Competitive Advantage

Strategic Management Chapter 4/Paper When is a companys warlike gain about likely to endure over clipping? Competitive advantage is the strategic value a line of work has over its rivals in a competitive environment. Michael Porter identifies ii basic types of competitive payoff; Cost gain and distinction reward. Cost advantage is when a barter can fling the same w atomic number 18/ answer as its competitors for a demean equipment casualty. Differentiation advantage is delivering get ahead that exceeds those of its competitors. A big region of having and sustaining competitive advantage is use the companys resources and capabilities to achieve a lower follow structure or to have a alone(p) product. Another air to sustain a competitive advantage is to develop employees. happy workers argon more essential in a bodacious than they ever have been due to the economic struggles this country and the tender-hearted race are having. Und erstanding what skills your employees have and need is an important part of this process. When employees feel engaged, motivated and satisfied in their jobs they are more productive which gives the company a competitive advantage. thither are many areas that companies can have a competitive advantage with the first that comes to mind being research and intent.

apple and Sony are two companies that have held their leadership using innovation as a competitive advantage. Access to working hood is other way to have a competitive advantage. Oracle, a hardware and software program company, acquired 57 companies in a five form period. They are at the top of their field of operat ions in their business and continue to grow ! because they have glide path to monies that other business do not. LANL and the DOE complex practice Oracle software for their Purchasing and HR functions. IKEA is a rush example of having a competitive advantage in the piece of furniture industry because they offer a quality product for a reasonable price and they have a customer service support agreement unlike any...If you want to get a full essay, line of battle it on our website: OrderEssay.net

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