¡What is competitive advantage?
§A product or service that an organization’s customers place a greater value on than similar offerings from a competitor.
§Unfortunately, CA is temporary because competitors keep duplicate the strategy.
§Then, the company should start the new competitive advantage.
- Five Forces Models
¡Michael Porter’s Five Forces Model is useful tool to aid organization in challenging decision whether to join a new industry or industry segment.
An organization within the supply chain
- Porters 3 Gerneric Strategies
Generic Strategy Example
- Realationship between business process and value chain
Targeting Business Process
Supply Chain - a chain or series of processes that adds value to product & service for customer.
Add value to its products and services that support a profit margin for the firm.
Supply Chain Diagram