Identify innovation strategic moves and competitive positioning open to the organisation and propose how the organisation can ensure sustained competitive advantage?
Answer
✓ innovative strategic moves necessary for the firms competitive strength involves it's focus on cost, quality, leadership and experience offered to its prospective customers. These four are the major elements which needs to be cinsconsid for improvement on a continuous base to keep the competitive edge. This can be done by staying proactive, adapting change and having sufficient resources and financial stability to bring new techniques. When the management is effective, leaders are helping to bring out best performance and emoloyees are offering best service or product experience to the customers, and the offerings are of a quality and have inimitable value, the firm can stay ahead of the competition.
✓ another area is competitive positioning, this is totally dependent on the organization and its management as to how they create a competitive position for their offerings and the organisation in their industry. Competitive positioning involves differentiating the firm's offering and being a leader in the industry to enjoy economies of scale. These offerings have high quality, high value, and are popular in the market. Even though they are imitated, the cost control, high value may help to bring sustained competitive advantage and keep the firm stay strong in the market.
Identify innovation strategic moves and competitive positioning open to the organisation and prop...
Remaining competitive means that supply management must contribute to profitability by focusing on growth and innovation as well as cost saving. World class supply management requires that leaders align with business unit stakeholders, understand their requirements for success, develop a deep insight into the global supply market’s ability to meet these requirements and negotiate contracts, manage supplier relationships that create a competitive advantage. Making sourcing decisions is a dynamic and difficult task, given the complexity and challenges that exist under...
Remaining competitive means that supply management must contribute to profitability by focusing on growth and innovation as well as cost saving. World class supply management requires that leaders align with business unit stakeholders, understand their requirements for success, develop a deep insight into the global supply market’s ability to meet these requirements and negotiate contracts, manage supplier relationships that create a competitive advantage. Making sourcing decisions is a dynamic and difficult task, given the complexity and challenges that exist under...
Remaining competitive means that supply management must contribute to profitability by focusing on growth and innovation as well as cost saving. World class supply management requires that leaders align with business unit stakeholders, understand their requirements for success, develop a deep insight into the global supply market’s ability to meet these requirements and negotiate contracts, manage supplier relationships that create a competitive advantage. Making sourcing decisions is a dynamic and difficult task, given the complexity and challenges that exist under...
3.1 Innovation can be seen as a term used to describe a range of factors, some of which are under the control of the organisation, some that can be influenced and some that are outside the influence of the organisation. The extent to which the organisation can combine and turn these factors to its advantage defines the competitive nature of the organisation. Thus, the ability to control and correctly utilise the variety of factors through a process of combination and...
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