Acquisition Of Competitive Advantage Research Articles

Інститути інноваційного розвитку як чинник конкурентних переваг країни

The aim of the research is to generalize the foreign experience of gaining competitive advantages by the country through institutional influence on the innovative development of the economy and to study the possibility of its application in Ukraine. In the context of global challenges that make changes in the traditional world order of economic management, when competition for leadership and maintenance of innovative competitive advantages in the international arena is intensifying, there is a need to study the impact of institutions on the innovative development of the economy of the most powerful countries of the world along with the countries catching up in development, including Ukraine. The carried out research systematized scientific views; generalized them taking into account more contemporary thoughts; the data of the ratings of competitive advantages of countries and their dimensions are analyzed; the experience of institutional development of the leading countries and the principle of consistency in building an effective national scientific and innovation system are compared. It is verified that inclusive political institutions create obstacles to the usurpation of power and generate inclusive economic institutions that provide greater stability to the country’s economy. A general rating characterization of the economic development of countries that underlie innovation and acquisition of competitive advantages in the world market is carried out. The experience of foreign countries in transforming institutions into a competitive advantage that contributes to the innovative development of the State is studied. Obstacles to the innovative development of Ukraine have been identified. It is proved that increasing the international competitiveness of the country’s economy depends on the formation of institutions of innovative development as the basis of national policy and private business. The conditions for building an innovation-type economy as a modern national innovation system of Ukraine are presented and the prospects for their further research are defined.

Team formation as a component formation of a successful corporate environment

The article aims to substantiate the advantages of team building development in the modern corporate environment. An analysis of the history of the origin and rooting of the philosophy of team building in personnel management was carried out with the selection of chronological stages of the development of processes and their content. The study formulated the advantages of team building for the enterprise, which can be attributed to improved communication and cooperation between employees, which leads to increased productivity and creativity; improving problem-solving skills, which allows one to see a problem from different angles and develop creative solutions; involvement and motivation of employees, provides a stable and positive morale necessary for business, which increases labor productivity; greater satisfaction and loyalty of employees, gives them a sense of stability, satisfaction, which leads to increased productivity; reducing stress and conflicts in teams, creating an environment where everyone feels valued and respected; improving teamwork, which is the key to successful work on productivity. An analysis of research in Great Britain statistically proves the influence of factors such as satisfaction with the company's culture, work-related stress, and involvement in processes for the enterprise's profitability. The article suggests methods of improving management effectiveness that can help employees work better together, regardless of the size of the company: creating the foundations for clear communication and employee trust; reducing barriers to healthy collaboration, such as corporate bureaucracy; a precise formulation of duties; increased autonomy for more experienced workers; allocation of time and resources for creative projects. Based on the study, a general conclusion was made regarding the significant role of team building in maintaining a thriving corporate environment as a guarantee for the company's acquisition of competitive advantages. Keywords: team building, team, corporate environment.

Unveiling the Value of Competitive Intelligence: Coordinated Communication and Added Value

Recently, a lot of attention has been paid to several aspects of CI, which influence the decision-making of organizations and the acquisition of competitive advantages. Organizations must leverage data, artificial intelligence (AI), and social capital to enhance their competitive intelligence processes. Social media data, AI and machine learning, big data analytics, dynamic capabilities, and intraorganizational social capital all play significant roles in driving strategic decision-making and improving customer experiences. By integrating these elements effectively, organizations can gain valuable insights, mitigate risks, and stay ahead of the competition.

Combined processing of metal surfaces in agriculture with concentrated energy flows

Modern agritech technologies are complexes of technological operations for managing the production processes of agricultural crops in agrocenoses in order to achieve the planned yield and product quality while ensuring environmental safety and certain economic efficiency. An analysis of the development of agroengineering technologies for the impact of concentrated and highly concentrated energy flows on the surface of materials shows that progress in the use of flame, induction, laser, plasma and other types of energy flows has reached its limit. The technological impasse in agriculture well illustrates the axiom that it is impossible to create universal methods and tools capable of providing exponential development over significant periods of time. Quantitative and qualitative limitations in the use of each individual technology in agriculture stimulate the search for new agricultural solutions. A multiple increase in productivity, the acquisition of competitive advantages, a significant improvement in the quality of the treated surface and obtaining unique, in many respects, properties of materials in agriculture can be achieved due to the synergistic effect when using hybrid technologies. Their efficiency is ensured by saving processing time without loss of quality. The reduction of time costs occurs due to a significant reduction in the number of auxiliary operations or their complete elimination.

The role of innovative technologies in ensuring the competitiveness of the enterprise

Purpose. To establish the reasons for the slowdown of the innovation process in Ukraine and the Ukrainian peculiarities of this process in providing competitive advantage. To develop a conceptual model of the impact of information technology on the formation of competitive advantages. Methodology. The research uses general and special methods of cognition: content analysis for an analytical review of the literature, identifying unresolved aspects of the problem; induction and deduction to establish conditions for formation of a positive impact of innovations on competitiveness; system analysis to establish the reasons for slowing down the innovation process; going from the abstract to the concrete to establish why changes in sustainable development do not outweigh the costs of innovation in Ukraine; idealization to establish new opportunities that open innovations for Economy 4.0; modeling for the development of scheme support system for management decisions regarding innovations and the conceptual model of algorithm of the intelligent system support and decision-making regarding operational and strategic management of innovation process. Findings. The following was established: the nature of the relationship between the introduction of innovations and the acquisition of competitive advantages; conditions for the formation of the positive impact of innovation on competitiveness; reasons for slowing down the innovation process. It is stated that the application of the latest technologies opens new opportunities for gaining competitive advantages. These opportunities were stratified depending on the impact on competitiveness. It is substantiated that innovations serve not only as a tool to increase competitiveness, but also contribute to the movement towards Economy 4.0. Originality. Tools for coordination of operational and strategic management of innovations were proposed. An algorithm of the conceptual model of the innovation decision-making system was developed for the effective implementation of strategic management. Practical value. The developed approaches to support management decisions of the innovation process can increase the efficiency of introducing innovation at enterprises.

Building a model of supply chains duopoly taking into account the marketing and innovative activities of manufacturing enterprises

This paper reports the construction and analysis of the economic and mathematical model of the duopoly of supply chains, based on the model of optimization of plans for the release and delivery of multi-range articles, taking into consideration the marketing and innovative activities of industrial enterprises. Demand for goods is supposed to be an increasing function of advertising costs. In this case, marketing investments affect only the base selling prices of articles and do not affect competitive discounts. The explicit form of this dependence can be established as a result of marketing research. It is also assumed that investments in innovative technological projects could reduce industrial costs; production costs are decreasing functions of the size of the investment. It is believed that the demand function is linearly dependent on the total volume of output produced. The criterion of optimality for supply chains is the maximum of the total profit received from the sale and delivery of finished products to points of consumption, taking into consideration the costs of production and advertising. As a result of this study, equilibrium solutions of the duopoly according to Cournot and Stackelberg were found. That has made it possible to determine the optimal values of product volumes for output, the size of investment investments, as well as product advertising costs. The model helped study the impact of investment deductions and advertising costs on the acquisition of competitive advantages by manufacturing enterprises. A numerical illustration of the results obtained is given. The proposed approach could be used to build and analyze dynamic optimization models taking into consideration the innovation and marketing activities of enterprises, as well as to study other market structures

KNOWLEDGE MANAGEMENT AND FINANCIAL PERFORMANCE IN TRANSITIONAL ECONOMIES: THE CASE OF SERBIAN ENTERPRISES

In this paper the impact and predictive effects of knowledge management on financial performance are analysed. The research also includes an analysis of the moderating effects of two moderators (National Origin and Enterprise Size) and their relationship. The data was gathered by interviewing 520 managers from manufacturing companies operating in Serbia. The most important conclusions of the research are: 1. High levels of knowledge management positively influence business performance, quality and competitiveness. 2. Financial performance is mainly influenced by the dimensions connected to the effects of knowledge management regarding its implementation and protection and the acquisition of competitive advantages. 3. Knowledge management strongly influences the market aspects of business, but also the increase of fixed assets. 4. Knowledge management has a slightly greater impact on financial performance in foreign enterprises (operating in Serbia) compared to domestic (Serbian) enterprises. The situation is similar when comparing medium and large enterprises (a higher impact) with small enterprises (a smaller impact). 5. The greatest effects are achieved when an effective organizational structure is in place, when the organization protects its knowledge, when it manages to materialize the knowledge gathered in the form of the efficient application of knowledge.

Analysis of positioning of sanatorium-resort institutions of the Republic of Bashkortostan and their promotion using innovative technologies

Today, sanatorium and resort institutions are undergoing a difficult period, in particular due to the spread of “Covid19” infection. It is assumed that against the backdrop of the crisis, domestic tourism will develop more, respectively, tourists will prefer to book tickets themselves, studying information on Internet resources. In this case, it is impossible to increase the efficiency of the enterprise and increase the demand for services without the use of innovative IT technologies to sanatoriums. The study showed that the activity of most sanatoriums on international online sites is very weak, as well as many of them do not conduct news feeds on official sites, ignore social networks as an effective mechanism for their promotion, as a result of which circumstances arise when the services provided by sanatoriums do not meet the expectations of vacationers. It should be recognized that the level of service in the sanatorium requires an increase, accordingly, it is necessary to carry out activities to position and qualitatively improve work on online services. The acquisition of competitive advantages and the preservation of loyalty of guests is the key functions of positioning and promoting sanatorium and resort institutions, which in turn will contribute to the management of the sustainable development of the territory of the Republic of Bashkortostan.

ORIGEN DE LAS VENTAJAS COMPETITIVAS DE LA INDUSTRIA OAXAQUEÑA Y RECOMENDACIONES PARA SU MEJOR APROVECHAMIENTO

Este documento es el resultado de un estudio regional de la economía oaxaqueña que busca revelar los determinantes que proveen ventajas competitivas en las industrias estatales poseedoras de cierto liderazgo industrial. Partiendo del análisis que realiza M. Porter (1990), sobre el origen de las ventajas competitivas en las regiones, busca evidencia de la influencia de dos determinantes: la condición de los factores (recursos naturales) y la condición de la demanda (utilizando un análisis del grado de dispersión-concentración de las industrias en el país, propuesto por K. Unger, 2001). Asimismo, retoma la clasificación de Pavitt (1984) para describir el perfil tecnológico-innovativo de cada industria que pueda indicar su potencial integrador en clusters locales. El resultado es una clasificación ad-hoc de las industrias estatales de acuerdo a los factores que parecen haber influido en su localización y adquisición de ventajas competitivas. Además, se postula la posibilidad de encadenamientos productivos, así como la política pública recomendada para el desarrollo de cada sector.

Upravljanje rizicima u funkciji kvalitetnog korporativnog upravljanja

Corporate governance, as one of the greatest innovations in strategic management, has been recognized as a 'tool' aimed at effective and efficient maintenance and acquisition of competitive advantage in the work of a joint-stock company. Corporate governance is a management instrument that provides a structure that can adequately define objectives and provide all the necessary resources which will lead to achievement of these goals and constant performance measurement. Creating a structure for effective decision-making, companies reduce the risk of adverse effects from the external and internal environment of the organization, they use resources in a more rational way and have easier access to fresh capital. After the events that happened in the global financial system in the period 2007/2008, all organizations render incomparably greater significance to risk and risk management. The objective of this paper is to emphasize the importance of the link between corporate governance and risk management through the example of 'Telekom Srbija' Belgrade as an example of the company that through active risk management has improved processes and strategies as the most important areas of its operation.

A Relationship between Information Technology Implementation and Acquisition of Competitive Advantages in Banking in Croatia

Strong development of information technology corresponds to a growing corporate investment into this segment, especially in the field of financial services and telecommunications. This work aims to investigate whether these investments make sense, and do they contribute to the company success. This paper presents the results of qualitative research based on a field research and quantitative econometric analysis of the banking sector’s statistical data in the Republic of Croatia in order to determine relationship between information technology and electronic business implementation, and achievement of competitive advantage in the banking sector, operational costs reduction and business efficiency increase. In the theoretical part, this paper describes the role of information technology in business, development and strategic role of e-business, e-business models, and especially important, the business aspects of electronic commerce in the banking sector. Conclusion shows that there is a strong positive linear relationship between the application of ICT and achievement of a competitive advantage in the banking sector. Also, the cost per executed transaction is reduced, and there is a strong positive correlation between investments in e-business and business performance.

Multi criteria analysis with regards to selecting optimal absorbent supply option to Ugljevik thermal power plant

Concept of sustainable development implies an effective long-term development, both in developed and developing countries, and must be based on three pillars: environmental protection, economic development and social cohesion, both on the state and on a global level. This clear definition of sustainable development suggests a necessity of a combined action on environmental protection, economic development and the achievement of social cohesion. As a rule, by investing in environmental protection projects, power generation companies implement previously defined growth targets, development policies, and business strategies. Investment projects for the given coal type are considered as the capital ones, for they use great financial resources, significant resources and are long-lasting. The companies untertake investing in such projects to be affirmed in the new business environment, adapt to anticipated changes or to overcome the handicaps of their current position and thus adjust their production capabilities with the opportunities offered by the market. All the above implies that environmentally based capital project investments are the prerequisite of existence, sustainable growth and the acquisition of competitive advantages. However, investing in such projects is a very complex process comprised of multidimensional testing activities of all relevant determinants of future conditions and changes that the project entails. Bearing in mind that such projects are associated with the company's strategic development objectives, in the realization of such projects all the internal and external factors of development shall be taken into account, as well as a number of constraints arising from the socio-economic environment.

Trends in the use of modern technologies in companies in the Czech Republic

Modern Information Technologies are an integral part in the effective functioning of businesses and the acquisition of competitive advantage. Their use, however, vary extensively in different countries. The aim of this paper is to describe current trends in the field of modern technologies in the Czech Republic and to find out the attitude of businesses’ towards their use. The paper is therefore supplemented by case study analysing the use of selected technologies in small and medium-sized companies in the Hradec Kralove region. The methods used to achieve the objectives are: a literature review using modern technologies in enterprises, qualitative survey (namely case study) in the chosen region and hypothesis testing using Fisher’s exact test. The analysis shows that trends in modern technologies are the same at both global and national levels. However, they differ significantly in their deployment in the private sector. The situation in the Czech Republic is below average in relation to the other European Union countries.

Implementing technology roadmapping with supplier selection for semiconductor manufacturing companies

The rapid pace of technological innovation in the semiconductor manufacturing industry has necessitated the acquisition of competitive advantage from strategic technology planning. The vital requisite for this is well-timed investment including the replacement of old equipment with advanced new equipment. In such investment, selecting the appropriate semiconductor manufacturing equipment from the appropriate supplier is a key factor for successful technology planning. Therefore, equipment supplier selection should be taken into account in the technology planning of semiconductor manufacturing companies. One of the most widely used tools for technology planning is the technology roadmap (TRM). However, conventional TRMs have not considered the task of supplier selection. To address this limitation, this study proposes an extended, four-layered TRM that adds the layer of equipment supplier to the conventional layers of market, product, and technology. The equipment suppliers to be included in the new layer are selected from the supplier portfolio matrix composed of two performance axes: supplier performance and equipment performance. The candidates of equipment suppliers are placed on the supplier portfolio matrix according to the values of two axes determined by evaluation using the analytic hierarchy process (AHP). The proposed TRM is expected to be useful for technology planning by adding a consideration for equipment supplier selection in semiconductor manufacturing companies.

Effects of human resource staff ing strategies on organizationalperformance in catering industry

Catering industry used to emphasize the achievement of finance performance. Nevertheless, with the development of information, the competitive bases have changed from previous finance performance into intangible assets and leadership performance so that the promotion of human resource management in catering industry has become crucial. Human resource staff ing strategies, therefore, are regarded as the important factor for the acquisition of competitive advantages and the achievement of organizational performance Toaban House was chosen as the research subject because it is one of the brands in Wang Steak, which is a dining business and one of the largest restaurant groups in Taiwan. With random sampling, this study has questionnaires distributed and collected on-site. The samples were the customers who had been consuming in the restaurants, and the questionnaires were distributed in primary trading areas in Taipei. With convenient sampling, total 300 questionnaires were distributed with 216 eff ective ones and the response rate of 72%. The findings and conclusions are further discussed

Embedded ties and the acquisition of competitive advantage

PurposeDrawing on embeddedness theory, the purpose of this paper is to develop a comprehensive model that explains the incremental innovation process in the supplier‐manufacturer relationship.Design/methodology/approachUtilizing the partial least squared (PLS) technique, this study examines the incremental innovation process through the theoretical lens of the embeddedness perspective.FindingsThe overall picture emerging from this study indicates that establishing an embedded tie between a manufacturer and a primary supplier enables the creation of informal coordination mechanisms, including trust, joint problem‐solving, and commitment. These coordination mechanisms safeguard the transfer of knowledge and lead the partners to joint action. Such joint action provides an interactive forum for developing innovation capabilities that allow firms to enhance their incremental innovation performance.Research limitations/implicationsFrom an academic perspective, this study is the first to examine the innovation process theoretically through the embeddedness perspective.Practical implicationsThe evidence reported here is consistent with the finding that relational embeddedness plays a strong role in predicting better incremental innovation. In addition to engaging in their own trial‐and‐error experimentation to develop innovation capabilities, firms learn about innovation capabilities vicariously through embedded ties with primary exchange partners.Originality/valueIn essence, these results provide valuable insights for managers who wish to draw on knowledge from external sources in their innovation activities. Whereas previous studies have shown how a firm's incremental innovation is influenced by its internal resources, this paper illustrates that relational embeddedness also represents an important source of incremental innovation.

Evaluation of downstream integration in the US pharmaceutical industry

PurposeThis paper aims to review the vertical or quasi‐vertical integration that characterized the pharmaceutical industry in the mid‐1990s. The acquisitions and vertical partnerships that linked pharmacy benefits managers and drug manufacturers modified the structure of the market at that time. What were the motivations of those agreements? Did they induce any distortion on competition in the drug market? And why did they fail to achieve their desired strategic advantages?Design/methodology/approachThe paper uses established theoretical perspectives, such as the resource‐based view and the theory of contestable markets, as the basis for a descriptive analysis, documenting strategic decisions of vertical integration using supporting literature in marketing and strategy.FindingsVertical integration did not obtain the intended results (e.g. acquisition of competitive advantages). This perspective provides a framework to examine vertical integration strategies, applicable to other industries.Originality/valueThe paper reviews the objectives of vertical integration strategies of US drug firms in the 1990s and their hidden agendas.

Just‐in‐time as a competitive weapon: The significance of functional integration

The Just‐in‐Time (JIT) concept has often been considered a preserve of manufacturing and distribution. However, the philosophy has evolved to a strategic level where the concept can be applied throughout an organization. In particular, the cross‐functional integration of JIT in production, purchasing and marketing can provide continuous improvement and sustain a source of differential advantage for a firm. This paper explores this philosophy and presents research data to demonstrate that the functional integration needed to implement JIT can improve a company's efficiency, quality, flexibility and innovativeness. and lead potentially to the acquisition of competitive advantage and, perhaps, to world‐class status.