Answer to Question #169676 in Management for Teekay

Question

Understanding where the company is competitive requires developing quantitative strength ratings for the company and key rivals on each industry key success factor and each pivotal resource, capability, and value chain activity.

 

Select one:

a. contribute to competitive assets and discontinue distinctive competencies.

b. contribute to greater efficiency and lower costs and provide a basis for differentiation

c. reduce cost disadvantages and market price anomalies.

d. contribute expense savings and enhance product exclusivity.

e. contribute customer experience value and conserve operating functionality.

Answer 1

Answer is b. contribute to greater efficiency and lower costs and provide a basis for differentiation

It is a method of deciding which competitor in the marketplace has the greatest overall competitive advantage and which competitor has the smallest overall competitive disadvantage.

-Basically, it provide useful metrics of how a company compares to main competitors, factor by factor and capability by capability, showing whether the company has a net overall competitive advantage or disadvantage.