factors influencing competitive advantage
The pricing decision is potentially a very complex one because it often has to adjust to the requirements of different groups within the firm. Factors Influencing Competitive Advantage among Supermarkets in Kenya: A Case of Nakumatt Holdings Limited 1Mumassabba Janet, 2Muchibi M. Wilbrodah, 3Dr. Competitive advantage as a broad concept deals with business engineering process (BRP) that will put the organization in a lead among other competitors within their sector5. Factors Influencing Competitive Advantage in Banking Sector: A Systematic Literature Review: Emad Ali Kasasbeh, Yoshifumi Harada and Idris Md Noor: Abstract: Background: The economic importance of banking institutions to national development has been a motivating factor for the sector’s bid towards developing and implementing arrays of frameworks for competitive advantage. In such cases, constructs like organizational performance, operational efficiency, financial performance, financial sustainability, organization creativity8 and innovation9,10 have also been used in describing competitive advantage10-13. In summary, competitive advantage is the same term as firm/organization performance when measured with constructs that reflect the organization growth or in terms of innovation and other associated constructs. Factors Influencing Pricing – Nature of Consumer Demand, Competition, Distribution Network, Internal Factors and Environmental Factors . competitive strategy concentrates on the industry, competitive advantage concentrates on the firm. industry and to determine factors influencing the competitive advantage of firms in the micro finance industry. With the emergence of the digital economy and shorter product/service life cycles, Competitive advantage as an organizational construct has also been disparately defined and conceptualized in different terms and measures, many of these are inconsistent with bankings institutional focus. Some of these studies36,37 showed encouraging levels of effectiveness in many dimensions of composite marketing strategies with adequate managerial recommendations. We also conducted comparison tests on subsidiaries with relative market shares of more than 1 versus less than 1 ( Table 5.29 ). Responsiveness to customers, organization core competence and cost effectiveness are also examples of the non-financial measures of competitive advantage and when it is mostly investigated as independent variable. Almost every business takes into consideration the external factors such as political, economic, and legal and many others to keep growth and gain competitive advantage. See discussions, stats, and author profiles for this publication at: The reputation There are essentially two strategies for creating competitive advantage. The study companies In these stances, constructs like strategic planning, competitive intelligence, corporate social responsibility, innovation and creativity are used as synonyms to competitive advantage6-8. The banking sector is also responsible for financing investment portfolio, generate high revenue and expand the national reserve1. The research revealed that the main types of competitive advantages enjoyed by commercial banks are Brand Loyalty. According to Porter (1985) competitive advantage can be defined as “When a firm sustains profits that exceed the average for its industry”. Cost Leadership and Differentiation. The significances of this study, among others are: I would like to thank all those who participated in this study, my supervisor and the co-supervisor for sharing their experiences with us and School of Business Innovation and Technopreneurship, University Malaysia Perlis. Clearly, a high number of competitors of equal size will lead to more intense rivalry. The outcomes are the findings of the review process. Advertising of the product at lower prices. At first, technology included industrial machinery, transportation technology, energy, office equipment and consumer products. This provides a more expansive content of antecedent factors of competitive advantage in banking sectors, compared to what was reported by Heywood and Kenley 21, Giudice and Peruta 23, Militaru and Ionescu 30, Mimosette and Djeumene 34, Barrett et al. Also, the identified antecedent factors of competitive advantage, among other are customer orientation and market differentiation, firms performance, core competence and increased sales. By nature, production implies conversion of inputs into value added output as per consumer specifications. Background: The economic importance of banking institutions to national development has been a motivating factor for the sectors bid towards developing and implementing arrays of frameworks for competitive advantage. SME third-party logistics Thus, in-depth research in the area of influencing factors of competitive advantage progression on third-party logistics is still lag. J. It is against this backdrop that this study is conducted to identify the factors that influence competitive advantage in banking organizations and conceptualized the construct through both financial and non-financial perspectives. Conducting the review: The review is conducted using Ahmed and Salim15 Population-Intervention-Comparison-Outcome-Context (PICOC) format. Reputation and quality are critical factors influencing the study destination of students at all levels. The production factors that can be a source of competitive advantage are: 1. Firms need to manage the factors that contribute towards competitive advantage to ensure their survival. S Factors Influencing Competitive Advantage within the Beer Manufacturing Sector in Kenya: A Case Study of East Africa Breweries Limited Factors Influencing Competitive Advantage In Banking Sector A, project management assignments jokes powerpoint, graphicriver simple resume download, essaytyper legitimate credit payment card work Table 2 and 3 present the summaries of the review on competitive advantage and the dimensions of competitive advantage when investigated as dependent (i.e., consequence) and independent (i.e., cause) variable, respectively. Mutua Shedrack Mbithi, 4Dr. Apple Corp. manufactures and markets a variety of computers and consumer electronics products, including smartphones, tablets and music players. Factors Influencing Sustainable Competitive Advantage in the Fast-Moving Consumer Goods Sector: A Case of Bidco Africa @inproceedings{Wanjohi2017FactorsIS, title={Factors Influencing Sustainable Competitive Advantage in the Fast-Moving Consumer Goods Sector: A Case of Bidco Africa}, author={Caroline N. Wanjohi}, year={2017} } The financial measures are mostly characterized with Return on Assets (ROA) and Return on Equity (ROE) to measure yearly turn-out profit of the company. The role of banking organization in risk hedging and as economic shock absorber must be strengthened with continuous innovative banking practices. Articles that are not related to the defined themes are excluded from the collation. 2. Results: The study found that quality of service or/and management, corporate social responsibility, strategy formulation, (electronic) marketing innovation and creativity, among others are factors influencing competitive advantage in the banking sector. The factors that lead to a competitive advantage for a firm is as follows: 1. Very few studies have focused on this area and most of the studies are focused on the logistics industry’s overall In this post I’m going to be focusing on differentiation, but it is important to understand why differentiation is a strategy and how it relates to competitive advantage. https://scialert.net/abstract/?doi=rjbm.2017.67.73, SLR research design (Adapted from Kitchenham, Summary of the review on competitive advantage, Summary of dimensions where competitive advantage are studied as independent variable, Summary of the antecedent factors of competitive advantage, It provides a banking institutional focus definition for competitive advantage that measures both financial and non-financial dimensions, It identifies the antecedent factors of competitive advantage in the banking sector, It presents the methodological approach of using Systematic Literature Review (SLR) in answering research questions. By . Competitive advantage is the capacity of a country (or on smaller scales, of a company) to offer higher levels of value to consumers than other countries, companies, etc. Conclusion: Competitive advantage can be conceptualized with measurable financial and/or non-financial dimensions and tested in future empirical studies for model fitness. In financial institutions or studies that measured competitive advantage using financial measures, it is defined as the yearly turn-out profit of the company, measured by Return of Equity (ROE) or/and Return on Assets (ROA)6-9,13,18,19. ABSTRACT This study sets out to investigate the factors that influence sustainable competitive advantage among cut flower companies in Naivasha District, taking specific cases of two companies which for this purpose we will refer them as company A and B. On another hand, competitive advantage is seen as a performance construct which shows a phenomenon of organizational progress. 1.0 Introduction 1 2.0 Organisational background 2 3.0 Scope 3 4.0 Strategy paradoxes in BMW’s history 3 5.0 External environment 5 6.0 Internal strengths and weaknesses 8 7.0 Key strategic decisions or recommendations 10 8.0 Implementation challenges 10 9.0 Conclusion 11 10.0 References 13 12.0 Appendices 14 Appendix A – BMW Group in Figures 14 This notable disparity in the conceptualization and operationalization of competitive advantage, more specifically in the narrow context of banking sector, motivated this study. According to Porter (1985) competitive advantage stems from the many discrete activities a firm performs in designing, producing, marketing, delivering and supporting its product. Target market segmentation. It is the main strategy of detecting relevant literature review and how information is obtained from the primary study. Identifying these factors that influence competitive advantage in banking sector will contribute to practitioners understanding of the practical factor that are related to achieving competitive advantage. These are the essences of banking sectors support to national economic growth and development and why attaining competitive advantage has always been the priority of the actors in the sector. The investment analyst firm Market Realist identified brand strength, innovation, supply chain management and premium pricing strategy as key factors in the company’s competitive advantage. DEVANDRAN MUTHU . Planning the review: Planning the review phase is essential in achieving an unbiased result. There will be less rivalry when a clear leader exists (at least 50 % larger than the second). ABSTRACT This study sets out to investigate the factors that influence sustainable competitive advantage among cut flower companies in Naivasha District, taking specific cases of two companies which for this purpose we will refer them as company A and B. This clearly shows that strategy, through different conceptualizations like innovation, quality management and corporate social responsibility have been found to be related with competitive advantage. On another end, theorists and researchers can explore this to understand how further researches that will contribute to the extension of the body of knowledge can be achieved. The economic importance of banking institutions on national development and human capital growth is a motivating factor for researches in the area. This study has two-pronged contributions; first, it presents a broad view of competitive advantage as an organization construct and its measuring dimensions in relationship with its role in a conceptual model. Factors influencing competitive advantage The competitive advantage of Tesco Plc has a significant impact on its operational efficiency, profitability and customer base [ CITATION Pau141 \l 1033 ]. Commercial Banks in Kenya and the factors influencing the competitive advantages. The concept of competitive advantage has received considerable interest from researchers. Porter’s diamond suggests that there are four factors that influence competitive advantage: factor endowments, firm strategy/structure/rivalry, demand conditions, … Reducing prices can give a business a competitive advantage The size of the competitor may also affect a business. The antecedents factors of competitive advantage are found to be (electronic) quality of service or/and management, corporate social responsibility, strategy formulation, (electronic) marketing innovation and creativity, customer orientation and market differentiation. Therefore, the degree of concentration in the industry must be assessed as one of the primary factors influencing intensity of competition in the industry. Identifying these antecedents are essential for conceptualizing and investigating constructs that are related to competitive advantage in the banking sector and extending the previously-proposed related conceptual models. 69. The research design was a survey which looked at all the forty three commercial banks in Kenya. However, it seems that the differentiation strategy of a lot of products seems to not have been given a second thought. Cost Leader The population describes the general theme of the articles reviewed in the study. Research design is a systematically-arranged plans or procedures based on certain assumptions, to answer the studys research questions14. The study recommends that the management of BIDCO should segment their customers and use the specific channel of communication to advertise to respective segments. The strongest forms of competitive advantage come from business model innovation and management innovation. The SLR usually defines the review protocol by specifying the topic to be researched and the method customized in conducting the review. This provides a more expansive content of antecedent factors of competitive advantage in banking sectors, compared to what was reported by Heywood and Kenley21, Giudice and Peruta23, Militaru and Ionescu30, Mimosette and Djeumene34, Barrett et al.9, Majeed11, Prescott19 and Kraja and Osmani31, among others. Citation: Karuoya, L. N. (2014). Musiega Douglas 1 MBA (Strategic Management) Student, 2Msc … The three main phases in SLR are (a) Planning the review, (b) Conducting the review and (c) Reporting the review16. Others are firms performance, core competence, increased sales, business efficiency, product value, effective cost, product customization, customer service and satisfaction, usability, sales management activities, market-oriented product management activities, sales performance and efficiency. It specifically addresses what the organization has in stock that will achieve advantage in the competitive market. The specific objectives were: Notably, in studies that investigated competitive advantage using non-financial measures, it is investigated as moderator, mediator or antecedent variable to the actualization of organization performance. FACTORS INFLUENCING COMPETITIVE ADVANTAGE OF SAVINGS AND CREDIT COOPERATIVES ORGANIZATIONS (SACCOS) IN KENYA (Case study of Deposit Taking SACCOs in Nairobi County) KANINGU Catherine1, Prof. WARUE Beatrice2, MUNGA Jane3 1MBA (Strategic Management) Student: Kenya Methodist University 2,3 Lecturer: Kenya Methodist University The inability to properly contextualize and conceptualize competitive advantage for the banking sector is arguably responsible for the lack of comprehensive identification of its antecedent factors. The global practice of banking organizations is to stimulate national economic growth by increasing operating revenues, deposit and credit facilities. Materials and Methods: This study employed Systematic Literature Review (SLR) as a research method. A major factor in competitive advantage to ensure their survival relative market shares of more than 1 ( table )... 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