The Sustainability Of Competitive Advantage Among Competitors

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

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.

Good business strategies allow a firm to gain and sustain a competitive advantage over its rivals. Broad generic business strategies can have risks and drawbacks. In a broad generic differentiation strategy, firms run the risk of the product becoming commoditized, and the competitors have matched the quality standards of the product, which then shifts the focus to price. Also, firms need to control costs, and if its differentiated features raise costs but not perceived value in the consumer’s minds, they lose their differentiated status, according to Rothaermel (2017). Profit margins are eroded when costs increase. Another risk for a broad generic differentiated or cost-leadership strategy occurs when consumer’s taste change. With a

Is sustainable competitive advantage possible, and how can technology be used as its catalyst? This is the question that has vexed managers and business leaders for decades. According to Michael Porter, the answer lies in how technology is used. In this Case Study Report, Team 3 discusses how Mrs. Fields, Inc. leveraged technology for strategic positioning. Mrs. Fields, Inc. did not create the sweet snack industry, but it was the company’s innovative use of technology that helped the company sustain a competitive advantage over other companies vying for those same impulse snack dollars.

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

Competitive advantage is really a position that the company makes return upon its investment that is higher than the price of the expense. Competitive advantage ought to be relevant, distinctive, and environmentally friendly. The word competitive advantage may be the ability acquired through characteristics and resources to do at a greater level compared to others within the same business or marketplace. It is essential mostly simply because that aggressive advantage can make sure that a organization earns extra returns for a longer time of period. Almost just about all businesses need to face rigid competition using their business competition in almost any market these days. Having a benefit over them is not enough to ensure the organization

Several companies strive for a competitive advantage, but very few understand what it is, how to achieve it and how to actually sustain it. Competitive advantage can be viewed as any activity that creates superior value above its rivals. The best competitive advantage is a strategy that cannot be copied by other companies. Competitive advantage can be achieved by offering consumers a better value than the competitors, such as by offering lower prices, or by providing quality services that justify a higher price.

According to Michael Poter (cited in David 2011) the value chain can be best described as “the business of a firm, in which total revenues minus total costs of all activities undertaken to develop and market a product or service”. A strategic cost analysis “is the process whereby a firm determines the costs associated with organizational activities from purchasing raw material to manufacturing products to marketing those products” (David 2011, 119). The goal of this analysis is to determine whether or not a company has a competitive advantage over its competitors. This is done by identifying where, low-cost advantages or disadvantages that exist anywhere along the value chain from raw material to customer service activities. Also the strategic cost analysis also enables the company to better identify its own strengths and weaknesses.

This TPA will discuss about four competitive strategies according to Porter’s five forces model. Furthermore, this TPA will also use the model to help a Malaysian business partner in order to gain competitive advantages and to sustain those four competitive strategies.

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

Describe your company’s business strategy and competitive advantage. Building on your initial work, choose an expatriate position you consider critical for the success of the new subsidiary, considering your company’s business strategy and competitive advantage. The description of your company, its business strategy, the location of the foreign subsidiary and the expatriate position forms the first part of your coursework.

Millennials are on the verge of being the largest transfer of wealth in the history of the world. This group account for nearly $30 trillion of spending. One aspect that is interestingly unique to this group is that they are well versed on where they spend their dollars. Millennials prefer to do business with corporations and brands with pro-social messages, sustainable manufacturing methods and ethical business standards. (Landrum, 2017) Millennials are recognizing that they will inherit the earth and they are invested in keeping organizations honest, ethical, and socially responsible. Organizations hoping to capture this group’s loyalty and be competitive will need to invest in bettering society and the environment. The companies will need to be transparent in their marketing efforts about how they

At the outset, this paper aims to establish what constitutes a sustainable competitive strategic advantage, and the methods through which this can be achieved. Barney (1991) in his research established that a company is able to develop and sustain a competitive strategic advantage when it implements value creating strategies that are unique to the company, and when the benefits of these strategies are difficult to duplicate. Based on this definition, this paper identifies customer loyalty, acquisition of high quality staff, building brand value, and keeping up with consumer trends as four crucial methods to creating a sustainable competitive strategic advantage. Through the use of practical examples and supporting research, the ways in which social media can help companies achieve these sources of competitive advantage will be explored.

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)

“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.