Competitive strategy and competitive advantage, Management Theories

Competitive Strategy (Formation of):

A framework builds by Michael Porter that gives a spatial present of the 5 major factors governing the development of a competitive planning. These factors include:

1. Competitive Strategy.    The plan a rigid adopts to compete for market share within a given industry.

2. Company Strengths and Weaknesses.  It's an internal force

This notion refers to a firm's financial, technological, product, and human resources.

3. Personal Values of Key Implements.    Also an inner force, this concept refers to the management style and belief system used by a firm's managers.

4. Industry Opportunities and Threats.    Measured an outside force, this concept refers to the position and performance of a firm's competitors, and how competitors' performance can give rise to risks and opportunity within an industry.

5. Broader Societal Expectations.    Also measured an external force, this concept refers to the societal norms, including legislation and popular opinion that shape a organizations behavior in the marketplace.

Competitive Advantage:

Any series of organizations practices or process which result in that organization creating products or services that consistently surpass the products or services of its competitors. Any business practice that gives a organization an boundary in the marketplace.

Posted Date: 10/15/2012 8:27:25 AM | Location : United States







Related Discussions:- Competitive strategy and competitive advantage, Assignment Help, Ask Question on Competitive strategy and competitive advantage, Get Answer, Expert's Help, Competitive strategy and competitive advantage Discussions

Write discussion on Competitive strategy and competitive advantage
Your posts are moderated
Related Questions

Comment on the nature of management? Is management a science or an art? What are the different levels and describe the role of the people at each level of management?

Assume that you are the Human Resource Manager of a company, explain in detail about the selection process for an administrative officer for the company.

Breast growth harmone

Covariance: A measure of influence of one dependent variable to another, covariance presents the weighted correlation among two dependent variables. Covenant: A se

Diagnose the problem and enumerate the reasons for the failure of D’Cuhna?


The historical evolution of operations management from the rural agricultural era of the artisans to the present day industrial evolution


A company produces electrical metering devices that monitor power quality. The company's fixed cost is $68,000 per month. The variable cost is $80 per metering device. The selling