Operations Strategies for Gaining Competitive Advantage - Assignment Example

Harrah's Entertainment that operates based on a set of 26 casinos spread around 13 states is found to take resort of a customer loyalty program help gain the advantage of a niche consumer base.... A business company in order to survive in the competitive economic and marketing conditions in its external environment needs to produce its goods and services by focusing on the needs and demands of its customer base.... Hence if the business leader of the company focuses on devising strategies that would help in gaining a larger market share and profitability growth the work of the production, finance, marketing and operation departments needs to be streamlined in such direction also....

hellip; This paper intends to depict the strengths along with the weaknesses of The Cheesecake Factory in order to develop effective strategies for gaining maximum competiveness over others.... Since every market has its own need and nature, strategies of the company should need to be developed accordingly....

The main business that would be competitive with the small shop is a quick service restaurant.... hellip; The author claims that the most important strategy in establishing a competitive business is brand recognition.... It brings about customer recognition and takes time since it requires persistent marketing strategies and delivery of quality products.... Although this is the case, a number of strategies have to be put in mind in case an individual decides to start a new business from scratch....

According to Carr, this is owing to the fact that IT is easily accessible for each and every company in their operation and hence it cannot be implemented as a tool for gaining competitive advantage.... Hence, it cannot be regard as a tool to gain competitive advantage.... Table of Contents Abstract 2 Introduction 4 Company's Profile in the Industry 5 competitive Environment of the Global Retail Industry (Porter Five Forces Analysis) 6 Bargaining Power of the Buyers 7 Bargaining Power of the Suppliers 7 Threat of New Entrants 7 Thereat of Substitutes 8 Intensity of Rivalry 8 Role of Information System in Tesco PLC 9 Analysis and Conclusion 11 Analysis 11 Conclusion 13 References 15 Introduction In today's business scenario, the success and failure of any sort of business depends mainly upon various deciding factors that impose considerable influence on the operations....

By gaining competitive advantages, the company has improved its cost and also, initiated more differentiation in its services.... The author assesses the formation of strategies in the company, competitive advantages due to the strategies, application of strategies using resources, challenges faced by the organization.... It is found that without the essence of competitive advantages, it is not possible for firms to expand and lead in the market....

In this realization, the researchers conducted a market survey to determine both the market share of the existing firms in the traveling industry as well as understanding the thoughts of the market on the operations strategies the companies use.... Whether established, starting from scratch or opening new branches, businesses must always ensure that they Proper operations management offers the management of any organization the chance to put in place proper operation strategies that provide the overall direction, which serves the framework for conducting all the functions of the organization (Clay 2007, 27)....

Such practice calls for the need to implement global marketing strategies such as adapting workable business models and theoretical constructs (Doole & Lowe, 2008).... The company deals with the manufacture and supply of kitchen appliances within the United Kingdom.... Other products include refrigerators, electric… The company history reveals that Indesit was integrated discreetly during the time when it was involved in the production of a range of domestic appliances and at the same time owned overseas locations within Western In the last decade the company has progressively developed despite the challenges....

Cost Leadership, as it sounds, simply means gaining competitive advantage in the market through low cost.... The writer of the essay "Generic Strategies for competitive advantage" suggests that in a market-place where companies crowd to grab the few available customers, a business has to formulate an amicable strategy to win the majority of the buyers and maximize profit.... The Generic Strategies were proposed by Porter so as to help businesses boost their competitive advantage over the others....