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SafeAssign Originality Report Spring 2020 - InfoTech in a Global Economy (ITS-832-44) - Full Term • Week #14 Individual Project • Submitted on Sun, Apr 12, 2020, 12:41 PM

Manikanta Korasika View Report Summary

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Attachment 1 CompetitiveStrategy.Final.docx

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COMPETITIVE STRATEGY 1

Tools of Competitive Strategy

Manikanta Korasika

University of the Cumberlands

04/12/2020

Dr. Sandra

Running head: COMPETITIVE STRATEGY

Tools of Competitive Strategy

A competitive strategy is a plan put in place by an organization and which it plans to implement for a long period to achieve a competitive advantage over its competitors in the industry (Linton, & Kask, 2017).

In this paper, we researched various tools that a company can implement to achieve a competitive advantage including porter's four corners model, Kay’s distinctive capabilities framework, Ohmae’s 3C model, VRIO analysis and Weisbord’s six box model. Porter’s four corner’s model is a tool which the company tries to outsmart the competitors in the industry by predicting what they are up to. The company then uses this knowledge to make better choices that will counter the actions of the competitions (Puranam, & Vanneste, 2016); the four pillars include motivation management assumptions, motivation drivers, action capabilities, and action strategies. Kay's distinctive capabilities framework is a tool that companies implement if a market has reached saturation. This tool helps the company to develop a competitive advantage by identifying capabilities that are unique to that organization. Ohmae's 3C model is a model that concentrates on three aspects of an organization which consists of competitors, corporation, and customers (Puranam, & Vanneste, 2016). By considering and analyzing these three factors, the company can develop a winning strategy by understanding how to meet the demands of the customers and dealing with the competition. VRIO analysis is a tool used by companies to analyze their strengths and weaknesses. This tool stands for organization, imitability, value, and rarity. These four factors help an

organization understand its capabilities and how to use them to improve their performance in the industry. Weisbord’s six-box model is used by companies to understand their functional abilities. The main goal of this model is to analyze and assess the functionality of an organization and its ability to deliver on the needs and requirements of customers. This model analyzes leadership, rewards, relationship, structure, purpose, and effective mechanism in the organization.

References

Puranam, P., & Vanneste, B. (2016). Corporate strategy: Tools for analysis and decision-making.

Cambridge University Press. Linton, G., & Kask, J. (2017). Configurations of entrepreneurial

orientation and competitive strategy for high performance. Journal of Business Research, 70, 168-176.

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Word Count: Submitted on: Submission UUID: Attachment UUID: 384 04/12/20 9ee28149-cdeb-f264-8e31-4163a8c8248d efda8455-f9c9-1eed-0c8b-b348867979f2