Why a value chain must be profitable in order to maintaining competitive advantage?
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| Papers (15) | Insight |
|---|---|
| The relational view posits that supply chain integration can be a source of competitive advantage. | |
53 Citations | Findings indicate the business model has significant potential to ensure that reuse is price-competitive with linear production practices, to offer value for customers and partners in the value chain network, and to provide significant reductions in environmental impacts. |
| By focusing on value creation, value protection, and value capture, this paper suggests a theoretical framework that employs a stakeholder perspective, linking three approaches on competitive advantage—the resource-based view, the relational view, and the activity-position view. | |
| Drawing insights from the literature on global value chains and similar approaches, it is argued that adopting a value chain approach could help Micro and Small Enterprises (MSEs) to gain from the benefits of integration into global/local value chains and making them competitive. | |
| Competitive advantage can be viewed as a firm’s ability to contribute more customer value than its competitors. | |
48 Citations | Consequently, these findings highlight the prominence of these factors of supply chain for gaining a sustainable competitive advantage in emerging market scenario. |
417 Citations | Contrary to Ramsay's (2001) conclusion and Hunt and Davis's (2008) positioning of their recent article, resource-based theory suggests that purchasing and supply chain management will often have the attributes that can enable them to be sources of sustained competitive advantage. |
01 Jan 2018 | Value chain concept can be used in determining the possible sources of competitive advantages and the formation of market stability of enterprises. |
632 Citations | Strategic supply chains serve as a potential source of competitive advantage for firms. |
| Value chain analysis can be used to formulate competitive strategies, understand the source(s) of competitive advantage, and identify and/or develop the linkages and interrelationships between activities that create value. | |
65 Citations | The value chain concept in marketing extends the supply chain view in an important way: it explicates the value that is created at each stage of the chain. |
| It was suggested that competitive advantage grows out of the way corporations organize and perform discrete activities in knowledge value chain which should be measured by the core competence of corporation. | |
01 Jan 2003 | The profits and competitive advantages of participation in a given value chain reside dynamically within the chain, pooling at the positions of greatest value. |
| With the identification of alternative value creation technologies, value chain analysis is both sharpened and generalized into what we propose as a value configuration analysis approach to the diagnosis of competitive advantage. | |
| Results show that the relationships among supply chain collaboration value innovation, supply chain capacity and competitive advantage can have a positive impact, and that supply chain capability is a full mediator. |
Related Questions
Importance of value chain in agriculture?5 answersValue chain analysis plays a crucial role in the agricultural sector. It helps in determining the distribution of benefits among participants and provides solutions for upgrading the value chain. Implementing a well-structured value chain system can lead to cost reductions, increased productivity, and higher crop yields in agricultural enterprises. Value chain analysis also helps in understanding the operation of constituent systems and building resilience into the value chain. It examines the interactions between economic, natural, and social systems surrounding agricultural value chains and ensures sustainable co-existence within a given societal framework. Additionally, value chain analysis enables the assessment of the likely impact of interventions in natural, economic, and social systems, contributing to the achievement of Sustainable Development Goals. Governments play a crucial role in enabling value chain development through setting rules that facilitate competitive markets. Overall, value chain analysis is essential for enhancing the competitiveness, productivity, and sustainability of agricultural enterprises.
What is the value chain of a company?4 answersThe value chain of a company refers to the activities and processes that the company undertakes to create value for its customers. It involves the development of activities that contribute to the final product and generate value. Companies organize their activities around the value creation process, which can include aspects such as manufacturing, logistics, supply chain management, and customer satisfaction. Value chain analysis is a strategic management tool that helps companies understand the cost drivers and sources of differentiation in their value chain, allowing them to make changes and achieve competitive advantage. Supplier management plays a crucial role in controlling the entire value chain, from customer orders to planning, procurement, production, logistics, and returns processes. Implementing value chain management principles with distribution channel partners can provide critical benefits for companies. Overall, the value chain is a comprehensive framework that encompasses all the activities and processes involved in creating value for customers and achieving competitive advantage.
What is competitive advantage?5 answersA competitive advantage in business refers to an attribute that allows an organization to outperform its competitors. It can include factors such as access to natural resources, highly skilled labor, geographic location, high entry barriers, and access to new technology. Achieving a competitive advantage means providing a better solution or offering a similar solution at a lower price than competitors. Michael E. Porter, in his book "Competitive Advantage: Creating and Sustaining Superior Performance," identified two basic types of competitive advantage: cost strategy and differentiation strategy. Competitive advantage is also influenced by a firm's cultural environment, which fosters improvement and innovation. It is not only about individual activities but also about how activities relate to each other, suppliers, and customers. Overall, competitive advantage is a concept that helps businesses understand how to stand out and succeed in a competitive market.
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.
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