It specifically addresses what the organization has in stock that will achieve advantage in the competitive market. Cost Leadership and Differentiation. DEVANDRAN MUTHU . 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. 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. Technology rose as a major factor in competitive advantage with the industrial revolution. Creative product development process best explained the non-financial measure. 2. The concept of competitive advantage has received considerable interest from researchers. Mutua Shedrack Mbithi, 4Dr. In this regard, past related studies are sought and collated. In these studies, competitive advantage is investigated as the dependent variable i.e., the consequence. ABSTRACT This study sets out to investigate the factors that influence sustainable competitive advantage among cut flower companies in Naivasha District, taking specific cases of two companies which for this purpose we will refer them as company A and B. Video created by Ludwig-Maximilians-Universität München (LMU) for the course "Competitive Strategy". The most significant factor influencing sustainable competitive advantage at BIDCO is advertising, followed by packaging and branding respectively. 9|Þæ»oKÌ/O9Ù"äºxj«šï3ÑÆ^]Až˜9š»ýc¹¬VE¹æ÷Ey]6…ÿžuÓN7Y WîßÑÕêÈ?g½‰2†ÏŸ´hQ?ç„ÌÃثvÓ. Reporting the review: The findings of the SLR are reported through a step-by-step description and explanation of the phases conducted and the result found through the research process. By nature, production implies conversion of inputs into value added output as per consumer specifications. Citation: Karuoya, L. N. (2014). Factors Influencing Competitive Advantage in Banking Sector: A Systematic Literature Review: Emad Ali Kasasbeh, Yoshifumi Harada and Idris Md Noor: Abstract: 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. ABSTRACT This study sets out to investigate the factors that influence sustainable competitive advantage among cut flower companies in Naivasha District, taking specific cases of two companies which for this purpose we will refer them as company A and B. The strongest forms of competitive advantage come from business model innovation and management innovation. industry and to determine factors influencing the competitive advantage of firms in the micro finance industry. It is also defined as service development and increase in sales and growth8,11,22,23, service quality10,23,24, responsiveness to customers, organizational core competence and cost effectiveness6,12,25-27. 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. 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. On another end, theorists and researchers can explore this to understand how further researches that will contribute to the extension of the body of knowledge can be achieved. Cost Leader Factors Influencing Competitive Advantage In Banking Sector A, project management assignments jokes powerpoint, graphicriver simple resume download, essaytyper legitimate credit payment card work Table 4 presents the antecedent factors of competitive advantage and the relationship as shown in the empirical findings. 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. The intervention is the converging points of the objectives to be achieved by this study and the comparison is to situate the findings within the body of knowledge and in relationship with past related studies. 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. The research design was a survey which looked at all the forty three commercial banks in Kenya. 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. Therefore, the degree of concentration in the industry must be assessed as one of the primary factors influencing intensity of competition in the industry. Commercial Banks in Kenya and the factors influencing the competitive advantages. The study companies 69. In financial institutions or studies that measured competitive advantage using financial measures, it is defined as the yearly turn-out profit of the company, measured by Return of Equity (ROE) or/and Return on Assets (ROA)6-9,13,18,19. With the emergence of the digital economy and shorter product/service life cycles, The three main phases in SLR are (a) Planning the review, (b) Conducting the review and (c) Reporting the review16. Competitive advantage comes about from general elements described in competitive advantage and from types of innovation described in innovation. According to Porter (1985) competitive advantage can be defined as “When a firm sustains profits that exceed the average for its industry”. All the competitive advantage factors are rated higher for the MNC subsidiaries whose relative market share from a dominant competitor is more than 1.5 times (Table 5.28). View Factors_Influencing_Competitive_Advantage_in_Banki.pdf from BUSINESS MISC at University of Malta. competitive strategy concentrates on the industry, competitive advantage concentrates on the firm. According to economic theory, companies compete with each other in the marketplace. Conceptualizing competitive advantage for banking organization: The conceptualization of organization competitive advantage is often determined by the nature of the organization being investigated. These are the essences of banking sector’s support to national economic growth and development and why attaining competitive advantage has always been the priority of the actors in the sector. The research revealed that the main types of competitive advantages enjoyed by commercial banks are Brand Loyalty. According to Porter (1985) competitive advantage stems from the many discrete activities a firm performs in designing, producing, marketing, delivering and supporting its product. 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. Table 1 presents the PICOC review method as it relates with this study. Notably, in studies that investigated competitive advantage using non-financial measures, it is investigated as moderator, mediator or antecedent variable to the actualization of organization performance. Planning the review: Planning the review phase is essential in achieving an unbiased result. Cost leadership, differentiation advantage identified by Porter as the main types of competitive advantage. Reducing prices can give a business a competitive advantage The size of the competitor may also affect a business. The role of banking organization in risk hedging and as economic shock absorber must be strengthened with continuous innovative banking practices. The definition of competitive advantage provided by Ward and Peppard5, being a broad concept that deals with business engineering process (BRP) in view of ensuring organizations are edges over their competitors is acceptable. In these stances, constructs like strategic planning, competitive intelligence, corporate social responsibility, innovation and creativity are used as synonyms to competitive advantage6-8. Comparative Advantage vs. 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. However, financial and non-financial measuring dimensions that will reflect provisions of Vahid et al.10, Majeed11, Agha et al.12 and Wagner and Weitzel13 are encouraged for a comprehensive construct measurement and reliable data gathering. Firms need to manage the factors that contribute towards competitive advantage to ensure their survival. The specific objectives were: See discussions, stats, and author profiles for this publication at: 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. Abstract: The purpose of the study was to determine factors influencing a firm’s competitive advantage among supermarkets in Kenya. Materials and Methods: This study employed Systematic Literature Review (SLR) as a research method. Clearly, a high number of competitors of equal size will lead to more intense rivalry. Innocent has focused on th… Figure 1 depicts the SLR research design. Factors influencing competitive advantage The competitive advantage of Tesco Plc has a significant impact on its operational efficiency, profitability and customer base [ CITATION Pau141 \l 1033 ]. 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. However, it seems that the differentiation strategy of a lot of products seems to not have been given a second thought. https://scialert.net/abstract/?doi=rjbm.2017.67.73, SLR research design (Adapted from Kitchenham, Summary of the review on competitive advantage, Summary of dimensions where competitive advantage are studied as independent variable, Summary of the antecedent factors of competitive advantage, It provides a banking institutional focus definition for competitive advantage that measures both financial and non-financial dimensions, It identifies the antecedent factors of competitive advantage in the banking sector, It presents the methodological approach of using Systematic Literature Review (SLR) in answering research questions. Economies of scale: Scale of business stands for the size. 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. The factors that lead to a competitive advantage for a firm is as follows: 1. The pricing decision is potentially a very complex one because it often has to adjust to the requirements of different groups within the firm. Conclusion: Competitive advantage can be conceptualized with measurable financial and/or non-financial dimensions and tested in future empirical studies for model fitness. March 2019 . 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. 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. The significances of this study, among others are: I would like to thank all those who participated in this study, my supervisor and the co-supervisor for sharing their experiences with us and School of Business Innovation and Technopreneurship, University Malaysia Perlis. Corpus ID: 55682858. On another hand, competitive advantage is seen as a performance construct which shows a phenomenon of organizational progress. Several factors which have a significant impact on competitive advantage of Tesco Plc include marketing strategies, economies of scale, innovation and use of latest technology. The financial measures are mostly characterized with Return on Assets (ROA) and Return on Equity (ROE) to measure yearly turn-out profit of the company. Res. The SLR is a method of identifying, evaluating and interpreting available information regarding a research topic, topical questions or interest15,16. The economic importance of banking institutions on national development and human capital growth is a motivating factor for researches in the area. 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 SLR consists of review protocol which specifies the topic to be researched and the method customized in conducting the review. C Factors influencing competitive advantage in the banking sector Context Understanding the broad view of conceptualizing competitive advantage and its antecedent factors 69. This provides a more expansive content of antecedent factors of competitive advantage in banking sectors, compared to what was reported by Heywood and Kenley 21, Giudice and Peruta 23, Militaru and Ionescu 30, Mimosette and Djeumene 34, Barrett et al. It is also similar to comparative advantage, but not identical in nature. Faculty : Economics and Management . Porter’s diamond suggests that there are four factors that influence competitive advantage: factor endowments, firm strategy/structure/rivalry, demand conditions, … The research method employed in this study’s research design is SLR. Competitive advantages that accrue from scale typically refer to supply-side advantages, such as the purchasing power of a large restaurant or retail chain. Innocent competes in a dynamic and complex environment. The results also indicated that disruptive technology is a strong influence on customer loyalty. 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. SME third-party logistics Thus, in-depth research in the area of influencing factors of competitive advantage progression on third-party logistics is still lag. The banking sector is also responsible for financing investment portfolio, generate high revenue and expand the national reserve1. This notable disparity in the conceptualization and operationalization of competitive advantage, more specifically in the narrow context of banking sector, motivated this study. 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 … Unlike comparative advantage, which is determined by largely unchangeable factors, competitive advantage can be created. It is a more dynamic, strategic concept. Scale Advantage . In either of these cases, the position of the construct in the research model determines the adopted measuring dimensions. It is purposively used to gather available and related evidences to a phenomenon under investigation and summarize empirical evidences for the benefits of the research. This provides a more expansive content of antecedent factors of competitive advantage in banking sectors, compared to what was reported by Heywood and Kenley21, Giudice and Peruta23, Militaru and Ionescu30, Mimosette and Djeumene34, Barrett et al.9, Majeed11, Prescott19 and Kraja and Osmani31, among others. By … 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. The reputation Apple Corp. manufactures and markets a variety of computers and consumer electronics products, including smartphones, tablets and music players. Context Understanding the broad view of conceptualizing competitive advantage and its antecedent factors. They are used as metrics when competitive advantage is investigated as dependent variable. Also, the identified antecedent factors of competitive advantage, among other are customer orientation and market differentiation, firm’s performance, core competence and increased sales. The population describes the general theme of the articles reviewed in the study. Some of these studies36,37 showed encouraging levels of effectiveness in many dimensions of composite marketing strategies with adequate managerial recommendations. FACTORS INFLUENCING SUSTAINED COMPETITIVE ADVANTAGE AMONG TELECOMMUNICATION FIRMS IN MALAYSIA. 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} } The three factors above will help you win someone over in order to build a relationship with them; however, the relationship itself will give you an edge once it is established. At first, technology included industrial machinery, transportation technology, energy, office equipment and consumer products. 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. To achieve this objective the study made use primary data only collected through questionnaires sent to 37 Micro Finance . Antecedents factors of competitive advantage: Several previous studies have attempted to conceptually discuss banking institution’s competitive advantages with respect to its causative factors generally35-37. There are essentially two strategies for creating competitive advantage. 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. 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. 1.0 Introduction 1 2.0 Organisational background 2 3.0 Scope 3 4.0 Strategy paradoxes in BMW’s history 3 5.0 External environment 5 6.0 Internal strengths and weaknesses 8 7.0 Key strategic decisions or recommendations 10 8.0 Implementation challenges 10 9.0 Conclusion 11 10.0 References 13 12.0 Appendices 14 Appendix A – BMW Group in Figures 14 At this phase, the researcher sets the requirement necessary to collate broad and objective information critiqued in answering the research questions. 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. Citation: Karuoya, L. N. (2014). In this post I’m going to be focusing on differentiation, but it is important to understand why differentiation is a strategy and how it relates to competitive advantage. Factors influencing sustainable competitive advantage among cut flower companies. There will be less rivalry when a clear leader exists (at least 50 % larger than the second). We also conducted comparison tests on subsidiaries with relative market shares of more than 1 versus less than 1 ( Table 5.29 ). Reputation and quality are critical factors influencing the study destination of students at all levels. The production factors that can be a source of competitive advantage are: 1. It is the main strategy of detecting relevant literature review and how information is obtained from the primary study. Musiega Douglas 1 MBA (Strategic Management) Student, 2Msc … Business Manage., 11 (2): 67-73, 2017 Table 2: Summary of the review on competitive advantage The field of production has, therefore certain areas where the firm can have core competency and, therefore, competitive advantage. Closed ended questionnaires were used to collect data. 4.3.7 perceived factors facilitating competitive advantage 74 4.3.8 culture and individual consideration 76 4.4 conclusion 77 chapter 5: conclusion 79 5.1 introduction 79 5.2 factual conclusions 79 5.3 conceptual conclusions 81 5.4 chapter conclusions 83 reference list 84 A fourth factor that fits in with a long-term competitive advantage is relationship. Chairman : Kenny Teoh Guan Cheng, PhD . Very few studies have focused on this area and most of the studies are focused on the logistics industry’s overall S Factors Influencing Competitive Advantage within the Beer Manufacturing Sector in Kenya: A Case Study of East Africa Breweries Limited The investment analyst firm Market Realist identified brand strength, innovation, supply chain management and premium pricing strategy as key factors in the company’s competitive advantage. Conducting the review: The review is conducted using Ahmed and Salim15 Population-Intervention-Comparison-Outcome-Context (PICOC) format. 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. C Factors influencing competitive advantage in the banking sector. Target market segmentation. factors influencing competitive advantage among oil and gas companies in nairobi kenya by mary w maina a research project submitted in partial fulfillment of the requirements for the award of the degree of master of business administration, school of business, university of nairobi august 2015 Factors Influencing Pricing – Nature of Consumer Demand, Competition, Distribution Network, Internal Factors and Environmental Factors . Competitive advantage of the banking institutions is therefore an important institutional framework to achieve success in the global competitive market. Primary and secondary data for the study were collected from furniture Factors Influencing Competitive Advantage among Supermarkets in Kenya: A Case of Nakumatt Holdings Limited 1Mumassabba Janet, 2Muchibi M. Wilbrodah, 3Dr. The outcomes are the findings of the review process. Advertising of the product at lower prices. 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. By . Research design is a systematically-arranged plans or procedures based on certain assumptions, to answer the study’s research questions14. Specifically the study sought; to determine the influence of product innovation, information technology, managerial capacity and relationship with suppliers on supermarkets’ competitive advantage. The results imply that customer loyalty is an important component in the creation of competitive advantage for customer retention. 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. 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 The global practice of banking organizations is to stimulate national economic growth by increasing operating revenues, deposit and credit facilities. The research questions of this study can be summarized into two: (a) What are the measuring dimensions of competitive advantage and (b) What are the factors influencing competitive advantage in the banking sector? Competitive advantage creates opportunity for new products to disrupt incumbent industries and it helps create a moat of defence against the onslaught of competition. Articles that are not related to the defined themes are excluded from the collation. The study recommends that the management of BIDCO should segment their customers and use the specific channel of communication to advertise to respective segments. Factors influencing sustainable competitive advantage among cut flower companies. This clearly shows that strategy, through different conceptualizations like innovation, quality management and corporate social responsibility have been found to be related with competitive advantage. Banks are expected to be well-capitalized and imbibe restricted lending culture to avail the much needed sustainable growth and development3,4. It is the main strategy of detecting relevant literature review and how information is obtained from the primary study16,17. 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