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Competitive Advantage in Business Strategy

This document contains 3 questions related to business strategy for a management course. Question 1 asks about the relationship between the four generic building blocks of competitive advantage: efficiency, quality, innovation, and responsiveness to customers. The response explains that these blocks are related to each other, as achieving quality reduces costs and waste, leading to efficiency, while superior quality builds customer responsiveness. Innovation allows companies to better serve customer needs. Achieving efficiency, quality, and innovation all contribute to customer responsiveness. Question 2 asks about how companies can use product differentiation and capacity control to manage rivalry and increase industry profitability. Question 3 asks when companies are likely to choose related diversification versus unrelated diversification.

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Rajesh Singh
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48 views1 page

Competitive Advantage in Business Strategy

This document contains 3 questions related to business strategy for a management course. Question 1 asks about the relationship between the four generic building blocks of competitive advantage: efficiency, quality, innovation, and responsiveness to customers. The response explains that these blocks are related to each other, as achieving quality reduces costs and waste, leading to efficiency, while superior quality builds customer responsiveness. Innovation allows companies to better serve customer needs. Achieving efficiency, quality, and innovation all contribute to customer responsiveness. Question 2 asks about how companies can use product differentiation and capacity control to manage rivalry and increase industry profitability. Question 3 asks when companies are likely to choose related diversification versus unrelated diversification.

Uploaded by

Rajesh Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

EPGDM ASSIGNMENT - MGT 411 – BUSINESS STRATEGY – TERM 3.

1. How are the four generic building blocks of competitive advantage related to each
other? ( 10 Marks)
2. Discuss how companies can use (a) product differentiation and (b) capacity control to
manage rivalry and increase an industry’s profitability. ( 10 Marks)
3. When is a company likely to choose (a) related diversification and (b) Unrelated
diversification? ( 10 Marks)

Question [Link] are the four generic building blocks of competitive advantage related
to each other?

A n s . T h e f o u r g e n e r i c b u i l d i n g b l o c k s o f c o m p e t i t i v e a d va n t a g e :
e f f i c i e n c y , q u a li t y , innovation, and responsiveness to customers.T h e y a r e
firmly elated to each other. Since it reduces waste, the
t i m e spent settling imperfections,and the expense of after deals administration and
support,accomplishing prevalent quality has a key positive effect on potency.
Besides, seeing thats up e ri or q ua li t y i s e st e e me d b y cli e n t s b ui lds t he
comp a n y’s cust ome r re sp on si ve n e ss. C o r r e s p o n d i n g l y , t h e c a p a c i t y t o
r a p i d l y d e v e l o p i n v e n t i v e n e w i t e m s w i l l b u i l d a n organization’s capacity
to serve its customers interests. Lastly, it is critical to stay as a primaryconcern that
accomplishing predominant potency, quality, and advancement are all 50%
ofaccomplishing prevalent customer responsiveness.

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