Competitive Advantage Assignment Example | Topics and Well Written Essays - 250 words

Competitive Advantage - Assignment ExampleAll these factors shape competitive advantages for a company in distinct ways and need be looked into so that in case one fails, the others can still remain relevant for a company. In relation to cost, it entails a firm being in able to offer its products and services at reasonable prices and still make profits. To attain this, a firms recruits labor and conducts education and nurture forums to keep them up to date with the companys expectations and save on production costs.On the aspect of differentiation, a company will want to create an advantage on its products with respect to branding, quality as well as innovation among other issues. The main aim of differentiating goods and services ought to be, to satisfy each guests needs and give quality for money paid (Pearce & Robinson, 2012). Every customer wants to feel good about a particular brand purchased, and ready the willingness to purchase it another time comfortably.Speed should al so be factored in a companys competitive advantage since it provides efficiency in the actors line of goods and services. Consequently, having fair and reliable distribution channels is an added advantage to any company. A reliable delivery service with a strong distribution network plays a major role in attracting a large client base for the company (Pearce & Robinson,