EBK OPERATIONS MANAGEMENT
EBK OPERATIONS MANAGEMENT
11th Edition
ISBN: 8220103630726
Author: RENDER
Publisher: PEARSON
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Chapter 2, Problem 7P
Summary Introduction

To determine: Ranking for global competitiveness in the following nations.

Introduction:

The global competitiveness of a nation has different policies and economic reforms. The index will assess the reforms which are aimed at improving the prosperity of the citizens every year. It will also assess how productively a country is utilizing its resources.

They measure the factors that create the sustainable trend, and reforms that help to create an increasing prosperity for the citizens. They are scored from 1 to 7 where 7 being the highest score of competitive index.

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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.
The reason is that some companies in the country are more competitive than others, expalin using porter's Diamond Model.
An industry's key success factors A) can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies.   B) depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.   C) are a function of market share, entry barriers, economies of scale, degree of vertical integration, and industry profitability.   D) can be determined through identifying an industry's dominant economic characteristics, assessing the five competitive forces,  and considering the impacts of the driving forces.   E) vary according to whether an industry has high or low long-term attractiveness.
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