Reference no: EM132226893

Competitive Advantage and Globalization

An example of globalization strategies can include an organization’s ability to leverage resources that deploy factors of production for accessible transportation to poor rural populations in need of food and supplies. Realizing the high risk involved in accessing certain rural areas can provide a unique advantage over competitors, and an implementation factor that is not easily imitated. Unique, innovative, affordable, and easily accessible transport services can lead to a sustained competitive advantage. Resources; such as, off-road equipment, guides, and translators are factors of productions that must be cost-effective and not so easily attainable by competitors. Barney (2012) mentioned, “When strategic factor markets are competitive, the value of the resource can create a competitive advantage in the product market.” In other words, the cost to compete (factor market) must be efficient for the competitive advantage to exist in the product market. (Barney (2012) further stated, “It’s possible for a firm to gain competitive advantage in the product market area, and then have it eaten away in the factor market.” Amazon knows no bounds when it comes to having a competitive advantage in the market place. The use of drones as a global strategy is something the average consumer could have never imagined 10 to 15 years ago. With supply chain and global factor market, Amazon’s global presence gives the organization an unmatched advantage in today’s ecommerce product market.

Project management principles are critical to workflow logistics, as it is important to establish benchmarks, develop timelines, set deadlines, assign duties, ensure accountability, and evaluate and measure progress.