Competitive Advantage Essay Samples and Topic Ideas
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competitive advantage as far as technology and innovation are concerned. Therefore, driverless cars represent a great opportunity to develop its leadership position in science and technology. The technology will minimize the aspect of delays because it is a faster means of transport. In the developing world, congestion has proven to be very costly since a lot of time is wasted in traffic jams. The technology will transform people’s lives by reducing the time wasted in traffic jams which would be translated into economic growth. In others words, Driverless cars are likely to change the world regarding the way we do things. According to a study conducted by McKinsey, it was estimated that...
Competitive Advantage: Concepts and Cases (20th Ed). New York, NY: McGraw-Hill...
- Words: 275
- Pages: 1
competitive advantage in the market. In this case, a business strategy is the core item behind the competitive and performance capabilities of an organization. In his arguments, Porter explains that the key to understanding the actual concept of a strategy is to first and foremost distinguish it from the operational effectiveness of an organization. In this case, the strategy involves undertaking business operations in a different a manner from that of the rival competitors. As the idea of operational effectiveness concentrates on outdoing other competitors in similar activities, a strategy intends to build a distinctive approach to improve a competitive business advantage in the...
competitive advantage and increase their revenue in future. The project would take a minimum of almost three years and will involve a well-consolidated revitalization strategy. The plan will include creating a new organizational structure in the Electronics section of the company by eliminating the corporate silos and align the departments on a competitive growth. Next, the project will concentrate on improving the company’s profit margins by minimizing cost reductions and increasing sales of Real Estates, the companies non-core assets and the company’s stock. Moreover, the project will introduce mechanisms such as focusing on a single line of electronic products at a time so that the company’s...