Competitive advantage comes about from general elements described in competitive advantage and from types of innovation described in innovation.The strongest forms of competitive advantage come from business model innovation and management innovation.Below are categories of questions to prompt creative thinking of the possibilities for creating a competitive advantage with a business … Competitive advantage creates opportunity for new products to disrupt incumbent industries and it helps create a moat of defence against the onslaught of competition. Results: The study found that quality of service or/and management, corporate social responsibility, strategy formulation, (electronic) marketing innovation and creativity, among others are factors influencing competitive advantage in the banking sector. DEVANDRAN MUTHU . See discussions, stats, and author profiles for this publication at: Research objectives The general objective from where the researcher drew his specific objectives was, to identify factors that influence or affect competitive advantage in Nairobi North District SACCOs. Closed ended questionnaires were used to collect data. The study recommends that the management of BIDCO should segment their customers and use the specific channel of communication to advertise to respective segments. The most significant factor influencing sustainable competitive advantage at BIDCO is advertising, followed by packaging and branding respectively. Articles that are not related to the defined themes are excluded from the collation. The factors that lead to a competitive advantage for a firm is as follows: 1. Others are firm’s performance, core competence, increased sales, business efficiency, product value, effective cost, product customization, customer service and satisfaction, usability, sales management activities, market-oriented product management activities, sales performance and efficiency. Some of these studies36,37 showed encouraging levels of effectiveness in many dimensions of composite marketing strategies with adequate managerial recommendations. 69. Cost Leadership and Differentiation. Competitive advantage as a broad concept deals with business engineering process (BRP) that will put the organization in a lead among other competitors within their sector5. Factors Influencing Sustainable Competitive Advantage in the Fast-Moving Consumer Goods Sector: A Case of Bidco Africa @inproceedings{Wanjohi2017FactorsIS, title={Factors Influencing Sustainable Competitive Advantage in the Fast-Moving Consumer Goods Sector: A Case of Bidco Africa}, author={Caroline N. Wanjohi}, year={2017} } J. The relationship between the measures of the competitive advantage and the position of the construct in the conceptual model is also an interesting niche for research exploration. Technology rose as a major factor in competitive advantage with the industrial revolution. The pricing decision is potentially a very complex one because it often has to adjust to the requirements of different groups within the firm. Factors influencing sustainable competitive advantage among cut flower companies. It is against this backdrop that this study is conducted to identify the factors that influence competitive advantage in banking organizations and conceptualized the construct through both financial and non-financial perspectives. In these studies, competitive advantage is investigated as the dependent variable i.e., the consequence. It is the main strategy of detecting relevant literature review and how information is obtained from the primary study16,17. Planning the review, conducting the review and reporting the review are other phases of the SLR method. The economic importance of banking institutions on national development and human capital growth is a motivating factor for researches in the area. Scale Advantage . Innocent has focused on th… Identifying these antecedents are essential for conceptualizing and investigating constructs that are related to competitive advantage in the banking sector and extending the previously-proposed related conceptual models. It specifically addresses what the organization has in stock that will achieve advantage in the competitive market. S Factors Influencing Competitive Advantage within the Beer Manufacturing Sector in Kenya: A Case Study of East Africa Breweries Limited The role of banking organization in risk hedging and as economic shock absorber must be strengthened with continuous innovative banking practices. There are essentially two strategies for creating competitive advantage. Factors Influencing Pricing – Nature of Consumer Demand, Competition, Distribution Network, Internal Factors and Environmental Factors . industry and to determine factors influencing the competitive advantage of firms in the micro finance industry. In these stances, constructs like strategic planning, competitive intelligence, corporate social responsibility, innovation and creativity are used as synonyms to competitive advantage6-8. The strongest forms of competitive advantage come from business model innovation and management innovation. We also conducted comparison tests on subsidiaries with relative market shares of more than 1 versus less than 1 ( Table 5.29 ). The global practice of banking organizations is to stimulate national economic growth by increasing operating revenues, deposit and credit facilities. Identifying these factors that influence competitive advantage in banking sector will contribute to practitioner’s understanding of the practical factor that are related to achieving competitive advantage. 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. 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. Very few studies have focused on this area and most of the studies are focused on the logistics industry’s overall In events of economic recession and adversities, the bank helps in hedging risk and financing tangible investments2. Abstract: The purpose of the study was to determine factors influencing a firm’s competitive advantage among supermarkets in Kenya. In such cases, constructs like organizational performance, operational efficiency, financial performance, financial sustainability, organization creativity8 and innovation9,10 have also been used in describing competitive advantage10-13. Factors Influencing Competitive Advantage In Banking Sector A, project management assignments jokes powerpoint, graphicriver simple resume download, essaytyper legitimate credit payment card work At this phase, the researcher sets the requirement necessary to collate broad and objective information critiqued in answering the research questions. Factors Influencing Competitive Advantage among Supermarkets in Kenya: A Case of Nakumatt Holdings Limited 1Mumassabba Janet, 2Muchibi M. Wilbrodah, 3Dr. Table 2 and 3 present the summaries of the review on competitive advantage and the dimensions of competitive advantage when investigated as dependent (i.e., consequence) and independent (i.e., cause) variable, respectively. From the non-financial measure perspective, competitive advantage is defined as the innovative ideas and creative product development process of the organisation7,9,19-21. The outcomes are the findings of the review process. In summary, competitive advantage is the same term as firm/organization performance when measured with constructs that reflect the organization growth or in terms of innovation and other associated constructs. By … The banking sector is also responsible for financing investment portfolio, generate high revenue and expand the national reserve1. Apple Corp. manufactures and markets a variety of computers and consumer electronics products, including smartphones, tablets and music players. Almost every business takes into consideration the external factors such as political, economic, and legal and many others to keep growth and gain competitive advantage. 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