Purchase Solution

Is it better to concentrate on one source of competitive advantage?

Not what you're looking for?

Ask Custom Question

Do you think it is better to concentrate on one source of competitive advantage (cost versus differentiation versus speed) or to nurture all three in a firm's operation?

Cite references.

Purchase this Solution
Solution Summary

This solution discusses sources of competitive advantage and sustained competitive advantage in 571 words with three APA references.

Solution Preview

To be able to have sustained success, ay business needs to build and maintain a competitive advantage. An understanding of each competitive strategy is essential to any organization in the determination of whether adopting one or multiple of them is of the best interest to the company. While some of the competitive advantages are generic in nature such as cost, each competitive advantage has unique levels of interchangeable qualities within them the foster varying elements of leadership, speed advantages, production and even differentiation. Much in the same way in which businesses are able to attain competitive advantages with cost leadership and even differentiation, they will usually share similar traits (Gupta et. al., 2008).

As a result of this, while looking at cost leadership as a competitive advantage; we would note it having both the elements of speed and differentiation in which the price is quite contrary in nature from competition. Evidently, the nature of speed is such that from it, ...

Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Comparing cost, differentiation and speed

    420459 Comparing cost, differentiation and speed Is it better to concentrate on one source of competitive advantage (cost versus differentiation versus speed) or to nurture all three in a firm's operation?

  • McDonalds Strategic Management

    Do you think it is better to concentrate on one source of competitive advantage (cost versus differentiation versus speed) or to nurture all three in a firm's operation? What are the advantages and disadvantages?

  • New system Purchased,developed in house

    In other cases, a company can outsource new systems if it wants to concentrate on the activities that it does most beneficial, the activities where it arrives at competitive advantage.

  • Google: Comprehensive Strategic Plan

    However, to have sustainable competitive advantage, it should inventory it s core competencies. For example, one of the key core competencies of Google is to develop innovations.

  • Competitive advantage impacts and influences an organization

    As indicated in one online source, having a competitive advantage would allow an organization to generate greater sales or margins and/or retain more customers than its competition.

  • Relevance of the resource-based view of the firm

    Most of the tangible resources may not have these characteristics and hence organisations have to focus on intangible assets to be a source of competitive advantage.

  • Competitive Advantage in Strategic Management

    Building on Porter's notion of competitive advantage, the resource based view of strategy argues that the resources and capabilities of an organization can be a source of competitive advantage if they processes certain characteristics of being rare, durable

  • Maintaining competitive advantages

    How it is maintained According to Zimmerer and Scarborough, gaining a competitive advantage is a moving target and not necessarily a permanent one.

  • Social media provides an organization with a new competitive

    Using social media as a source of recruiting could help the company to gain a competitive advantage over others as they could have access to a large mass of people at the same time.

View More Related Solutions