Book ChapterDOI
Competitive Advantage in Technology Intensive Industries
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TLDR
In this paper, the authors introduce the meaning of competitive advantage and posits that a firm's strategy is defined as the managers' theory about how to gain and sustain competitive advantage.Abstract:
This chapter introduces the reader to the meaning of competitive advantage and posits that a firm’s strategy is defined as the managers’ theory about how to gain and sustain competitive advantage. The author demonstrates how a firm creates its competitive advantage by creating more economic value than its rivals, and explains that profitability depends upon value, price, and costs. The relationship among these factors is explored in the context of high-technology consumer goods – laptop computers and cars. Next, the chapter explains the SWOT [s(trengths) w(eaknesses) o(pportunities) t(hreats)] analysis. Examining the interplay of firm resources, capabilities, and competencies, the chapter emphasizes that both must be present to possess core competencies essential to gaining and sustaining competitive advantage through strategy. Next, the chapter describes the value chain by which a firm transforms inputs into outputs, adding value at each stage through the primary activities of research, development, production, marketing and sales, and customer service, which in turn rely upon essential support activities that add value indirectly. After describing the PEST [p(olitical) e(conomic) s(ocial) t(echnological)] Model for assessing a firm’s general external environment, the chapter explains Porter’s Five Forces Model. The chapter then describes the strategic group model and illustrates that model by reference to the pharmaceutical industry. The author notes that opportunities and threats to a company differ based upon the strategic group to which that firm belongs within an industry. Finally, the chapter explores the importance of strategy in technology-intensive industries and emphasizes that sustained competitive advantage can be accomplished only through continued innovation.read more
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Journal ArticleDOI
The theory of the business
TL;DR: The authors discusses Drucker's role in developing the idea of privatization in the UK, as far back as 1970, in a Conservative Party policy document, and suggests hard work, not genius, is the cure, and conscientiousness, not being clever, is what CEOs are paid for.
Posted Content
ICT Management for Global Competitiveness and Economic Growth in Emerging Economies (ICTM)
Juho Mäkiö,Ella Kolkowska,Ewa Soja,Goebel Gunther,Ralph Sonntag,Celina Olszak,Ariane-Tabea Schueller,Maria Mach-Król,Monika Wożniak,Anna Boratyńska-Sala,Anna Jasińska-Biliczak,Ilona Winiarczyk,Kamil Roman,Monika Ziobrowska,Jolanta Kowal,Alicja Senejko,Halina Guła-Kubiszewska,Wojciech Starościak,Urszula Dębska,Piotr Soja,Elena Makio-Marusik,Janusz Stal,Grażyna Paliwoda-Pękosz,Bartłomiej Gawin,Bartosz Marcinkowski,Katarzyna Rzepka,Janusz Czerny,Cornel Torcu,Cristina Turcu,Evgeniia Surkova,Tobias Meyer,Aleksandr Kozlov,Alina Kankovskaya,Olga Miroliubova,Valery Gordin,Ilya Ilin,Mariya Dedova,Yasmeen Sultana,A Asuman Akdogan,Lukasz Stecko,Renata Iwanuec,Valeria Zhgun,Joanna Kasza,Rafal Maciag,Lesław Koćwin,Olga Kalchenko,Bogusław Śleziak,Anna Kuzio,Alicja Keplinger,Saikat Gochhait,Zdenka Stránská,C. K. Tripathy,Ivana Polednova,Martina Keratova,Magdalena Kapala,Maria Straś-Romanowska,Michał Kuciapski,Jan Trąbka,Mirosława Wawrzak-Chodaczek,Richard R. Sharp,Anna Oleszkowicz +60 more
TL;DR: In this article, the authors provide a forum for interested researchers and practitioners to exchange their experiences and creative ideas related to ICT management for global competitiveness and economic, social and cultural growth in emerging economies.
Journal ArticleDOI
Regional innovation clusters and firm innovation performance: an interactionist approach
TL;DR: In this paper, the interplay of firm and cluster characteristics was examined by conducting an empirical analysis of the impact of location in an innovation cluster on the firm's innovation performance in a cluster.
Journal Article
Mobile Phone Usage and Students' Perception towards M-Learning: A Case of Undergraduate Students in Pakistan.
TL;DR: In this article, the authors investigated the mobile phones ownership pattern and usage among undergraduate university students in Pakistan and their choice of mobile service provider, and found that overall students have a very positive attitude towards m-learning; however, the perceptions of Arts and Engineering students were found significantly different from those of Medical and Business students.
Complementarity and contextualization of firm-level strategic orientations
TL;DR: In this article, Beliaeva et al. investigated how strategic orientations are individually and jointly related to firm performance in different environmental contexts, and highlighted the significant role of their shared effect.
References
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Book ChapterDOI
Firm Resources and Sustained Competitive Advantage
TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
Journal ArticleDOI
Dynamic capabilities and strategic management
TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
Competitive advantage: creating and sustaining superior performance
TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as discussed by the authors, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.
Book ChapterDOI
The Core Competence of the Corporation
C. K. Prahalad,Gary Hamel +1 more
TL;DR: The most powerful way to prevail in global competition is still invisible to many companies as discussed by the authors, which is why the concept of the corporation itself has not yet been recognized as a powerful competitive advantage.
Book
Competitive Advantage: Creating and Sustaining Superior Performance
TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as mentioned in this paper, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.