StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Using a range of company examples from global retailing, critically review the extent to which you think competitive advantage is due to the possession of unique resources - Essay Example

Comments (0) Cite this document
Summary
Competitive advantage provides organizations necessary source to distinguish themselves from others and based on this advantage, they dominate their respective industries. There can be different sources of competitive advantage and organizations use them to achieve a distinctive…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Using a range of company examples from global retailing, critically review the extent to which you think competitive advantage is due to the possession of unique resources
Read TextPreview

Extract of sample "Using a range of company examples from global retailing, critically review the extent to which you think competitive advantage is due to the possession of unique resources"

Download file to see previous pages Gaining competitive advantage by using the resources of the firm can include access to natural as well as other resources which can help organizations to stay ahead of the competition.
This paper will discuss about four firms from retail industries and will discuss as to whether the competitive advantage possessed by each of the firm is based upon the unique resources possessed by them. By using different strategic frameworks and theories, this paper will focus upon how firms like Tesco, Carrefour, Wal-Mart and Aeon use their unique resources to gain competitive advantage and remain at the top of their industry. Frameworks and theories which will be used for analyzing the above thesis will range from Porter’s five forces model, Value Chain analysis, VRIO as well as Core Competences. By using these frameworks, this paper will analyze and explore as to how leading firms in retail industry has been able to use their unique resources to remain at the top of industry in which they are operating.
Competitive Advantage is considered as the strategic advantage firms have over their competitors in the industry they operate. Achievement of a competitive advantage actually strengthens the position of a firm in the industry and business environment they operate. Competitive advantage theory suggests that businesses should produce and sell high end products and sell them at higher prices in the market. Michael Porter who outlined this theory suggested that organizations need to possess attributes or group of attributes which can actually distinguish them from others in the market. Competitive advantage is based upon the notion of resource based view which outlines that organizations can have certain resources which can actually distinguish from others in the industry. (Stalk, 1992)
The resource based view suggests that firms possessing competitive advantage are primarily based upon the application of resources which are at the disposal of the firms. This ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Using a range of company examples from global retailing, critically Essay”, n.d.)
Using a range of company examples from global retailing, critically Essay. Retrieved from https://studentshare.org/management/1595032-using-a-range-of-company-examples-from-global-retailing-critically-review-the-extent-to-which-you-think-competitive-advantage-is-due-to-the-possession-of-unique-resources
(Using a Range of Company Examples from Global Retailing, Critically Essay)
Using a Range of Company Examples from Global Retailing, Critically Essay. https://studentshare.org/management/1595032-using-a-range-of-company-examples-from-global-retailing-critically-review-the-extent-to-which-you-think-competitive-advantage-is-due-to-the-possession-of-unique-resources.
“Using a Range of Company Examples from Global Retailing, Critically Essay”, n.d. https://studentshare.org/management/1595032-using-a-range-of-company-examples-from-global-retailing-critically-review-the-extent-to-which-you-think-competitive-advantage-is-due-to-the-possession-of-unique-resources.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Using a range of company examples from global retailing, critically review the extent to which you think competitive advantage is due to the possession of unique resources

Literature review on competitive advantage

...and thus gains competitive advantage: Figure 3: Proposed Framework for IT Adoption in an Organization (Chen and Tsou, 2007) 3. Examples of Competitive Advantage Apple and Microsoft are globally recognized names in the field of computers. Klein (2009) pointed out that Apple had the opportunity to launch the first personal computer in the market. It was predicted that the first mover’s advantage would become a source of long term competitive advantage for the company. However, Schoettler (2006) pointed out that the loss of competitive...
11 Pages(2750 words)Essay

Competitive Advantage

...purchasing criteria of a crucial group of clients. Similarly, sustained competitive advantage results from long-term difference between goods and services of one company and the products of its rivals in the customers’ mind. I will analyze the significance of creating better core competencies, strengths of resources, and capabilities of the organisation can be a crucial way of attaining competitive advantage. It will also examine the ethics and social responsibility and its role in creating and sustaining competitive advantage in an organisation. Discussion In the modern business environment,...
5 Pages(1250 words)Research Paper

Competitive Advantage

...in the marine power systems provision. This has been possible due to the 1999 company's acquisition of the Vickers marine company. The Rolls Royce is focusing on new product investment enabling it to take advantage of the common use of gas turbines making them succeed in that line of business. This becomes a source of competitive advantage over the other firms engaging in similar businesses. The company has borrowed ideas from Purdie (1996) of doubling on investment and investing using new technological levels. These has been very instrumental in ensuring that the...
8 Pages(2000 words)Case Study

A Conceptual Model of E-Business

...-business deployment. The use of e-business technologies dramatically lowers barriers to entry in many industries. At the same time, market competition is greatly expanded because of the global accessibility these technologies offer. Shin's model uses McCarthy's four marketing mixes (product, price, promotion, place) in responding to Porter's five competitive forces (threat of new entrants, rivalries among existing firms, threat of substitutes, bargaining power of suppliers, bargaining power of buyers). For example, Shin suggests that bundling products makes it more difficult for customer to compare prices of individual items....
90 Pages(22500 words)Coursework

Firm Resources and Sustained Competitive Advantage

...as a result of their ability to position themselves in the market and exploit resources. However, the values of competitive advantage are under threat as a result of increasing competition, and also the volatility in the market. For example, clothing companies were able to exploit the low cost labour market in some parts of the world, but improved communication links and the Internet have resulted in public outcry over perceived exploitation. The countries involved in supplying these companies have also benefited from the infrastructure and equipment injection which has resulted in an increase in wages. This suggests...
7 Pages(1750 words)Assignment

Competitive advantage

...Introduction Organizations around the world have been devising and implementing numerous strategies for decades in order to gain competitive advantage in their line of operations. Some of these strategies involve integration of their operations pertaining to the supply chain. In so doing the organization tries to look into the costs it incurs in the whole production process and the amount of control it has over each and every process. When considering vertical integration strategy for example, an organization looks into managing its supply chain from both the supplier’s and the client’s sides (Ellram 1991). This is a trend that is popular mostly with retailers who wish...
6 Pages(1500 words)Essay

Acheiving Global Competitive Advantage

..., and if this is offered in economic prices- the company will gain tremendously. Moreover, the idle facilities of the company can be well-used. 3. Stability: TMC plans to maintain a strong financial base. The company aims to maintain sufficient liquidity. This is needed to develop future-generation technology as per the requirements of the society (Toyota Annual Report, 2009). This is the overall pattern followed by Toyota for organizational development in different arenas. We in this article will emphasize on how the firm organizes its international business to achieve global competitive advantage. Toyota and its...
8 Pages(2000 words)Essay

Competitive Advantage

...sells in cash, as opposed to the competitors who offer cash and credit card services. Creating consumer awareness is a vital marketing tool (Daviron & Ponte, 2006). Tim’s Coffee Shoppe has not invested enough in advertising. This has given the rivals an added advantage over Tim’s Coffee Shoppe. Tim Hortons undertakes intensive and extensive advertising, thus constituting a major strength in that line. There is need for Tim’s Coffee Shoppe to diversify its advertising strategies and practices. In conclusion, Tim’s Coffee Shoppe outperforms Queequeg’s Coffee in terms of general competition, but it is outperformed by Tim Hortons in the same respect. To stand out over the competitors, Tim’s Coffee Shoppe...
4 Pages(1000 words)Research Paper

Competitive Advantage

...a particular brand purchased, and have the willingness to purchase it another time comfortably. Speed should also be factored in a company’s competitive advantage since; it provides efficiency in the delivery of goods and services. Consequently, having fair and reliable distribution channels is an added advantage to any company. A reliable delivery service with a strong distribution network plays a major role in attracting a large client base for the company (Pearce & Robinson, 2012). In conclusion, it is therefore essential for any company willing to expand and grow above its competitors, to adopt all the three...
1 Pages(250 words)Assignment

Competitive Advantage

...Barnes & Noble is the industry leader in the book industry. The company generated $7.13 billion in sales in (Barnesandnobleinc, . The organization holds various competitive advantages over a small bookstore. As a public company whose stocks are traded in the New York Stock Exchange Barnes & Noble has greater access to capital than small bookstores. The firm has the ability to raise capital through the sale of stocks and bonds. The company also has a superior marketing and advertising budget which has enabled Barnes & Noble the ability to build brand value. Barnes & Noble has the greatest product variety in the industry in both books and e-books. Due to the size of the company the firm is in a better position to offer lower prices... . The...
1 Pages(250 words)Assignment
sponsored ads
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.

Let us find you another Essay on topic Using a range of company examples from global retailing, critically review the extent to which you think competitive advantage is due to the possession of unique resources for FREE!

Contact Us