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The Building Blocks of Sustainable Competitive Advantage

The Building Blocks of Sustainable Competitive Advantage
Author: Lahcene Makhloufi
Publisher: Noor Publishing
Total Pages: 72
Release: 2017-08-10
Genre:
ISBN: 9783330977075
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In this new millennium, organizations are able to survive if they own the unique three building blocks of sustainable competitive advantage that are: resources, capabilities, and competencies. Actually, firms always seek to search for sustainable competitive advantage (SCA) since long time ago, and this issue of creating (SCA) has been the dominant theme in the heart of the strategic management studies for many years. The reasons behind looking to create (SCA) is that: sustainable competitive advantage is a journey and not a destination - it is like tomorrow which is unavoidable but never arrives. Sustainable competitive advantage only becomes valuable when this journey is experienced. Hence, most of the organizations, however, the problem is that seeking to answer this critical question how to identify where the journey succeed rather than failed. In fast-moving competitive environments, the nature of the journey itself keeps changing in an unforeseeable fashion. As a result of this, the process of identifying the journey presents the key challenge. Clearly, no firms are able to survive without considering the issue of how/when to create a Sustainable Competitive Advantage.

Competitive Advantage

Competitive Advantage
Author: Michael E. Porter
Publisher: Simon and Schuster
Total Pages: 592
Release: 2008-06-30
Genre: Business & Economics
ISBN: 1416595848
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Now beyond its eleventh printing and translated into twelve languages, Michael Porter’s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy. Porter’s groundbreaking study of international competitiveness has shaped national policy in countries around the world. It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America. Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete. Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient. The book introduces Porter’s “diamond,” a whole new way to understand the competitive position of a nation (or other locations) in global competition that is now an integral part of international business thinking. Porter's concept of “clusters,” or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy. Even before publication of the book, Porter’s theory had guided national reassessments in New Zealand and elsewhere. His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country. Hundreds of cluster initiatives have flourished throughout the world. In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.

Competitive Advantage

Competitive Advantage
Author: Michael E. Porter
Publisher: Free Press
Total Pages: 0
Release: 1998-06-01
Genre: Business & Economics
ISBN: 9780684841465
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The essential complement to the pathbreaking book Competitive Strategy, Michael E. Porter's Competitive Advantage explores the underpinnings of competitive advantage in the individual firm. Competitive Advantage introduces a whole new way of understanding what a firm does. Porter's groundbreaking concept of the value chain disaggregates a company into "activities," or the discrete functions or processes that represent the elemental building blocks of competitive advantage. Now an essential part of international business thinking, Competitive Advantage takes strategy from broad vision to an internally consistent configuration of activities. Its powerful framework provides the tools to understand the drivers of cost and a company's relative cost position. Porter's value chain enables managers to isolate the underlying sources of buyer value that will command a premium price, and the reasons why one product or service substitutes for another. He shows how competitive advantage lies not only in activities themselves but in the way activities relate to each other, to supplier activities, and to customer activities. Competitive Advantage also provides for the first time the tools to strategically segment an industry and rigorously assess the competitive logic of diversification. That the phrases "competitive advantage" and "sustainable competitive advantage" have become commonplace is testimony to the power of Porter's ideas. Competitive Advantage has guided countless companies, business school students, and scholars in understanding the roots of competition. Porter's work captures the extraordinary complexity of competition in a way that makes strategy both concrete and actionable.

Building Sustainable Competitive Advantage

Building Sustainable Competitive Advantage
Author: Dhirendra Kumar
Publisher: Routledge
Total Pages: 288
Release: 2016-03-03
Genre: Business & Economics
ISBN: 131717089X
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In Building Sustainable Competitive Advantage Dhirendra Kumar shows how the Enterprise Excellence (EE) philosophy is a holistic approach for leading an enterprise to total excellence. It does this by focussing on achieving sustainable significant growth in revenue and profitability, reducing the business cycle time, strategically managing the enterprise risk and focusing on the needs of the customer. There may be various organizations within an enterprise but they must all focus on meeting or exceeding customer needs. Therefore, EE is an integrated approach affecting every employee, every functional area and strategy within the organization. Enterprise risk must be identified, assessed and prioritized; developing a growth strategy proposal which leadership has to execute in order to achieve goals. As business leaders spearhead the efforts, they must minimize, monitor and control the probability and/or impact of unfortunate events and maximize the realization of opportunities. The achievements in Enterprise Excellence can range from greater cost efficiencies, improved market perceptions, fundamental changes to markets, to new product and service offerings. There may also be significant upgrades in skills, technology, and business strategies. The scope of Enterprise Excellence can also range from operations activities, to business functions, to overall organization and to the enterprise as a whole. Building Sustainable Competitive Advantage is a comprehensive reference book for practising professionals, teaching faculty, and students alike.

Evaluating Sustainable Competitive Advantages

Evaluating Sustainable Competitive Advantages
Author: CFA Ramraika (Baijnath)
Publisher:
Total Pages: 5
Release: 2015
Genre:
ISBN:
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The authors discuss entry and exit barriers and their interaction as basic building blocks of a decision making process for evaluating competitive advantage of a business. While the concept of entry barriers is much discussed in the context of high quality businesses, the authors posit that exit barriers are also very important and in many cases, may cancel the positive effects of entry barriers. Through the examples of auto makers and airlines, the author show that when strong exit barriers coincide with a high fixed cost structure, the returns on capital frequently end up in poor territory.

8 Building Blocks To Launch, Manage, And Grow A Successful Business - Second Edition

8 Building Blocks To Launch, Manage, And Grow A Successful Business - Second Edition
Author: Paul B. Silverman
Publisher: BookLocker.com, Inc.
Total Pages: 144
Release: 2024-04-10
Genre: Business & Economics
ISBN:
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8 Building Blocks To Launch, Manage, and Grow A Successful Business - Second Edition is about opportunity and achieving success, reinforced by the opening Mark Twain quote "So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sail. Explore. Dream. Discover." The book helps readers navigate from business idea to launching a successful new venture. An easy-to-read entertaining book delivering powerful, useful counsel. Entrepreneurs with experience learn starting a new venture really is the easy part– from business idea, business plan, resources, and launch- these skills can be learned. A recent search on Amazon showed 9,003 "start your own business" or "SYOB" books and many are excellent. And they cover skills the author calls Entrepreneurial Management 1.0. But SBA statistics show half of all these new ventures fail within five years- the challenge is not starting a new business but growth and survival. So, with plenty of books out there, why kill trees for one more? The more relevant question is despite all these resources, why do half of all new ventures fail to meet the critical five- year milestone? Today's challenges demand you know more. Entrepreneurial Management 1.0 skills are just not good enough to help you be a "Survivor" entrepreneur. Simply put, yesterday's skills do not meet today's entrepreneur's needs. Before committing resources to develop new ventures, Fortune 500 firms go further, look at strategic issues, identify alliance and global strategies, understand how new venture metrics impact overall return given 3 to 5,000 other products and services in their business. And these Fortune 500 techniques provide the foundation for what the author defines as Entrepreneurial Management 2.0, a new entrepreneurial management discipline drawing upon new venture 'best practices', Fortune 500 firm techniques for launching and managing new ventures, and the author's experience working with many early-stage public and private companies. Helping entrepreneurs gain new skills needed to meet today’s challenges, reach the critical five-year milestone, and create more "Survivor" rather than "Maybe Next Time" entrepreneurs, is why the author wrote this book. Entrepreneurial Management 2.0 includes a portfolio of new entrepreneurial management skills organized into the eight "Building Blocks" which are defined and explained with examples in the new book. The Second Edition includes edits to improve readability and several new sections. The Digital Marketing arena is moving quickly, impacting today’s traditional sales and marketing processes. The Second Edition includes a new section on Digital Marketing, reviewing tools, methodologies, and impact for entrepreneurs. Regulatory guidelines for securing capital have changed significantly since the First Edition release in 2015. The regulatory section has been revised and updated with updates on the JOBS Act related regulations and a new section addressing the SEC's 'Regulation Crowdfunding' initiative offering entrepreneurs new alternatives to secure financing.

Branding and Sustainable Competitive Advantage: Building Virtual Presence

Branding and Sustainable Competitive Advantage: Building Virtual Presence
Author: Kapoor, Avinash
Publisher: IGI Global
Total Pages: 294
Release: 2011-09-30
Genre: Business & Economics
ISBN: 1613501722
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Successful brand building helps sustain relationships with consumers, creating long-term sustainable competitive advantage and protecting businesses from market turbulence and uncertainties. Manufacturing processes can often be duplicated in ways that strongly held attitudes established in consumers’ minds cannot. Branding and Sustainable Competitive Advantage: Building Virtual Presence explores the processes involved in managing brands for long-term sustainable competitive advantage. Managers, professionals, and researchers will better understand the importance of consumers’ perceptions in brand management, gain insight into the interface of positioning and branding, learn about the management of brands over time and in digital and virtual worlds, be able to name new products and brand extensions, and discover how marketers develop and apply strategies to position their brands.

Mandated Corporate Social Responsibility

Mandated Corporate Social Responsibility
Author: Nayan Mitra
Publisher: Springer Nature
Total Pages: 254
Release: 2019-08-28
Genre: Business & Economics
ISBN: 303024444X
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This book examines the Indian mandate for Corporate Social Responsibility (CSR) and its implementations in various individual organizations. Although the mandate is applicable only to certain large and stable companies, many believe that India is poised to become the birthplace of social, economic and environmental transformation, given the immense size of the Indian population and its challenging socio-economic index. The book explores the various facets of CSR investigation and places special emphasis on the Schedule VII of the Indian Companies Act of 2013, which defines specific areas of intervention for these companies. In addition, it provides a wealth of first-hand case studies that exemplify the ongoing developments and the fundamental challenges and opportunities of mandated CSR.

Economics of Strategy

Economics of Strategy
Author: David Besanko
Publisher: John Wiley & Sons
Total Pages: 595
Release: 2009-09-22
Genre: Business & Economics
ISBN: 0470373601
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In today's global recession, strong management of firms and organizations are of the utmost importance. Best-selling Economics of Strategy focuses on the key economic concepts students must master in order to develop a sound business strategy. Bringing economic theory and strategic analysis to life in an engaging and uniquely modern way, Besanko et al. have collaborated for over 15 years to build an introductory business course that combines basic concepts from economic theory of the firm and industrial organization with ideas from modern strategy literature. The newly revised 5th edition offers more real-world applications to make materials studied in undergraduate Managerial Economics, Business Strategy, and Industrial Organization courses relevant. Armed with general principles, today's students—tomorrow's future managers—will be prepared to adjust their firms' business strategies to the demands of the ever-changing environment.

Advanced Introduction to Sustainable Competitive Advantage in Sales

Advanced Introduction to Sustainable Competitive Advantage in Sales
Author: Lawrence B. Chonko
Publisher: Edward Elgar Publishing
Total Pages: 160
Release: 2021-05-28
Genre: Business & Economics
ISBN: 1839106506
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This unique Advanced Introduction offers an insight into how sales leaders seek and maintain a sustainable competitive advantage for both organizations and customers. Lawrence B. Chonko explores how sales leaders take professional selling to the next level by focusing on serving the customer. Discussing the key skills of sales leaders - technological proficiency, managing change, and harnessing and using knowledge - Chonko analyzes how sales leaders are distinguished from other sales professionals.