EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Question
Chapter 3, Problem 4DQ
Summary Introduction
Interpretation: Whether it is possible for an organization to achieve superiority in all competitive priorities is to be discussed along with the reasons and pros and cons.
Concept Introduction: The competitive priorities are referred as the dimensions which can satisfy the customer internal and external demands and those dimensions are cost, quality, time, flexibility and innovation which can be considered as competitive advantage in the company.
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Is it possible for a world class organization to achieve superiority in all five major competitive Priorities-price (cost), quality, time, flexibility, and innovation? Explain your reasoning. Provide examples pro or con.
Is it possible for a world-class organization to achieve superiority in all five major competitive priorities- price(cost), quality, time, flexibility, and innovation ? Explain your reasoning.
Many organizations have differentiated themselves in the marketplace by their "low cost" value proposition to customers (i.e. Spirit Airlines, Dollar Tree, Walmart, and Aldi). To achieve this, the organization fine-tunes their business model to remove as many overhead costs and unnecessary costs so it may pass those savings on to its customers. Select a domestic or international business that has a "low cost" value proposition to its customers and consider the following questions: How does it market itself? How does a low-cost operating structure make them stand out and succeed in the market? Is "low cost" a sustainable model for this company? Evaluate this strategy from an ethical perspective.
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