How to drive differentiation into the organization to create long term competitive advantage?
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30 Citations | The findings indicate that the differentiation strategy is the best competitive marketing strategy for allocating specific and limited resources and capabilities toward sustainable competitive advantage. |
146 Citations | Our study advances research on competitive advantage by developing both theory and methods for studying how the dynamic, holistic properties of firms' competitive actions contribute to competitive advantage under varying levels of ambiguity. |
13 Citations | The authors created such a methodology that can provide sustainable long-term competitiveness advantage. |
43 Citations | This should form the basis of a new competitive advantage through a new emphasis on differentiation of products and company image. |
251 Citations | Our theory also has the potential to inform questions about the role of organizational foundings in the diffusion of competitive advantage and to examine the impact of. founding conditions on long-term strategic adaptation. |
01 Aug 1993 358 Citations | Competitive advantage grows from firm-specific knowledge. |
53 Citations | This has both theoretical and practical consequences for managing toward competitive advantage and requires a new approach to management, control, and organization. |
73 Citations | Studying the substance, expression, locale, and effect of competitive advantage allows the firm to better utilize the advantage. |
Related Questions
What seems most important about differentiation as a generic business strategy?5 answersDifferentiation as a generic business strategy is important because it allows companies to stand out from their competitors by offering unique products or services that customers prefer. This strategy involves developing exceptional attributes of the product and focusing on providing excellent service throughout the value chain. By differentiating themselves, companies can create a competitive advantage and increase their sales intensity in both domestic and international markets. However, implementing a differentiation strategy requires careful consideration and adaptation to the target market. It is essential to identify the specific attributes or services that customers perceive as unique or valuable and are willing to pay premium prices for. Creating a successful differentiation strategy involves understanding customer needs, designing a unique offering, and implementing an activity system that supports the differentiation strategy.
How can companies maintain a competitive advantage?3 answersCompanies can maintain a competitive advantage by focusing on their entrepreneurial competencies and strategic assets. Entrepreneurial competencies play a crucial role in determining competitive advantage, and companies should identify and leverage their competencies to differentiate themselves from competitors. Strategic assets, which are intangible and hard to replicate, are key to creating and sustaining competitive advantage. However, these assets are often not reflected in financial statements, so companies should provide additional information about their strategic assets in their earnings conference calls and annual reports. Additionally, companies can enhance their competitive advantage through innovativeness and the development of new products, technologies, and business models. Organizational resilience and learning also contribute to sustained competitive advantage, with environmental dynamics playing a moderating role. By focusing on these factors, companies can maintain their competitive advantage in a dynamic and competitive market.
What is the theoretical foundation of differentiation Strategies?2 answersDifferentiation strategies are based on various theoretical foundations. One such foundation is the balanced scorecard and Porter's generic strategies, which are used to explore the upscaling of performance among tour operator companies in Nairobi City County. Another theoretical foundation is the application of commercial supply chain strategies (SCSs) in defence supply chains (SCs), which aim at operational outcomes and require additional strategies to satisfy military operational requirements. Social identity theory provides another theoretical foundation for differentiation strategies, as it postulates that individuals use differentiation as a response to threatened identity, both in situations of competition and cooperation. Additionally, Bourdieu's theory of distinction and Lareau's study on child-rearing practices contribute to the theoretical foundation of differentiation strategies, as they argue that a set of different strategies of distinction serves as a mechanism to reproduce social privilege. Finally, the theoretical foundation for differentiation strategies in the context of network services and infrastructure capacities markets assumes free market entry and the absence of regulatory interventions.
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