Competitive Advantage Exercise (4 Marks) comany name is h&m In this exercise pick one avenue your company is using to di

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Competitive Advantage Exercise (4 Marks) comany name is h&m In this exercise pick one avenue your company is using to di

Post by answerhappygod »

Competitive Advantage Exercise (4 Marks)
comany name is h&m
In this exercise pick one avenue your company is using todifferentiate itself from its competitors. Explain in detail howyour company’s differentiation is a unique strength and thereforegains an advantage over its competitor’s by offering theirconsumers greater value.
Examples of ways to differentiate are:
Through product differentiation - differentiate on features,performance, style, design, etc...
Through service differentiation - differentiate on speed,convenience, care, etc..
Through channel differentiation - differentiate on channel'scoverage, expertise, performance, etc...
Through people differentiation - differentiate on firm's peopleor employees (friendly, helpful, better trained, etc...)
Through image differentiation - differentiate on company's brandimage (including reputation and history)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply