The Dimensions of Competitiveness An effectively and efficie

The Dimensions of Competitiveness

An effectively and efficiently managed value chain supports competitive advantage and achievement of profitability goals. The textbook identifies four core dimensions by which companies can choose one, some, or all of the dimensions to compete. The four core dimensions are cost, quality, response time, and flexibility. The purpose of this Discussion is to apply these four dimensions of competitiveness to real-world examples.

Directions

Choose four different companies (choose examples that are not mentioned in your textbook) that represent each of the four dimensions of competitiveness. It is fine for a company to be an example representing more than one of the dimensions, but there must be examples of four different companies and each of the four dimensions of competitiveness must be covered.

Use the Kaplan Library for articles/company profiles providing information related to determining how you categorize each of the four company dimensions of competitiveness strategies. Once you have made your choices, you may use the chosen company’s websites as references. No other internet resources are allowed as applied and cited references for this Unit 2 Discussion, although you may use the internet to support your own research and learning. Apply no more than one APA formatted reference and citation per paragraph. Support your response’s content by applying and citing at least three separate sources (for example, from a Kaplan Library article, your textbook, and a company website). APA formatting resources are available in Kaplan’s Writing Center in the “Research, Citation, and Plagiarism” area.

The response should use first person (“I”, “me”) perspective.

Compose a response of at least four paragraphs of 4–5 sentences per paragraph.

The response should clearly address how the company achieves competitive advantage by providing value to customers. Include the following in your response: Identify four examples of companies who compete based upon the four dimensions of competitiveness. How does each company use one or more of the four dimensions of competitiveness? How is their strategy evident? How does this competitive strategy differentiate the company from their competition? Explain.

Solution

Answer:

The four core dimensions are cost, quality, response time, and flexibility:

The first company that fits to cost advantage is Indigo Airlines. This comapny has reduced the cost structure in its operations by adopting a strategy of providing no-frills services. This made the company a cost leader in the industry.

The second company that is another name for quality is Apple. The company has branded its products in such a way that now this comapny is synonym to the quality in the industry. The strategy is to provide premium product and not compromising on quality even if the prices are too high in industry.

The third company is Dell that has made itself different from its competitors by providing the quick service to its customers and decreasing down its response time below the industry average.

The fourth company is Yahoo that has strategised on the flexibility that it has incorporated on its operations. This was made possible only by giving its employees a gaith that such flexible environment is conducive for the up lift of the confidence of them and would increase the profitability