Can strategically align job requirements with the company's business strategy and competitive advantage?
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| The firm can then translate the strategic resources into a competitive marketing advantage, which leads in turn to superior financial performance. | |
| In addition, competitive advantage also proved to significantly influence organizational performance. | |
| Manufacturing strategy has an important role in business competitive strategy, because it connects performance indicators to company goals. | |
73 Citations | Analyses of data gathered in a survey indicate that information system strategic alignment is a better predictor of business performance than business strategy or information system strategy alone, although business strategy can significantly influence business performance. |
| Therefore, operational and marketing strategies should place emphasis on competitive priorities such as quality, cost, flexibility and delivery to achieve, develop and maintain competitive advantage. | |
137 Citations | Drawing on theory from the strategic management and marketing domains the authors argue that the competitive position achieved is a key marketing resource with the potential to generate sustainable competitive advantage. |
335 Citations | The paper demonstrates that examining CSR in the context of firm strategy is both possible and increasingly necessary to developing competitive advantage in the current e... |
| Also, competitive advantage can have a direct, positive impact on organizational performance. | |
| Competitive advantage can be achieved by developing factors that influence a firm’s competitive posture. | |
| The article suggests that, by focusing on industry and competitive strategy variables, contemporary industrial organization and strategy research has understated the role of organizational factors in producing sustainable competitive advantage. | |
116 Citations | Since strategy is defined as the ability to gain an advantage, a cross‐sectional study of industry conditions can show the constraints on such a strategy, but is far less useful in defining how to achieve and sustain a competitive advantage. |
121 Citations | Additionally, we propose that competitive strategy mediates the relationship between marketing capabilities and positional advantage. |
| Fourth, the findings suggest that the relationship between competitive strategy and performance is mediated by manufacturing strategy. | |
01 Jan 2021 | Competitive strategies as a Strategic Competitiveness dimension has an important and positive impact on competitive advantage at a 5% level, according to the findings. |
| There is a strong relationship between the business models and the competitive advantage. | |
| Furthermore, competitive advantage has a significant effect on company performance. | |
| Also, findings suggest that competitive advantage mediates the relationship between MO and business performance. | |
| Competitive advantage also partially mediates marketing capabilities to performance relationship. |
Related Questions
What is strategic alignment?5 answersStrategic alignment refers to the harmonization of internal resources, product lines, and external markets within an organization to achieve its goals. It involves ensuring that business and IT strategies are integrated effectively, especially in the digital age, to enable the organization to succeed. Strategic alignment is crucial for moving projects towards sustainable development by aligning strategic goals with operational practices. It encompasses making strategic choices at different levels of the organization and implementing HR programs that contribute to long-term business objectives. Overall, strategic alignment involves assessing the current alignment of resources, products, and markets, identifying strategic alternatives, and enhancing understanding of the value of alignment within an organization.
What is the role of strategy in the management of a company?5 answersThe role of strategy in the management of a company is to provide a long-term direction and guide decision-making in an organization. Strategy helps the company adjust to changing market conditions and take advantage of opportunities while considering its own potential and ability to act. It allows the organization to respond to external changes and maintain a competitive advantage. Strategic management involves developing a unique strategy based on factors such as market position, competitors, products, and the current state of the economy. It requires a clear vision of the organization's long-term development and careful evaluation of decisions. Strategic management also involves understanding the broader environment in which the organization operates and creating effective strategies to achieve goals. Overall, strategy plays a crucial role in guiding the actions and decisions of a company to achieve its objectives and success.
How can strategy be used to achieve competitive advantage and sustainability?5 answersStrategy can be used to achieve competitive advantage and sustainability by incorporating various elements. Digital marketing, such as social media green marketing and cause-related marketing, has a positive relationship with sustainability competitive advantage. Core competence development, resource-based view, and VRIO assessment can help identify competencies that can be developed for a competitive advantage. A sustainable business approach, considering economic, socio-cultural, and environmental dimensions, is essential for sustainable competitiveness. Big data management, sustainability commitments, and marketing play a role in obtaining competitive advantage. Strategic sustainability management, including the formulation of appropriate sustainability strategies, is crucial for gaining a competitive advantage in the mining industry. By integrating these strategies and approaches, organizations can enhance their competitive advantage while also promoting sustainability.
How can IT strategically align with the business to create value?4 answersIT can strategically align with the business to create value by leveraging business process intelligence (BPI) technology such as process mining. Process mining uses digital trace data to visualize and measure the performance of business processes, enabling organizations to make evidence-based decisions about their processes. This alignment is facilitated by Enterprise Governance of IT (EGIT), which enables IT business value through the mediating mechanism of business/IT alignment. IT business value is achieved by ensuring that the benefits of IT operations and investments are realized, contributing to organizational performance. To manage and realize IT business value, important management instruments such as the business case process and the IT balanced scorecard are utilized. By aligning IT with the business and utilizing BPI technologies, organizations can achieve process efficiency, monetary gains, and non-monetary gains such as customer satisfaction, thereby creating value.
How does strategic management that has no relationship to competitive advantage affect the performance of an organization?5 answersStrategic management has been widely recognized as a key factor in enhancing organizational performance. However, there is insufficient evidence to indicate a direct link between strategic management and organizational performance in the public sector. It is still unclear whether there are other determining factors that might affect this alignment. Additionally, the person-organization fit has been identified as a moderating factor in the relationship between strategic management and organizational performance. Therefore, it can be concluded that strategic management without a relationship to competitive advantage may still have an impact on the performance of an organization, but this impact is influenced by contextual factors and the fit between individuals and the organization.
How can you achieve a competitive advantage in the strategic business environment?8 answers