Now I want to explain the competitive advantage is usually temporary, which I understand is, to survive and thrive an organization must create a competitive advantage and is divided into two, namely: _
1) Competitive advantage
2) First-mover advantage
This is what can we discuss about:
by example
Wood-Based Furniture Industry.
Buyer Power Low since the choices among customer are few.
Supplier Power High since the supplier have to produce new product.
Substitute Product High since the substitue for wood are many like feather, etc.
Market Entrance High since the supplier have to supply new substitute product.
Competitors High since the supplier have to compete each other in order to supply.
Buyer Power Low since the choices among customer are few.
Supplier Power High since the supplier have to produce new product.
Substitute Product High since the substitue for wood are many like feather, etc.
Market Entrance High since the supplier have to supply new substitute product.
Competitors High since the supplier have to compete each other in order to supply.
In order to create business focus, an organization must follow the generic strategy which are
Competitive advantage help business drive further in industry.
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