Competitve Advantage

In: Business and Management

Submitted By paulneuman
Words 1097
Pages 5
Competitive Advantages Paper
MGT/498

Competitive Advantages Paper
In today’s global economy, more and more companies are finding it difficult to grow their business domestically. As domestic opportunities decrease, more and more organizations are finding themselves looking for opportunities in the global market searching for ways to gain a competitive advantage. In this paper, team A will analyze the competitive advantage Riordan Manufacturing, Incorporated (Riordan) has in common with other companies, and estimate which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market. We will also explain why we chose these competitive strategies and estimate how they might affect sustainability of long-term organizational performance. Finally, we will explain how the global market would affect the business strategy of Riordan.
Competitive Advantage Strategies The three competitive strategies that Riordan can capitalize on to improve innovation and sustainability of business operations are research and development, purchasing, and logistics. Riordan us an industry leader in the field of polymer materials solutions and polymer materials research and development and patent licensing. The company should explore strategic advantages through its research and development functions as well as through its Operations Excellence model. Riordan employs detailed process systems and standards to ensure operational excellence across all departments through the use of the key systems like Six Sigma.
Another strategic opportunity is in purchasing. Riordan should leverage its buying power to find vendors that provide raw materials from recycled or renewable sources. The advantage in this approach is less volatility in supply expenses from fluctuating commodity prices, as…...

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