How to achieve competitive benefit, Project Management

Assignment Help:

DF Company, a relatively new company, is in the business of designing and building farm equipment and machinery. Whilst it has been winning in its first few years of operation, sales are now in decline as competition in the industry has intensified and there is greater rivalry among competitor organisations.

A review undertaken by consultants has recommended that, in order to gain sustained competitive advantage, the company needs to establish the basis on which it can compete more effectively against its rivals in the future.

Describe the concept of competitive advantage and contain reference to the different bases DF Company could use to achieve competitive benefit. 

Competitive benefit is anything that can give an organisation an edge over its rivals and competitors. An important aspect of competitive advantage is that it requirements to be sustained over time, rather than being short-lived. It is significant for DF Company to understand on what basis it will seek to achieve competitive benefits since, to be sustainable, it must recognize those activities that competitors cannot easily copy and imitate.  

The basis on which to compete essentially comes down to explaining why customers would choose to do business with DF Company rather than its rivals, or vice versa. The reasons can be categorised in broad.

 


Related Discussions:- How to achieve competitive benefit

Draw an activity-on-arrow network diagram for the project, Question: (a...

Question: (a) Back~to~Future International, a recently setup non-profit organization by the students of Fashion & Design Institute, has decided to organize a fashion show. The

Describe how you would estimate the team leading activity, Describe how you...

Describe how you would estimate the team leading activity. Team leading: This can be worked out by using the 'rule of thumb' which a team leader can efficiently supervise up

Advantages of quality control system, Reduction in Costs : An efficient qua...

Reduction in Costs : An efficient quality control system reduces the cost of production of the product due to reduction in wastage of raw materials, semi finished and finished good

What is the rationale behind the concept of earned value, Question: (a)...

Question: (a) What are the checks/actions to be carried out in a project monitoring meeting? (b) What is the rationale behind the concept of "earned value" in project moni

The range of internal possibilities, Describe the range of internal possibi...

Describe the range of internal possibilities that exist for an organisation wishing to fill a job vacancy. A number of internal possibilities exist for recruitment, short listi

Flexible manufacturing system, Flexible Manufacturing System FMS (Flex...

Flexible Manufacturing System FMS (Flexible manufacturing system) is a computer controlled system. It consists of several stations each geared to different operations. Work st

Back to school crunch at global green books publishi, what risks can you id...

what risks can you identify? why are they risk to global green books publishing?

What are the advantages of top-down centralised approaches, What are the ad...

What are the advantages of top-down centralised approaches? The advantages top-down centralised approaches Project budgets can be imposed by using top-down that is centralis

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd