is said to possess a sustainable competitive advantage over its rivals. The goal of much of business strategy is to achieve this from a competitive advantage. Michael Porter of Harvard Business School has identified two basic ways of gaining a competitive advantage; cost leadership and differentiation leadership. Cost Leadership A company can gain a cost advantage by becoming the lowest cost producer in its industry. The sources of cost advantage may include economies of scale‚ a particular
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One advantage of the Scientific method is that it’s replicable. Scientists record their methods and standardise them carefully so as the same procedures can be followed in the future. Investigations are carried out in highly controlled‚ objective laboratory and repeated to gain further reliability. This is an advantage because repeated a study is the most important way to demonstrate the validity of an experiment. If the results of the repeated experiment are the same‚ then this affirms the truth
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Advantages of the Virtual Classroom More than one person can view and attend the lesson. A whole family or group can watch and learn together from one lesson. A whole Class or University can attend the lesson‚ and follow the lesson as a review or replay as the lesson is recorded and the recording available‚ at no charge‚ to the attendees. This is bringing the classroom into the home‚ school and world‚ and making Education an International Experience. The Online English Lesson is fully interactive
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In 1998‚ Dell had a competitive advantage in the personal computer industry. A competitive advantage means that a company earns or has potential to earn persistently higher rate of profit than its competitors. Dell’s competitive advantage is manifested through a few key financial and performance metrics. Between 1994 and 1998‚ Dells profits increased from $149M to $1.5B. They experienced significant growth‚ growing twice as fast as major rivals. Their market share tripled and they reported operating
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Thailand’s Competitive Advantage in ASEAN after Asian Crisis: Among the five-selected ASEAN nations: Indonesia‚ Malaysia‚ Philippines‚ Singapore and Vietnam Abstract: Analyzing Thailand’s competitive advantage in ASEAN after Asian crisis in 1997 is vital for a nation’s economic development in the region where the neighborhood could be both complementary and hostile. Utilizing Porter’s diamond model with the quantitative approach has concluded that Thailand is ranked as the third-most competitive
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shareholders a higher returns‚ as well as creating the best interest for the stakeholders. This essay will discuss on the topic of resources and capabilities of BAT and how these competences have successfully helped the company to sustain its competitive advantage. Resource-based view of the company Over the past decades‚ there is an obvious revitalization of interest on how a firm’s
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It is evident that the use of mobile phones (or has both positive and negative impacts)/ brings us many problems as well as benefits‚ and thus there is an opinion that the demerits/disadvantages brought by a mobile phone prevail over the merits/advantages. Personally‚ I disagree with this view (ambiguous‚ i am not clear what view you disagree with‚ the first sentence should be separated into two small ones.). On the one hand‚ a mobile phones poses have some negative effects for on its their users in several twoaspects
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The majority party in Congress has a lot of different advantages in the legislative process. For the Senate‚ the majority party contains all the chairs for their members‚ ranks members‚ and president pro. Having the majority of members means when votes are cast‚ the majority will win. Delegates the committee to work on the bill. Those who fill the chairs also have the power to vote on moving the selections of legislation to the next level. If the bill makes it to the senate floor‚ the committee chair
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Steps REFERENCES pg. 19 The Nature Of Competitive Advantage INTRODUCTION Almost everyone in business understands the principle of trying to offer something better than what their competitors are offering. Gaining an advantage is the key to success and even survival. But many of the so-called advantages that businesses rely on are not sustainable. They can be easily copied‚ stolen or negated. Real competitive advantages — things like brand name recognition‚ patented manufacturing processes
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ability to use corridors Escort on highways. Advantages The electric cars have many advantages‚ the most important of which is to eliminate the recurrent fuel problems that consume the state budget because of support‚ in addition to being very saving to the citizen; Because it will be based on charging the car from station electricity or home electricity and will be considered very affordable compared to fuel prices. It is also one of the advantages of electric vehicles to eliminate environmental
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