Strategies For Competitive Advantage Research Articles

Machine Earning – Algorithmic Trading Strategies for Superior Growth, Outperformance and Competitive Advantage

In this paper we use the tools and frameworks from Oxford University’s postgraduate diploma in financial strategy to study the performance and benefits of algorithmic trading strategies (algos), and specifically those that use artificial intelligence (AI) and machine learning (ML).We discover using valuation theory from (SBS2, 2020) that algos generate superior returns compared to human discretionary trading both in normal market conditions and during large market drawdowns, such as during the coronavirus (COVID-19) pandemic. Furthermore applying financial strategy techniques from (SBS1, 2020) we find that algos could be combined with existing core competencies at my organization RUS1 to create a sustainable competitive advantage and give RUS an edge over its competitors.Finally considering M&A growth strategies from (SBS4, 2020) we conclude that for RUS algorithmic trading capabilities would be best acquired taking an organic approach as an inhouse build approach would be both cost-effective and allow for a more customized and bespoke integration. Even if only a fraction of the potential benefits are monetized, algo trading could have a significant positive impact on earnings, which in turn would allow for reinvestment to facilitate sustainable growth and maintain a sustainable competitive advantage.

Competitive Revenue Strategies in the Medical Consumables Industry: Evidence from Human Resources, Research and Development Expenses and Industry Life Cycle.

This study attempted to explore the competitive advantage strategies of the medical consumables industry (MCI) from the perspectives of human resources, research and development (R&D) and the industry life cycle. As one of the essential branches of modern medical device industry, the MCI has developed rapidly in recent years as global demand for medical consumables has shown continual growth, but it also faces market uncertainty. This study took Taiwan’s small/medium medical consumables enterprises (SMMCEs) as a sample, and used the translog revenue function to study the competitive advantage of the MCI through human resource and R&D investment strategies and the stage characteristics of the industry life cycle curve. The results showed that the various human resources and R&D expenses of the small/medium medical consumables industry (SMMCI) can interact with each other to influence total revenue and that the SMMCI needs more varied types of human resources to enhance its competitive advantage. The total revenue of the SMMCI decreased as education inputs rose, but it increased along with increases in the number of employee and R&D inputs. Observed from the life cycle curve of the SMMCI, total revenue increased rapidly during the startup and growth stages, increased slowly during the maturity stage, and decreased during the decline stage. Finally, we put forward competitive advantage strategies and management suggestions for medical consumables enterprises (MCEs). We are the first to document the life cycle curve and competitive advantage strategies of the MCI, thereby contributing to the related literature.

Virtual collaboration strategic planning process using balanced scorecard and critical success factors

The role of systems and information technology in the enterprise is to supporting operational business processes, decisions making process and implementing strategies for competitive advantage. The information system strategic planning processes required to align between business strategy and information system strategy. This research focuses on virtual collaboration that aims to harmonize business strategies and information systems strategies, especially in determining the implementation hierarchy of the proposed system up to the implementation roadmap. The method used to align business strategy and information system strategy is a combination of the balanced scorecard and critical success factors. The list of information system requirements generated continued as an implementation roadmap and then a multi-criteria decision support system with the fuzzy-ahp algorithm used to help the shortlist process. This result can be an alternative in the preparation of a collaborative implementation roadmap, taking into account the weighting of participants according to their respective perspectives. The next development of this research is building a complete virtual collaborative model in information systems strategic planning.

Mindfulness as a strategy for sustainable competitive advantage

This conceptual article explores how mindfulness can be successfully integrated in the strategy tool kit of organizations. The likely global reconstruction in the aftermath of COVID-19 can be effective if organizations reexamine their existing philosophies and business practices. Against this backdrop, mindfulness is a time-tested practice that has the potential to transcend all functions in a company’s value chain and to create a sustainable competitive advantage. This article uses a strategy lens to examine mindfulness in organizations, which has implications for researchers and practitioners. First, I discuss the theoretical frameworks of mindfulness, the performance improvements that individuals can expect from consistent practice, and how these improvements translate to organization-level performance. Next, I summarize the methods and tools for workplace application and the steps for implementing mindfulness strategies in organizations. Finally, I describe implementation challenges and offer assessment tools for mindfulness.

Resource-based view model implementation toward business competitiveness (Case study in mushroom SMEs in Malang, Indonesia)

Mushroom is one of the main commodities of agroindustry which experienced an increase in production due to the existence of consumer awareness to consume healthy products. The popularity causes the development of the mushroom processing industries in Malang. To improve the quality of products, mushroom SMEs need to further develop the company performance. Company performance can be achieved with an effective competitive advantage. Competitive advantage is a factor that a company should have in order to succeed in business. The fundamental source of competitive advantage is assets. This research use a Barney’s theory in determining strategic resources to achieve competitive competitiveness called Resource-Based View (RBV). The purpose of this research are to determine the influence of: (1) tangible assets on competitive advantage strategy, (2) intangible assets on competitive advantage strategy, (3) company capability on competitive advantage strategy, and (4) competitive advantage strategy on company performance. The exploration techniques utilised are quantitative and Partial Least Square (PLS). The results showed that the tangible assets and company capability have a strong influence and positively contribute to competitive advantage strategy, meanwhile intangible assets have a weak influence and negatively contribute to competitive advantage strategy, and competitive advantage strategy has a strong influence and positively contributes to company performance.

ОБҐРУНТУВАННЯ СТРАТЕГІЇ ПІДВИЩЕННЯ ПРИБУТКОВОСТІ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА У VUCA-СВІТІ

The purpose of the article is to substantiate the need to develop a new approach to the formation of enterprise strategy, which should take into account the characteristics of the modern world: variability, uncertainty, complexity and ambiguity, ie VUCA-conditions and propose the use of a new step-by-step approach. The relevance of this study is that the business environment is constantly changing and VUCA-world requires a rapid response and adaptability of the company's strategy to new conditions and global change. But most companies cannot quickly change their focus on business because they still follow traditional approaches to formulating and implementing strategy in the enterprise. The article is devoted to substantiation of the approach to formation of strategy of increase of profitability of activity of the enterprise in the conditions of VUCA-world. The article considers the phenomenon of "VUCA", highlights and describes the characteristics of the VUCA-world, which replaced the SPOD-world. This study presents and analyzes traditional approaches to strategy formation in the enterprise, reveals the shortcomings of traditional approaches to strategy formation and implementation in the world of VUCA. Particular attention is paid to justifying the need to use and develop a new approach to the formation and implementation of strategies to increase the profitability of the enterprise in the world of VUCA. The main content of the study is to propose the use of a new approach to the formation of an effective enterprise strategy in the world of VUCA. A basic model of enterprise strategy development was built. The article is devoted to the study and analysis of the main stages of strategy development and building a model of a step-by-step approach to strategy development in the world of VUCA. Attention is also paid to the proposed strategic directions and the latest tools for developing a strategy to increase the profitability of the enterprise in the world of VUCA, such as forecasting, road mapping and dynamic planning, which will help determine future event horizons and formation, competitive advantage strategy.

АНТИКРИХКІСТЬ ЯК НОВА СТРАТЕГІЯ ДОСЯГНЕННЯ КОНКУРЕНТНИХ ПЕРЕВАГ ПІДПРИЄМСТВА

The changes that have taken place in the world over the past two years have led to irreversible changes in the process of managing the competitiveness of the enterprise. The COVID-19 pandemic has caused a global economic downturn and the bankruptcy of many businesses. At the same time, the corona crisis affected not only small companies, but also large international brands. All this has necessitated a rethinking of the categories of «competitiveness» and «competitive advantage». This article analyzes the change in understanding of the essence of the category of "competitive advantage" under the influence of the global corona crisis and presents modern views on its interpretation by representatives of the business community. The survey involves 6 participants who are owners or directors of business. They needed to formulate their own definition of "competitive advantage", given the experience with the COVID-19 pandemic. Based on the survey, the need to find new, more effective strategies of competitive advantage that will meet today's requirements has been identified. Antifragility and its main characteristics have been studied as an actual competitive strategy that can meet the requirements. The interpretation of anti-fragility by Nasim Taleb, who is the author of this category, is considered. Based on the materials of Nasim Taleb, a form for assessing the antifragility of the enterprise is proposed. It provides an analysis of the enterprise on a set of parameters, which are marked with points from 0 to 10. Such an analysis will help companies determine the level of antifragility of the entity at the time of the study and promising areas for further enhancement of antifragility. As a result, practical recommendations for the implementation of antifragility strategy in the enterprise are given. Implementation of the antifragility strategy is a complex process that should cover all levels of the enterprise and all its structural units. These recommendations will help speed up and facilitate the implementation of the strategy. This article outlines only the basic points of the antifragility strategy, which in fact requires more in-depth theoretical and practical research, and forms the basis for further works.

The Impact of Innovation Competitive Advantage on Product Quality for Sustainable Growth among SMEs: An Empirical Analysis

Supported by the dynamic capabilities theory of the firm, this study considered innovation competitive advantage, product quality, and technology adoption as the core dynamic capabilities of manufacturing SMEs. The purpose of this study was to investigate the impact of two components of innovation competitive advantage, that is, customer preference and strategic business model, on product quality for sustainable growth among SMEs. It also examined the mediating effect of technology adoption on the relationship between innovation competitive advantage and product quality. Survey data was collected from 245 manufacturing SMEs in Nigeria and analysed using partial least squares structural equation modelling. The results revealed that customer preference does not directly affect product quality; however, technology adoption mediates the relationship between customer preference and product quality. The strategic business model was found to have a significant positive effect on product quality, Int. Journal of Business Science and Applied Management / Business-and-Management.org 40 and this relationship was mediated by technology adoption as well. This research recommends that manufacturing SME managers recognise that improving product quality through innovation competitive advantage strategies and technology adoption is advantageous for the sustainable growth of SMEs.

A Study on Supply Chain Risk Management Strategies During Covid-19

글로벌화와 정보통신기술의 발전으로 인해 효율적 글로벌 공급사슬관리는 기업의 경쟁우위전략에 핵심적인 요소이다. 그러나 공급사슬이 지리적·시간적으로 연장되고 복잡해지면서 공급사슬관리는 위험에 더욱 노출되고 있다. 최근 발생하는 코로나19는 공급망의 붕괴로 이어지며 전세계 경제에 엄청난 영향을 미치고 있으며, 이로 인해 위험관리에 대한 관심이 고조되고 있다. 본 연구는 최근 전세계적으로 확산되고 있는 코포나19를 포함한 각종 공급사슬위험요인이 공급사슬 참여자간의 관계적인 측면에서의 공급사슬전략에 미치는 영향을 분석하는 데 목적이 있다. 설문을 통한 분석결과 공급사슬위험요인(공급, 수요, 운영, 외부환경)이 협력적 위험관리전략에 유의한 영향을 미치는 것으로 나타났다. 이에 반해 공급사슬위험요인이 경쟁적 위험관리전략에 대한 영향은 운영요인을 제외하고는 유의한 영향을 미치지 않는 것으로 나타났다. 연구의 시사점은 공급사슬관리의 효과를 최대화하는 데 협업과 정보의 공유와 같은 상호간 연계성이 핵심적인 요소인 것과 마찬가지로 공급사슬위험관리에서도 상호 협력 관계가 중요하다는 점이다. 자사만의 이익을 우선시하면서 상호 경쟁적인 위험관리전략은 선호되지 않을 뿐만 아니라 제한적으로 실행된다는 것이다. 따라서 공급사슬관리의 위험을 경감하기 위해서는 공급사슬 참여자간의 파트너십, 협업, 정보공유 등을 촉진해 나가는 것이 필요하다고 할 수 있다.Due to globalization and advances in information and communication technology, efficient global supply chain management is a key element in a company s competitive advantage strategy. However, as supply chains expand geographically and become complex, supply chain management is more exposed to risks. The recent COVID-19 outbreak has led to the disruption of the supply chain and has a tremendous impact on the global economy, which has lead to more interest in risk management. This study aims to analyze the effects of various supply chain risk factors, including Covid 19, which are spreading around the world recently, on the supply chain strategies in terms of the relationship between supply chain participants. As a result of analysis through the questionnaire, it was found that the supply chain risk factors(supply, demand, operation, external environment) had a significant influence on the cooperative risk management strategy. On the other hand, it was found that the effect of supply chain risk factors on the competitive risk management strategy did not have a significant effect except for operational factors. The implications of this study are that, just as cooperation and information sharing are key factors in maximizing the effect of supply chain management, mutual cooperation is important in supply chain risk management. The risk management strategy, which is mutually competitive and independent while considering its own interests, is not preferred and limited in implementation. Therefore, in order to reduce the risk of supply chain management, this study suggests that it is necessary to promote partnership, collaboration, and information sharing among supply chain participants.

Imitation or innovation: To what extent do exploitative learning and exploratory learning foster imitation strategy and innovation strategy for sustained competitive advantage?✰

Using the theory of organizational learning and innovation, this study explores the positive effects of exploitative and exploratory learning on imitation strategy and innovation strategy and shows when these effects are strongest. This study also explores the positive effects of imitation strategy and innovation strategy on sustained competitive advantage and shows when these effects are strongest. The proposed theoretical model was tested on a cross-sectional data sample collected from industrial companies in South Korea. Analysis was conducted through component-based partial least squares (PLS) path modeling methodology. The results support the proposed hypotheses. The results confirm the complementary positive effects of exploitative and exploratory learning on both imitation strategy and innovation strategy. These effects in turn promote the achievement of sustained competitive advantages. Finally, the findings of the study, theoretical contributions, managerial contributions, limitations, and further work are discussed.

Pengaruh inovasi Produk, Keunggulan Bersaing, dan Strategi Pemasaran Terhadap Kinerja Pemasaran

Product innovation, competitive advantage and marketing strategy are indicators to measure the success and success of managing a business. Because product innovation and product excellence are variables that are believed to be able to improve marketing performance, especially for micro, small and medium enterprises (UMKM). The purpose of this study was to directly test the variables of product innovation, competitive advantage and marketing strategy on marketing performance. To consumers. The number of samples included in this study was 82 and PLS3 was used as an analysis tool. The results showed that the effect of product innovation, competitive advantage, and marketing strategy had a positive effect on marketing performance.

Organisational Strategies for Competitive Advantage in the Construction Industry: Chinese Dominance in Southern Africa

Chinese enterprises are presently dominating various sectors of businesses abroad, offering a wide range of low to high-end quality products and services. The construction sector in Africa is now being dominated by Chinese multinational contractor companies, who find in Africa their next preferable market to grow. The available literature on the field has serious gaps in explaining which organisational strategies increase the competitive advantage and the market dominance of Chinese multinational contractors, especially in the Southern African region. This research aims to uncover the organisational strategies, implemented by Chinese multinational contractors operating in the Southern African region, who have paved the way and consolidated their success in the region. Through a mixed methods process, qualitative and quantitative data are obtained. The construction markets of the Southern African region are analysed (environmental analysis) and the main multinational Chinese contractors are identified, through a literature review and organisational analysis. Several organisational strategies are shortlisted and, finally, through an online questionnaire, the opinions of the participants to rank the organisational strategies previously identified in terms of contribution to the actual success, copying capability, etc., are carried out. The findings revealed that the capability to offer a lower price for construction services, the easy access to loans and funds from the organisation's home government and the capability to trade debt for local resources, such as wood, land and minerals are the organisational strategies that mostly contributed to the recent Chinese contractor dominance in the Southern African construction market.

Strategi Keunggulan Bersaing Melalui Orientasi Pasar dan Inovasi Produk Kartu E-Money untuk Peningkatan Kinerja Pemasaran

This study discusses the Competitive Advantage Strategy through Market Orientation and Innovation of E-Money Card Products at Bank Mandiri Jakarta Head Office for Improving Marketing Performance. The sample used in this study were students using Bank Mandiri e-money products located in the Perbanas Institute Jakarta academic community. The sampling technique used in this study was the purposive sampling method. Methods of collecting data using a questionnaire with a Likert scale 1-10. Data analysis techniques were using the Structural Equation Modeling (SEM) AMOS program version 21.0. The results showed that the Market Orientation on competitive advantage and marketing performance did not positively affect. For product innovation variables have a significant positive effect on competitive advantage. However, product innovation variables do not have a significant positive effect on marketing performance. Then competitive advantage has a significant positive effect on the performance of marketing of Bank Mandiri e-money products.

Strategi Keunggulan Kompetitif Terhadap Kinerja Industri Kreatif Bordir Tasikmalaya

Creative industries through Small and Medium Enterprises (SMEs) Embroidery is the industry with the most business units in Tasikmalaya City. The majority of these make management have to do a competitive advantage to gain market share. Competitive advantage strategies can be done with differentiation and cost leadership or low cost. Differentiation strategies emphasize innovation and cost leadership emphasizes proactive management. The competitive advantage strategy is back on the performance of SME management. Research uses quantitative through verifiative descriptive methods. Research object on the population of embroidery business units registered in the Ministry of Peridustrian and Perdaganan (Disperindag) Tasikmalaya City. Sample techniques use rondom sampling through questionnaires. Analysis techniques use multiple linear regressions with the help of SPSS 20. The results showed that the competitive advantage of differentiation had a significant positive effect on the creative industry performance of Tasikmalaya Embroidery SMEs. Cost leadership's competitive advantage strategy also has a positive effect on the creative industry performance of Tasikmalaya Embroidery SMEs.

ANALYSIS OF THE IMPLEMENTATION OF PRICE STRATEGIES AND PRODUCTS DIFERENTIATION IN COMPETITIVE ADVANTAGES (Case Study in Sekolah Alam Purwakarta)

The purpose of this research are to know the price strategies of competitive advantaes that is adopted at the Sekolah Alam Purwakarta and how Sekolah Alam Purwakarta presents products differentiation in provding education that is conceptualized according to student needs. The approach of this research uses a qualitative approach. Which is a descriptive study and tends to use analysis with an inductive approach. The competitive advantage strategies applied for educational institutions through the Sekolah Alam Purwakarta pricing strategy involves various parties from Yasasan, Schools, and Parents, and has a pricing policy that is in accordance with government policy, a pricing channel that involves committees as parents' representatives , a clear factor so that price changes can be accounted for, as well as obstacles that have a solution. The second adventage are presenting product differentiation in the form of typical programs. That are morning activity, outbond, home visit, bussines day, fun advanture (camping/ tracking), farming, cooking spesial events, experiments, aquaplays, educational visits, lunches, midday prayers, suttle using companion teacher, trash bank, interships, and backpackers.

Covid-19 Pandemic: What are the Challenges and Opportunities for e-Leadership?

COVID-19 pandemic has surprised many organizations, this condition has an impact on changing the work culture of organizations. The role of information technology has proven to be the chosen solution for maintaining organizational performance. The main objective of this study is to explore the challenges and opportunities for e-leadership. The main focus of the study is directed at educational organizations and small and medium enterprises in Indonesia. A qualitative approach is used to interview informants scattered in several regions in Indonesia by information technology mediation. An important finding in this paper is that many organizations are not ready to face this condition so that the role of e-leadership is very effective for organizations to maintain the organizations performance and leaders can change their leadership style through social learning and overcome the challenges they must face to become e-leader. In addition, we also find that female leaders tend to be superior to men as e-leader, especially in terms of information technology skills and the use of social media. This paper concludes that e-leadership can be created by leaders who can overcome challenges and seize opportunities to build competitive advantage strategies.

The methodological aspects of strategic management analytical support

Enterprises competitive advantages achievement is possible only on condition of constant research of the external environment tendencies, and taking them into account in the enterprise economic policy construction and adjustment. Enterprise strategic development management is made possible by the analytical information use that is relevant for obtaining competitive advantages. The methodological apparatus that determines the analytical support criteria for managing competitive strategies is currently not sufficiently aligned with the management entities information requests, and therefore needs to be improved. Their features and possibilities of effective use for the enterprises on which the strategic management system operates are determined. The strategic analysis principles have been harmonized with the methods and models used to inform the management of competition strategies. It is proved that the development and implementation of a qualitative competitive strategy in a market economy is possible provided the use of methodologically sound analytical tools. It has been established that the most extensive analytical support is needed for differentiation and cost minimization strategies. It is determined that the drawback of the competition strategy at the present time is the minimum analytical service. Possibilities of benchmarking and VEM model for qualitative development and informational support of cost minimization, differentiation, focusing, time competition strategies have been identified. The relationship between the analytical methods and the information needs of the entities managing the strategies for competitive advantage is identified. The directions of further scientific search are formulated.

The Role of Market Orientation and Creativity in Affecting the Marketing Performance of Market Traders in Aceh Market Banda Aceh City

This study aims to analyze the effect of market orientation and creativity on marketing performance in apparel traders in the Aceh Market in Banda Aceh City. The research sample of 96 respondents with accidental sampling sampling technique. Data collection techniques used were observation and questionnaires. The data analysis technique used multiple linear regression analysis and was treated with the help of SPSS software version 22.0. The results showed that partially market orientation and creativity variables influenced marketing performance. While the creativity variable has no effect. This means that the higher the market orientation will improve marketing performance. Simultaneously market orientation and creativity play a role in marketing performance improvement. To improve marketing performance in Aceh market traders, traders are required to be more creative in marketing their merchandise. The recommendations for further research are expected to be able to add variables such as innovation, competitive advantage, and marketing strategies.

Strategy for increasing green economic performance of small and medium enterprises based on green business management

Green management behavioral is quite pertinent to enhance small and medium enterprises economic green performance. Micro, small and medium enterprises (MSMEs) need to adopt environmental paradigms in order to reach the economic green performance. The purpose of this study was to examine relationships between green management and competitive advantage strategies for increasing green economic performance MSMEs in Central Java Province. The population of this study was MSMEs in Central Java. This study was quantitative analysis. The analytical tool in this study used Structural Equation Modeling (SEM) with warp PLS program applications. The results showed that MSMEs that implement green management in their business operations can improve company performance through the ability to compete with these MSMEs. MSMEs could be implementing Green management activities by producing environmentally friendly products, campaigning for environmentally friendly movements, investing capital in environmentally friendly businesses and allocating costs for waste treatment, implementing quality standards that are environmentally friendly in the production process. The better MSMEs in implementing green management, the better MSMEs in competing in the industry, which will improve the company’s green performance such as getting financial benefits from managing environmentally friendly businesses, getting bonuses in the form of prizes from private/government institutions for implementing environmentally friendly businesses, get bonuses in the form of tax rate relief from the government, get bonuses in the form of soft loans from private/government institutions as well as increased sales of MSME products due to applying environmentally friendly businesses. Thus, the application of environmentally sound business management (green business management) needs to be developed among MSMEs players. This is because MSMEs can not only increase additional income, but MSMEs can also participate in preserving the environment.

Understanding ethical/unethical behavior in pharmaceutical companies: a literature review

PurposeThe purpose of this paper is to examine and review the available literature on ethical/unethical behaviour of pharmaceutical companies and to determine the ethical issues, unethical behaviour by analysing, summarising and categorising the factors related to these issues and unethical behaviour as were studied during the period 2008-2017. Essentially, this paper presents a critical analysis of the available literature on the subject and avenues for future research.Design/methodology/approachThis paper adopted the systematic review approach to achieve the purpose of this study and examines the most relevant literature from online existing database sources, available between 2008-2017 by using the keyword search method. Then studies are categorised and summarised, using previously developed theories and frameworks, which have provided evidence to the universal consensus that ethical behavioural outcomes are dependent on the interplay of individual, organisational and environmental factors and have reordered to fulfil the purpose.FindingsThe findings identify that ethical issues related to pharmaceutical companies as were studied during the period 2008-2017 are drug pricing, drug safety and gift-giving. The organisational variables appeared to be the dominant cause of these ethical issues and unethical practices along with other determinants such as environmental and stakeholders. A large number of studies were in the western country context. Theoretical research has studied more comparatively empirical studies.Research limitations/implicationsThis review provides insights for understanding the ethical issues, unethical behaviour and determinants related to these issues of pharmaceutical companies and provides insights where the literature is standing. This review only includes studies between 2008-2017, which are related to the ethical issue of pharmaceutical companies, therefore, the view is only of the past 10 years papers. This review provides gaps and insight into the source of ideas for future research and will help the researchers in guiding ethics-related information in the context of pharmaceutical companies.Practical implicationsThis study will help the practitioners and policymakers in informing about the issues that required the urgent need to solve and will shed some light to focus and formulate strategies for successful competitive advantage. This study will help researchers who are seeking information related to ethics and ethical behaviour in pharmaceutical companies.Originality/valueTo the best of my knowledge, this review of understanding ethical/unethical behaviour in pharmaceutical companies of the past 10 years between 2008-2017 has not been done to date. This study is filling the gap by bringing all the information about ethics in pharmaceutical companies at one place, which works as an index of ethics-related study in this specific pharmaceutical company context.