(PDF) Building a Sustainable Competitive Advantage

Added on - 21 Feb 2021

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SUSTAINABLEADVANTAGE
TABLE OF CONTENTTable of ContentsINTRODUCTION...........................................................................................................................11.Proprietary elements — patents, trade secrets and many more aa the competitive firm cannotlikely imitate the product............................................................................................................12. Business develop and employ superior organizational processes, capabilities or resourcesthat others would have difficulty in duplicating or imitating?....................................................13. business model economically viable i.e that company won’t run out of cash quickly?.........2That depends upon the answers to these questions related to working capital cycle-................2CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................5
INTRODUCTIONIn the world economy has received a higher level of globalization with the help oftechnological advancement, scarcity of resources and abundance of managing sustainabledevelopment. With the reach of increasing knowledge and expertise. There are more companiesthat have entered competitive world. for the efficient management of resource, they are engaginginto sustainable development(World Health Organization, 2016). There was research in the topthree countries that is china, Finland and Malaysia where it is found out that the furnitureindustry is best platform for global manufacturing strategy research. The analysis of USP will bedone and major compensate will be identified with contribute in competitive advantage ofindustry.1.Proprietary elements — patents, trade secrets and many more aa the competitive firm cannotlikely imitate the product.So the USP for ' Tech Furniture' is Quality product along with customer satisfaction.Yes , there is the requiremt of patent and trade secret for the maintaining the identification of thefirm in competitive market as to develop the competitive advantage in the development ofprofit(Grey and Tarascon, 2017). With the help of patent the impact will be that the competitorcannot copy the design patten and texture. If they try to do that then the company is liable to filea legal case against them.2.Business develop and employ superior organizational processes, capabilities or resources thatothers would have difficulty in duplicating or imitating?VRIO analysis of ' Tech furniture'Value-the value of financial resources, marketing expertise, and the there resource are making itmore valuable. The company is staring at credit furniture which making something differentfrom competitor.Rare-as the furniture is credit furniture are the valuable furniture as it is costly to attain the valueof that. Due to this the competitor can easily enter to the market(Sachs, 2015).Imitate- imitation can be done in two ways in which ether duplicating the product or by creatingthe substitute of product. But due the presence of patents and trade secrets it is a impossible tonduplicate but the competitors can reproduce the substitute.1
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