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Solved in 3 steps
- Discuss. How does market competition drive companies to focus on continuous improvement and innovation?How can organizations effectively identify and leverage untapped or underutilized elements within their value chain to gain a competitive advantage in the market?How can an organization effectively identify and leverage untapped opportunities within specific elements of the value chain to gain a competitive advantage in the market?
- How can an organization effectively identify and leverage untapped elements within its value chain to gain a competitive advantage in the market?How can organizations effectively identify and leverage underutilized elements within their value chain to gain a competitive advantage in the market?How can an organization effectively identify and leverage untapped opportunities within the elements of its value chain to enhance overall business performance and competitive advantage?
- How has the Internet affected competitiveness?How does consistency in delivering products or services impact customer satisfaction?Describe the relationship between business level strategy and value chain activities. How do disruptive business models alter a value chain? What are the implications for the business and for its competitors?
- Explain the strategic option that takes the organization away from its existing products and markets showing its main advantages and disadvantages and the appropriate methods for its implementation?What are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?Since U.S. manufacturing competes on price throughout the world, innovation plays a very small part in the U.S. economy.