Can an organization have a good strategy and still fail to achieve competitive advantage?(100 words
Yes, this can be the situation when an organization inspire of having a good strategy may fail to achieve a competitive advantage and there can be various reasons behind the same like high competition in the industry or it can be also possible that there are other organizations who are having the same strategy although I believe that the primary reason behind the same would be improper execution of the strategy. It may happen that the plan and strategy may be quite effective but while executing it may not be done following all the aspects planned, then it might impact the process and the organization may fail to achieve the competitive advantage as well.
Can an organization have a good strategy and still fail to achieve competitive advantage?(100 words
In order to maintain its competitive advantage over time, an organization needs to make a number of strategic decisions. This competitive strategy influences and modifies many activities, including those related to its network of value-creating activities, also known as its value chain. Suppose that Nebulon Inc., a manufacturer of lighting fixtures, has decided to change its competitive strategy from high-quality differentiation to cost leadership. In an essay, describe how this decision would affect Nebulon’s value chain activities. What would Nebulon...
Please briefly (25-50 words) describe (in your own words) the “generic strategy” associated with the first letter of your last name (listed below) Please provide (50-100 words) an example of an organization with the generic strategy associated with the first letter of your last name (listed below) and explain how that organization may create its competitive advantage. A-D: Low Cost
When can a company achieve sustainable competitive advantage? a) Whenever it possesses the most profitable business model in the industry and can satisfy shareholder expectations better than its competitors b) When elements of the strategy give buyers lasting reasons to prefer a company's products or services over those of competitors c) When it is able to produce better products for fewer costs than its rivals. d) When it consistently achieves both its long-term and short-term strategic and financial objectives. e)...
To sustain a competitive advantage, an organization must have resources with what characteristic.
describes several distinctive strategies available to achieve a competitive advantage in the marketplace. Choose one of the four major strategies and describe some of the benefits associated with pursuing such a strategy.
How can a company achieve a sustainable competitive advantage when its industry becomes hypercompetitive? Provide examples of some companies that you believe have been successful at this.
Q1. Using St Lucia , select an organization with a competitive advantage to examine how their strategies are implemented. a. Why would you classify the organization as having a competitive advantage in the respective market? b. Based on the material in Session 4.1, what types of strategies does this organization employ? c. As a critical thinker, are there any strategies that you think this organization should implement and/or eliminate? Why? word limit 300 words include APA references
Discuss the ways in which employing a diverse workforce can give an organization a competitive advantage.
Identify one functional strategy of Toyota Motors. Briefly discuss how this Organization can better achieve its organisational goals and objectives through improving this functional strategy.
How can diversity create a competitive advantage for a firm? Use an organization which you know or researched as an example in your answer.