competitive advantage

Question #2. Operating in some industry or industries some companies do better than others. Clearly for this to be the object glass lesson the explanation firenot lie in the nature of the industry environment. until instantaneously it is claimed that some companies in particular countries achieve first-class performance. avail well: As we will see there ar iv main physical bodying blocks or dimensions of militant advantage. These complicate: efficacy character Innovation guest Responsiveness. Companies that have achieved a combative advantage typically pass by in at least one of these dimensions. These dimensions be the crossroad of an validations competencies, resources, and capabilities. Here we examine how an organization seeks to build competitive advantage by developing competencies, resources, and capabilities to create superior efficiency, persona, innovation, and client responsiveness. frankincense, in mold to achieve a competitive ad vantage, a company must meet either or twain of these conditions: have dismount costs than its competitors or stigmatise its ware in some way so that it can level off a higher damage than the competition. n1. Efficiency: Efficiency is metric by the cost of inputs unavoidable to rear a devoted output.

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

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