also afforded them several resources. They have a paid
staff of over 800, several high–profile celebrity and corporate partnerships, a ASPCApro network of volunteers in profession animal care fields, and a
CEO with a long standing history in nonprofits. The ASPCA also boast a powerful social media strategy. Using an image centric model and large
social media presence the ASPCA has crafted a powerful way to gain the attention of millions.... Show more content on Helpwriting.net ...
The ASPCA's greatest resources is its human capital. The ASPCA has over 800 dedicated and trained employees. They also have more than 800
volunteers working more that 50,000 hours a year to help assist the organization. The ASPCA also designed and created the ASPCApro team, a
program designed to train animal care specialist, such as veterinarians, in new fields and technologies to increase their level of skills, while also
gaining new members to the ASPCA team. Another of the ASPCA's greatest resource are its intangible resources. The ASPCA has great brand
awareness, given its long history, founder story, and its celebrity and corporate

Competitive Advantage Of Competitive Lead
Competitive LeadCompetitive lead should be focus of organization in the global world. Companies should look at the social, cultural, political
conditions and strategic decision making when conducting business in the global market. According to Jessop (2014), a society where knowledge is
essential in the global world where innovation is a must for economic growth. This paper will examine the cultural, political trends, social, and evaluate
business structures to keep a competitive lead in order to make the best possible decisions in the company. Examining the Cultural, Political, and Social
for Competitive Lead Organizations should look at the cultural, political, and social for a competitive lead when determining the direction of the
company. Godin (2006) mentioned that ideals have emerged that have persuaded and defined the social and technological policies in the Western world
such as innovation, knowledge–based market, and the new market. Society as a whole is moving in the direction of technological, social media
advancements to keep up with other companies in this global world. Ramey (2012) mention that technology has change the way one learns, the way
one travels, and purchase goods. The phones, computers are high tech for businesses to get a competitive lead. Williams (2009) stated that businesses
are influence by socially and politically in how management is conducted. According to Williams (2009), social setting issues comprise the

WEMC FS#5–08
Strategies for Competitive Advantage
Cole Ehmke, M.S.
Extension Educator, Department of Agricultural and Applied Economics
University of Wyoming
Overview
A competitive advantage is an advantage gained over competitors by offering customers greater value, either through lower prices or by providing
additional benefits and service that justify similar, or possibly higher, prices. For growers and producers involved in niche marketing, finding and
nurturing a competitive advantage can mean increased profit and a venture that is sustainable and successful over the long term. This fact sheet looks
at what defines competitive advantage and discusses strategies to consider when building a competitive advantage, as well as ways to ... Show more
content on Helpwriting.net ...
There must be a compelling reason to buy; the product is great, the people love to provide service, the buying experience is easy and fun, etc.
4. The ability to create a "buzz" around the product with aggressive and strategic marketing. Make scarce marketing resources count. Do as much
homework about your customers and their choices as you can before investing your marketing dollars.
5. Deal–making skills to sell the product at the highest possible price given your market. It comes down to your customers' perception of the value of
your product and sometimes the power of your personality. 6. The ability to keep developing new products to retain and build a customer base.
Consider gradual product development based on improvements to the current product line and sold to the current customer base.
7. Deal–making skills to work with resource suppliers to keep costs low. Keeping costs lower than competitors' and continuing to look for cost
reductions even when the business is profitable is key.
8. The maturity to treat employees, suppliers and partners fairly and respectfully. Trust and respect result in productivity increases in ways that may be
difficult to see and quantify.
9. Superior location and/or promotion creating a connection between your product and where it can be obtained. Studies have shown it can take seeing
your product or name seven times before a customer is ready to buy.
10. A steady source of business during both good economic

Competitive advantages are strengths and strategies that keep a company ahead of its competitors. It is hard to measure competitive advantage and
harder to maintain it. Some competitive advantages are fleeting. The successful companies are those that leverage their competitive advantage
successfully and repeatedly. As understood by us in the above example the competitive advantage that the cyrptoses enjoy is a direct outcome of its
natural habitat and hence the circumstantial gain over its rivals. Cryptoses has strategically positioned and tactically planned its competitive advantage
that even though its fleeting, its competitive advantage is repetitive and successful. The other name for this sort of competitive advantage could be...
Show more content on Helpwriting.net ...
But nothing lasts for ever, as the market matures there are new entrants and it posses a threat to the competitive advantage. (fig. 2) Gradually with the
time competition starts meeting the customer expectations and the competitive advantage tends to reduce. Example – As the company that created the
spreadsheet for PCs, Lotus led the way through much of the 1980s with its 1–2–3. But Lotus did not foresee the success that Windows would have and
failed to develop a version of 1–2–3 for it until 1991. By then Microsoft 's Excel had moved in to dominate the market. The duration of the
competitive advantage is subjective, it depends on impact by the competitors affecting the source of competitive advantage. Microsoft Corporation is
in a class by itself when it comes to exploiting the source for competitive advantage. IBM chose Microsoft in 1980 to write the operating system for
its new personal computers. Microsoft produced DOS for IBM and then licensed it to more than 100 companies turning out IBM clones. Since it knew
more than anyone else about the operating system for PCs, Microsoft had a head start on applications software like word–processing and spreadsheet
programs. Over the years its applications programs became leaders. In the mid–1980s, Microsoft developed the Windows operating system, giving PCs
some of the power and ease of use that had been associated with Apple computers. Microsoft

Competitive Strategy : Competitive Advantage Essay
2.1 Competitive strategies
"Competitive strategy involves positioning a business to maximize the value of the capabilities that distinguish it from its competitor's" (Porter
1980:47). A successful business plan requires first and foremost the formation of an appropriate strategy. Through the implementation of a suitable
strategy, the company is able to obtain its own industry niche and gain an understanding of its customers (Porter 1985). Whichever strategy is adopted
it must be adequately integrated within the firms goals and missions to achieve a competitive advantage (Parker and Helms 1992).
Competitive advantage is explained by Mahoney and Pandian (1992) as the function of industry analysis, organizational governance and the firm's
effects in the form of resource advantages and strategies. In order for a firm to be competitive it must adapt to the volatile business environment and
through strategic management decisions establish a competitive advantage that will ultimately produce superior performance relative to its competitors
(Akimova 2000).
The manner in which firms are able to compete is most commonly categorized by implementing Michael Porter's strategic typologies. Porter's strategic
theory has been the most widely accepted strategic approach used by fellow academics (Kim and Lim 1988; Bordean et al 2010). Porter proposed
three generic strategies namely: cost leadership, differentiation and focus strategy. Warszawski (1996) later introduced a competitive strategy

Impvantages And Competitive Advantage
Summary
The article I chose was published in the International Journal of Business and Management. This article focused was based on how companies gained
competitive advantaged and how strategic information systems help companies create and sustain competitive advantages. To create a basis this article
first described why companies wanted to develop an information system. This article described the three general types of information systems as
financial, operational, and strategic information systems. The author went in to little detail about each but focused more on the strategic information
system. After going into detail about the strategic information system the authors described how companies should concentrate on information systems
to ... Show more content on Helpwriting.net ...
"Competitive advantage is a product or service that an organizations customers value more highly than similar offerings from its competitors"( Xu, J.,
& Quaddus, M., 2013 pg. 27). This definition would have been helpful to its users before going into any theories about competitive advantages. After
defining a competitive advantage the author could stress the importance of a competitive advantage. Include information such as "Competitive
advantage is the key to sales success and high profitability. It is absolutely essential that you are excellent in some specific area that customers value.
You have to be able to say to your customers that, we offer the very best for you in this critical area"(Business Survival 101: Your Competitive
Advantage). Then before going into great detail about strategic information systems explain how technology has changed over the years and how it
how affects the how competitive advantage is viewed from recent years and in present years. Once all the background information was in place there
should have been a comparison between an information systems and a strategic information system. All background information should have been
covered throughout the introduction of this article. Also there was statement that said "Turban et al, sited 12 strategies for competitive advantage here
and we present again turban's literature"(Hemmatfar, M.,Ph D., Salehi, M.,Ph D., & Bayat, M.,Ph D.,2010 pg. 161–162) but the authors only listed 11
of the 12 strategies. Therefore information was missing from this article. Also throughout this article there were many references to figures which was
places at the back of this article behind its references which is I think that the figures or exhibits should be place under the information it is pertaining

Walmart Competitive Advantage
The Triple A strategy (172) Figure 3 Pankaj Ghemawat (2007) introduced the triple A strategy to help better analyze the competitive advantage of a
firm outside the home country. As shown in figure 2, the framework focus on the adoption of local responsiveness, aggregation of economies of scale
and arbitrage of absolute economies under the globalization of markets. He argued that company must allocate one or more factors as to compete
globally. Walmart is achieving the three competitive advantages simultaneously. As discussed above of the Walmart China, the company is taking the
local responsiveness as through CSR event. Secondly, Walmart also realized economies of scale by selling bulks of commodities right off pallets,
through its... Show more content on Helpwriting.net ...
The second one is about Walmart store location strategy. There are actually two elements: the location and the price of lands. Walmart chooses
carefully on locations. The first store opened in 1962 was located in a small rural town where rilvaries are less than urban and suburban locations
(Gerdeman, 2012). Then, Walmart waited until they had developed sufficient resources before they moved on to a new store (Gerdeman, 2012).
Walmart tends to have their big box store near a convenient highway exit to improve the accessibility of their stores (Holmes, 2011). Figure 4.
Diffusion of Wal–Mart stores and general distribution centers Walmart also has a dense network of stores which shown on Figure 4 (Fettiq, 2006).
The density level of the Walmart stores and the distribution of their general distribution centers work together to lower the logistic cost and facilities
the transfer of experienced managers and personnel (Fettiq, 2006). The second element is the price of land. Walmart purchases lands instead of
depending solely on lease in order to reduce rental cost (Halkias, 2012). Walmart also received subsidies and reduced–price land from local government
to build new stores and distribution centers (Mattera & Purinton, 2004). Therefore, Walmart is able to lower their cost and remains competitive in
the market through acquisition of lands and subsidies. Walmart has its own competitive advantages in

Advantages Of Competitive Advantage
Competitive advantage and sustainable competitive advantage
All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved. By Sun Tzu
Tactics may represent a brief competitive advantage. Strategy might signify a constant competitive benefit.
An organization must implement a set of competitive advantages which can maintained and required for the customer, fulfilling their requirements
with the goal that they will pay for the value to contend adequately in the worldwide condition.
Value chainanalysis is a capable instrument for the organization to distinguish its important actions as having the capacity to finish competitive need
and make predominant routines. The value chain has been utilized as an intense tool for management as it comprises of the various activity the
company uses to produce value and its profit. (Edwards, 2002)
Value Chain
The idea of the value chain is based on the process view of JULIA JUICE, the idea of seeing a JJ organization as a system, made up of subsystems each
with inputs, (mindtools, 2017) Conversion procedures and productivities. Inputs, conversion procedures, and productivities include the procurement
and utilization of assets – cash, work, materials, hardware, structures, land, organization and administration. How value chain exercises are executed,
decide expenditures and generate benefits.
Regarding Porter (1985), the required things to do are:
1. Incoming Logistics –

Competitive Advantage Of Amazon
Amazon throughout the years has expanded their facilities throughout the U.S and growing at a rapid pace in rest of the world in the past five
years. Amazon was able to develop business in the Midwest as well as in the Southern State. One of their main focus is to build many headquarters
and facilities around the world mostly near large populated cities because it can be easier and quicker to distribute them. Based on Amazon's
Fulfillment Center Network it is mentioned that the largest amazon's fulfillment center is located in 6835 West Buckeye Road, Phoenix, Arizona. The
size of the facility is "1,009,400 square feet"2. Some of the large cities that is located near the facility are Mesa, Tucson, Chandler, Glendale, and
Scottsdale. One of the main reason why Amazon plan to build more facilities in Arizona is the fact that it is a highly competitive corporate
headquarters for many business and is in the top five largest cities in the United State. Moreover, in the past years technology has penetrated industries
and without no doubt in couple year's automation would be replacing humans as it is seen as a competitive advantage. Even though, automation is
setting the standards for many businesses and a highly competitive factor in today's industries, there are many advantages of automation taking over the
workforce as well as disadvantages. It is used to complete a task faster, cheaper, and with a greater accuracy. The first advantage is that with automation
is the reduction

Disadvantages Of Competitive Advantage
What is Competitive Advantage?
Competitive advantage is the act of a firm being in a more favorable position in the market that its rivals when it comes to operation. McGrath(2013)
stated that competitive advantage can be displayed regarding having affordable products or services and having quality product or service. Quality of
service or quality is one way to which a firm can beat rivals in endearing itself into customers. Customers prefer consuming the best quality in the
market, and the firm with the best quality makes more sales. Affordability of a product or service is another way a firm creates a favorable position
among consumers. Customers prefer to purchase an affordable product or service where the substitutes presented to them are of the same quality. A
firm with competitive advantage has a higher number of sales from repeat and new customers. The high quality and affordability make customers keep
purchasing the product as new customers are attracted to the business at the expense of rivals.
How do firms build competitive advantage?
According to Sanchez (2010), manufacturing equipment, machines, and processes are modern in a firm that has a competitive advantage. The
equipment, machines, and processes are better than those of rivals. When machines, equipment, and processes are modern, it means that better quality
of products or service will be offered. Better machines, equipment, and processes ensure that the firm can produce more efficiently than rivals.

Competitive Advantages Of A Competitive Company
Competitive advantages must identifying a specific target audience with a clearly need, developing and delivering a high quality of products and
services in appropriately priced to be the best than anybody else. But what are the elements of a competitive company? Here are some factors that helps
the organization to become a competitor in market.
1. Cost leadership:
It is a business strategy that allows a company to lowest cost production in an industry. There are two options in businesses to improve profits,
increasing or decreasing costs. This strategy focuses on acquiring a highest raw materials at lowest price then change them into valuable consumer
goods. Low cost leadership often leads to increases in market share.
2. ... Show more content on Helpwriting.net ...
This is the key to achieving competitive advantage for your business.
6. Encourage workers to talk with their leader:
Especially about their problems. Employees feel safe when they speak or ask for a help from their leader rather than to feel fearful, this will leads to
better performance outcomes. Feeling safe in the workplace supports the spirit of experimentation for new innovations. Kamal (2015) shown that
"empowerment, when coupled with good training and teamwork, leads to superior performance outcomes whereas a range of efficient manufacturing
and operations practices do not". (Kamal, 2015)
A positive workplace is the best successful place over the time because its well–being and increases positive emotions. In turn, it amplifies people 's
ability and creativity and improve their relationship with other co–workers. Also it improving employee's ability to attack challenges and difficulties
while boosting their health. This make the employees more loyal to the organizations and the leader as well as bringing out their best strengths.
According to Lewin 's (1958) theory there are three clearest and simplest steps models about change management. First step is "unfreeze" people always
need to understand why things should done in another ways. The process of "unfreezing" is sensitive culture, which means explaining why the
organization is

Benefits Of Advantage For Competitive Advantage
Introduction As we move from the information age into what Simson, Downe, and Ahmad (2011) call the knowledge age, knowledge is power.
Ideally, the power lies with the organizations that are able to leverage knowledge for competitive advantage (Okorafor, 2014). More often than not,
however, the power lies with the individual who possess the knowledge; often, that individual develops a sense of knowledge ownership which
influences knowledge behaviors (Husted & Michailova, 2002; Peng, 2013; Wang & Noe, 2010). According to Nonaka (1991, p 96), "[i]n an economy
where the only certainty is uncertainty, the one source of lasting competitive advantage is knowledge." The inevitable retirement of the more than 67
million eligible individuals and subsequent loss of employee knowledge, experience, and skills may signify a considerable loss of competitive
advantage for organizations (Appelbaum et al., 2012). In an effort to leverage knowledge for competitive advantage, organizations must focus on
recruiting new personnel with desirable knowledge skills or abilities and on implementing knowledge management systems (KMS) which capture,
share, and use existing individual knowledge. Cabrera and Cabrera (2002) argued that organizations could better leverage organizational knowledge by
implementing managerial interventions that address factors that facilitate KS. Empirical research identified the most common KS facilitating factors
as rewards, organization climate, and leadership (Assefa et

Competitive Advantage Of Zara
Initially, the efficient supply chain of the business is a good method to enhance its competitive position. Supply chain refers to those associated
operations and activities for converting inputs to outputs. Such activities contain issues of operations, marketing and supply (Han, 2008). High level of
combination within the chain is the best method to get competitive benefit. Zara Company achieved matchless success in having powerful supply
chain. This company owns numerous branches all around the world. In this essay, we will discuss supply chain of Zara, Zara's Fast Fashion
distribution system, and role of vertical and horizontal analysis in making competitive advantage for business. In the case of Zara, we find that Supply
chain contains... Show more content on Helpwriting.net ...
Enforcement of such system "fast fashion" is too good in decreasing the time of production. This is clear in the case of Zara as recognizing the
required fashion and applying or producing it in a short period of time less than two weeks. This is too good for forming rapid answer for all
clients' requirements, and so keeping clients satisfied. This system of fast fashion also helped Zara to produce more effective styles. This included
the production of 11,000 items, while in case of rivals we find that Gap produced only 4,000 items, and H&M produced only 2000 items. Moreover,
the adopting of such system helped the company reduce level of supply "scant quantities", and this is too effective for satisfying clients as they wear a
unique model. All those issues helped Zara to support its name in the market, and so despite of the different disadvantages, we find that Zara will

The Disadvantipages Of Competitive Advantages
Competitive advantage allows a company to grow and sustain its sales but still retain more customers than its rivals. (Perreault/ Cannon/McCarthy,
2009, p48) defines competitive advantage as '' A firm that has a marketing mix that the target market sees as better that a competitors mix''. A
company achieves a completive advantage when it provides buyers with superior value compared to rival seller's offers the same value at a lower cost
to the firm, this is according to (Thompson/Peteraf/Gamble / Strickland, 2014, p 7)
The core business of BBC is embodied in its vision of providing public transport which is affordable, accessible, efficient, integrated and safe to the
commuters of Ekurhuleni, who reside and work in the parts of EMM. The competitive ... Show more content on Helpwriting.net ...
Since commuters receive 50% subsidy from the provincial government for the daily commute, the BBC becomes the number one choice transport in
the region. Taxis turn to be double the price of buses , according to the EMM's Household Travel Survey of 2014, households in EMM receive an
average monthly income that ranges between R2 000 and R3 000 , making this a low income area with LSM 1–3 , (Saarfcoza, 2016). BCC outcompete
the taxi industry by having lower costs and thus being able to serve the greater community at a lower

Competitive Strategy and Competitive Advantages
1– Innovation is important because it allows differentiation from competitors, manufacturing is easier and more flexible, the bar for competition is
raised, and there is greater market segmentation. 2– Some advantages of technological innovation are: a wider range of products and services can be
delivered to people, GDP has increased, people can communicate in every part of the world, the production of food has become more efficient, and it
has yield medical treatments to improve medical conditions. The quality of life has improved. It has created new knowledge to solve practical
problems. Disadvantages include: harmful pollution to surrounding communities, erosion from fishing and agricultural technologies, elimination of
natural... Show more content on Helpwriting.net ...
2– Well developed firms are likely to adopt to new technologies instead of developing them because new technologies does not have a dominant design.
Established firms are very familiar with the dominant design and do not experiment with new technologies. Instead, the established firms focuses on
new knowledge/understanding of existing technologies. It tries to improve products and make production more efficient. New entrants are eager to
experiment with new technologies because they are introducing something new into the market; they can perhaps build on that to develop market
share. 3– The invention of a laptop with Internet is a radical innovation. It is portable, users can access internet on the go without wires, and work can
be done from anywhere. The laptop is competence enhancing as it has built the way for other technologies (e.g. tablets). 4– S–Curve technology
improvement: in the early stages, the technology is not understood and effort is put into understanding the technology, when the understanding of the
technology is better, improvements are accelerated. The technology begins to gain legitimacy, more improvements are made and the

Competitive Advantages Of HRM
Gaining Competitive Advantage through Lean Practices in HRM Dr.Dolly Dolai*
ABSTRACT
Current business conditions mandate greater competitive advantage from HR agendas and processes. HR must contribute strategic value to add greater
competitive advantage either reactively or proactively. In its strategically reactive mode, HR assumes the existence of a business strategy and adds
value by linking HR practices to the business strategy and by managing change. In its strategically proactive mode, HR creates competitive advantage
by creating cultures of creativity and innovation, and by linking internal processes and structures with ongoing changes in the marketplace. This article
defines and describes one such practice like lean management ... Show more content on Helpwriting.net ...
Some of the advantages are: Increased productivity ( some have reported up to 50% in some processes), better control on quality, lower cost, and
improved employee involvement; all these, concurrently resulting in greater customer satisfaction. However for this to result in a sustained
Competitive Advantage, the impact on HRM and the corresponding modifications required on the HRM policies and practices needs a study.
Mr Taichi Ohno first developed theLean Concepts at Toyota ( Womack, 1998) The principles he developed are applicable both to the manufacturing
and the service sectors( A.Lakshminarasimha,2005). To enable a proper perspective on the concepts of Lean, an attempt is made to briefly recapitulate
on them.
What is "lean?" There are basically two definitions of "lean;" it is a systematic approach to eliminating waste through continuous improvement, and, it
is a total business process – not just manufacturing. The measurement is from once an order is taken to receipt of payment. And really, "lean" is all
about continuous

The Competitive Advantage Of Zara
Zara, one of the world's largest apparel retailers, was founded in 1975 in La CorunaпјЊ Spain. With its successful rollout in the Spanish market, it
began to expand its stores around the world, and became one of the most profitable brands in the appalling market. Zara was famous for its ability to
quickly respond to the market demands, which provides a useful lesson in terms of competitive advantage with its competitors. But confronting to the
fast–paced and constantly changing market, if a company wants to consistently increase market share in order to survive in the competitive market, it
is irrefutable that it needs to achieve sustainable competitive advantage, since the achievement of sustainable competitive advantage can be expected to
lead to higher performance. The resource–based view (RBV), which emphasizes the internal capabilities of a firm to attain sustainable competitive
advantage in its market and industry, could be an excellent tool to explain why a company can be superior to others (Sheehan and Foss, 2007). Hence,
the main purpose of this essay is to evaluate whether and how Zara generates its sustainable competitive advantage, drawing on the resource–based
view literature. Resource–based view of Zara The resource–based view emphasizes the internal accumulation of firms' resources and capabilities that
contribute to firms' development (Peteraf, 1993). Resources include all assets, attributes, knowledge, etc. (Barney, 1991), which enables the firm to
implement

Advantages Of Generic Competitive Advantage
generic competitive advantages for outperforming other corporation in a particular industry: lower cost and differentiation. Figure 3 shows an approach
to competitive advantage encompassing critical components.
Figure 3. A typical Approach to Competitive Advantage
2.3 Brief introduction to SWOT, PESTEL and Porter's five forces
SWOT analysis, which inquires in to strengths, weaknesses, opportunities and threats (SWOTs), is the traditional means of searching for insights into
ways of realizing the desired alignment (Ansoff 1965; Andrews; 1987; Porter 1991; Mintzberg 1994; Ahlstrand and Lampel 1998). The Stanford
Research Institute reportedly used the SWOT analysis during 1960s. This popular management tool that time was known as Satisfaction, ... Show more
content on Helpwriting.net ...
An additional force i.e., vi) the relative power of other stakeholders is also considered by various management specialists over and above the five
forces to suit the changing business environment. A company shall assess the impact of these forces to analyse their growth potential in the market.
The higher the influence of each of the forces, the firm loses its ability to earn higher profits. High forces can be regarded as threat as it may affect
the potential of the firm to generate profits and a low force can be regarded as opportunity to enhance its profitability. In the long run, a company may
choose a suitable strategy to change the strength of one or more forces to company's competitive advantages. Porter's fives forces are used for
evaluation of the competitive position of a firm in the industry segment. According to Porter (2008), awareness of the five forces can help a company
understand the structure of its industry and stake out a position that is more profitable and less vulnerable to attack. In contrary to the Porter's five
forces, Rumelt (1991) argues that, firm–specific factors are more important to the profitability of a business than industry wide factors.

Chipotle Competitive Advantage
Industry Analysis Chipotle was an inventor of the fast–casual segment of the restaurant industry. Fast–casual restaurants can be defined as being
positioned somewhere between fast food restaurants and casual dining restaurants, but offer value to its customers through quality food, quick service,
and unique upscale dГ©cor and ambiance, at a slightly higher price than fast food restaurants (Trefis Team, 2014). In recent years this segment has
been producing significant gains in the restaurant industry. Technomic's is reporting that sales in the fast casual segment have grown eleven percent,
while the number of units has increased by eight percent in 2013 (Trefis Team, 2014). Porter's Five Forces Analysis was used to better understand the
profit potential in the fast–casual restaurant industry. First, the "competitive rivalry" within the fast–casual segment is rated as medium, because there
is a growing number of competitors, but really only one notable rival in Qdoba, with a similar menu and quick service, but Chipotle is able to keep
the competition at bay with its superb quality of food, so there are not many competitors creating pricing pressures (Hu, Ma, Saleem, Sun, & Zhang,
2013).... Show more content on Helpwriting.net ...
It is also recommended to continue diversifying, and growing the ShopHouse Southeast Asian Kitchen, and Pizzeria Locale. As released in Chipotle's
2014 Annual Report, two–thirds of business is take–out, so it is recommended to increase marketing for catering services and online ordering. Also, a
high fixed asset ratio indicates a need to increase plant, property, and equipment to support the increase in sales. It is also recommended that Chipotle
continue reinvesting shareholder's equity to maintain financial position while growing the

Nordstrom's Competitive Advantage
Nordstrom has consistently outperformed every other company that operates in retail, ranging from Target to Macy's. Shares of stock in Nordstrom
have increased by 110% over the past five years, and future projections show that the earnings trend will continue. Nordstrom has been able to create a
distinct competitive advantage for many reasons that make their offerings and retail positioning strategy unique. By instituting an outlet business that
reaches a different target market, offering a quality product supported by exceptional customer service, and dedicating itself to an omnichannel channel,
Nordstrom has differentiated its offering and earned a competitive advantage that has allowed it to become the dominant retailer. First, Nordstrom's
creation of an outlet business, Nordstrom Rack, has been a key element in establishing a competitive advantage for the firm. Nordstrom has positioned
itself as a relatively high–end retailer, with expensive prices for high quality items. This has allowed it to... Show more content on Helpwriting.net ...
In the case of Target and other retailers, young consumers are not interested in visiting the store due to the presence of outline retailers that emphasize
convenience and choice. Target offers little in the way of a customer experience that draws millennials. However, Nordstrom Rack has given exposure
to the young customer by offering quality products at affordable prices in an experience that customers enjoy. Nordstrom ultimately hopes that their
outlet stores will serve as a bridge for young consumers to migrate to the full–line Nordstrom location as their incomes increase. Some argue that the
outlet business will tarnish the brand of Nordstrom, but others cite the breadth of brands offered by the retailer as a key in the establishment of outlet
stores not hurting the

Porter's Competitive Advantage
NР°tionР°l prРѕsperity is creР°ted, not inherited. It does not grРѕw out of a country's natural endowments, its lР°bor pool, its interest rates, or its
currency's value. A nation's cРѕmpetitiveness depends on the capacity of its industry to innРѕvate and upgrade. CРѕmpanies gain advantage against the
world's best cРѕmpetitors because of pressure and chР°llenge. ThРµy benefit from having strong domestic rivals, Р°ggressive hРѕme–based suppliers,
and demР°nding local custРѕmers (Harvard Business Review, The Competitive Advantage Of Nations, Michael E. Porter). The NР°tional Competitive
Advantage is basically an evaluation of hРѕw competitively a nation participates in international markets. Porter offers a diamond–shaped diagram to
outline the frР°mework of 4 key ... Show more content on Helpwriting.net ...
Porter) of the application of Porter's theory of competitive advantage of nationsвЂЁto the Japanese Fax Machine Industry. Japanese firms achieved the
dominance in this industry for the following reasons.
Japanese Factor Conditions: Japan has a relatively high number of electrical engineers per capita.
Japanese Demand Conditions: The Japanese market was very demanding because of the written language.
Large number of related and supporting industries with good technology, for example, good miniaturized components since there is less space in Japan.
Domestic Rivalry in the Japanese fax machine industry pushed innovation and resulted in rapid cost reductions.
Government support – NTT (the state–owned telecom company) changed its cumbersome approval requirements for each installation to a more general
type approval. To sum up, each of these four attributes defines a point on the diamond of national advantage, the effect of one point often depends on
the state of others. To my mind, Porter's Diamond is more relevant in understanding intra–industry trade of differentiated goods than other theories.
This relates in particular to competitive and dynamic industries where each element in Porter's Diamond would be very relevant in influencing product
change while other country–based specifics play a minimal

Is Innovation A Competitive Advantage?
Companies live and breathe innovation; or, at the terribly least, notice it basic to their success. Such companies are those that others ought to emulate
for they recognize that to do business, as Peter Drucker prompt in an exceedingly recent Harvard Business review article, "Every firm–not simply
businesses–needs one core competence: innovation." Innovation offers the companies a competitive advantage. Presently and within the future, more
than any time in history, the key to competitive advantage is innovation. However innovation will facilitate businesses meet all of their strategic
challenges, not simply competition; to illustrate, in confronting accelerating rates of change, globalization, apace advancing technology, a additional
numerous workforce, associated a modification from an industrial to a knowledge–based economy. Meeting all of those challenges helps the firm attain
competitiveness, and meeting these challenges suitably depends on innovation. Innovation allows a firm to workout its challenges in distinctive ways
in which build competitive advantage either through relative differentiation, a relative low–priced position, or few acceptable level of each. Innovation
cannot assure success, however success cannot be achieved within the end of the day without it. Core competency is said to resource allocation,
capabilities, knowledge, skills, and expertise along side price chain. It wants 3 elements: skills, resources and processes, and it is communication,

Blockbuster Competitive Advantage

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