Competitive Advantage For Private Sector And Public Sector

A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or

A private sector business is a business that is part of the economy that is not state controlled. It is run by individuals and companies who are mainly for profit. These businesses are not owned or operated by government. An example of a private sector business would be ASDA. Asda Stores limited is an American owned, British founded supermarket retailer. The company has been a subsidiary of the American retail company Wal-Mart since July 1999, and is now the second-largest supermarket chain by market share (Corporate Watch 1996-2014).  The company provides normal goods for the public. They offer service to the public and strive for excellence business. I chose this example because ASDA is a large company that is aiming for profit and it is a private sector business.

2.Competitive Advantage – It includes the best product of an Organization in the competitive market.

Competitive advantage exists when a firm has strategy, product or an attribute that makes the firm capable of delivering similar benefit to that of competitors at a cheaper cost. Having competitive advantage is not enough the company should be capable of sustaining that particular competitive advantage for a longer period of time.

Michael Porter investigated why nations have a competitive advantage in specific industries his findings saw two basic types of competitive advantage that firms could pose low cost or differentiation. If you combine the two types of competitive advantage and allow room for a way in which firm wish to achieve them this will lead to three generic strategies which will achieve higher average performances in industries: cost leadership, differentiation and focus.

A Competitive Advantage is a peculiarity for an organization between it's competitors . It's achieved either by lowering prices or by greatening the value of the product or by offering luxury service and benefits to cope with high prices .

Competitive advantage is that a company has better ability in earning profit and profit growth compared to its competitors for the same group of customers in one industry.

This strategy explained that a company’s process of finding out competitive advantages in the market situation. To achieve competitive market advantages, Porter’s Generic strategy’s framework is used. Competitive environment has two aspects. The model’s three options should be considered within the competitive environment’s aspects. The first one is competitive advantages and the second one is competitive scope. The first one is developed to know whether the company’s product is different or the company follow the low cost leadership procedure. The second one is developed to know whether the company focus on wide market or narrow

Competitive advantage(CA) is an advantage competitors gain by providing or offering customers or consumers greater value for their money through product and service differentiation or through lower prices. Maintaining competitive advantage is crucial to many businesses or organizations' success in order to survive in the market. Competitive advantage is characterized by superior performance which could be an attribute to outperform the competitors whether current or potential; or gaining a higher market share in a particular industry thereby ensuring market leadership; or ultimately, maximization of profit.(JOBBER 2010)

Private Sector Organizations: Private Sector Organizations operated and owned by the private individual instead of government and usually aimed to make profit for its shareholders. Around the world the most business activities are in private sectors. Some of the well – known private sectors organizations are: Coca-Cola, Google, and Amazon.

When we examine public sector versus private sector, plenty of differences come to mind. In defining each, we learn a private sector in an economy consist of all businesses and firms owned by ordinary members of the general public. It also consists of all the private households in which people live. The public sector in an economy is owned and controlled by a government. It consist of government businesses and firms and goods and services provided by the government such as the national health service, state

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).

convenience of location’ (Queensland government, 2016). As Resource-based view (RBV) theory holds that the competitive advantage and superior performance

*  A competitive advantage is one that distinguishes a firm or a business from the competitors in the minds of the customers. It also refers to the state or ​condition that make a ​business more ​successful than the ​businesses it is ​competing with, or a particular thing that makes it more ​successful such as having a higher sales through offering low or affordable goods and services.

exists when the firm is able to deliver the same benefits as competitors but at a