Discussion-competitive advantage and globalization

Assignment Help Operation Management

Reference no: EM13813149

Discussion-Competitive Advantage and Globalization

Competitive advantage implies the creation of a system that has a unique advantage over competitors. With the advent of globalization, the competition has become stronger and can be located anywhere in the world. The idea behind competitive advantage is to create customer value in an efficient and sustainable way. One approach to address this issue would be the use of resource-based theories of competitive advantage.

Resources are not simply raw materials but include all the inputs, such as intellectual capital, necessary to produce a good or service. Consider this as you address globalization strategies for Fortune 500 firms in this assignment. Be mindful of constraints, such as transportation costs and cultural barriers, as you complete this assignment.

Review the article "Resource-Based Theories of Competitive Advantage: A Ten-Year Retrospective on the Resource-Based View" by J. B. Barney from the readings for this module.

Based on your analysis of this article and other readings for this module, respond to the following:

Explain how resource-based competitive advantage drives globalization strategies for Fortune 500 firms.
Why are application of project management principles critical to effective business operations?

Substantiate your response with properly cited examples. Write your initial response in 300-500 words. Apply APA standards to citation of sources.

Reference no: EM13813149

Questions Cloud

Why did english religious dissenters settle in new england : why did English religious dissenters settle in New England. How did the Puritan authorities deal with dissent

Impact that technology has had on our society : What is the impact that technology has had on our society? What would our world be like without it?

Why six-sigma efforts do not apply to software : "Why Six-Sigma Efforts Do Not Apply to Software" consider a situation where you are working for a large software development company that is considering applying the Six-Sigma quality constraints to the software it produces

Determine how sensitive the bond valuations are : Looking at the duration and convexity of three bond issuance. Determine how sensitive the bond valuations are to changes in interest rates. Value the bonds if interest rates rise, fall, or remain unchanged.

Discussion-competitive advantage and globalization : Competitive advantage implies the creation of a system that has a unique advantage over competitors. With the advent of globalization, the competition has become stronger and can be located anywhere in the world.

Climate change patterns around the world : Climate Change Patterns Around the World

What forms of power do you personally have access : What sources and forms of power do you personally have access to. Are any denied. What power do you have to affect the politics at any level. Have you been involved in politics of community activism of any kind. It's fine if you have not, but if y..

About communications channels : Communications channels

What does chance favors only the prepared mind mean to you : What does "Chance favors only the prepared mind" mean to you? How does it relate to your approach to math and science classes?

User Account

All Pages