Impvantages And Competitive Advantage

Information systems interact with the organizations and influences the organization in many aspects of the whole organizational structure to the daily behavior. Information systems can enable strategies in four aspects including low-cost leadership, product differentiation, focus on market value and strengthen customer and supplier intimacy.

I believe that the United States has opportunities that will help increase the national competitive advantage that it has over other countries in the world because the United States is finding ways to manufacture goods at a high rate to satisfy the needs of the consumer. I find that businesses such as Honda and Toyota have to compete at a high level in order to attract the services of the consumer who is looking to buy a new car that they feel they are wanting to have for a long while. They will usually innovate with new car models that will necessarily have new features that the predecessor before it didn't have and will be able to negotiate a deal with the consumer to buy it. I find that companies will use under-handed techiques to try and

The company markets its unique products to youth markets which it feels are underrepresented and inadequately reached by its competitors. The company uses innovative and creative, and it effectively set Jones Soda apart from the competition. By allowing consumers to assist in package design, Jones Soda became a brand that concerned itself more with the consumer than with the actual product. This has made consumers feel more relevant, has given them a sense of ownership over the brand, and has encouraged customer loyalty. Due the field is so competitive with several ways to stay competitive in their designated field. Through distribution, brand name, brand image, price, labeling and packaging, advertising, quality of the beverage, and new ideas they have accomplished this. Jones Soda competes for customer appreciation, retail shelf space and for marketing focus by their distributors, who also distribute other beverage brands. Jones Soda currently distributes their products in several retail outlets. These outlets include Barnes and Noble, Panera Bread Company, Cost Plus World Markets, Starbucks and Target Corporation. As well as these mature locations, Jones Soda also distributes to other independent vendors.

This paper explores the “application of theory of comparative advantage in Vietnam’s export and import and the gain and loss of the economy in trade”.

1. What is competitive advantage, and how does it relate to a company’s business model?

One of the most powerful propositions of classical trade theory is that the pattern of international trade is determined by comparative advantage. That is, a country with the comparative advantage in a given commodity exports, and the other with the comparative disadvantage imports. Adam Smith has founded the comparative advantage originates theory, and there have been numerous attempts to identify the economic conditions that determine comparative advantagelet us began with Adam Smith theory, and then we will discuss one correction of this theory was founded by Palley’s (2008), which is an observation the modern view of comparative advantage.

This paper is going to summarize the article Revealed Comparative Advantage and Competitiveness: A Case Study for Turkey towards the EU written by Vildan Serin and Abdulkadir Civan. The study based on the theory of comparative advantage established by the British economist Ricardo in the early of the 19th century. The Ricardian model assumes that productivity of labor is different from country to country and the country exports the goods in which it has a comparative advantage.The study attempts to examine the comparative advantage of Turkey in the tomato, olive oil and fruit juice industries over Italy, Greece and Spain and how its comparative advantage changes over the period of 1995 to 2005. Besides, the authors hypothesize that the prices

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

Smith’s assumption of invisible hands of the market was subjected to criticisms from the second half of the nineteenth century. Some of the critics were related to the situation in which two countries might benefit from trade with each other although one holds an absolute advantage over the other in the production of all goods. The explanation of this situation became known as the “theory of comparative advantage”. According to Ricardo if a country does not have an absolute advantage in any good, this country and all other countries would benefit from international trade, in which each country specializes in the production of those goods in which they have the greatest absolute advantage or the least absolute disadvantage (Husted & Melvin, 2007, pp. 60-61).

In the current scenario, most of the countries are facing this problem and are trapped in this vicious circle. Due to lack of investments, there are a few industrial setups in the country which in turn results in lack of opportunities for individuals in the society and as a result, skilled labour is forced to move to other economies leading to a massive brain drain which further results in deficiency of skilled labour and, ultimately the competitive edge is lost.

Competitive advantage is defined as a condition where a company is in a favorable position in order for it to be more profitable than its competitors. This can be done by selling the same goods as its competitors at a lower price or providing goods that give a greater value, which mean a high-quality product through differentiation (Business Dictionary, 2015). Every company needs to identify its competitive advantages in order for an organisation to be able to gain profit and to continue the business for a foreseeable future. Information systems (IS) have played an important role in helping organisations to achieve their objective and goals. Kroenke and Hooper (2013) suggested that, by recognizing the competitive strategy, it can determine the structure,

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).

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

If a value creating strategy is implemented by an Organization and it is not being implemented at the same time by another organization, one can say the organization has a competitive advantage over its competitors. It is imperative for a firm to choose the height of competitive advantage it wants to attain in the industry. An organization must aim to initiate a profitable and sustainable spot against your competitors in the same industry.

Competitive advantage is the most important aspect of any successful business. Competitive advantage has an ever-changing finish line and companies must ensure that the continually improve their competitive advantage. Businesses must have a generic strategy that is reflected in the cost or differentiation of their product or service. The value proposition must solve a problem that the customers have and must be something that customers are willing to pay for. The value proposition will determine the resources and processes that the company will use and in turn, affect the profit business model which will need to provide profit to the company above the break even amount.