Competitive Advantage Essays


Learning Organization

minds of both employees and clients (Peacock, Carson, & Marquardt, 2016). Although a formidable learning culture provides a reliable competitive advantage, Are de Geus, the head of strategic planning at Shell Oil Company, also a professor at the London Business School, says that such culture is, in fact, a critical asset for the corporate entity (Peacock, Carson, & Marquardt, 2016). The coach is the umpire that oversees learning. The coach is an essential component of the team. The coach is charged with setting the tone, boosting team performance, enhancing competencies, managing time, fostering reflection and identifying what should and or… Continue Reading...

Planning the Future at Galaxy Toys

have a reputation for ingenuity, durability, playability, safety, affordability, and action; which has been a crucial source of competitive advantage for the company in the rigorously competitive toy market. The company's competitive advantage further stems from the uniqueness of its toys. Rather than the ordinary toys, the company mainly manufactures space-related toys. This largely reflects the company's mission, which is "to create toys that inspire children all over the globe to dream of space exploration and provide a yearning to achieve that dream." Some of the company's most popular products include the Apollo Space Rocket, the Canaveral building set,… Continue Reading...

Leadership and Change Management

problems may be experienced if an organisation in an attempt to accelerate growth or enhance competitive advantage merges with an organisation with a significantly dissimilar culture. Organisations with a well-established culture often connect their vision with the underlying culture in order to succeed in the marketplace. At times, leaders are even compelled to adjust organizational values, beliefs, practices, and other elements of culture to ensure alignment between the organisation's culture and strategic vision (Flamholtz & Randle, 2011). Therefore, organisational culture is one of the most important aspects a leader should consider when crafting the vision of the organisation. Question… Continue Reading...

Strategic Policy and Planning at Dell Computers

efficient in the industry in terms of procurement, manufacturing, and distribution. The company's competitive advantage further stems from its strong brand presence worldwide, creative advertising, unparalleled e-commerce capabilities, an increasingly diversified product portfolio, and excellent customer-service. Other strengths include quality- and cost-driven partnerships with suppliers, strong financial performance, localized manufacturing, rigorous quality control systems, as well as visionary leadership under its founder Michael Dell. Despite these strengths, a number of weaknesses cannot be ignored. For instance, the company has historically paid little attention to the consumer market -- its sales are largely driven by business and institutional clients. This… Continue Reading...

Supply Chain

of supply chain activities. The objective with logistics is customer satisfaction while it is competitive advantage when it comes to supply chain management. There is only one organization affected when it comes to logistics while supply chain management affects multiple organizations. Inbound logistics is about the activities that are related to procurement, handling, storage and transportation. Outbound logistics refers to collection, maintenance and distribution or delivery to the final consumer. Supply chain management has an obviously wider scope than that as it relates to things like raw materials, movement of finished goods and the multiple dimension approach that goes… Continue Reading...

The Role Of Medical Assistants in Claiming Reimbursement

what distinguishes us from our competitors and provides us with a competitive advantage that is needed to expand our healthcare services in the future. Please also know that we recognize the need for additional training to help you acquire the customer service skills that are needed for this outcome. As Bowers (2010) points out, "Just because that person you met at the fast food restaurant or gym seemed to have a great personality, that does not mean he or she is knowledgeable about patient relations, customer service, or insurance claims processing" (p. 41). In sum, not only do we… Continue Reading...

Diversity Management

and objectives to HRM. From this basis, diversity management can be a crucial source of competitive advantage for an organization. From a resource-based perspective, diversity management is vital for creating a rare and inimitable pool of human capital (Yang & Konrad, 2011). By taking advantage of a diverse pool of ideas, skills, capabilities, and experiences, an organization can more effectively develop and implement business strategy. This can ultimately drive critical organizational outcomes such as innovativeness, market share, as well as financial performance. Viewing diversity management from a strategic perspective may also be important for building positive relationships between an… Continue Reading...

Activity Based Costing at Amazon

services. If properly implemented, ABC can deliver significant benefits to an organization, especially with respect to business performance and competitive advantage (Cokins, 2001). Focusing on Amazon, this paper discusses the use of time-driven ABC in e-commerce activities. First, a brief background of the organization is provided. Next, attention is paid to how a time-driven ABC system can be implemented in the organization and the associated benefits on business performance. The paper then examines how the ABC system can create competitive advantage for the organization in the marketplace as well as the potential impact of the system on online services… Continue Reading...

Strategies for Achieving Competitive Advantage

Business Operations in Your Organization: Strategies for Achieving competitive advantage Organization Selected The company I have chosen to examine is Walmart Stores, Inc. Walmart Store Inc. became originally established in the year 1945 and is in the present day undertaking its operations in retail stores in over twenty seven countries. The company is split into three key segments. These are Walmart International, Walmart United States and Sam's Club. The business undertaken by Walmart as a company encompasses restaurants, superstores, retail stores and also warehouse clubs. The company also undertakes e-commerce… Continue Reading...

Rebranding at Reebok

largely untapped. This has created a unique brand positioning, which will be a crucial source of competitive advantage for the company in the long-term given the growing fitness market. According to Norman (2014), the new focus embodies a sense of community, which is vital for enhancing brand loyalty and brand equity. If the new focus is properly maintained and brand promise effectively delivered, the rebranding is likely to be a game changer for Reebok. The fruits of the rebranding exercise have already been reaped. Six months after rebranding, Adidas announced a 22% growth in sales, an indication that the… Continue Reading...

Espn and Nba Deal

coupled with increased access of the network's programming via digital platforms, ESPN's competitive advantage in the long run will be boosted. For instance, the company may be better placed to charge more for franchise agreements as the deal is likely to increase revenue potential. This is a particularly important point of consideration as the business of franchising is heavily dependent on a proven business model -- a model with immense and established potential for revenue. Due to increased revenue potential, new firms may be interested in acquiring franchise rights, which would ultimately increase ESPN's exposure across the globe. More… Continue Reading...

Organizing and Leadership Theories

a constantly evolving environment, in which agility is a crucial parameter of competitive advantage (Felin & Powell, 2016). Organizational structure also shapes relationships between superiors and subordinates (Shafiee, Razminia & Zeymaran, 2016). There are different ways through which the organizing function may be executed. For instance, organizational structure may adopt either the centralized or decentralized form. The former entails concentrating decision-making authority in top organizational positions, while that latter involves distributing decision-making authority to lower levels of the organization (Bunderson et al., 2016). Organizational structure may also take the vertical or spatial form. A vertical organizational structure entails a… Continue Reading...

Al Sadeem Landscape Strategic Analysis

importantly, the company has established strategic partnerships with other players in the industry in an effort to enhance its competitive advantage. For instance, the company entered into a joint venture agreement with FLORA, a company with over 12 years' experience in landscaping, green house hydroponics, and sports facilities. The agreement was intended to expand the company's landscaping works for landscape and sports facilities. The company also signed a MOM agreement with MAAIL with the aim of expanding its operations in the areas of soft and hard landscaping, water features, irrigation systems, as well as rubber flooring. These partnerships add… Continue Reading...

Project Management

currently interested in acquiring or merging with a suitable rival to improve its market share and competitive advantage. The merger or acquisition process is often not an easy undertaking. It requires proper planning and execution. With the application of project management concepts, however, the process can be easier. This report analyses the relevance of various project management concepts to the merger or acquisition process. Attention is particularly paid to the project environment, project definition, time and cost estimation, project plan, risk management, resource scheduling, project team issues, and project performance management. Organisational Setting and Project Environment The organisational setting… Continue Reading...

Marketing

market to offer a feature like this, it gains tremendous competitive advantage. With continuous improvement, the company has a chance to appeal to its customers by demonstrating that it cares about them. Further, future improvements will take advantage of new technology and so will be far superior to the initial roll out (Curd, 2015). Pricing Strategy Coca-Cola enjoys huge market dominance with the biggest market share of non-alcoholic beverages. Lately, pressure from rising competition has made customers very sensitive to price changes but sales volume at the company remain high with profit margins per unit reducing. This calls for… Continue Reading...

Business Leadership and Organizational Change

ability to adapt to change has been termed as an important source of competitive advantage in today's world (Nehar, 2013). This largely explains why the subject of change management has attracted a great deal of scholarly attention in the last few decades. Nonetheless, managing change may often not be an easy undertaking for organisations. If improperly managed, change may not generate the desired outcomes. In fact, many change initiatives have failed due to ineffective management. Effective change management is important for thriving in a rapidly changing environment (Nehar, 2013). Organisations face increasingly complex change, underscoring the necessity of effective… Continue Reading...

Technology Adoption in a Call Center Enterprise

Call centers have become a very vital component of business today and employ several million people the world over. Their increasing role and place in operations have made them a target for researchers looking to study operations management. This has been the case in several fields including capacity planning, personnel scheduling, queuing and forecasting. Further, with the advancement of information technology and telecommunications, new challenges have arisen that call centers all over the world have to face and various technologies have complicated the operations of call centers (Aksin, Armony & Mehrotra, 2007). Operation Technology (OT) helps in the creation of… Continue Reading...

An Indepth Analysis Of Diversity Management

this topic. 2. Diversity is a tool for productivity and competitive advantage By means of individuals' collective and concentrated endeavors, material and financial resources are utilized to accomplish corporate objectives. However, there is a need to hone such efforts, capabilities and attitudes every now and again so as to optimize HR efficacy and help them tackle bigger challenges. No company can progress an inch without a workforce. Hence, HR management, which deals with handling companies' human component such that corporate aims and targets are attained and, simultaneously, personnel grow personally and intellectually and are satisfied with the company, constitutes a… Continue Reading...

Developing, Managing, and Operating a Retail Business

to other alternatives. Collecting customer information, therefore, will provide an important opportunity for the store to improve its competitive advantage. With a comprehensive understanding of the target market and their needs, the store would be better placed to decide which consumer segments and merchandises to focus on. Recruiting and Training New Staff The store will require an additional workforce. Two new part-time and two new full-time employees will be needed to support the operations of the store. Recruiting can often be a costly and time-consuming undertaking for businesses. Owing to the small size of the business, it will be… Continue Reading...

Diversity Socialisation for Newcomers

The organisation could be at a considerable disadvantage given that workplace diversity has increasingly become a vital source of competitive advantage for organisations of different sizes and in diverse sectors and industries. Though research in this area has provided mixed findings, organisational commitment to workplace diversity has been shown to have a positive impact on creativity and innovation as well as organisation productivity and performance (Mcmillan-Capehart, 2005). If XYZ is to successfully embrace workplace diversity and embed it into its culture, there is need for a change in the way it socialises new employees. This paper explains why it… Continue Reading...

Facebook Web Presence Analysis

companies. The active users from the competitors are also rising. competitive advantage The Facebook brand positioning is to connect people with their friends as well as others who live, study, and work around them. Overview of Facebook reveals that the company has achieved sustainable market advantages by allowing users to communicate with one another. Typically, Facebook has allowed old friends and old loves reuniting together. Many businesses have achieved competitive market advantages from Facebook because the website allows companies to post their website free of charge. However, the competitors are likely to emulate the strategy employed by Facebook based on… Continue Reading...

Supply Chain Strategies

Research indicates that supply chains help organizations attain competitive advantage. In turn, the successes or letdowns of such supply chains are determined in the open market by the end consumers. Rendering the fitting product, at the fitting price, at the fitting time to the consumer is not only the fundamental aspect to competitive success but also the vital element to survival (Christopher and Towill, 2001). Owing to the fact that the intricacy of supply chains in the present day, partly as a result of globalization and out-sourcing, the… Continue Reading...

Cash Rich Company Analysis

clear how this development assists in the attainment and maintenance of competitive advantage within the wider marketplace" (Highes, 2016, p. 93). Company A wants to go to the next level hence the decision to let Company B. acquire them. If Company B. shares the ways they became successful and provide training opportunities for Company A employees, this may help bridge the gap of standards while also creating a connection. This can work both at the executive and employee level. The next step is restructuring. Company A operates vastly different from Company B. If Company A continues performing the way… Continue Reading...

Maison Lanvin Company Analysis

$321 million (250 million euros) in 2014. b. Analysis of company's competitive advantage on creativity: is it sustainable? What makes the company unique in the fashion industry? Brown, (2016) argues that innovative leaders can turn a creativity into competitive market advantages. While creativity and innovative is very critical for the success of an organization, the technological innovation and digital marketing has made new competitors emerge disrupting fashion companies faster than before. For example, the technological innovation is creating a new business while destroying the old businesses. Despite the influx of technological innovation in the fashion business, creative ideas are still… Continue Reading...

Project Management Infrastructure

in Encouraging Innovation Innovation is perceived as a vital component to create competitive advantage. At a strategic level, innovation involves new, more well-organized or efficacious means of undertaking things. On a strategic level, innovation lays emphasis on acumen and awareness. Both of them are dependent on an imaginative reaction compelled by necessity and framework (Mihailidis et al., 2011). Project Support Offices play a vital role in encouraging innovation within the organization. To begin with, the core function and purpose of a PSO encompasses organizational provision of the essential supporting infrastructure and services to make certain that the portfolio of programmes… Continue Reading...

Strategic Importance Of Outsourcing in U.s. Manufacturing Company

few defects by outsourcing part of their business activities. "Toyota is not alone. More and more, companies are recognizing the competitive advantage that springs from the manner in which they work with their partners. Even powerful Microsoft Corp. has to rely on companies around the world to localize and translate its products in markets as diverse as those of China, Chile and the Czech Republic".( Dyer, Hatch, 57). Discussion and Conclusion The outcome of the essay reveals that firms' decision to outsource part of their business process cannot be reversed because the financial benefits companies derive from outsourcing are more… Continue Reading...

Demand Planning

distributors, unnecessary costs, and poor financial performance emanating from poor demand planning may hinder market share growth, expansion, competitive advantage, and other long-term objectives. Conclusion Overall, demand planning is an important ingredient of organisational success. It influences supply chain effectiveness, capacity utilisation, engineering processes, inventory sufficiency, operational and administrative costs, as well as relationships with distributors and customers. These aspects affect organisational performance in either directly or indirectly, in the short-term or in the long-term. It is, therefore, imperative to ensure effective demand planning. References Barr, D. (2002). Challenges facing a demand planner: how to identify and handle them.… Continue Reading...

Information Technology Goes on and on

and a survival tool. They are strategic in that they are a viable means to effect competitive advantage. They are survival tools because one must have them to serve customers today. Information Silos Information silos are individual databases or data marts not connected to other data assets (Harper, 2016). Enterprise integration application systems and ERP systems provide a holistic means of organization-wide integration with top down views. Topic 2: Customer Relationship Management CRM systems help organizations by mastering data pertaining to a specific domain, typically customer or product (Harper, 2016). They provide a centralized platform for this data with… Continue Reading...

Capital Investments in Emerging Markets

projects for your selected company. Suggest how this approach can provide a competitive advantage for the company Sensitivity analysis is a methodology employed for predicting the result of a decision taking into account a particular range of variables. The technique is utilized to ascertain the manner in which various values of an independent variable can have an influence on a certain dependent variable under a certain number of assumptions (Weygandt et al., 2012). General Electric Company operates in various business segments such as transportation, aviation, oil and gas, power and water. The company endeavors to invest in various projects… Continue Reading...

Small Local Business Marketing Plan

culture. Therefore, Toshi Dream Spa and Salon has solidified a competitive advantage in the community. Because of their unique branding, social media maximization, and collaboration with local artists, Toshi Dream Spa and Salon has become more than just a place where customers come for their services and treatments. The business has become like a local institution. However, the recent success of Toshi could be a passing phase or trend. Toshi Dream Spa and Salon needs to insulate itself from changes in the market. The market may be fickle and changeable, or the technologies and tools of social media marketing… Continue Reading...

Significance Of Effective Logistics Management at Mcdonalds

significant attention because of the emergence of new technologies and strategic alliances that are geared towards enhancing an organization's competitive advantage. For global companies like Mcdonalds Corporation, logistics management is vital for gaining access to new markets, taking advantage of technological competencies for overseas operations, and enhancing production efficiencies. This paper examines the importance of effective logistics management with regards to smoothing material flow, lessening inventory costs, and enhancing responsiveness across the supply chain. This analysis is done using Mcdonalds Corporation and challenges in its modern supply chain. McDonalds' Modern Supply Chain Problems McDonalds' Corporation, which is the largest… Continue Reading...

Innovation Best Practices

the organisation values innovation. It sees innovation as a key driver of competitive advantage in today's world. Overall, commitment to innovation is crucial in today's highly dynamic world. With technology, regulations, markets, and consumer behaviour changing constantly, organisations must remain innovative, both product- and process-wise. Instances of firms collapsing due to poor innovation strategies are not rare. Succeeding in innovation requires businesses to continuously challenge the prevailing industry conditions, anticipate the tastes and preferences of their customers in the foreseeable future, and embrace values and beliefs that prioritise the customer. In other words, businesses must ask the right questions… Continue Reading...

Rivalry Strategy Tool

the growth, development and success of the company (Manzella, 1997). Impact of Accounting for Gaining and Sustaining competitive advantage on the Success of Business Strategy Development In the framework of competitive international setting and technology-centered establishments, managers of organizations are increasingly stressed to obtained different ways of sustaining their competitive advantage. competitive advantage is attained when a company gains possession of attributes that enable it to perform at a higher level compared to other companies in the similar industry. These benefits are not easily imitative and therefore can be maintained for lengthy periods of time (Beheshti, 2004). Accounting has a… Continue Reading...

Fujitsu Limited Case

Successful Innovation: The Case of Fujitsu Limited Innovation, both product- and process-wise, has increasingly become a crucial source of competitive advantage in today's business world. Organisations that continually reinvent their products and processes in accordance to environmental dynamics achieve greater success in the marketplace compared to those that pay little or no attention to innovation (Beyene & Wu, 2016). Successful innovation, however, is predominantly dependent on an organisation's business strategy (Hajar, 2015). A firm's strategic orientation determines the extent to which it introduces new products or new ways of doing things. In other words, without the right strategy, an organisation… Continue Reading...

Types Of Information Systems for Startup Business

and Allowing the firm to provide more appropriate and customized customer services. Big Data and Operational Data for competitive advantage Big data utilization is growing into a critical means for ensuring leading organizations outdo rivals. In a majority of sectors, both fresh entrants and established firms take maximum advantage of data-guided strategies for innovating, competing, and capturing value. In fact, initial examples of this kind of data utilization were seen in all studied sectors. In the healthcare domain, information pioneers analyze health consequences of widely-administered/prescribed drugs and identify risks and advantages not apparent in necessarily narrower clinical trials (LaValle et… Continue Reading...

Strategic Planning

Benefits of Long-Term Strategy & Retreats? Chron. Retrieved from: http://smallbusiness.chron.com/benefits-longterm-strategy-retreats-12871.html David, F., & David, F. R. (2016). Strategic Management: A competitive advantage Approach, Concepts and Cases. Heskett, J. (2013). How Relevant is Long-Range Strategic Planning? Harvard Business School. Retrieved from: http://hbswk.hbs.edu/item/how-relevant-is-long-range-strategic-planning Latif, B., Gohar, F. R., Hussain, A., & Kashif, M. M. (2013). Barriers to Effective Strategic Planning. Stud, 1(2), 16-21. National Child Welfare Resource Center. (2016). Four Stages of Strategic Planning. Retrieved from: http://muskie.usm.maine.edu/helpkids/pubstext/Four%20stages%20strategic%20Planning.pdf Continue Reading...

Ikea Invading America

lower. This low-cost approach without a doubt gives the company significant competitive advantage in the marketplace. More fundamentally, the company is able to more easily identify market opportunities. Following price determination, the company then selects the manufacturer to produce the product, clearly emphasizing quality materials, product specifications, and cost efficiency. The next stage involves designing the product, a process that involves both internal personnel and external expertise. The design process takes into consideration factors such as price, functionality, materials, and manufacturer capability. This ensures customer preferences remain the priority throughout the entire production process. The design process does not… Continue Reading...

Strategic Plan

identified as an appropriate route for achieving this route. This will be important for improving the firm's competitive advantage in the marketplace. New Product Launch The new product to be introduced is a consumer drone, dubbed as the Super Drone. The introduction of this product is particularly informed by the increasingly promising consumer drones market. Also, known as unmanned aerial vehicles (UAVs), consumer drones have gained prominence in the last five years. In that short period of time, the use of consumer drones has transformed from a hobbyist affair to an everyday phenomenon. Drones now have applications in diverse… Continue Reading...

Introduction to Global Business

Stateless corporations pinpoint their essential corporate functions and top executives in various nations to attain competitive advantage through access to talent, capital, low expenses, or closeness to their most significant consumers. Organizational structure is the formal system of assignment and power relationships that control how individuals bring together their actions and utilize resources to accomplish organizational goals. It permits for activities based upon a division of labor by setting up functions and tasks into various departments, standards or specialty. It enables harmonization and assimilation of activities through ranked management, official rules and procedures, teaching and socialization. In addition, it… Continue Reading...

Multinational Companies

and Harzing (2003), MNCs are significantly dependent on the local environment for their competitive advantage. This explains why it is not difficult to observe considerable differences in subsidiaries owned and/or operated by the same MNC. These differences in large part stem from adjustment to local conditions. For instance, given the underlying cultural, institutional, and political factors in the local environment, an American MNC may choose to have different performance management strategies in China, Brazil, India, and South Africa. Equally, rather than using ethnocentric staffing, the MNC may use polycentric staffing, which involves filling key management positions with locals (Yu,… Continue Reading...

Supply Chain Balanced Scorecard

the key ingredients for any successful business is the ability to gain competitive advantage via leveraging of performance-based measurement. To maintain high productivity levels and employees, make customers happy, and increase profits, a company must recognize and understand its weaknesses so it can improve general performance. Assessing performance gaps and planning initiatives to address any identified performance problems should be priority for organizational effectiveness to remain consistent. To do this, a company can adopt a basic four-stage performance measurement process, offering the obligatory competitive advantage and avoiding too much energy diverted from regular company processes. This four-stage process is… Continue Reading...

Argos Shipping Company Business Plan

Business Plan for Argos Shipping Company The proposal attempts to inaugurate a new shipping business to meet the demand for an overwhelming increase in the shipping services. Moreover, an increase in the level of international business has led to a rapid increase in demand for shipping services that offer reliability, convenience, speed, and promise. Moreover, the shipping industry is rapidly changing and growing because of the rapid rate of international trade, however, it is still pertinent to realize that shipping industry involves a lot of money because the business is competitive and capital intensive. More importantly, starting the shipping business… Continue Reading...

Woodrings Floral Gardens

or services (Zentes, Morschett and Schramm-Klein 179). Effective positioning helps a retailer gain an important competitive advantage in the marketplace. Indeed, with many retailers in the market offering similar merchandise, effective positioning enables a retailer to have a competitive edge over its rivals. Woodrings positions itself as the preferred provider of floral gifts in State College. The company differentiates itself from the competition by offering upscale floral gifts targeted to affluent, fashionable, and affectionate individuals. The company's products feature high quality, stylish arrangements, and considerable personalization. For the company, this is essential for appealing to the emotions of its… Continue Reading...

Emotional Labour and Gendered Occupational Segregation

or room service, hospitality firms must guarantee service excellence. In essence, service differentiation constitutes a crucial source of competitive advantage for hospitality firms. To ensure service excellence, hospitality organisations mainly rely on their personnel. They seek to recruit and retain frontline employees with the ability to treat customers in an organisationally-desirable manner. As an example, it is quite difficult to notice customer service staff in a hotel or restaurant yelling at customers. This does not just happen, and it does not mean hospitality employees do not experience negative emotions like normal human beings. Instead, hotels, restaurants, and other hospitality… Continue Reading...

Human Resource Management in a Competitive Environment

to attract, retain, maintain and develop top talent and top performers with the aim of achieving a competitive advantage. A notable characteristic of the concept of HCM is that it cannot be replaced and it is specific to a particular company (Baron & Armstrong, 2007). This concept has not replaced the practice of HRM; instead, it serves to strengthen and compliment the concept of HRM. The two concepts work hand in hand and are viewed as the most crucial components in the people management process and both form the ground for realizing human capital advantage via a resource-based approach.… Continue Reading...

Americana Group

Inc., and Burger King Worldwide, Inc. (Food Business Review, 2017). To increase its competitive advantage, Kuwait Food Company sold a majority of its stake, 66.79% of the stockholding to Gulf-based investment firm Adeptio for $2.35 billion. The upside of this financial transaction is that Americana will obtain additional capital for investment from the Gulf-based investment group. As perceived, subsequent to the acquisition, the net profit of Americana increased by 31% (Reuters, 2016). Moreover, Adeptio's mandatory acquisition of Americana' remaining 26.63% stake was declared complete at the start of this year (Mubasher, 2017). Market position is delineated as the competitive… Continue Reading...

Spirit Airlines Strategic Analysis and Recommendations

U.S. have taken advantage of Spirit Airlines' inattention to customer satisfaction to gain a competitive advantage in the market. Without improving customer satisfaction, Spirit Airlines' market share could be taken over by other low cost carriers. Strategic Options Differentiation   One of the strategies Spirit Airlines can use to improve customer satisfaction is differentiation. Generally, a firm may either pursue a low cost (cost leadership) strategy or a differentiation strategy. The former, like in the case of Spirit Airlines, involves providing products or services at a lower price than competitors (Srinivasan, 2014). A differentiation strategy, on the other hand,… Continue Reading...

Leadership and Ethical Decision Making

UWEAR is undergoing a difficult period that has been characterized by declining sales and relatively low profit margins. This situation has generated considerable concerns and pressure of the firm's employees include Joe who is fearing cutbacks and layoffs because of the company's merger with PALEDENIM. However, Joe has established good relations with the CEO of Peninsula Hotels and signed a contract with them in the past financial year. Given the good relations that already exist between Joe and the CEO of this hotel chains, Peninsula is seeking to renew the contract for the upcoming financial year. However, the contract renewal… Continue Reading...

Online Marketing and Success

by the employees to motivate them to achieve more. It also helps the company to express its competitive advantage. The company will communicate its strengths and opportunities as compared with other companies to the public through marketing communication. The expression of competitive advantage will influence the customers, investors, and any other interested party to visit the company to be served to their satisfaction. It also plays a major role in creating product awareness. The company will inform its customers about the availability of new product brands as compared with those of the competitors through the marketing communication. Marketing communication… Continue Reading...

Healthy Meals Delivered to Elderly

An opportunity has been identified in a growing niche that has been largely untapped to date. The opportunity further can be described as being at a crossroads that exists where many factors come together in an intersection in which many social changes are present. The business model that is being proposed in this report consists of developing prepped meal service for seniors, where prepared, nutritionally-balanced meals are delivered to seniors who have trouble cooking for themselves, at a cost-effective price. The need for a sustainable food service model that focuses on meals that are easy to prepare, nutritionally-balanced, consistent with… Continue Reading...

Operational Marketing and Strategic Positioning

identifying core products, target market, and competitor analyses to gain strategic competitive advantage and market leadership. Similarly, Ahmed, Kristal & Pagell (2014) discuss the attributes of what the text calls the "product space," one of the essential steps of the positioning process. While examining and analyzing the product space, the firm can also work with specific tactics like focus groups or surveys of customers, to improve the positioning of the brand based on direct consumer feedback and consumer perceptions of the brand and its competitor products. Ahmed, Kristal & Pagell (2014) mention similar techniques used by firms like Abercrombie… Continue Reading...

Meal Delivery Service

Meals The business is a prepped meal service for seniors, where prepared, nutritionally-balanced meals are delivered to seniors who have trouble cooking for themselves, at a cost-effective price. The industry is at the intersection of food service and senior care. The core competencies that drive the business are in the efficient preparation of food. The difference is that we are targeting seniors who live on their own, a market not reached by institutional food service providers. The industry has existed for a number of years, and as of 2013 was estimated to be worth $1 billion annually (McDill, 2013). This… Continue Reading...

Samsung New Marketing Strategy

from identifying new markets for existing products in order to enhance its competitive advantage. References Jung-a, S. (2016, July 12). Samsung Gets Smarter with Phones Strategy. Financial Times. Retrieved April 7, 2017, from https://www.ft.com/content/35cb2a08-44f0-11e6-864d-01c0167ff470 Tanner, P. (2016, March 11). What is Samsung's Growth Strategy in the Smartphone Market? Retrieved April 7, 2017, from http://marketrealist.com/2016/03/samsungs-growth-strategy-smartphone-market/ Upadhyaya, M. (2015). Marketing management: concepts, theories and practices. Saarbruken, Germany: Lambert Academic Publishing. Continue Reading...

Online Consumer Reviews from the Consumer Perspective

http://www.marketingprofs.com/charts/2012/8806/luxury-brands-boosting-online-marketing-spend#ixzz28gVdyP98 Module 3 1. What do you think of Amazon's move to online grocery delivery? Does it give the company a competitive advantage? 2. Identify one of your favorite grocery stores. What attracts you to it? Can you think of anything the store has done to draw your patronage and stop you from buying online? Is there anything further they could do to retain your loyalty? 1. Amazon has recently been diversifying not its portfolio but its business and marketing strategies. Instead of relying only on online business, Amazon is essentially doing the reverse of what many major firms have had… Continue Reading...

Implementing Six Sigma at Starbucks

Coffeehouse has a huge customer base that has contributed to a significant market share and competitive advantage. This coffeehouse targets customers from all walks of life and provide coffee products for a wide range of customers based on their needs and preferences. However, the firm's major customers are urban and affluent populations, especially on-the-go white-collar professionals who want to take coffee to their workplaces (Bowman, 2016). This target population is Starbucks' favorite customer given that the firm considers its major customers to be educated professionals with an average income of $90,000. Additionally, Starbucks targets customers who are looking to… Continue Reading...

Review Of Human Resource Management

resources at the global level to attain organizational aims and accomplish competitive advantage over rivals at national and global levels. It encompasses characteristic human resource management functions like training and development, recruitment and selection, as well as performance appraisal undertaken at the global level. So as to closely incorporate company operations across the globe, multinational corporations try to cultivate and instigate standardized human resource management practices by transmitting the practices being undertaken at the headquarters to subsidiaries situated overseas. Consequently, practices at the organization's subsidiary will have a close likeness and similitude to practices in the home nation (Potocnik… Continue Reading...

Developing Work Teams in Organizations

Organizational structures across the world have experienced significant transformation in the past decade, especially because of the rapid technological advancements that have changed the modern business environment. The transformation of organizational structures has been geared towards enhancing the efficiency and effectiveness of the organizations in their respective businesses. An example of the dramatic transformation in organizational structures is the development of team-based work structures, which have contributed to the shift from organizing work around individuals. Team-based work structures have been developed as part of enhancing organizations' capabilities to achieve their strategic, economic, and technological objectives. The use of work teams… Continue Reading...

Group Dynamics and Teams

convinced that introducing the product was vital for enhancing the organization's competitive advantage, but representatives from the finance department were quite reluctant, arguing that the organization did not have adequate financial capacity to implement the idea and that the idea may not be as profitable as the team projected. The team indeed spent unnecessarily more time attempting to convince finance representatives. While it may be detrimental to team success, conflict might not always be negative (Raines, 2012). In other words, conflict can be healthy or constructive. In my case, though there were conflicts arising from some members missing team… Continue Reading...

Building an Internal and External Networking

Building and Maintaining a Networking The objective of this study is to discuss the strategy students, individuals and businesses can employ in building lasting networking and business relationships. The study suggests exploring the internal and external environment when building the relationships. For example, students can build their relationships with friends, joining social organizations and participating in volunteering. Moreover, the online social networking has been identified as an effective tool to develop an effective networking. Maintaining a Networking "Successful networking requires a positive mindset. Positive networking focuses on giving, not just taking. Taking time to help others develops lasting relationships based… Continue Reading...

Relationship Marketing

identify and reach its target market (Pride, 2008). The competitive advantage and sense of appeal of Bubbly Energy over all other energy drinks in the market is that it will serve all consumers. The consumer profile that is currently being targeted by Jolly Company encompasses consumers that are between the ages of 16 and 40. These will be consumers not only in search of a quenching drink but also those that are in constant search of a healthier option for drinking. Owing to its cheap price, the consumers targeted by the company need not be rich as it will… Continue Reading...

Theory Vs Practice Explained

and will not wait until there is a major crisis or problem. He feels that this is a competitive advantage for him given that he acts when there is the chance rather than waiting for a problem and he is in an industry and business size realm that allows for quick adjustments and changes (Radovic, 2013). Even with the above agility and some of the luxuries seen with small businesses like his, the owner/manager notes that there are legal roadblocks and other challenges that all businesses have to deal with on some level such as human resources, tax compliance… Continue Reading...

Launching a Car Rental Company at Okc Airport

discussion concerning two possible approaches for achieving and sustaining a competitive advantage is followed by an assessment of the immediate competition in the Oklahoma City car rental market and two potential risks to profitability and a mitigation plan for each. Finally, a summary of the research and important findings concerning the car rental industry in general and the proposed launch of Stardust Car Rentals in particular are presented in the paper's conclusion. Overview of the U.S. rental car Industry The U.S. car rental industry includes about 5,000 companies that have combined annual revenue of approximately $40 billion (Seay and… Continue Reading...

Market Segment Of 3 Squares

own niche in the target market as part of attempts to enhance its market share and competitive advantage. Based on the results of PEST analysis, there are several factors that are likely to cause changes in the future operations of 3 Squares. While some of these factors are likely to generate threats to the competitiveness and operations of the company, others will represent a market opportunity. One of these factors that is likely to represent a market opportunity for 3 Squares in the future is the social factor of health consciousness among the target market. According to Frue (2017),… Continue Reading...

Yonuts Product Description Essay

what we are going to do with doughnuts. The second major competitive advantage is that YoNuts will be cooked at home.  Normally, doughnuts are deep fried, and since most Americans do not have a deep fryer, it is basically impossible to produce doughnuts at home, or if it can be done it will be very messy.  To solve this problem, we looked at the opportunity that was created by the French fry industry.  Fries are also deep fried, but when companies started finding ways to allow people to cook fries at home, fry sales in supermarkets went from not much… Continue Reading...

Legalshield Pre-paid Legal Services Essay

uncontrollable forces, it is possible for companies to influence the key forces in ways that provide it with a competitive advantage over those companies that do not (Porter, 2008). The first of the five forces is the power of buyers which is discussed below. Power of Buyers Today, legal services consumers have a wide array of choices available to them, ranging from sole practitioners, small law firms, complete-services legal firms, and online providers that deliver legal services as well as “do-it-yourself” approaches (McKitterick, 2015). As a result, the increase in buyer power has fueled a number of the changes… Continue Reading...

Jeff Bezos Leadership Skills

24 Nov. 2017 from https://www.marketwatch.com/story/bezos-is-clear-about-what-amazons-culture-is-2015-08-26 Boss, J. (2017, Jun. 20). Amazon\'s competitive advantage Isn\'t Cost Or Convenience, It\'s This. Forbes. Retrieved 24 Nov. 2017 from https://www.forbes.com/sites/jeffboss/2017/06/20/amazons-competitive-advantage-isnt-cost-or-convenience-its-this/#4f98ab564958 Continue Reading...

Gaap and Ifrs Convergence Pros and Cons

GAAP was clearly a transaction cost, and it was believed that this cost was resulting in competitive advantage for exchanges that conformed to IFRS. The US could attract more foreign listings, the theory went, if it converged with IFRS. Companies would appreciate having to only produce a single set of statements, and investors would not be confused when a company's statements were different depending on which report the investor happened to be reading. Reducing the friction associated with cross-listing was clearly going to be a benefit (US Fed News Service, 2007). In 2007, the move was made to address… Continue Reading...

Karoru Ishikawa Contributions to Quality Control

bureaucratic companies. Ishikawa also showed how TQC could provide industrial and manufacturing firms with competitive advantage. Ishikawa’s concept of TQC is explicated in his 1988 book What is Total Quality Control? The Japanese Way. In this book, Ishikawa discusses first the importance of quality control as an ethical principle. Quality control is about respecting the customer, and not sacrificing quality and especially safety in large-scale production facilities. In mass-production methods, it can be too easy to bypass quality control to rush products to market. Ishikawa illustrates why quality control is actually cost-effective and feasible to implement, even if TQC… Continue Reading...

Conflict Resolution Leadership and Teams

out, cultural diversity in a work group imparts a competitive advantage for the organization. However, the research on cultural diversity in workgroups yields some troubling and contradictory results. Recent research shows that diversity does not necessarily lead to social integration, and can even adversely impact team performance (Horwitz & Horwitz, 2007). Stahl, Maznevski, Voigt & Jonsen (2010) also found “cultural diversity leads to process losses through task conflict and decreased social integration,” (p. 690). Thomas & Peterson (2018) agree that cultural diversity in a work group has “positive and negative elements,” (p. 166). The conflict between Darius and Harpreet… Continue Reading...

Greece Economic Problems Analysis

policies might help to attract business back to the country. Greece needs to find its source of competitive advantage in the world, and leverage that. If it lacks such a source, the government has to admit that, and spend accordingly. It is also recommended that Greece request debt relief – may as well ask. Debt relief combined with continued reforms will help, but there also needs to be mechanisms to encourage investment in the country – something that can attract business either in the form of tax incentives or new infrastructure investment. Spending on wages and defence increased the… Continue Reading...

The Role Of Sarbanes Oxley Act in Curbing Corporate Fraud

products were placed on the shelves or give them a competitive advantage over their main rivals (Colson, 2017). Furthermore, several days before their presentation of the company’s results, Tesco encouraged buyers to ask suppliers to agree to postponements in payments to make the figure representing the sales made look flattering. In October 2014, a criminal investigation began as confirmed by the Serious Fraud Office (Colson, 2017). In the aftermath of the scandal, investors sued the company claiming that they lost significant amounts of money since they bought shares on misleading accounts basis. After the scandal broke, the company lost… Continue Reading...

Answering Comprehensive Questions Analytically

a dispute among the family members should affect the business significantly Topic 2 Company competitive advantage and strategy to achieve it competitive advantage The company will seek to provide products that are low-cost that are well-specified for the target customer. Currently, the products on the market are diverse – provided by the first ranking multinational, and low-cost – as provided by the second-ranking multinational. There is, therefore, a gap in the market for well-specified products that address the specific needs of the customers down to every detail, and at a considerably low cost. The strategy The company will adopt the focus… Continue Reading...

Improving Public Relations Between the Police Department and the Citizens

CA: Sage Publications Kleiman, L. (2012). Human Resource Management: A Managerial Tool for competitive advantage (6th ed.). Mason, OH: Kendall Hunt Publishing Company Levine, D.R. & Harris, P.R. (2004). Multicultural Law Enforcement: Strategies for Peacekeeping in a Diverse Society. Upper Saddle River, NJ: Pearson Prentice Hall MacVean, A. & Neyroud, P. (2012). Police Ethics and Values. Washington, DC: SAGE Northouse, P. (2013). Leadership: Theory and Practice (6th ed.). Thousand Oaks, CA: SAGE. Patten, M.L. (2016). Proposing Empirical Research: A Guide to the Fundamentals (5th ed.). New York, NY: Taylor and Francis. Robbins, S. P., & Judge, T. (2011). Organizational Behavior… Continue Reading...

Ibm Supply Chain Concerns

of characteristics, the most notable of these pertain to information technology, resource allocation, and varying elements of procurement. Effecting competitive advantage today no longer requires simply being able to create superior products and services. Instead, there is a growing reliance on both operations and operational efficiency which influences an organization’s overall sustainability. Some of the key facets of operations include the prudent management of human resources, information systems, and supply chain. Organizations are not only tasked with overseeing these three areas individually, but also managing the inherent relationships existing between them. International Business Machines (IBM) has delivered a significant… Continue Reading...

Theory Of Competitive Advantage

Robert Grant’s “The Resource-Based Theory of competitive advantage: Implications for Strategy Formulation” is about exploiting an organization’s internal resources to propel its business model. The author explores the concept of how by simply assessing and becoming aware of a company’s resources, organizations can use that material to optimize their competitive advantage. The author details this information from a scholarly perspective in which he reveals that this approach was a long neglected one for strategy. Originally, organizations simply focused on the external environment and how best to adapt… Continue Reading...

Keys to Success in Multinational Companies

determine whether or not the best practices policy would provide a competitive advantage over other international companies while giving an example of a company using a best practices policy that proves the case. Best Practice Policy Sanitation is a critical aspect of safety especially in the food industry. Ensuring that employees no matter the country wash their hands, have proper toilet facilities, and practice good hygiene around food is very important. To guarantee sanitation, workers will be required to follow a step-by-step process when handling food for each new order. The process will dictate when an employee must wash… Continue Reading...

Role Of Privately Owned Media in a Democracy

economy and other subjects of governance and national merit were disseminated in societies. Even today, formal media maintains substantial competitive advantage over informal channels, though recent events suggest that perhaps this influence is waning in favor of social media propaganda (The Economist, 2017). That is a discussion for another day. Privately-Owned Versus Government Media The high level of influence that the media has over public discourse naturally makes it a powerful tool in any society, but especially in societies where people elect their political leaders. The way that discourse is shaped influences public opinion about critical election issues, about… Continue Reading...

Apple's Human Resources Strategy

online and bricks-and-mortar, and those staff are included in this figure. Apple derives its competitive advantage from the brand, which reflects both the strength of its products from a design and engineering standpoint, and the company's marketing, which has fostered a strong brand image, and high brand loyalty that allows the company to lead the market on prices. Apple's strategy really only works if it can continue to deliver engineering, design and marketing at the highest level. Moreover, Apple has a large supply of cash that it is looking to reinvest. As such, it is becoming involved in a… Continue Reading...

Walmart's Use Of Technology for a Competitive Advantage

that, and Wal-Mart has long been a leader at total supply chain management as a means of extracting competitive advantage. As an example, a few years ago Wal-Mart was an early adopter of RFID technology, which allows for tracking of goods in real time. By tracking in real time, using radio frequencies, Wal-Mart was able to not only know where goods are to help route them better, but the company is able to gather a lot of data about the movement of goods through its supply chain, and then use this data to make the supply chain more efficient… Continue Reading...

Adidas Market Entry

roughly the same time – there is no particular competitive advantage extended in this situation, but rather it is an extension of the pre-existing oligopoly. Stronger-chases-weaker is basically the natural continuation of the avoidance strategy. A company that is extracting monopoly rents in a market can expect the dominant players to enter that market, bringing to that market the oligopoly conditions that exist elsewhere. Nachum and Song (2011) argue a couple of things. First, they argue that different forces influence expansion versus contraction for MNEs. Then, accepting this proposition, they explore how the different businesses in which a company… Continue Reading...

Characteristics Of an Effective Nurse Administrator

role also entails a high degree of marketing, whereby the administrator finds ways of establishing competitive advantage. Characteristics The “Test Content Outline for the Nurse Executive Board Certification Examination” reveals several core competencies for nurse administrators. These core competencies include main categories like structures and processes, professional practice, leadership, and knowledge management. Human capital management encompasses organizational culture concerns, resource utilization, labor relations, and the creation of a positive and supportive workplace environment. Financial management includes thorough working knowledge of how the healthcare insurance system works, how to develop a budget for the institution, and how to effectively manage… Continue Reading...

Ups and Fedex Case Study

better performance and therefore greater increase in share price is because it had a competitive advantage over UPS. To begin with, the corporation had the biggest international presence in China as compared to UPS. Having a bigger market share implied that it could increase its operations and therefore increase the revenues and profits generated. Notably, FedEx was able to have 11 flights transport cargo to China on a weekly basis, a number that was double the number of flights operated by UPS. It is also important to point out that FedEx was able to provide its carrier services to… Continue Reading...

Safety Awareness in Engineering

health and safety management that provides organizations with a sustainable competitive advantage in the global marketplace by offering a safe and healthy work environment conducive for peak performance and is improved forever. 28. Explain the link between safety and productivity. With a safe working environment, the employer will reap benefits like reduced sick pay and workers compensation, improved productivity, decreased absenteeism, and employee turnover. Employers will also experience less production delays (Morrow, Koves, & Barnes, 2014). References Grossmeier, J., Fabius, R., Flynn, J. P., Noeldner, S. P., Fabius, D., Goetzel, R. Z., & Anderson, D. R. (2016). Linking workplace… Continue Reading...

Teamwork Training Theme and Leadership

community; in other words, we should focus on the activities that enhance our competitive advantage; as Ramachandran (2011) would say. Predict the main effect that socially responsible projects could have on the company’s overall bottom line. 1. CSR projects boost a company’s customer base. Therefore, CSR projects have the potential to boost company profits (Heal, 2008). Customers are cognizant of the sources of the products they use. 2. CSR promotes an environment of happier employees, hence they become more productive. According to Devin Thorpe of Forbes, 86% of companies engaging in CSR projects believe that their employees are happier… Continue Reading...

Coca Cola Company Case Study

has been analysed. A comprehensive strategic analysis to ascertain its competitive advantage has been conducted using the following analytical tools: SWOT analysis and Porter’s generic strategies. Out of the four generic strategies, it has been revealed that Coca-Cola Company follows the differentiation strategy. By integrating the differentiation strategy with the strengths, weaknesses, opportunities, and threats of the organization key insights were noted. The strengths pinpointed and selected in the SWOT analysis comprise of distribution system, company valuation, and brand equity. Coca-Cola Company’s system of distribution is unique and inimitable. Second, its high market value facilitates sustaining differentiation and brand… Continue Reading...

Bus599 Module 2 Case Study

Organizational Diagnostic Model: A Review & Synthesis. Sunnyvale, CA: Leadersphere, Inc. Partridge, L. (1999). Creating competitive advantage with HRM. New York, NY: Select Knowledge Limited. Continue Reading...

H&m Trade Comparative Advantages

with other nations, under whatever trade agreements exist between the EU and those nations. If India and China have competitive advantage in textiles, then they will win the trade. But by no means is H&M forced to trade within the EU. The reality that even with an OPT agreement, EU producers still do not have competitive advantage – that India and China exist as lower-cost producers – certainly calls into question the value of having the OPT agreements at all. The agreements probably served a fairly good purpose at the time – in this case, allowing new EU member… Continue Reading...

Jakks Pacific Nadler Trushman Congruence Model

that as Schermerhorn (2009) points out, “a differentiation strategy seeks competitive advantage through uniqueness” (p. 147). On the basis of an informed review of JAKKS’s current strategy, I am convinced that the competitive strategy most likely to fit with JAKKS’s approach is the cost leadership strategy. In essence, the cost leadership strategy is a generic strategy demanding that at a specified level of quality, an entity becomes the industry’s low cost producer and offers its products and/or services at the prevailing prices in the industry or below the industry’s average prices so as to rake in more profits than… Continue Reading...

Warehouse Management Information Systems and Technology

information can be leveraged to provide business intelligence that could give my organization a competitive advantage over its rivals. For example, demand forecasting helps the organization to quickly respond to reorders for key clients. A firm that does not use Infoplus or similar systems may have delays between the time the client places the order and the time the order is fulfilled. Clients depending on strict scheduling might be more interested in working with a firm that has more robust warehouse management systems. Another key feature of Infoplus (n.d.) is channel integration with major online vendors. This would allow… Continue Reading...

Information Technology in Healthcare Administration

battle for talent will be intense. The ability to wield the power of supercomputing is a significant source of competitive advantage in a number of industries, and health care will be just one more. Yet, there is a massive shortage of talent working in the field at present, and that shortage will only intensify. There will be issues of implementation – health care has struggled with things like electronic health records, and nurses still debate the merits of evidence-based practice. Seriously – using evidence is controversial. That\\'s the culture within the healthcare space, so the shift from people who… Continue Reading...

Theory Vs. Practice in Small Business Setting Essay

a major crisis or problem. He feels that this is a competitive advantage for him given that he acts when there is the chance rather than waiting for a problem and he is in an industry and business size realm that allows for quick adjustments and changes (Radovic, 2013). Even with the above agility and some of the luxuries seen with small businesses like his, the owner/manager notes that there are legal roadblocks and other challenges that all businesses have to deal with on some level such as human resources, tax compliance and so forth. Rather than having dedicated… Continue Reading...

Big Data and Supply Chain Management Essay

Mentzer,2005). Once big data gets to that point, a company can generate true competitive advantage. And when a company is large enough that is has a data advantage, it will be able to sustain that advantage, which is why there has been such a rush in recent years with respect to big data. As the concept was being fleshed out in academia, businesses were just starting to learn what they could do with all of the information that they were collecting – and one of the applications was to move away from marketing and use data to make decisions… Continue Reading...

It's Learning Cloud Based Learning Management System Essay

case, demonstrate how 'IT's LEARNING' has used its resources and competences to scale up and develop competitive advantage in the foreign markets. Explain briefly how module theory can help you generate fresh options for the company's future resource development.( 1000 words) IT’s Learning Operations IT’s Learning is a leading provider of cloud-centered Learning Management System (LMS) across the globe. The company was founded in 1998 at Bergen University College in Norway by a group of students who sought to identify why digital tools were rarely used in their school. Since these students were computer engineers, they resolved to change… Continue Reading...

Foreign Business Environment Of Columbia

Foreign business environment: Columbia A. What events (political, economic, and technological) are the most important in recent years that might have impacted the business culture in Colombia? Individuals who perceive Colombia as still being paralyzed by crime networks and drug cartels are skeptical and bewildered by the notion of a confederation of politicians, business leaders, and academicians visiting the nation. However, in reality, the situation in Colombia is far different from what it was a mere ten years ago. Colombia’s infamous cruel and powerful drug cartels emerged during the latter part of the seventies era and developed in the subsequent… Continue Reading...

Development Of High Potential Employees

in any organization are those that provide the firm with its competitive advantage. On the contrary, organizations that do not actively seek to identify, develop, and retain high-potential employees stand to lose a lot as top talent may seek opportunities to maximize potential elsewhere—often a competitor. Moreover, the high potential employees are those with the greatest potential to lead the firm in the future, paving the way for effective succession training and management. Research on the identification, development, and retention of high-potential employees is burgeoning, but there are significant gaps in the literature. Filling those gaps would help organizations… Continue Reading...

Sunpower Simulation

below $0.07, SunPower can be said to have gained a competitive advantage in the sense that its module price would significantly reduce the rate of entry of new firms, while at the same time denying those at a higher price level a share of the market. From Appendix 1, SunPower would have a significant share of the market (at 40.36%) as well as impressive net income (at 43.84B) at a price level below $0.08, i.e. at a module price of $0.07. Analysis From this discussion, it is clear that an increase in the module price at a time when… Continue Reading...

Eileen Fisher

the planet before profits, which gives them a greater “in it for the cause” image among consumers. competitive advantage Eileen Fisher’s competitive advantage comes in its Vision 2020 plan, which is unique among all other fashion designers. By developing a program to be 100% sustainable, Eileen Fisher sets itself apart from its competitors. While Patagonia is committed to transparency, using down that is 100% traceable through its supply chain (Elks, 2013), Eileen Fisher is focusing primarily on sustainability to make itself the brightest star in fashion when it comes to conservation. Apart from its plan to use chlorine free products,… Continue Reading...

Labor Unions

Party helped to make businesses more regulated—which actually increased competition and took away the unfair competitive advantage that unethical factory owners wielded by failing to update and make their workplaces safe and friendly for workers. Regulation evened the playing field and helped to develop industries in the long run. Entrepreneurs had to get creative and inventive—like Ford who got his start in 1904, revolutionizing the factory line process and the manner in which the automobile was put together. Ford launched a new era of manufacturing and while he himself opposed the labor unions, he believed that if owners paid… Continue Reading...

Hyped Beyond Belief the Gopro Story

how the company could more effectively utilize social media to better target its customer segment and increase its competitive advantage in the market would be to promote more films like Hardcore Henry, shot entirely using GoPro cameras. By linking itself with indie film projects like this one, GoPro could expand its niche market to a more professional realm and begin to appeal beyond its core segment of YouTubers and draw professional filmmakers into its mix. Another strategy would be to invite customers to upload content to a channel made specifically for fan footage that would be controlled by fans.… Continue Reading...

Southwest Airlines Boarding Process

revenues from the $10 charges, this provision is a competitive advantage for the company. In addition, Southwest Airlines does not place a restriction to the number of passengers that can buy early-bird check-in. What is more, the early bird check-in is refundable. Therefore, this increases the likelihood of the Airlines in generating increased revenues (Miller, 2018). Disadvantages Regardless of the aforementioned benefits, this particular approach does in fact have its downsides. One of the key downsides to this particular model is that passengers are not guaranteed the best seating. It can be noted that Southwest Airlines does not inform… Continue Reading...

Blockchain

are issues that need to be resolved, and even areas where blockchain technology has competitive advantage, such as security, there are unresolved issues as well. So while there is tremendous promise, and a lot of money being put into development, blockchain remains a nascent technology, awaiting applications that can transform it into the powerful business tool that it is promised by many to be. References Aitken, R. (2017). Smart contracts on the blockchain: Can business reap the benefits? Forbes. Retrieved May 27, 2018 from https://www.forbes.com/sites/rogeraitken/2017/11/21/smart-contracts-on-the-blockchain-can-businesses-reap-the-benefits/#349e2d091074 Cole, Z. (2017) How blockchain technology could affect the future of network engineering. Network… Continue Reading...

Apple

products with these stores. It allows them both to further their competitive advantage as well as maintain their position as leader within their industries. Commercial Funnel There are various development funnel realities that Stamm briefly covers. Group B of the Real funnels has a diagram that shows: quality control, research, customer, market engineering, strategic planning, that comes from the funnel after passing through OEM. When it comes to the commercial funnel, to provide the kind of success for a product like the Kindle e-Reader and the iPhone, there must be sound marketing strategies from research that takes into considering… Continue Reading...

The Future Singaporean Sembcorp Company

due to legal red tape. Summary of Situation Strengths The government ownership of the company is a source of sustained competitive advantage because of the stability of funding, versus a company solely dependent upon private revenue. There are many nations seeking sustainable power in the region willing to back up the company with similar resources. The company is diversified not only between the nations into which it is expanding but also having a financial interest in several industries. It specializes in financing and acquiring as well as generating new power plants which is a source of diversification. Weaknesses Singapore is a nation… Continue Reading...

How Environment Influences Business

costs over the years (Jinjin, 2013). In order to rival other companies and sustain its relative competitive advantage, it is imperative for Apple to manufacture and unveil products that stay in touch with and are in correspondence with the cut-throat level of innovation within the industry and at the same time stimulating consumer demand. There continues to be prospects within the industry for the reason that a consideration percentage of consumers demand for the trendy and cutting-edge products, the most recent technology and the novel features that guarantee proper functionality of the products. Bearing this mind, the main challenge that… Continue Reading...

Business Plan for Yolo Concepts

effort will be made to embrace the latest technology so as to not only maintain a competitive advantage, but also reduce operational costs. Bibliography TAO Group. (n.d.). About TAO Group. Retrieved from http://taogroup.com/about/ Continue Reading...

Tesla's Innovation Strategy

it relies on a continuous flow of innovations to build up technological leadership that maintains the competitive advantage. Musk makes it clear that whatever the challenge is, an innovative solution is a reasonable one, and he does not rest on conventions in order to achieve stated objectives. Musk himself is therefore the face of this innovation, and the innovation is thus baked into the organizational culture (Cox, 2017). Tesla is particular is driven by a long-range vision for the automotive industry, one that sees a shift towards electric vehicles. While at this point the cost of fossil fuels and… Continue Reading...

Electric Vehicle Industry

early entrants into this market, including most especially Tesla, Ford and Toyota, are expected to enjoy a competitive advantage until newer entrants, capitalizing on existing innovations in electric vehicle technologies, will be able to gain market share by focusing on niche markets within this industry, including the budget-conscious sector (Todd & Thorstensen, 2013). Overall, though, the hybrid and electric vehicle industry is expected to experience substantial growth over the next 20 years as the infrastructure that is required to support these vehicles is deployed nationwide and the efforts to transition from fossil fuels continue to redefine the transportation industry… Continue Reading...

Cisco Business Model

How Companies Use Tech for competitive advantage Technology is one of the main drivers of competitive advantage today. The emergent technologies such as artificial intelligence, big data and alternative energy are all powerful means by which a company can extract competitive advantage, if the company stakes out a leadership position in the technology. The key to deriving competitive advantage is to be a leader in the field, which means having the people in place to develop cutting edge technology. An example would be Tesla. The… Continue Reading...

Cisco Business Model

IT world (Harper, 2016); organizations must embrace it or lose competitive advantage to those who do while they do not. Additional revenue drivers include the explosion of data which began in earnest via the arrival of big data in the past several years. Big data now includes multiple forms such as the Internet of Things, Artificial Intelligence, and blockchain, most recently (Harper, 2017). All of these technologies and their impacts on both the computer networking landscape and the data management spheres is driving the needs for organizations to either interact with Cisco, or competing entities offering similar products and… Continue Reading...

Corporate Level Strategy Of General Mills

the introduction of new products in the market implies that the company is able to have a competitive advantage over its rivals. However, it is debatable whether General Mills uses vertical growth strategy. This is for the reason that by utilizing this strategy, a firm takes part in the value chain of the product by either assuming the role of the distributor or the supplier. The elucidation provided does not completely align to this perspective. Secondly, I agree that General Mills integrate the differentiation and focus strategies in their business model. It is also agreeable that the company follows… Continue Reading...

Pacific Health Care Supply Management

outcome for itself. This is known as obtaining the competitive advantage (Monczka & Handfield, 2016). References Burt, D. N. (2010). Supply Management, 8th Edition. Devry. Monczka, R. & Handfield, R. (2016). Purchasing and supply chain management. Boston, MA: Cengage.   Continue Reading...

Deere Cost Management

interferes with communication, relationships, and other outside market pressures. This state of affairs develops a competitive advantage owing to the strategic discerning to make procurement and supply base. The communication evades being financial damage as a result of the precise procedures between procurement and supply base. The relationships generate trust and other market pressures generate culpability between procurement and supply base efficiently and efficaciously. This state of affairs strengthens the company’s market share in the business setting with massive success (Fredendall and Hill, 2016). 2. How does market competition influence your ability to sell for a price that allows… Continue Reading...

Healthcare Organization

into account favorable external factors that a firm can capitalize on and take advantage of to hand it a competitive advantage. The following are the opportunities of Cleveland Clinic. 1. Mergers and Acquisition Cleveland Clinic has the prime opportunity to continue partaking in mergers and acquisitions of the hospitals within the area in order to increase and proliferate patient referrals as well as increase the size of the patient population that is being provided with healthcare service. Furthermore, such mergers and acquisitions will be beneficial in empowering the level of research and development in healthcare, which can be important… Continue Reading...

Statistical Data Usage in Criminal Justice Leadership

J. R., Gerhart, B., & Wright, P. M. (2003). Gaining a competitive advantage. Irwin: McGraw-Hill. Sibley, R. (2015). The benefits of criminal justice data: Beyond policing. Retrieved from https://sunlightfoundation.com/2015/05/01/the-benefits-of-criminal-justice-data-beyond-policing/   Continue Reading...

Management and Leadership Dream Job Cfo

implements benchmarking methods that help our organization maintain a competitive advantage. Working with the managers of other departments, the CFO learns about issues and constraints such as supply chain challenges, the production time, and quality issues that all play a role in budgeting. From the CFO’s point of view, benchmarking can even be considered the basis for strategic planning. While all C-suite managers need to be effective change managers, the CFO’s role is unique. Change management A CFO may draw attention to impending changes to the legal landscape in one of the countries in which our organization operates, or… Continue Reading...

Levi Strauss Sustainable Competitive Advantage

Sustainable competitive advantage Levi Strauss is one of the prominent apparel companies in the world. No company can be considered to match the company’s global presence in terms of casual pants and jeans within the marketplace. In the contemporary, the Levi’s brand name is one of the most internationally acknowledged and listed in numerous nations across the globe. This is down to the company’s competitive advantages. Notably, one of the key competitive advantages of the company encompasses merchandising. Levi’s business operations… Continue Reading...

Ethical Communication and Social Media

a result of the lies spread by other people. Gaining a competitive advantage on one’s opponent by duping the American public is unethical and could have long term negative effects that members of society don’t even realize yet. Websites that were creating fake news about the candidates of the 2016 presidential election and ads on social media that sought to drive people to these websites were concerted attempts to throw the election. This represented a conscious attempt to dismiss and disregard all ethical practices of communication in order to achieve a particular goal. Some have dismissed these claims as… Continue Reading...

Financial Plan and Conclusion

effort will be made to embrace the latest technology so as to not only maintain a competitive advantage, but also reduce operational costs. References Coyle, B. (2000). Capital Structuring. Chicago: Glenlake Publishing. Longnecker, J.G., Petty, J.W., & Palich, L.E. (2016). Small Business Management: Launching & Growing Entrepreneurial Ventures (18th ed.). Mason, OH: Cengage Learning. Appendices Particulars Figures in in $ 1. Lighting and Audio/Sound Equipment 14,000 2. Opening Inventory 8,000 3. Operating Capital 12,000 4. Fees and Permits 2,000 5. FFE (Furniture, Fixtures, and other Equipment) 3,500 Startup Costs Capital Expenditures Table 1 Continue Reading...

Project Proposal Predictive Analytics

big data. Today, organizations deem data as a source of competitive advantage. In a business setting, data could be inclusive of customer details, industry and market statistics, risk models, supplier information, employee info etc. Business entities could use data to not only inform strategy, but also assess the market for opportunities. Data sets could be complex and large – giving rise to the term big data. Problem Statement To remain relevant in the increasingly competitive business world, businesses ought to make use of various strategies and approaches. One such approach is the use of coupons. In essence, discount coupons… Continue Reading...

Ten Strategic Points

& Roumpi, D. (2017). Strategic human resource management, human capital and competitive advantage: is the field going in circles?. Human Resource Management Journal, 27(1), 1-21. DePoy, E., & Gitlin, L. N. (2015). Introduction to Research-E-Book: Understanding and Applying Multiple Strategies. Elsevier Health Sciences. Continue Reading...

T Tests in Quantitative Research

availability of more data that requires analysis to help generate competitive advantage in the business field. The use of quantitative research entails conducting statistical analysis, which involves the use of different methods such as t-tests and ANOVA. T-test is used in hypothesis testing in quantitative studies to determine whether variations between the averages of two groups is unlikely to have emerged because of a random chance in selection of a sample. In essence, t-tests help to compare whether two groups have varying average values. In light of the role and significance of the assumptions underlying each parametric test, this… Continue Reading...

Channels Of Distribution in the Retail Industry

Substantial Changes in Channel of Distribution Rao (1999) states that distributors and channels of distribution has existed for a long period of time as these channels are used to get products to customers in convenient, faster, cheaper, and more effective manner. Given the significance of distribution in getting products to customers, businesses or companies in every industry are increasingly looking for suitable channels of distribution. Effective, cheaper, and faster distribution of products to customers is considered critical toward the successful and profitable operations of any business/company. Consequently, different industries continue to experience changes in their channels of distribution as means… Continue Reading...

Product Analysis Of an Innovation

sustainable (Cordera et al., 2018). How does the innovation contribute to the organization’s competitive advantage? The innovation will make a significant contribution to the competitive advantage of Dana Incorporated. To begin with, Dana will be able to create vehicle parts that emit lesser amounts of carbon and other greenhouse gases. This will hand the organization a competitive edge owing to the significant inclination towards vehicles that emit low amounts of greenhouse gases. Secondly, this innovation will give Dana a competitive advantage over its market rivals as it will facilitate the manufacturing of low vehicle fuel economy, and creation of lighter… Continue Reading...

Emirates Airlines Porters Five Forces Analysis

impacts their strategies and the organization as a whole, to determine how to have a competitive advantage. Every industry is distinctive and has its own unique structure. Therefore, Emirates Airlines can capitalize on the Porters Five Forces model to determine the different ways of satisfying consumers so as to attain an effective competitive edge over market rivals. This is fundamental to ensure that the company generates profits (David and David, 2003). FORCE 1 – THREAT OF NEW ENTRY – LOW The threat of new entrants to the marketplace signifies a low threat for Emirates Airlines. First of all, the… Continue Reading...

Emirates Airlines Pestle and Swot Analysis

or at least attempting to attain to gain, a competitive advantage over rivals. According to Porter (1996), differentiation takes into account being different in the choice of a dissimilar mix of activities to provide a product or service. Furthermore, a strategy is a decision which will make a significant difference to the longstanding performance of an organization. Emirates Airlines is one of the major airlines not only in the Middle East but also across the world and its center of operations is situated in Dubai, within the United Arab Emirates. Emirates Airlines is owned by the Investment Corporation of… Continue Reading...

Swot Analysis for Medical Spray

bandages are cheap and portable so this product lacks competitive advantage in that category. But in casts, it has strong competitive advantage. The regulators are a threat. If this is deemed to be a medical device, and thus falls under regulatory scrutiny, bringing it to market will be a much more costly and time-consuming process than if this avoids such categorization. Furthermore, while patents can protect the technology, once an idea exists there will be companies that seek to identify how this product is made, and then make their own version with unique formulas. Competitors will come to market… Continue Reading...

Financial Strategies Of Healthcare Organization

of engagement. Successful organizations and departments can leverage on outsourcing for competitive advantage only when the outsourcing is managed prudently. There has to be dedicated resources to specifically manage vendor relationships if the outsourcing arrangement is expected to succeed. The primary thing is to ensure that there is transparency in the leadership of each employee equally. With clear communication and sound leadership the arrangement has good chances of succeeding. References American Nurse Today. (2012).The business of caring: What every nurse should know about cutting costs. Official Journal of ANA (Vol.7 No. 11). Retrieved 5 January, 2019 from https://www.americannursetoday.com/the-business-of-caring-what-every-nurse-should- know-about-cutting-costs/ American… Continue Reading...

Hiring Practices and Ethical Legal

strictures to create hiring practices and procedures that help draw to the organization top talent that confers a competitive advantage. For example, Stoughton, Thompson & Meade (2015) found that prospective employees and applicants expressed more negative perceptions of organizations using social media screening during the hiring process. The perceived invasions of privacy that go along with social media snooping as well as formal background checks—even when they are legally permissible—can be detrimental to the greater goals of the organization including the creation and maintenance of a specific type of organizational culture, and the retention of top talent. Thus, human… Continue Reading...

Netflix Company Analysis

Organizational Context Netflix is an entertainment company based in the United States that specializes on online on-demand streaming video, in addition to a DVD-by-mail service in America. The organization was founded in Scotts Valley in 1997 and two years later began its prevailing consumer subscription model. In the present day, Netflix’s consumer base comprises of more than 117 million subscribers in 190 nations across the world. Netflix are a forerunner in the internet delivery of television shows and movies, unveiling their streaming services in the 2007 financial years. From that point onwards, the company has developed an ecosystem for internet… Continue Reading...

High Working Performance in Organizations

Johnson and Johnson. One of the key important aspects is that they provide the company with a competitive advantage. Bearing in mind that Johnson and Johnson faces competition not only locally but also from global corporations across globe, HPW and HPC facilitate its differentiation from market rivals and therefore have a competitive edge. In the contemporary setting, with easy accessibility to information, corporations can easily imitate other successful corporations. Nonetheless, a simple aspect that is hard to match is a high-performance culture. These aspects play a key role in Johnson and Johnson with regard to innovation. It is imperative… Continue Reading...

Situational Leadership Styles at Salesforce

choice. At this point, the situational leadership approach has turned into a sustainable competitive advantage – the company will continue to bring in better people than its competitors can, and in that way it will be very difficult for its competitors to catch up. Express Scripts According to the Glassdoor report, Express Scripts is a poor employer, characterized by a lot of low-skill employees, high turnover, a poor culture and limited opportunity for advancement. Incompetent management, poor work-life balance and long hours are all problems (Comen, Stebbins & Frohlich, 2016). This company likely relies heavily on D1 and maybe… Continue Reading...

Analysis Of Six Themes in Entrepreneurship

play in the capability of a firm to obtain a sustainable competitive advantage and improved financial performance. Taking into consideration the rising volatility and dynamics of markets, the significance of prosperous business model adaptation as a means of sustaining a competitive market position is a real-world problem and difficulty for entrepreneurial managers. Entrepreneurial ventures more often than not are obligated to acclimatize their initial business plan, owing to wrong suppositions in their original business plan or substantial modifications in their external environment, necessitating a substantial reexamination of the business model that lies beneath this initial business plan. Consequently, business… Continue Reading...

Managing the Automation Industry

in time, Kanban, lean manufacturing, Kaizen in addition to others, which provide competitive advantage for the organization and provide effectiveness in numerous business functions in consort with supply chain management (Iyer, Seshadri, and Vasher, 2009). Quality Management General Motors Being one of the biggest automakers in the globe, General Motors has to incessantly come up with approaches of augment value and diminish waste all the way through its supply chain. Akin to several manufacturers within the automotive industry, the company faces pressure to be innovative and at part with the increasing test of meeting demands for ever enhanced, faster,… Continue Reading...

Venture Capital and Industry Description

business model, traction, and industry. This approach is part of the secret to de-risking. Also, another competitive advantage is that at Investible term sheets are founder-friendly and we come with more founder support than a traditional VC firm. This is a huge draw when attracting smart startups. It is currently unknown how much Investible has invested in startups so far. YOU NEED TO EXPAND ON THIS SECTION BASED ON WHAT YOU LEARNED, THIS SHOULD GO FIRST BEFORE THE PREVIOUS SECTION. Industry Description Venture capital is an important tool and resource for funding new and cutting-edge high-risk ventures. Venture capital… Continue Reading...

External Environment's Internal Impact on a Company

and consumer preference can result in the failure of corporations. For instance, a company’s rivals can attain competitive advantage owing to advanced technology. On the other hand, corporations that are unable to keep up with consumer trends and inclinations are bound to experience failure (Sheth and Sisodia, 2005). Other reasons that I have established as to why these companies experience failure include lack of product or service differentiation and also premature scaling. This is in the sense that the companies can be spending excessive capital or hiring too many employees at a go and this can result in business… Continue Reading...

Managerial Accounting and Business Ethics

business actuality of the present day, where knowledge management together with intangible assets are fundamental sources of competitive advantage, the individual action and behavior of employees ranging from first-line personnel to management can facilitate the success or downfall of an organization’s reputation. This has a substantial effect on share value, the capability to attract and sustain consumers, investors, personnel, or clients, and the risk of violating compliance (Jamshidinavid and Kamari, 2012). Addressing business ethics and responsibility issues within a business entity begins the compliance of the pertinent legislations and codes of practice. As a provider of business needs with… Continue Reading...

Case Study Of Copper Coil

not face stressful workplace conditions are a mainstay towards enhanced organization’s competitive advantage, its profitability and at the end of the day add its value (Imtiaz and Ahmad, 2009). Part of this role is to make certain that there are no conflicts or disagreements between the personnel, in this case, those of different generations. Such stressors could negatively impact the effectiveness of organizations, increase employee turnover, diminish the level of motivation (Kemery et al., 1987). The main recommendation for the organization is to continue to ascertain the characteristics of every age bracket and also foster a workplace setting that… Continue Reading...

Nerdwallet's Marketing Analysis and Strategy

Competition Marketing strategies are longstanding, progressive-leaning approaches to planning with the key objective of attaining a sustainable competitive advantage. They are approaches that are employed laying emphasis on the business and marketing efforts. Our company faces direct and intense competition from Colloquy.com, Points.com, and Nerdwallet.com. The key marketing strategy employed by Points.com is points exchange through its website and company blog. Consumers take part in several loyalty programs but the actuality is that the miles as well as points in all of these various programs never amass to amounts that in fact result to awards. In this regard,… Continue Reading...

Tesla and the Global Market

will make it hard for Tesla to raise capital going forward (Langlois, 2019). Where the Firm Can Create a Sustainable competitive advantage Tesla can create sustainable competitive advantage by continuing to leverage its brand appeal as the leader in green energy tech. Elon Musk’s appeal was an advantage in the past, but that advantage may now be a disadvantage. Tesla needs business sense now more than anything. It needs to create sustainable competitive advantage by fixing the problems with the Model 3 and building out charging stations and service stations around the world to support consumers. Resources and Capabilities for… Continue Reading...

Johnson and Johnson Human Resource Value and Contribution

then formulate organizational strategies. Strategies are policies being undertaken by an organization to improve its competitive advantage (Hayes, 2014). So, OD is linked to organization structure, and organization structure is connected with organizational strategies. J&J is guided by “Our Credo” which emphasizes on the company responsibility towards its shareholders, communities, employees, doctors, nurses, patients and all users of Johnson and Johnson products (Team, Directors and Governance, 2019). The goals being clear, the company settled on a decentralized structure which classify each subsidiary as independent company. So, organizational design is linked to organization structure. The decentralized structure lead to the… Continue Reading...