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  • Avoiding Failure Sustaining Competitive Advantage: - We Should Focus On Building Blocks Through

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    Aiswarya Johny RCBS
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    The document discusses how companies can avoid failure and sustain competitive advantage. It recommends that companies focus on efficiency, quality, innovation, and responsiveness to customers. Companies should also institute continuous improvement and learning, track best practices through benchmarking, and overcome inertia. The document notes that companies often fail due to inertia in adapting to changes, limitations from prior strategic commitments, becoming too specialized and inwardly focused after past success, and inability to adapt to rising and falling industries. Ultimately, companies can lose competitive advantage and profitability, hurting their ability to attract resources and see profit margins and invested capital shrink rapidly.

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    The document discusses how companies can avoid failure and sustain competitive advantage. It recommends that companies focus on efficiency, quality, innovation, and responsiveness to customers. Companies should also institute continuous improvement and learning, track best practices through benchmarking, and overcome inertia. The document notes that companies often fail due to inertia in adapting to changes, limitations from prior strategic commitments, becoming too specialized and inwardly focused after past success, and inability to adapt to rising and falling industries. Ultimately, companies can lose competitive advantage and profitability, hurting their ability to attract resources and see profit margins and invested capital shrink rapidly.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    8 views3 pages

    Avoiding Failure Sustaining Competitive Advantage: - We Should Focus On Building Blocks Through

    Uploaded by

    Aiswarya Johny RCBS
    The document discusses how companies can avoid failure and sustain competitive advantage. It recommends that companies focus on efficiency, quality, innovation, and responsiveness to customers. Companies should also institute continuous improvement and learning, track best practices through benchmarking, and overcome inertia. The document notes that companies often fail due to inertia in adapting to changes, limitations from prior strategic commitments, becoming too specialized and inwardly focused after past success, and inability to adapt to rising and falling industries. Ultimately, companies can lose competitive advantage and profitability, hurting their ability to attract resources and see profit margins and invested capital shrink rapidly.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Avoiding failure; Sustaining

    Competitive Advantage
    • We should focus on building blocks through
    -Efficiency -
    -Quality
    - Innovation
    -Responsiveness to customers
    • Institute continuous Improvement & Learning
    • Track best practice/Use benchmarking
    • Overcome inertia
    Why companies fail?
    • Due to inertia – It is the difficulty to adapt new strategies and
    structure to changing conditions
    • Prior strategic commitments- limit ability to imitate & cause
    competitive advantage
    • Icarus Paradox – so specialized / inner directed by past success lose
    sight of market realities
    • Rising / Falling industries – craftsmen, builders , pioneers,
    salespeople
    • Company lose competitive advantage – profitability
    • Loses ability to attract / generate resources
    • Profit margins invested capital shrink rapidly

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