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

Definitions of management, Definitions of management Several definition...

Definitions of management Several definitions of management have been given by different scholars. Mary Follet defined management as "having work done through others." Another

Swot analysis, SWOT Analysis is constituted with strengths, weaknesses, opp...

SWOT Analysis is constituted with strengths, weaknesses, opportunities and threats. It is the analysis that to identify the internal and external factors relate to the organization

How do i get my project organized, Q. How do I get my project organized? ...

Q. How do I get my project organized? Every project that involves surplus to one person requires a project team to get the work done. With no doubt building a motivated project

Implement a cost effective training and development plan, Question 1: W...

Question 1: What are the challenges an HR manager may confront when it comes to managing people dealing with cultural diversity? Question 2: One of the HR practices in

Project management, • What do you consider are the leadership skills requir...

• What do you consider are the leadership skills required of a project manager in relation to the processes involved in managing complex projects? • In any project it is important

Performance measurement - elements of tqm, Performance measurement: Pe...

Performance measurement: Performance measurement needs to be based upontimely measures of, and feedback on, performance. It provides information ontoday's service and gives an

The type of culture to which s company now needs to change, S Company has f...

S Company has for many years been a long standing household name, designing and manufacturing electrical appliances for use in the kitchen. It has developed a strong culture over t

Why flf should undertake competitor analysis, FLF is a courier company base...

FLF is a courier company based in Z Country which presents direct document and parcel express delivery services for commercial customers. It prides itself not only on its reliabili

Misconceptions and pitfalls, The followings is a list of some of the comm...

The followings is a list of some of the common misconceptions that should be understood by those claiming to have used quality by design: 1. Quality by design is not simult

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