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Competitive Strategy PDF

   

Added on  2020-09-17

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COMPETITIVE STRATEGY

Table of ContentsINTRODUCTION...........................................................................................................................11.Strategies of two different educational institutes................................................................13. CAGE framework in education industry............................................................................31. Application of CAGE framework in higher education.......................................................42. Cultural Differences...........................................................................................................53.Administrative differences between Australia and Malaysia..............................................64.Geographic impact on the economy of a country................................................................65. Economic factors................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONStrategy is the life and blood for an organisation which will help the organisation toperform better than its competitors. Besides this, it will also help the company to build a betterconnection with its stakeholders and customers. The company of the context is University ofSydney and Monash University, working in education sector in Australia. The report will includethe details of the strategies and collaborative measures that are been taken by the universities tomanage their functionalities.1.Strategies of two different educational institutesStrategies are the life of organisations. They ensure further success of the institute inmarket. It contains the plan plus process which will be implemented in action. This helps thecompanies in many ways. It sets the guidelines which are to be followed throughout the processof some activity or change. Strategies are needed in educational institutes as well. There aremany activities which are performed in these institutes for which they need effective strategy tobe implemented (Acquaah, Amoako-Gyampah and Jayaram, 2016). There are two Australianeducational institutes which had implemented effective strategies in their working style forfurther growth and development. Those institutes are University of Sydney and MonashUniversity. Strategies of these educational institutes are as follows:Strategy of University of SydneyThis University is one the leading educational institute in Australia. It has many visionsand values in which direction the whole institute is working. They want to make saferenvironment in the campus. Their focus is on the leadership qualities which can lead the studentsto better future. This educational institute give the place which is better to learn (Acquaah,Amoako-Gyampah and Jayaram, 2016). They provide equal opportunity to their all students. Inaddition, they provide many facilities and activities which can be chosen by considering theirpassion. They effectively overcome their weakness and try to make them their strengths. Thiseducational institute is also one of the Australian topmost considerations. They have very strongreputation in the world. They are considered to be one of the best in learning sector. The citedorganisation has vision to graduate those students who have capabilities, skills, knowledge whichcan be used for making the world a better place to live. They create that environment which isuseful for the learners to excel and develop their qualities and characteristics. 1

University of Sydney have many strengths. They provide many global opportunities totheir students. Students who study in this institute comes out having many leadership skills.Moreover, it is one of the world's best research institute. Weaknesses of this institute is negligible because they had converted their weak pointsinto their strengths that's why they are leading in the education industry (Barney, 2014). In thepast years, cited institute had faced some legal issues but they coped it up with their efficiency. There are many competitors of the University of Sydney. One of them is MonashUniversity. They work very hard and uses their strengths to the fullest to gain the competitiveadvantage. Their effective infrastructure grabs the attention of many students. They had the bestgeographical location among their competitors. University also faces high competition in thisindustry (Park and Hwang, 2016). There are many competitors for them. They perform manyactivities which leads them to gain competitive advantages.There are many unique qualities in the cited institute which makes them different fromothers. Students prefer this university because they provide many opportunities to them. Thebest employment facilities are given to students of this institute (Guo, Meier and O'Toole, 2013).Along with this, many new experiences are given to learners. They are providing and creatingsafe and secure environment for everyone to learn and get developed. Also, they give focus ondeveloping leadership skills of their members. Many ranges of activities and courses areprovided which gives students choice to select the best on for them in accordance with theirinterest and potential. They are trying to have sustainable performance by doing many activitieslike saving energy and water, managing waste, making improvements by recycling etc. Thisquality of them makes this institute more unique which catches everyone's eye (Barney, 2014).That's why students choose University of Sydney out of all other educational institutes forlearning. These are some unique qualities of cited organisation which makes it different andbetter than others. This educational institute is preferred by the students because they are givingquality educational services (Guo, Meier and O'Toole, 2013). They bring out high spirit in theirlearners which make them to work hard and get successful in the future. Ethical behaviour isfollowed by all its members whether teachers or students. There is the best faculty who motivatetheir students to gain excellence in the field in which they are interested or in which they havepotential to excel more. 2

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