Types of competitive advantage and sustainability 3 generic strategies that a firm can use to overcome the five forces and achieve competitive advantage. 1. Overall cost leadership, is based on creating a low-cost-position. 2. Differentiation requires a firm to create products and/ or services that are unique and valued. 3. Focus strategy directs attention toward narrow product lines, buyer segments, or targeted geographic markets and they must attain advantages either through differentiation
Words: 677 - Pages: 3
STRATEGY MBL 915P Southwest Airlines in 2008: Culture, Values and Operating Practices Repeater Assignment 2 By : Refiloe Mokebe (72542683) 9/6/2011 Table of Contents Introduction 3 Question 1 – What is impressive about South West? 3 Question 2 – Benchmarking against the best practices 4 Question 3 – Key drivers for low cost / no frills strategy 6 Question 4 - What are the key elements of Southwest’s culture? 9 Question 5 - What grade would you give Southwest management
Words: 9704 - Pages: 39
quality and innovation academic medicine. In order to realize growth for any organization, they need to evaluate alternatives such as strategies to maintain a competitive edge among its competitors. Strategies such as the best value discipline, generic strategy, and grand strategy should be identified for the organization. Strategy recommendations and recognitions will be determined for UNMMG. Value Discipline There are three value disciplines that organizations can adhere to. The three value
Words: 1406 - Pages: 6
1.0 INTRODUCTION: 1.1BRIEF ABOUT DELL: Dell was established in 1984 by Michael Dell. It is based in Texas, USA. It sells laptops, personal computers, cameras, printers, and related products and software. Dell is very well-known for its direct-sales model and its “configure to order” way of supply, where customers can have their own order with required specifications and got it delivered at their place. Recently, Dell gave more focus to IT services and software. By 2012, Dell established a new software
Words: 1894 - Pages: 8
of the matrix. I/E recommends to hold and maintain strategies, which includes market penetration and product development. 4a. According to Porter, strategies allow organizations to gain competitive advantage from 3 different bases (also called generic strategies): cost leadership,
Words: 1226 - Pages: 5
A CRITIQUE OF PORTER’S COST LEADERSHIP AND DIFFERENTIATION STRATEGIES Y. Datta Ph.D., State University of New York at Buffalo Professor Emeritus College of Business Northern Kentucky University Highland Heights, KY 41099 (USA) 7539, Tiki Av. Cincinnati, OH 45243 USA Tel: (513) 984-1032 [Home] Fax: (513) 984-1032 E-Mail: datta@nku.edu A paper accepted for presentation at the 9th Oxford Business & Economics Conference to be held in Oxford, England, June
Words: 10083 - Pages: 41
Kudler Fine Foods Business Analysis Karen D Glover BSA 310 April 15, 2012 Joseph Rezendes Kudler Fine Foods Business Analysis Kathy Kudler, the founder of Kudler Fine Foods (KFF) has a primary goal in establishing a retail food store that provides a selection of gourmet foods in order to meet the needs of the typical consumer, all within one store. Kudler’s mission statement is clear;”provide our customers the finest in selected foodstuffs, wines and related needs in the unparalleled consumer
Words: 1373 - Pages: 6
This essay will focus on how Walmart’s strategy fits and achieves it’s value proposition, and how the company has created a differentiated, sustainable competitive position through leveraging its key resources and capabilities. Porter argues that the basis for competitive advantage is performing activities differently than competitors. “A company can outperform rivals only if it can establish a difference it can persevere. It must deliver greater value to customers, or create comparable value at
Words: 712 - Pages: 3
estimated $664.7 million in revenue for 2009 and operates some 252 unique locations with more than 14 thousand employees (California, 2009). The Porter’s Five Force Analysis indicates that the degree of industry rivalry is extremely high making CPK’s generic strategy based on quality difficult to maintain in a down economy. Additionally, the sheer number of competitors in the industry and the pizza segment specifically affords buyers a lot of power in choice. The PEST analysis indicates that CPK’s industry
Words: 1051 - Pages: 5
Michael Porter has described a category scheme consisting of three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage. These three generic strategies are defined along two dimensions: strategic scope and strategic strength. Strategic scope is a demand-side dimension (Michael E. Porter was originally an engineer, then an economist before he specialized in strategy) and looks at the size and composition of the market you intend to target. Strategic
Words: 2130 - Pages: 9
