competitive advantage

Question #2. Operating in some industry or industries some companies do better than others. Clearly for this to be the reject 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. mete out well: As we will see there argon iv main physical bodying blocks or dimensions of militant advantage. These hold: efficacy character Innovation guest Responsiveness. Companies that have achieved a private-enterprise(a) advantage typically pass by in at least one of these dimensions. These dimensions are the crossroad of an brass sections competencies, resources, and capabilities. Here we examine how an organization seeks to build competitive advantage by developing competencies, resources, and capabilities to create superior susceptibility, flavor, innovation, and node responsiveness. frankincense, in mold to achieve a com petitive advantage, a company must meet either or twain of these conditions: have dismount costs than its competitors or stigmatise its carrefour in some way so that it can load a higher damage than the competition. n1. Efficiency: Efficiency is deliberate by the cost of inputs inevitable to rear a precondition 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 intimately important component of productivity for most companies is employee productivity, measured by output per employee. n 2. Quality: Quality products are goods a! nd services that are reliable in the experience that they do the job they were designed for and do it well. This creates a blot name reputation for a companys products. This compound reputation allows the company to charge a higher price for its products. Higher product fictitious character 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 privation to get a full essay, order it on our website: BestEssayCheap.com

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