Competitive advantage is a set of unique attributes of a nation. It is an advantage, capability, ability, strategy, that a nation or state or country has and enabling it to generate or produce or make more sales, profit, money, income and revenue and enables it to attract and retain more investors than other nations (competitors). It also puts a state in a profitable and superior strategic business position in the global markets (OU, 2010). The above figure: the determinants of national competitive advantage of Porter (OU, 2010). Applying Porter’s Diamond model of nations which consists of four major attributes to determine the global competitiveness in Bahrain: Factor Conditions in Bahrain The nation’s relative …show more content…
Bahrain is located at the heart of the Gulf Cooperation Council GCC market, which makes Bahrain the most suitable location to meet the increasing demand of GCC countries for manufactured goods (Cho & et al, 2013). For example: inexpensive housing much in demand: there is considerable demand for affordable housing. For example; huge pressure from abroad on the shipping and export companies in Bahrain because of Bahrain 's strategic location in land, air and sea freight. Related & Supporting Industries in Bahrain The presence or absence in the Bahrain of globally competitive supplier and related industries is a key factor. There are some industries in Bahrain which supports the natural gas, aluminum, timber, construction equipment and petroleum production (Cho & et al, 2013). For example; Natural gas in Bahrain supports gas companies instead of asking gas from neighboring countries. Moreover, lots of gas cylinder companies have flourished in the country as NADAR Co. and ALHASSANIN Co. For example; ALBA factory provides aluminum for companies in Bahrain, in order these companies will not ask for aluminum from foreign countries. Firm Strategy, Structure & Rivalry in …show more content…
To attract and retain foreign direct investments that the government of Bahrain should adopt; The government of Bahrain should adopt the Capital Control Policy What are capital controls? And why they are essential? Capital control refers to measures taken by a government or the central bank to enclose the inflow and outflow of foreign capital in and out of a country (OU, 2010). However, the global capital flows are critical for Bahrain because it is small nation; so in Bahrain the economy is open and no need to impose complex capital controls. The benefits of Capital Controls Policy is to control the inflow and outflow of foreign capital, the government and the central bank of Bahrain bring measures like imposition of taxes on the flows, restricting the quantity of foreign currency purchase, and bringing legitimate measures to limit foreign currency dealings. The objective of capital control is to limit the instabilities created by capital flows (Moon & et al, 2013) (J. Smith,
Click here to unlock this and over one million essaysShow More
Bark & Co. is a company founded by Matt Meeker, Henrik Werdelin and Carly Strife. The company owns several products – the initial and probably best known is ‘BarkBox’. Due to BarkBox’s success, the company Bark & Co. was created, which dedicates to build products that promote health and happiness of dogs everywhere (BarkShop, 2014). It was launched in December 2011 and had reached $25M in revenue by June 2013 with 100,000 subscribers (Fueled, 2013). Like illustrated in Figure 2, Bark & Co. has different businesses: ‘BarkPost’ is a dog content website that has the capability of receiving over 400,000 visitors monthly, ‘BarkCare’ is a dog health mobile application that can be reached 24 hours 7 days a week for vet consultation service (D’Onfro,
This country is known as one of the wealthiest country in the world. They are on the list of highest GDP per capita due to the export of oil and gas to different countries. Qatar is also known as one of the country with the best airlines which is Qatar airways that is awarded with 5 star rating y Skytrax. All this information all comes down that money is what makes people happy is Qatar. Weiner stated as he traveling in Qatar that, "Maybe the secret to happiness is money.
The capital business sector is the business sector for securities, where organizations and the legislature can raise long haul stores. The capital business sector incorporates the stock exchange what 's more, the security market. Money related controllers, for example, the U.S. Securities and Exchange Commission, direct the capital markets in their individual nations to guarantee that financial specialists are ensured against extortion. The capital markets comprise of the essential business sector, where new issues are appropriate to financial specialists, and the optional business sector, where existing securities are exchanged. (n.d.).
In the period of 90s there was a study Bliss (1989) he found and prove that remittance can be used as a good tool to fill the gap of foreign currency shortage. He argues that some of the developing countries can’t achieve the economic growth because of shortage of foreign
Mr Price has a wide range of competitors such as H&M, Woolworths and Pick ‘n Pay. A competitive advantage describes how the business has benefits or strengths over its competitors in the market. By having this, the competitors don’t seem as a threat to the company. It’s used
Introduction Saudi Arabia is a resourceful country. Saudi Arabia is a country in the Middle East bordering the Persian Gulf and Red Sea. Extensive coastlines provide leverage on shipping, especially crude oil, through the Persian Gulf and Suez Canal. Neighboring countries include Iraq, Jordan, Kuwait, Oman, Qatar, United Arab Emirates, and Yemen. The geography of Saudi Arabia is primarily desert with rugged mountains in the southwest.
Part A Macro environment is important factor affecting the development of enterprises. A macro environment is the condition that exists in the economy as a whole, rather than in a specific sector or region.(Macro Environment n.d.) Cultures, politics, technology, nature, economy and demographic are the six major forces in the company 's macro-environment.(Kotler & Armstrong 2014, p96） Political factors Political factors include government regulations and legal issues and define both formal and informal rules.(PEST Analysis n.d.) All the companies have to follow these rules.
In the Oil & Gas Industry the competition is significantly intensive, with the market being ruled by big giants such as Exxon Mobil, Total, ConocoPhillips, British Petroleum, Chevron and the Royal Dutch Shell etc. Appendix A shows the market values of these super majors. The market is over ruled by three different types of players. 1.
ACHIEVING GLOBAL COMPETITIVE ADVANTAGE OF APPLE INC. Apple Inc. is an American conglomerate company located in one immeasurable loop, Cupertino, California in the middle of the Silicon Valley. (OPPapers, 2012). Apple is motivated on their designing, developing, innovating new products like the personal computers, other related software products, and the electronic products such as MP3 players and iPods. Apple Inc.’s main products are iMac, iPod, iPhone, iPads and its latest advanced product is iWatch, which is on the edge of creating another revolution after iPhone. Apple Inc. has transformed its image from an inventive computer manufacturer to a fully-fledged consumer 's electronic company.
The four building blocks of competitive advantage can be used to help a company become more profitable and stay ahead of their competition. The four factors are superior efficiency, quality, innovation, customer responsiveness. All four building blocks are important to any company. However, I believe that customer responsiveness is the most important because having loyal and happy customers can make or break any company. The four building blocks can help companies grow and become the leader in their industry over their rivals.
I. Background and Company Analysis ________________________________________ Patagonia, founded by Yvon Chouinard in 1971, is an outdoor apparel company that has successfully integrated green elements into almost every business activity, from R&D to human resources management, to reduce harm to the environment. These elements firmly align with the corporate objectives of enhancing product and service quality, reducing environmental impacts and having constant innovation. These practices not only enable Patagonia to create values to its customers, but also help the company differentiate itself as innovative leader in the green segment of the industry. A. Orsato’s Framework - Competitive Environmental Strategies Patagonia should be considered
o Qatar imports most of its food, through land, sea and air. When the economic blockade took place. It has closed the only land border Qatar shares with Saudi Arabia. This means that now Qatar has to operate like an island. Higher costs are the outcome as many essential goods such as food and medicine had to be imported through air as an emergency step to maintain the standard of living of the citizens of the country.
Competitive advantage is when two or more firms compete within the same markets, one firm possess a competitive advantage over its rival when it earns (or has potential to earn) a persistently higher rate of profit. There are three types of competitive advantage. a) Cost leadership strategy occurs when a firm a delivers the same services as its rivals but at a lower price. b) The differentiation strategy occurs when a firm delivers greater services for the same price of its rivals. c) Focus strategy is a focused approach requires the firm to concentrate along one specific segment either a cost leadership or a specialization strategy.