Description
Locate an article on Global Operations or Global Business from one of the industry trade journals such as (International Operations Management Journal, Journal of Operations Management, Productions & Operations Management, International Journal of Operations Management, etc.).Select one of the following topics (Competitive Advantage, Global Technology, Finance, or Strategic Planning,)Summarize the article. Identify three key points the author makes and explain the rationale related to the readings and your professional experience. Find evidence to support or refute the author. Be sure to use one external source in addition to the article and textbook to support your work.
Explanation & Answer
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Competitive Advantage
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Competitive Advantage
In every aspect of human life today, there is always competition; for instance, countries
compete against each other in infrastructure, trade, and sports, among others. People also
compete for various reasons; however, the most common type of competition is between
businesses. The world is driven by a big chain of manufacturing, processing, and other
industries; surprisingly, all these companies desire to be the best in the market. However, in a
world of competition, there is always a winner and a loser. While competition is about winning
and losing, there are those companies that have continuously managed to bit all odds to be on top
of others in the industry; for example, companies such as Coca-Cola, Tesla, and others have
managed to stay ahead of their competitors in their respective industries because of competitive
advantages or edges. This paper will discuss the concept of competitive advantage.
According to Kurt Christensen (2010), any attribute that allows a company to outperform
its competition is referred to as a competitive advantage; while this is the most standard
definition, competitive advantage has no distinctive definition or ways of measuring it; this is
because nearly everything is considered as a competitive advantage (Christensen, 2010). For
example, higher return on assets, considerable profit margin, valuable resources such as
advanced technological devices, and brand reputation. Every company competing in the market
has at least one competitive ad...