1. Explain the difference between a resource‚ a capability‚ and a core competence. Which is more important for developing competitive advantage? When you talk about resources‚ they are stocks of assets that are controlled by the firm‚ and these assets can be tangible or intangible. The term capabilities represent the processes by which resources are utilized that firms can use to differentiate itself from its rivals. Core competencies are combinations of resources that are linked by the capabilities
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How to Use Competitive Intelligence to Gain an Advantage Snooping in business is legal‚ spying is not- it is a tin line. Who decides borders on that? I guess-nobody‚ until one gets caught physically (as Toledo-based importer Gary Marck was ) or one’s consiousness blocks him from wrong doing. Fact is that it is difficult to advance your business in today’s market without knowing what are your competitors are up to. Yes‚ competition rules the market and it makes organizations‚ producers‚ sellers
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Comparative advantage In economics‚ comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in all goods) than the other‚ both countries will still gain by trading with each other‚ as long as they have different relative efficiencies.[1][2][3] For example‚ if‚ using machinery‚ a worker in one country can produce both
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worldwide on over 500 mobile service operators using various mobile technologies 2. Presently in Nigeria‚ there is a blackberry (BB) craze where having a blackberry is seen as a significant improvement to your status quo 3. The company was focused on how to give business and government clients a fast and secure means of sending and receiving sensitive information. 4. As the smart-phone market – once populated almost entirely by RIM’s business customers – shifts to a consumer focus‚ RIM’s strategy is
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A CROSS- OF PRIVATE HIGHER EDUCATIONAL INSTITUTIONS IN KUCHING‚ SARAWAK LAMBAT ANAK LINDONG UNIVERSITI SAINS MALAYSIA 2007 A CROSS-CASE STUDY OF THE COMPETITIVE ADVANTAGE OF PRIVATE HIGHER EDUCATIONAL INSTITUTIONS IN KUCHING‚ SARAWAK LAMBAT ANAK LINDONG Thesis submitted in fulfillment of the requirements for the degree of Doctor of Philosophy UNIVERSITI SAINS MALAYSIA June 2007 ACKNOWLEDGEMENTS This research undertaking was truly an exercise in endurance and patience‚ more
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Value Chain as Competitive Advantage Unit 3 Assignment Christine Washington GB570 Managing the Value Chain Jerry Haenisch‚ Professor Kaplan University November 12‚ 2012 Value Chain as Competitive Advantage Effective value chain as a competitive advantage can contribute significantly to the prosperity of a firm in the competitive arena‚ but it can cause dire situations if not operated properly (Guy‚ 2011). However‚ there are conflicts among companies as to how stakeholders think they
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Referring to Millward Brown’s research‚ identify the competitive advantages of FMCG companies. Discuss if these competitive advantages are sustainable and suggest how these companies should further develop their competitive advantages in future. The case study talks about how fast moving consumer goods (FMCG) achieve competitive advantages in marketing. A company is said to have a competitive advantage if the company has greater profitability comparing to the average profitability of his rivals
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New Belgium’s competitive advantage that is the most important is that the company has strived to stay true to their core values by committing to sustainability and brand authenticity by serving high-quality Belgian style beer. The company has developed a product that their customers love as well as having a good relationship with its employers. If analysis does not structure the information in a meaningful way that clarifies both present and anticipated situations‚ the manager will be unable to
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CAN COMPETITIVE ADVANTAGE BE SUSTAINABLE? As worldwide markets continue to converge through the growing phenomenon which we know as Globalisation‚ competition is becoming more stubborn and fiercer than ever before. Indigenous companies are now faced by emerging foreign competitors‚ rivals that have arrived on foreign shores equipped with deeper knowledge‚ broader competencies and richer resources than that of their indigenous counterparts. In addition to the knock-on effects that Globalisation
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books and other necessities for school. They make sure they have the most resources available at affordable prices for students‚ and whoever else may need them. Section 2.2 Competitive Advantage Commodore Books uses their customer excellence to maintain loyal customers. From LCCC sweatshirts and Apple© products‚ to nursing scrubs and assortments of notebooks‚ they offer many different brands and merchandise making it easy for each individual customer to find what they need. Whether new
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