Riordan’s Competitive Advantages
Riordan’s Competitive Advantages
The research will describe which competitive advantages Riordan has in common with McDonald’s and Burger King. This study will estimate, which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. Research will explain why those competitive strategies were chosen and estimate how they may affect sustainability of long-term organizational performance. The examination will also explain how the global market would affect the business strategy of Riordan.
Riordan Organization
McDonald’s and Burger King
The McDonald’s Corporation and the Riordan Manufacturing Company are both main industry leaders in their own field. One major competitive advantage that each company has in common is differentiating their products. Each company has a variety of items that meets the need of their consumers. The three companies sell both nationally and internationally.
Burger King, Riordan, and McDonald’s increase their sales by offering price discounts, and sale promotions to ensure that their prices are affordable to everyone in need. All three companies use cost leadership, focus, and differentiation tactics to gain a competitive advantage over their competition. Another commonality between the three companies is that they use some type of reward and incentives program to ensure that they are recognizing their employees for operational excellence.
Riordan Innovation Strategies
Innovation
Riordan could increase innovation and sustainability for the business operations in the United States of America and globally by implementing a strategic capacity plan. This plan will increase effectiveness, add improvement to its supply chain, and implement the methods and concepts of lean production to gain value and over time help sustain competitive advantage.
Strategic capacity planning starts with better use of resources by reducing waste of raw
The research will describe which competitive advantages Riordan has in common with McDonald’s and Burger King. This study will estimate, which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. Research will explain why those competitive strategies were chosen and estimate how they may affect sustainability of long-term organizational performance. The examination will also explain how the global market would affect the business strategy of Riordan.
Riordan Organization
McDonald’s and Burger King
The McDonald’s Corporation and the Riordan Manufacturing Company are both main industry leaders in their own field. One major competitive advantage that each company has in common is differentiating their products. Each company has a variety of items that meets the need of their consumers. The three companies sell both nationally and internationally.
Burger King, Riordan, and McDonald’s increase their sales by offering price discounts, and sale promotions to ensure that their prices are affordable to everyone in need. All three companies use cost leadership, focus, and differentiation tactics to gain a competitive advantage over their competition. Another commonality between the three companies is that they use some type of reward and incentives program to ensure that they are recognizing their employees for operational excellence.
Riordan Innovation Strategies
Innovation
Riordan could increase innovation and sustainability for the business operations in the United States of America and globally by implementing a strategic capacity plan. This plan will increase effectiveness, add improvement to its supply chain, and implement the methods and concepts of lean production to gain value and over time help sustain competitive advantage.
Strategic capacity planning starts with better use of resources by reducing waste of raw
References: Chauhan, S., Nagi, R., & Proth, J. (2004) Strategic capacity planning in supply chain design for a new Market opportunity International Journal of Production Research 42(11), p. 2197 – 2206 Hill, C. W. (2009) International business competing in the global marketplace (7th ed.) Boston, MA: McGraw-Hill Shields, T.(1999) Tutorials - lean production / lean manufacturing Defense Acquisition University. Retrieved January 31, 2012, from http://www.dau.mil/educdept/mm_dept_resources/navbar/lean/01rdg-lean.asp Valdehueza, Gregar, D (2009) Strategy Formulation, and Implementation Retrieved from: http://www.slideshare.net/gar_dev/strategy-formulation-and-implementation-1224519 Wheelen, T. L., & Hunger, J. D. (2010) Concepts in strategic management and business policy: Achieving sustainability (12th ed.) Upper Saddle River, NJ: Pearson/Prentice Hall