Discuss how technology and innovation focused firms gain competitive advantage.
Technology and focus on innovation create a structure which can
vary based on any risks and constraints placed on it. The use of
technology allows for better decision making through employing
mathematical models of statistics, probability and using BIG DATA
to determine the most optimal course of action that would enable
the firm the required edge in terms of known demand, capabilities,
overall understanding of the needs of the customers as well as more
competitive outlook through cost efficient operations. Focus on
innovation allows a company to create differentiation while
technology allows for efficient processes creating a reduction in
operation costs, combined, both provide specific dimensions which
act as a competitive pillar over which the organization can build a
strong foundation. The fact that the top companies such as Amazon,
Walmart and unique companies such as Zappos have become the market
leader is a clear indication of the implication of innovative
structure and competitive technological use to create a positive
balance between cost and utility to the customers, adding more
value to their services as a result.
Discuss how technology and innovation focused firms gain competitive advantage.
How might Groupon leverage technology to strategically create a competitive advantage?
How can a firm gain and sustain a competitive advantage through the use of a resource based view?
Technology and innovation How is technology used to assist in Operation Management? Identify and explain the different type of technology that are used or can be used throughout the operation – for example, in the supermarket or in a dairy factory producing milk Provide example to show the importance and advantage of using technology in an operation Show how technology helps companies to improve their operation make them more efficient, more effective, improve quality, safety, etc
What is the relationship between innovation and competitive advantage? What role can top management play in helping a company achieve superior efficiency, quality, innovation, and responsiveness to customers?
hapter 4 (2). Identify and discuss real examples of companies with a competitive advantage based on customer lock-in as opposed to product innovation. Which do you expect to sustain a high ROIC for a longer time? Chapter 5 (1). Discuss the three generic sources of a company’s growth, their relative importance for its growth, and what this means for a company’s strategy.
Discuss how firms increase revenue in a perfectly competitive market and how decisions are influenced by consumers
Chapter 4 (2). Identify and discuss real examples of companies with a competitive advantage based on customer lock-in as opposed to product innovation. Which do you expect to sustain a high ROIC for a longer time? Chapter 5 (1). Discuss the three generic sources of a company’s growth, their relative importance for its growth, and what this means for a company’s strategy. Add a new discussion topicC
Which of the following is true about the determinants of national competitive advantage? Question 5 options: Demand conditions describe the nation's position in factors of production, such as labor, natural resources, capital, technology, entrepreneurship, and know-how. Vigorous competitive rivalry among firms lowers national innovativeness. The presence of strong competitors in a nation adversely affects national competitive advantage. The presence of demanding customers pressures firms to innovate faster and produce better products
Identify innovation strategic moves and competitive positioning open to the organisation and propose how the organisation can ensure sustained competitive advantage?
What is the Competitive Advantage of Walmart. What Strategies Walmart Uses to Create Value and Gain Competitive Advantage. What Measurement Guidelines Walmart Uses to Verify its Strategic Effectiveness. what Effectiveness of the Measurement Guidelines Walmart Uses.