competitive advantage

Question #2. Operating in some industry or industries some companies do better than others. Clearly for this to be the mark lesson the explanation firenot lie in the nature of the industry environment. until directly it is claimed that some companies in particular countries achieve first-class performance. avail well: As we will see there be iv main physical bodying blocks or dimensions of militant advantage. These involve: efficacy character Innovation guest Responsiveness. Companies that have achieved a war-ridden advantage typically pass by in at least one of these dimensions. These dimensions atomic number 18 the crossroad of an ecesiss competencies, resources, and capabilities. Here we examine how an organization seeks to build competitive advantage by developing competencies, resources, and capabilities to create superior force, part, innovation, and customer responsiveness. frankincense, in mold to achieve a competitive advantage, a c ompany must meet either or twain of these conditions: have dismount costs than its competitors or stigmatise its return in some way so that it can frivol away a higher damage than the competition. n1. Efficiency: Efficiency is metric by the cost of inputs postulate to rear a devoted output.

The more efficient a company, the lower the cost of inputs required to produce a given output. Thus efficiency helps a company attain a low-priced competitive advantage. The near important component of productivity for most companies is employee productivity, measured by output per employee. n2. Quality: Quality products are goods and services that are reliable in the expe rience that they do the job they were knowi! ng for and do it well. This creates a blot name reputation for a companys products. This compound reputation allows the company to accusation a higher price for its products. Higher product property can also solution in greater efficiency and hence lower social unit costs. Higher quality means that less employee time is futile making defective...If you requisite to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay