Back to feeds

SHIV DIXIT

Stealth • 2m

📖 DAILY BOOK SUMMARIES 📖 🚀 20 Lessons from 👉 🔥 Competitive Advantage 🔥 ✨ By Michael E. Porter ✨ 1. Definition: Competitive advantage is achieved when a company can create more value for its customers than its competitors. 2. Types of Competitive Advantage: • Cost Leadership: Achieving the lowest cost in the industry while maintaining acceptable quality. • Differentiation: Offering unique products or services that provide value to customers, allowing for premium pricing. 3. Value Chain Analysis: • Breaks down a company’s activities into primary (inbound logistics, operations, outbound logistics, marketing and sales, service) and support activities (firm infrastructure, human resource management, technology development, procurement). • Identifies areas where a company can create a competitive advantage. 4. Industry Structure: • The competitive environment is shaped by five forces: • Threat of New Entrants: New competitors can increase competition and reduce profitability. • Bargaining Power of Suppliers: Powerful suppliers can influence costs and profitability. • Bargaining Power of Buyers: Strong buyers can demand lower prices or higher quality, affecting margins. • Threat of Substitute Products: Alternatives can reduce demand for a product. • Rivalry Among Existing Competitors: Intense competition can erode profits. 5. Strategic Positioning: • Companies must choose a strategy that aligns with their strengths and the industry dynamics. • Focus on segments where they can create the most value. 6. Sustainable Competitive Advantage: • Achieved through unique resources, capabilities, or market position that cannot easily be replicated by competitors. • Importance of continuous improvement and innovation. 7. Implementing Strategy: • Effective execution requires aligning the organization’s structure, culture, and systems with the chosen competitive strategy. 8. Role of Technology: • Technology can enhance competitive advantage by improving processes, products, or customer experiences. 9. Global Competition: • Companies must understand the dynamics of global markets and adapt their strategies accordingly 10. Conclusion • Competitive advantage is not static; companies must continually analyze their position and adapt to changes in the industry and market conditions 11. Cost Advantage: • Achieved by reducing costs below competitors while maintaining quality. • Can stem from economies of scale, experience curves, or access to low-cost inputs 12. Differentiation Advantage: • Unique features, brand image, technology, or customer service can differentiate a product. • Allows firms to charge higher prices due to perceived value 🔗 13. Scope of Competitive Advantage • Competitive advantage can be applied to • Industry-wide: Aimed at the entire industry (e.g., cost leadership) • Focus: Targeting a specific market segment (e.g., niche markets) 🔗 Download whole book freely from comment 🔗

3 replies13 likes
7
Replies (3)

More like this

Recommendations from Medial

Image Description

SHIV DIXIT

Stealth • 1m

📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/1AG_X1jRdbB7dJjxYG7scz4upS04WkuV7/view?usp=drivesdk 🔥 Understanding Michael Porter 🔥 🚀 20 Lessons 👉 ✨ By Joan Magretta ✨ 1. Michael

See More
1 replies18 likes
17

SHIV DIXIT

Stealth • 25d

📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/1JpiCPPQyulf4qMCRzH_IX9mu8laESJo4/view?usp=drivesdk 🔥 Hardball : Playing to win or Play 🔥 🚀 20 Lessons 👉 ✨ By George Stalk and Rob

See More
0 replies14 likes
14

Kishan yadav

Stealth • 6m

Is anyone know the total exact value of fintect industry in India?

0 replies4 likes
Image Description
Image Description

SHIV DIXIT

Stealth • 6m

“China Manufacturing strategy breakdown” Do you know China is Earning whole India gdp with the help of manufacturing. Basically China is entrepreneur economy and around 29% global manufacturing belongs to china worth ( 4 Trillion dollars ). Chin

See More
7 replies22 likes
12
Image Description

SHIV DIXIT

Stealth • 1m

📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/193ZnUO9-aAwVmh8qhcHLULfjyIMkQW_8/view?usp=drivesdk 🔥 The Profit Zone 🔥 🚀 20 Lessons 👉 ✨ By Adrian J. and David J. ✨ 1. The Profit

See More
1 replies18 likes
23
Image Description

Ritik Barnwal

Stealth • 7d

I am running a web hosting startup that has already achieved impressive sales without any marketing efforts. To take the business to the next level, I am seeking an investor to help scale operations. The investment will be used to implement strategic

See More
2 replies2 likes
Image Description

Umesh Y

Stealth • 8m

This content explains the complex world of semiconductor production. It exactly describes steps that convert raw silicon wafers into efficient microchips that takes the maximum advantage of our technology. #semiconductor #manufacturing

2 replies4 likes
Image Description
Image Description

Payal Manghnani

Stealth • 5m

Do you work in the technology industry because of financial incentives or because of your passion for the field? Share ur thoughts 🧐

9 replies9 likes

Mahendra Lochhab

Stealth • 5m

In 2023, the Indian wedding industry was the second largest in the world, with over 80 lakh weddings and an estimated value of $130 billion. It's also India's fourth largest industry, with an estimated value of Rs 4.74 trillion in 2023, a 26.4% incre

See More
0 replies7 likes
1
Image Description
Image Description

SHIV DIXIT

Stealth • 2m

📖 DAILY BOOK SUMMARIES 📖 🚀 20 Lessons from 👉 🔥 Playing To Win 🔥 ✨ By A.G. Lafely and Roger L. Martin ✨ 1. Core Premise: • Strategy is about making choices and winning in the marketplace. The book emphasizes that effective strategy requi

See More
2 replies13 likes
6

Download the medial app to read full posts, comements and news.