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MGT 498 Week 3 Learning Team Assignment Learning Team Reflection

MGT 498 Week 3 Learning Team Assignment Learning Team Reflection

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Competitive Advantages 1

Team C – Competitive Advantages

MGT/498

University of Phoenix

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Competitive Advantages 2

Competitive Advantages

A competitive advantage in the businesses field equates to one company obtaining a

strategic market advantage over another company within a particular market. Riordan

Manufacturing is a plastic manufacturing company, which uses competitive advantage to acquire

leadership in this market. Therefore, this paper will display the competitive advantages Riordan

has in common with Pharma-Safe Industrial Services; along with the strategies Riordan can use

to improve innovation and sustainability. In addition this paper will display the reason for

selecting particular competitive strategies, how it affects the sustainability of Riordan long-term,

and how the global market may affect Riordan’s business strategy.

Riordan Manufacturing, Incorporated is a leader in the industry of manufacturing

products by plastic injection molding. Some of the reasons for this status are the attention to

detail and quality control that Riordan sets forth. Riordan also creates innovative designs with

extreme precision to meet a vast array of customer needs. Working hand-in-hand to design a

product both innovative and exclusive to the customer is a competitive advantage, which Riordan

shares with Pharma-Safe Industrial Services. Each company works with the customer to design a

product to meet the needs of the customer in a way that most others would not (University of

Phoenix, 2004).

Another competitive advantage both businesses share is the attention to detail and high

quality of the products each produces. According to Wheelen and Hunger (2010), organizations

can obtain a competitive advantage by training employees as well as informing everyone within

the organization of set goals or objectives. In connection, both companies inform, support, and

help employees focus on the long-term plans of the company.

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Team C - Competitive Advantages MGT/498 University of Phoenix Competitive Advantages A competitive advantage in the businesses field equates to one company obtaining a strategic market advantage over another company within a particular market. Riordan Manufacturing is a plastic manufacturing company, which uses competitive advantage to acquire leadership in this market. Therefore, this paper will display the competitive advantages Riordan has in common with Pharma-Safe Industrial Services; along with the strategies Riordan can use to improve innovation and sustainability. In addition this paper will display the reason for selecting particular competitive strategies, how it affects the sustainability of Riordan long-term, and how the global market may affect Riordan's business strategy. Riordan Manufacturing, Incorporated is a leader in the industry of manufacturing products by plastic injection molding. Some of the reasons for this status are the attention to detail and quality control that Riordan sets forth. Riordan also creates innovative designs with extreme precision to meet a vast array of customer needs. Working hand-in-hand to design a product both innovative and exclusive to the customer is a competitive advantage, which Riordan shares with Pharma-Safe Industrial Services. Each company works with the customer to design a product to meet the needs of the customer in a way that most others would not (University of Phoenix, 2004). Another competitive a ...
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