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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
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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
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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
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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
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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
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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
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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
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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
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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 Helpwriting.net ...
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,
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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
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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,
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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
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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 the Lean 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
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Competitive Advantage
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
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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
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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
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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,
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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
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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 ...
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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
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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.
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Competitive Advantage Of Competitive Lead
Competitive Lead Competitive 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
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Porter's Competitive Advantage
Nаtionаl prоsperity is creаted, not inherited. It does not grоw out of a country's natural endowments,
its lаbor pool, its interest rates, or its currency's value. A nation's cоmpetitiveness depends on the
capacity of its industry to innоvate and upgrade. Cоmpanies gain advantage against the world's best
cоmpetitors because of pressure and chаllenge. Thеy benefit from having strong domestic rivals,
аggressive hоme–based suppliers, and demаnding local custоmers (Harvard Business Review, The
Competitive Advantage Of Nations, Michael E. Porter). The Nаtional Competitive Advantage is
basically an evaluation of hоw competitively a nation participates in international markets. Porter
offers a diamond–shaped diagram to outline the frаmework of 4 key ... Show more content on
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Porter) of the application of Porter's theory of competitive advantage of nations to 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
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Competitive Advantage
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
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Competitive Advantage
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
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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
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Competitive Advantage Of A Competitive
Competitive Advantage
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
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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
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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 Waste Management, 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
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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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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,
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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
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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
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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
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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 décor 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
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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
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The Competitive Advantage Of Zara
Zara, one of the world's largest apparel retailers, was founded in 1975 in La Coruna, 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
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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
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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
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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.
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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 chain analysis 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 –
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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,
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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
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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
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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
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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
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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
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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
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"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
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Aspca Competitive Advantages

  • 1. 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 ... Get more on HelpWriting.net ...
  • 2. 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 more content on Helpwriting.net ... 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 ... Get more on HelpWriting.net ...
  • 3. 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 ... Get more on HelpWriting.net ...
  • 4. 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 ... Get more on HelpWriting.net ...
  • 5. 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 ... Get more on HelpWriting.net ...
  • 6. 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 ... Get more on HelpWriting.net ...
  • 7. 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 Helpwriting.net ... 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, ... Get more on HelpWriting.net ...
  • 8. 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, ... Get more on HelpWriting.net ...
  • 9. 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 the Lean 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 ... Get more on HelpWriting.net ...
  • 10. Competitive Advantage 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 ... Get more on HelpWriting.net ...
  • 11. 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 ... Get more on HelpWriting.net ...
  • 12. 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 ... Get more on HelpWriting.net ...
  • 13. 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, ... Get more on HelpWriting.net ...
  • 14. 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 ... Get more on HelpWriting.net ...
  • 15. 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 ... Get more on HelpWriting.net ...
  • 16. 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. ... Get more on HelpWriting.net ...
  • 17. Competitive Advantage Of Competitive Lead Competitive Lead Competitive 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 ... Get more on HelpWriting.net ...
  • 18. Porter's Competitive Advantage Nаtionаl prоsperity is creаted, not inherited. It does not grоw out of a country's natural endowments, its lаbor pool, its interest rates, or its currency's value. A nation's cоmpetitiveness depends on the capacity of its industry to innоvate and upgrade. Cоmpanies gain advantage against the world's best cоmpetitors because of pressure and chаllenge. Thеy benefit from having strong domestic rivals, аggressive hоme–based suppliers, and demаnding local custоmers (Harvard Business Review, The Competitive Advantage Of Nations, Michael E. Porter). The Nаtional Competitive Advantage is basically an evaluation of hоw competitively a nation participates in international markets. Porter offers a diamond–shaped diagram to outline the frаmework of 4 key ... Show more content on Helpwriting.net ... Porter) of the application of Porter's theory of competitive advantage of nations to 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 ... Get more on HelpWriting.net ...
  • 19. Competitive Advantage 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 ... Get more on HelpWriting.net ...
  • 20. Competitive Advantage 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 ... Get more on HelpWriting.net ...
  • 21. Competitive Advantage Of A Competitive Competitive Advantage 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 ... Get more on HelpWriting.net ...
  • 22. 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 ... Get more on HelpWriting.net ...
  • 23. 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 Waste Management, 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 ... Get more on HelpWriting.net ...
  • 24. 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, ... Get more on HelpWriting.net ...
  • 25. 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 ... Get more on HelpWriting.net ...
  • 26. 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 ... Get more on HelpWriting.net ...
  • 27. 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 ... Get more on HelpWriting.net ...
  • 28. 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 décor 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 ... Get more on HelpWriting.net ...
  • 29. 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 ... Get more on HelpWriting.net ...
  • 30. The Competitive Advantage Of Zara Zara, one of the world's largest apparel retailers, was founded in 1975 in La Coruna, 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 ... Get more on HelpWriting.net ...
  • 31. 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 ... Get more on HelpWriting.net ...
  • 32. 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. ... Get more on HelpWriting.net ...
  • 33. 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 chain analysis 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 – ... Get more on HelpWriting.net ...
  • 34. 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, ... Get more on HelpWriting.net ...
  • 35. 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 ... Get more on HelpWriting.net ...
  • 36. 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 ... Get more on HelpWriting.net ...
  • 37. 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 ... Get more on HelpWriting.net ...
  • 38. 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 ... Get more on HelpWriting.net ...
  • 39. 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 ... Get more on HelpWriting.net ...