Corporate Strategy "Sources of competitive advantage rarely yield added value that can be sustained over time." The following essay is going to attempt to assess the above proposition and try to find if it is possible to add value continually over a period of time. I will first discuss what competitive advantage is and what it means to a firm. Then I will explain the sources of competitive advantage and how the distinctive capabilities of a firm allow it to sustain added value. The discussion
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Advantage of travelling Even if you live in a vibrant city and have an exciting job and active social life‚ nothing can replace the unique experiences traveling offers. Visiting a foreign country opens your eyes to how the rest of the world lives; many therefore return home with a new appreciation for their own country while gaining a broader worldview in the process. Remember‚ you only live once‚ so passing up a chance to travel is tantamount to passing up a life-altering experience. 1. Break
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“A firm that already has sustained competitive advantage in its domestic market may not have the same advantage in an overseas market. Discuss the issues that this creates for a firm‚ and how it might exploit its resource advantages to secure successful market entry and create competitive advantage in a new overseas market.” With the global trade network more integrated‚ according to Pearce and Robinson (2009)‚ firms tend to enter foreign market to gain more profit due to the maturity of domestic
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sourcing of goods and service from locations around the globe to take advantage of national differences in the cost and quality of factors of production like land‚ labor and capital. Early outsourcing efforts were primarily confined to manufacturing enterprising but today more companies are taking advantage of modern communications technology to outsourcing service activities to low-cost producers in other nations. ADVANTAGES OF GLOBALIZATION Globalization can provide more employment to people
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1. Competitive advantage A distinctive competence is a unique firm-specific strength that allows a company to better differentiate its products and/or achieve substantially lower costs than its rivals and thus gain a competitive advantage. Resources are financial‚ physical‚ social or human‚ technological‚ and organizational factors that allow a company to create value for its customers. Company resources can be divided into two types: tangible and intangible resources. Tangible resources are something
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In her essay “Being an Other” Melissa Algranati talks about how she didn’t know what race category she belonged to because of her ethnic background. Algranati’s father was born in Alexandria‚ Egypt and her mother was born in Maniti‚ Puerto Rico. She is a product of marriage‚ and her race is a Puerto Rican Egyptian Jew. She explains how her upbringing was different because of her parents’ different racial barriers. Algranati’s supports her issue and also gives emotional appeal about her childhood
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Communication Technology Communication is the imparting or exchanging of information by speaking‚ writing‚ or using some other medium. The communications revolution is based on three technologies Telephone Televisions Computer. The history and development of communication technology is one of the ever increasing speed and efficiency of communication over ever greater distance and ever decreasing costs. Telephone: Telephone / Mobile Phone is a system for transmitting voices over a distance
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A management information system (MIS) is a system that provides information needed to manage organizations effectively [1]. Management information systems are regarded to be a subset of the overall internal controls procedures in a business‚ which cover the application of people‚ documents‚ technologies‚ and procedures used by management accountants to solve business problems such as costing a product‚service or a business-wide strategy. Management information systems are distinct from regular information
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"The advantages Technology has given us outweigh the disadvantages." Many argue that as we venture further into the frontier of technology we proceed with a slow death of society‚ by losing culture and ultimately a sense of self. To a certain extent this may be true‚ but realistically if we cease to progress we wont be able to survive. (Robert) There are many examples of advantages and disadvantages some mentioned were " Technology has the ability to create shortcuts in working and can
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possibility and even the likelihood of a global culture. The Internet‚ fax machines and satellites have swept away the old national cultural boundaries. Global entertainment companies now seem to shape the understandings and dreams of ordinary citizens‚ wherever they live. Globalization leads to better cultural understanding and tolerance. Because of improvements in travel‚ more and more people are traveling to different countries‚ thereby spreading their culture to other parts of the world. The beauty
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