Essays on Competitive Edge Sustainability Evaluation Essay

Download full paperFile format: .doc, available for editing

The paper “ Competitive Edge Sustainability Evaluation” is a well-turned variant of the essay on business. In the wake of rising global competition, there is an increasing need for organizations to develop sustainable competitive edges. In this regard, such competitiveness edges are aimed at ensuring that the organization retains an upper hand over its market competitors. However, in the development of such a market competitiveness edge, it is vital that an organization understands its internal systems correctly. This essay offers a critical evaluation of what constitutes a sustainable competitive edge in an organization.

This is achieved through the four specific criteria of value, rareness, immutability difficulty, and organizational ability to exploit the competitive edge. This criterion is often represented through the VRIO model. In a further attempt to ensure that the organizational sustainable competitiveness aspect is understood, the essay lays a strategic foundation through an exploration of the elements of resources, capabilities, and core competencies. The main focus at this point is to establish how they relate to one another and essentially their relation and contribution to the formulation and development of a sustainable competitive edge. Background AnalysisThis essay section offers an analysis of the different competitive sustainability elements in n organization, as well as their relation and connection to one another. ResourcesIn the review and analysis of organizational resources, the resource-based theory (RBV) is a key analysis tool.

The theory argued that an organizational resource is an asset in an organization that enables the venture to meet its mission and vision goals. In this regard, unlike earlier perceptions of organizational resources the RBV model argued that the resources can be classified into two main categories, namely the tangible and the intangible assets respectively (Enders, 2004, p. 12).

On one hand, the tangible resources are the most obvious and commonly seen in an organization. Such assets include the organizational financial stability levels, premises, and capital assets among others.

References

Altekar, R. V. 2005, Supply chain management: Concepts and cases, Prentice-Hall of India, New Delhi

Apple Company, 2016, Inclusion inspires innovation, [Online] Available at: < http://www.apple.com/diversity/> [Accessed: 22nd March 2016].

Denning, S., 2015, How Agile and Zara Are Transforming The US Fashion Industry, Forbes. [Online] Available at: < http://www.forbes.com/sites/stevedenning/2015/03/13/how-agile-and-zara-are-transforming-the-us-fashion-industry/#79ce8de2c557> [Accessed: 22nd March 2016].

Diaz, P. 2014, Tourism as a tool for development, WIT Press, Southampton

Enders, A. 2004, Management Competence: Resource-Based Management and Plant Performance, Physica-Verlag, HD Heidelberg

Hafeez, K., Zhang, Y., & Malak, N. (2002, ‘Core competence for sustainable competitive advantage: A structured methodology for identifying core competence’, Engineering Management, IEEE Transactions on, vol. 49, no. 1, pp. 28-35.

Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. 2007, Strategic management: Competitiveness and globalization : concepts, South-Western Mason, OH

Ruddick, G., 2014, How Zara became the world's biggest fashion retailer, Telegraph. [Online] Available at: < http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11172562/How-Inditex-became-the-worlds-biggest-fashion-retailer.html> [Accessed: 22nd March 2016].

Ulrich, D., & Lake, D. G. 1990, Organizational capability: Competing from the inside out, Wiley, New York

Wang, V., & Carayannis, E. G. 2012, Promoting balanced competitiveness strategies of firms in developing countries, Springer, New York

Download full paperFile format: .doc, available for editing
Contact Us