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A company achieves sustainable competitive advantage when:
Answer
D) its strategy and its business model are well-matched and in sync.
C) it is consistently able to achieve both its strategic and financial objectives.
B) it has a profitable business model.
A) an attractive number of buyers have a lasting preference for its products or services as compared to the offerings of competitors.
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- Give typing answer with explanation and conclusion What are CrossFit’s core competencies that give the firm a sustainable competitive advantage? Identify and explain each factor.In relation to Burger King and Carl's Jr. Provide conclusions about both companies and recommendations on how they can be more competitive (considering their competition as a basis).Select a business organization and describe its competitive environment for the products or services. What are the implications of this for the selected organization?
- A competitive strategy identifies how to build and strengthen the business’s long-term competitive position in the marketplace. If your school assigned you to decide the competitive strategy, which of the three strategies will you choose and give your opinion to support your argument?The three strategic approaches to competitive advantage are____, ____, and _____.Sustainable Competitive Advantage In general, capabilities and resources become strengths with the potential to create a competitive advantage if the following conditions are met: The resources or capabilities are valuable. They allow the firm to exploit external opportunities and/or neutralise external threats. If a firm’s resource or capability allows exploitation of opportunities or neutralisation of threats then it is considered a strength. 2.The resources or capabilities are unique. If only one or a small group of organisations possess a valuable resource or capability, then that resource or capability may be a source of competitive advantage. If numerous organisations possess a particular resource or capability, then the situation is described as competitive parity – no company has the advantage. 3.The organisation must be suited to the exploitation of the resource or capability. This means that the structure and systems of the firm are appropriate for taking advantage of the…
- Sustainable Competitive Advantage In general, capabilities and resources become strengths with the potential to create a competitive advantage if the following conditions are met: The resources or capabilities are valuable. They allow the firm to exploit external opportunities and/or neutralise external threats. If a firm’s resource or capability allows exploitation of opportunities or neutralisation of threats then it is considered a strength. 2.The resources or capabilities are unique. If only one or a small group of organisations possess a valuable resource or capability, then that resource or capability may be a source of competitive advantage. If numerous organisations possess a particular resource or capability, then the situation is described as competitive parity – no company has the advantage. 3.The organisation must be suited to the exploitation of the resource or capability. This means that the structure and systems of the firm are appropriate for taking advantage of the…Identify and briefly describe the four most frequently used strategic approaches to achieving a sustainable competitive advantage. Provide examples.Discuss the following for the Volkswagen Group: Where along the value chain does your firm have uniqueness and a competitive advantage—and how will your proposed recommendations enhance the firm’s competitiveness? Are revised vision and mission statements needed given your strategic plan for the firm?
- Describe at least 5 strategies companies can use to achieve competitive advantage in their insdustry. (Competitive Weapons, Links with Business Partner, Cost reductions, Relationship with Supplier and Customer, New Products)4. A key to build a sustainable competitive advantage.A. Employer B. Manager C. Team Leader D. Employee 7. All are included in a Strategic Management tasks performed in a retail firm except;A. Identify the Target Market B. Develop a Retail strategy C. Budget Planning D. Select Location 10. A place organized to implement specific business operations of the Retail Organization.A. Market B. Income C. Business D. Location 13. All are included in a Merchandise Management tasks performed in a retail firm except; A. Buy Merchandise B. Merchandise Strategy C. Price Merchandise D. Control Merchandise Inventory 14. The Most valuable resources in Retail business organization.A. Financial Resources B. Equipment C. Human Resources D. Technology 15. A typically enclosed place, a building or a group of buildings that houses a variety of…Competitive Options Companies have five competitive options available to them. Take a look at each of the following companies and explain their competitive strategy in terms of the five options. Also, give an example of how companies in the same industry compete. (For example, Rolls-Royce competes with high quality while Kia competes with the price.) Competitive Strategy Five Options: Cost Quality Time Flexibility Innovation Companies: Disneyland Apple Nordstrom’s