Competitive Advantage Essay Examples

competitive advantage as such business reaches numerous potential customers. “White Rabbit New York” is a retailer based online and deals with lingerie and it is based in the US. The business uses social media networks such as Instagram to influence customers in their 30s and 20s. According to Mariana Hernandez a co-owner of the business when shoppers get to know about a new brand they often look it up on their social network sites and in particular Instagram (Rosenberg, 2017). The business also uses Facebook fan page to post event, stories, as well as the announcement. Besides, Pinterest is used to “pin” link to items for friends to see or for reference. The business also experiments with...

competitive advantage is measured with the market share since it is their primary ability to generate revenue. Competition and its impact on news The attempts of gaining and maintaining a sustainable market share start by meeting the market needs. Specific media companies strive to uphold a high level of professional ethics and filling their corporate social responsibility to please the majority of the public. According to Patterson & Lee, the primary responsibility of the media is to inform the public of the trending event which has a direct or indirect impact on their day to day activities. Wide coverage of news attracts a large audience which eventually restores confidence to the...

competitive advantage as far as technology and innovation are concerned. Therefore, driverless cars represent a great opportunity to develop its leadership position in science and technology. The technology will minimize the aspect of delays because it is a faster means of transport. In the developing world, congestion has proven to be very costly since a lot of time is wasted in traffic jams. The technology will transform people’s lives by reducing the time wasted in traffic jams which would be translated into economic growth. In others words, Driverless cars are likely to change the world regarding the way we do things. According to a study conducted by McKinsey, it was estimated that...

Statistics

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competitive advantage over other research techniques. For instance, the online surveys are economical, fast and reliable in terms responses are given. The flexibility aspect of the survey research enhances it to be administered in various forms which include online, email, paper, and social media among others. This makes the research more successful as various categories of individuals can be reached irrespective of their geographical location and conveniently. Additionally, research survey is extensive in that it can describe a wide range of characteristics of a given population while accommodating a wide range of questions. The large category of research questions helps the researchers to draw...

Health Care

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competitive advantage. The article also mentions the use of the ratio of the staff to the number of beds to determine the quality of the healthcare services offered within a hospital. The ratio also reflects the capacity of the hospital. In order to control the overall expenses incurred by the hospital, the article identifies the following ratio Drug ExpensesTotal ExpensesTo determine the liquidity of the hospital, the article uses the following ratio Accounts and notes receivablesCurrent LiabilitiesApplication of the Financial Concepts to John Hopkins Hospital In applying the Effective Use of Resources formula at John Hopkins Hospital, the hospital can determine the revenues by determining the...

competitive advantage in the business field. In today’s highly competitive market that is characterized by rapid innovation, management of knowledge involved in the development of a new product is crucial in determining the success of a firm. However, it is apparent that many organizations lack the insight of how knowledge management strategies lead to successful new product development. First, creation and administration are some of the key aspects that are given much consideration. In fact, researchers feel that firms that engage in product development must have adequate knowledge and apply them in useful ways. Also, organizations must make efforts to fill the gaps in the areas that they have...

competitive advantage in the sporting goods industry. Businesses should identify their competitors as the engage in any business and come up with strategies to fit in the market (Lipsey, 2006). Companies in this industry should also be ready to adapt to the various forces of change that frequently occur in this industry. Businesses should as well analyze their critical success factors well before venturing into business. References Lipsey, R. A. (2006). The sporting goods industry: History, practices and products. McFarland. Qing-ming, Z. (2008). Study on the Present Situation and Development Countermeasures of China's Sporting Goods Industry . Fujian Sports Science and Technology, 1,...

competitive advantage strategy such as the price or quality of products rather than using traditional methods of enticing clients from existing companies. Economic According to (Yüksel, 2012), Myanmar is prone to natural disasters such as floods that significantly affect its agricultural sector, which contributes about 30% of the economic income in the country. However, other sectors have shown consistent growth such as forestry, fishery, and product manufacturing. In the fiscal year 2016/2017, the economy is projected to grow to about 8.2%, which is better than most of the Asian countries. Also, the manufacturing and processing industry intends to double the employment rate by 2019, which will...

competitive advantage in increasingly data-centric business models. Currently, I am improving my skills in quantitative portfolio management and risk control technologies. During my academic career, I have participated in research activities majorly involving financial and market analyses. In the process, I recognized opportunities for improving my skills, and believe that the core courses offered in the master’s program would add value to my bachelor’s degree in International Business Economics. Firstly, Managerial Statistics will instill an understanding of the basic concepts of probability that are invaluable for analyzing business data. While Business Analytics trains digital modeling and...

competitive advantage. The government can work in conjunction with the private sectors that are carrying out the same duty as the public health cares to make the health sector grow without considering the competitive advantages that these companies may have over the public hospitals as well as other health cares (Goldsmith, 2010). Since the public health sectors are being funded by the government, the private sectors are funded by the individual owners of those hospitals, and therefore the private health cares are more reliable hence should be considered as any other heath cares in the state. A problem of financial uncertainties that is long-term and therefore it also brings a lot of challenge to the...