Building a Competitive Advantage
Purpose of Assignment
The purpose of this assignment is to help students understand how manufacturing and service companies can maximize their competitive advantage. The Porter Model is discussed as a method to categorize and assess businesses and industries.
Assignment Steps
Write a 1,050-word report in which you address the following:
Examine and discuss competitive strategies that manufacturers can use to gain competitive advantage.
Appraise costing and financial strategies for manufacturing and service companies.
Identify value chain strategies for both manufacturing and service companies.
Discuss (Porter’s Model) and categorize (NAICS) the industry of a company the Learning Team selects.
Cite 3 scholarly references, including at least one peer-reviewed reference from the University Library.
……………………Answer preview……………………………
Every business entity in the world seeks to reduce the costs of its operations even though the enterprise may not be a profit driven firm. By reducing the costs of operation, the companies find a competitive advantage over their competitors trying to minimize all costs of production to provide their services or products at a lower price from their competitors. The strategy gives them a competitive advantage………………………
APA
1287 words
