Examples of advantageous in the following topics:
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- Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
- Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
- Competitive advantage seeks to address some of the criticisms of comparative advantage.
- Michael Porter proposed the theory of competitive advantage in 1985.
- The 640GB drive has a competitive advantage over the 500GB drive in terms of both cost and value.
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- Absolute advantage and balance of trade are two important aspects of international trade that affect countries and organizations.
- Absolute advantage and balance of trade are two important aspects of international trade that affect countries and organizations .
- Adam Smith first described the principle of absolute advantage in the context of international trade, using labor as the only input.
- Since absolute advantage is determined by a simple comparison of labor productivities, it is possible for a party to have no absolute advantage in anything; in that case, according to the theory of absolute advantage, no trade will occur with the other party.
- The European Free Trade Agreement has helped countries international trade without worrying about absolute advantage and increases net exports.
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- Organizations use intermediaries in order to allow themselves to focus on their core competency and/or competitive advantages.
- This creates the economic advantage of specialization, and enables multiple strategic partners to collaborate on the design, production, and distribution of countless goods and services.
- A few key advantages in a general sense include:
- Additionally, whomever the intermediary is shares this advantage.
- These organizations have developed scale while perfecting their process, an advantage a small organization will find nearly impossible to duplicate.
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- The advantages of a sole proprietorship versus other forms of organizations is the relative ease of set-up and the lower start-up costs.
- This form of business has several advantages .
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- Partnerships are easy to establish and carry many advantages, however there are risks due to the concentrated ownership structure.
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- With the profit margins of remanufactured goods as high as 40%, however, one can only wonder why more businesses aren't taking advantage of this practice.
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- They also provide opportunities for the organization to achieve unique competitive advantages that attract and keep customers.
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- The 3M Company is a good example of the strategic importance of transforming inputs into outputs that provide competitive advantage in the marketplace.
- In the VHS tape market, 3M had no proprietary manufacturing advantage, as there were many Asian competitors that could produce high-quality, VHS tape at lower cost.
- The 3M Company is a good example of the strategic importance of transforming inputs into outputs that provide competitive advantage in the marketplace.
- In the VHS tape market 3M had no proprietary manufacturing advantage, as there were many Asian competitors that could produce high-quality VHS tape at lower cost.
- Analyze the importance of operations management in protecting an organization's competitive advantage
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- Nations export products for which they have a competitive advantage in order to import products for which they lack a competitive advantage.
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- An acquisition strategy for a fast-growing start-up can bring many advantages.
- Vertical integration can sometimes bring advantages of cost or differentiation.
- Cost advantages can arise either through buying or building up cheaper distribution channels (forward integration), or cheap inputs (backward integration).
- Advantages of differentiation can be obtained by distribution channels or inputs which stand out from those of competitors (cf.