We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Managing Value for Competitive Advantage Company Analysis - Essay Example

Comments (1) Cite this document
An author of this paper critically evaluates literature to discuss the importance of “creating and adding value for the stakeholder” as a key requirement for sustained competitive advantage in the 21st-century organizational environment in a way of examining Toyota company strategy.
Download full paperFile format: .doc, available for editing
Polish This Essay98% of users find it useful
Managing Value for Competitive Advantage Company Analysis
Read TextPreview

Extract of sample
"Managing Value for Competitive Advantage Company Analysis"

Download file to see previous pages The rapid changes in business environment in the 21st century demand that businesses reinvent themselves in order to remain relevant. The economy has changed from being commodity based to become a knowledge –based one. Sources of value creation have shifted from tangible assets to intangible things. Advances in technology and globalization have given the issue of making networks and building long-term relationships more prominence (Castell, 2000). Simply put, in the information age, the flow of communication plays a vital role in enabling the business to succeed.
According to Freeman, the term stakeholder may be defined as any group or individual who are in a position to affect or be affected by a company’s objectives. The type of interests that the stakeholders have in a company differs. For instance, investors have a stake in the equity of the firm. In addition, other direct stakeholders such as customers, employees, suppliers and competitors have a stake in the financial success of the company. Wheeler and Sillanpaa (1997) also included individuals and groups that speak for the environment, non-human species and future generations in the list of stakeholders. This type of stakeholders is interested mostly on the impact that the firm has on people and on the environment.
Further, Freeman states that there are two fundamental issues that should be articulated in the analysis of stakeholder theory and value creation (1994). First, the fundamental question on the purpose of the organization must be answered. This sets the stage for the management to elaborate on the core function that the firm engages in. The shared purpose of the value that the organization creates helps to rally the stakeholders to work hand in hand towards achieving their goal. The second issue that should be considered is about the responsibility of the management to the stakeholders. It is accepted that sustainable economic value can only be created by the voluntary coming together of people to improve the wellbeing of each other. It is imperative the organization outlines how it intends to do business and precisely the kind of relationships it intends to build with the stakeholders. Creating value for stakeholders provides a win-win scenario for both the firm and the stakeholders (Jones et al, 2002). When a company creates products and services that customers are willing to buy, offering rewarding jobs that ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Managing Value for Competitive Advantage Company Analysis Essay”, n.d.)
Retrieved from https://studentshare.org/management/1396932-managing-value-for-competitive-advantage
(Managing Value for Competitive Advantage Company Analysis Essay)
“Managing Value for Competitive Advantage Company Analysis Essay”, n.d. https://studentshare.org/management/1396932-managing-value-for-competitive-advantage.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
klingmyles added comment 3 months ago
Student rated this paper as
Great work done on the "Managing Value for Competitive Advantage Company Analysis". I think it is the best research paper I have seen so far.
Globalization: Analysis of Competitive Advantage
In the present day and age, it is even more difficult to find sources of sustainable competitive advantage than it was ever before, with constant changes in strategy to cater for changing realities and frequent action to take advantage of emerging opportunities.
22 Pages(5500 words)Essay
Adding Customer Value to Your Financial Prganisation for Competitive Advantage
Purpose The overall purpose of this paper is to inform the Board about adding customer value to our bank in order to achieve the competitive advantage. Through this Board Paper, worthy members of Commonwealth Bank’s Board will contemplate upon the creation of competitive advantage for the bank by adding customer value.
5 Pages(1250 words)Essay
Managing capability of Ford Motor Company

The conclusion from this study states that the profit earning capabilities of a resource or capability depends upon appropriability and sustainability of competitive advantage. The strategy should be designed for determining the potential capabilities and resources. On the very first stage, capabilities should be selected by the way of identifying, ranking.

12 Pages(3000 words)Coursework
A multinational company maximises its competitive advantage by controlling its own supply chain. Discuss
Organization such as Coca-Cola have developed numerous strategies of dealing with the issue of control and maintenance of the supply chains in accordance to the corresponding business comparatives considering the presence of the already existing rival companies and the environment in , which the numerous stores outlets are located.
10 Pages(2500 words)Essay
Managing for Competitive Advantage
significant improvement in customer service/relations and management included a new innovation in marketing management, which proves to be potentially beneficial for customer service. This marketing management consideration related to the tills for more automated checkout in
10 Pages(2500 words)Essay
Managing for Competitive Advantage
This report will analyse their strategies and compare their approaches on Marketing, HR, Operations and Financial Management. The
10 Pages(2500 words)Essay
Acheiving Global Competitive Advantage
Toyota Motor Corporation (Toyota or TMC) is a global leader in auto manufacturing. Toyota has such a prime global standing because currently in Japan it has 12 plants, and also has 51
8 Pages(2000 words)Essay
The Netflix Approach to Compensation. Case Study Analysis from a managing people for competitive advantage perspective
He employs other management practices that will enable employees to perform effectively in the business environment. This includes motivation and compensation practices, which have outstanding features. Netflix employs a compensation model that offers employee
8 Pages(2000 words)Essay
A critical analysis of how to gain competitive advantage and managing in hospitality industry through management of cultural diversity
This wide practice of travelling to different parts of the world became popular especially after globalisation. The various corners of the world were
10 Pages(2500 words)Essay
Module: Managing Competitive Advantage
business management, there have been a lot of economic liberalizations, which have increased the number of business activities, thus creating extreme competition. The competition being witnessed in many industries mean that consumers are the major beneficiaries. First, they are
12 Pages(3000 words)Essay
Let us find you another Essay on topic Managing Value for Competitive Advantage Company Analysis for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us