ISYS1021 Lecture Notes - Lecture 30: Competitive Advantage, Wavelength-Division Multiplexing, Public Company
13 May 2016
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Document Summary
Sustainable competitive advantage financial performance that consistently outperforms industry averages. Need strategic positioning more than operational effectiveness. Operational effectiveness is not sufficient to maintain this. Operational effectiveness performing the same tasks better than rivals perform them. Efforts can be matched can"t rely on this for sustainable competitive advantage. Strategic positioning performing different tasks than rivals, or the same tasks in a different way. Strengthening strategic differences helps create sustainable competitive advantage. Inventory turns sometimes referred to as inventory turnover, stock turns, or stock turnover. It is the number of times inventory is sold or used during a given period. A higher figure means that a firm is selling products quickly. Means it is selling faster and earning more money. Straddling attempts to occupy more than one position, while failing to match the benefits of a more efficient, singularly focused rival.
