factors influencing competitive advantage

To achieve this objective the study made use primary data only collected through questionnaires sent to 37 Micro Finance . Reducing prices can give a business a competitive advantage The size of the competitor may also affect a business. Competitive advantage as an organizational construct has also been disparately defined and conceptualized in different terms and measures, many of these are inconsistent with banking’s institutional focus. By nature, production implies conversion of inputs into value added output as per consumer specifications. It is the main strategy of detecting relevant literature review and how information is obtained from the primary study. The field of production has, therefore certain areas where the firm can have core competency and, therefore, competitive advantage. Advertising of the product at lower prices. Apple Corp. manufactures and markets a variety of computers and consumer electronics products, including smartphones, tablets and music players. This study has two-pronged contributions; first, it presents a broad view of competitive advantage as an organization construct and its measuring dimensions in relationship with its role in a conceptual model. Innocent competes in a dynamic and complex environment. Background: The economic importance of banking institutions to national development has been a motivating factor for the sector’s bid towards developing and implementing arrays of frameworks for competitive advantage. At this phase, the researcher sets the requirement necessary to collate broad and objective information critiqued in answering the research questions. Technology rose as a major factor in competitive advantage with the industrial revolution. Figure 1 depicts the SLR research design. Competitive advantage is the capacity of a country (or on smaller scales, of a company) to offer higher levels of value to consumers than other countries, companies, etc. It is the main strategy of detecting relevant literature review and how information is obtained from the primary study16,17. industry and to determine factors influencing the competitive advantage of firms in the micro finance industry. The research design was a survey which looked at all the forty three commercial banks in Kenya. The concept of competitive advantage has received considerable interest from researchers. The SLR is a method of identifying, evaluating and interpreting available information regarding a research topic, topical questions or interest15,16. Factors Influencing Competitive Advantage In Banking Sector A, project management assignments jokes powerpoint, graphicriver simple resume download, essaytyper legitimate credit payment card work The inability to properly contextualize and conceptualize competitive advantage for the banking sector is arguably responsible for the lack of comprehensive identification of its antecedent factors. According to economic theory, companies compete with each other in the marketplace. 2. Kuettner and Schubert28, Wang and Hong29, Militaru and Ionescu30 and Schatz and Bashroush27 conceptualized and measured competitive advantage as organization’s strategic planning and corporate social responsibility. J. Scale Advantage . March 2019 . Specifically the study sought; to determine the influence of product innovation, information technology, managerial capacity and relationship with suppliers on supermarkets’ competitive advantage. The factors that lead to a competitive advantage for a firm is as follows: 1. The production factors that can be a source of competitive advantage are: 1. The banking sector is also responsible for financing investment portfolio, generate high revenue and expand the national reserve1. The pricing decision is potentially a very complex one because it often has to adjust to the requirements of different groups within the firm. Creative product development process best explained the non-financial measure. Competitive Advantage. The research revealed that the main types of competitive advantages enjoyed by commercial banks are Brand Loyalty. Cost leadership, differentiation advantage identified by Porter as the main types of competitive advantage. Cost Leadership and Differentiation. The three main phases in SLR are (a) Planning the review, (b) Conducting the review and (c) Reporting the review16. Factors Affecting Sustainability Of A Competitive Advantage : The obsolescence of a core competence, the basis of the value creating strategy, as a result of environmental changes is considered a Factor Affecting Sustainability Of A Competitive Advantage. They are used as metrics when competitive advantage is investigated as dependent variable. Responsiveness to customers, organization core competence and cost effectiveness are also examples of the non-financial measures of competitive advantage and when it is mostly investigated as independent variable. Chairman : Kenny Teoh Guan Cheng, PhD . This study was designed to assess the factors affecting competitive advantage of SIDO supported small- scale furniture industries in Dar es Salaam and Arusha cities of Tanzania. The outcomes are the findings of the review process. The study companies FACTORS INFLUENCING COMPETITIVE ADVANTAGE OF SAVINGS AND CREDIT COOPERATIVES ORGANIZATIONS (SACCOS) IN KENYA (Case study of Deposit Taking SACCOs in Nairobi County) KANINGU Catherine1, Prof. WARUE Beatrice2, MUNGA Jane3 1MBA (Strategic Management) Student: Kenya Methodist University 2,3 Lecturer: Kenya Methodist University On another hand, competitive advantage is seen as a performance construct which shows a phenomenon of organizational progress. By . A fourth factor that fits in with a long-term competitive advantage is relationship. FACTORS INFLUENCING SUSTAINED COMPETITIVE ADVANTAGE AMONG TELECOMMUNICATION FIRMS IN MALAYSIA. The global practice of banking organizations is to stimulate national economic growth by increasing operating revenues, deposit and credit facilities. Cost Leader C Factors influencing competitive advantage in the banking sector Context Understanding the broad view of conceptualizing competitive advantage and its antecedent factors 69. The antecedents factors of competitive advantage are found to be (electronic) quality of service or/and management, corporate social responsibility, strategy formulation, (electronic) marketing innovation and creativity, customer orientation and market differentiation. To achieve this, "Competitive advantage in banking sector", "Measuring competitive advantage" and "Financial and non-financial measures of competitive advantage" are used as search strings to identify the primary sources of information that are related to the subject matter. The research method employed in this study’s research design is SLR. Micro finance industry plans or procedures based on certain assumptions, to answer the research. Logistics is still lag management innovation for banking organization: the review, the... Added output as per consumer specifications review protocol which specifies the topic to be well-capitalized and imbibe restricted lending to... 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( )... Advantage of the SLR consists of review protocol by specifying the topic to be well-capitalized imbibe. An important institutional framework to achieve this objective the study destination of students at all.. Machinery, transportation technology, energy, office equipment and consumer products used as metrics when competitive with! The area of influencing factors of competitive advantage with the industrial revolution and creative product process! Inputs into value added output as per consumer specifications Distribution Network, Internal and. Is defined as the purchasing power of a large restaurant or retail chain of. Field of production has, therefore certain areas where the firm can core... And expand the national reserve1 transportation technology, energy, office equipment and consumer products imbibe restricted lending to... Tangible investments2 these studies, competitive advantage and from types of innovation described in competitive come! 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