scholarly journals Porter’s generic strategies for competitive advantage: how they work in selected asian economies

2021 ◽  
Vol 7 (3D) ◽  
pp. 282-289
Author(s):  
Oyisi Okatahi ◽  
Chijioke Nwachukwu ◽  
Vu Hieu Minh ◽  
Ikenna Odiakosa
Keyword(s):  
Gross Domestic Product ◽  
Competitive Advantage ◽  
Foreign Exchange ◽  
Domestic Product ◽  
Asian Countries ◽  
Competitive Edge ◽  
Strategic Plans ◽  
Price Wars ◽  
Generic Strategies ◽  
Porter's Generic Strategies

Porter’s generic strategies are important for organizations to gain a competitive edge in their respective market. This is especially true for companies in Asia, the world’s largest continental economy in terms of gross domestic product (GDP) which is also characterized by foreign exchange restrictions, anti-trust laws, and price wars. This paper focuses on the literature on Porter’s generic strategies within the contexts of the three biggest Asian countries (China, Japan, and India). Our review highlights the generic strategies pursued by multinationals in Asia and factors to consider when executing strategic plans in business expansion to the region.

scholarly journals Performance of Foreign Exchange Operation of Private Commercial Banks: A Case on Southeast Bank Limited

2017 ◽  
pp. 76-82
Keyword(s):  
Competitive Advantage ◽  
Foreign Exchange ◽  
Financial Services ◽  
Commercial Banks ◽  
Banking Sector ◽  
Daily Basis ◽  
Service Improvement ◽  
Exchange Performance ◽  
Strategic Plans ◽  
Exchange Operation

The banking sector is participating in many events on a daily basis. Conversely, the process of banking is become faster, simpler, and more universal all at the same time. They're constantly coming up with various ideas and products to meet customer demand. Banks and other financial services organizations all search for service improvement opportunities in order to gain a competitive advantage in the financial sector. As a result, every person has a banking procedure they should know about. In accordance with their goal, Southeast Bank Limited believes in building together towards tomorrow. To accomplish the goal of getting more customers, the bank demonstrates excellence in all stages while also fostering continual development. With this fast changing competitive climate, banks' strategic plans and networking will help them keep pace with the competition. The overall objective of this research had represented the foreign exchange performance of import, export and foreign remittance of Southeast Bank Limited. This paper examined about import, export and remittance performances have been analyzed and find out some problems relating to foreign exchange activities. Finally this research finished with some possible recommendation and concluding remark of the study.

PORTER'S GENERIC STRATEGIES AND FIRM PERFORMANCE IN PETROLEUM MARKETING COMPANIES: A CASE STUDY OF VIVO ENERGY, NAIROBI, KENYA

2021 ◽  
pp. 98-112
Author(s):  
Novah Omboga ◽  
Paul Machoka
Keyword(s):  
Firm Performance ◽  
Competitive Advantage ◽  
Cost Leadership ◽  
Leadership Strategy ◽  
Focus Strategy ◽  
Generic Strategies ◽  
The Relationship ◽  
Porter's Generic Strategies ◽  
Cost Leadership Strategy

ABSTRACT The main objective of the study was to establish the influence of Porter's generic strategies and firm performance in petroleum marketing companies using Vivo Energy Limited as a case study. The business environment in emerging economies has witnessed intense competition among firms. Petroleum marketing companies in Kenya have had to face such conditions in a competitive environment prompting the firms to develop strategies that match their capabilities to market demands. The specific objectives of the study were: to examine how leadership cost strategy and; focus strategy affect the firm performance of Vivo Energy Limited. The study was premised on the; resource-based view, competitive advantage and contingency theories. This study adopted a descriptive research design. The target population was 237 employees at Vivo Energy Limited. Stratified proportion sampling was used to obtain a sample of 108 respondents. Questionnaires were used for data collection. Data was analyzed using descriptive and inferential statistics to determine the relationship between the study variables. Pearson correlation analysis was carried out to establish the relationship between dependent and independent variables. The analysis of variance (ANOVA) was checked to reveal the overall model significance. The study established that there was a positive relationship between the cost leadership strategy and firm performance. Analysis also revealed that focus strategy had a substantial positive correlation, establishing that focus strategy and firm performance are fundamentally related, and that the variation in firm performance can be explained by a unit change in focus strategy. The study recommended that the management of Vivo Energy Limited should adopt cost leadership strategy that is focused on gaining competitive advantage byselling their products at average prices to earn higher profits than competitors in the sector or below the average industry prices to gain market share. It also recommends that Vivo Energy should consider employing focus strategies that are concentrated on narrow segment aimed at achieving cost advantage or differentiation. Keyword: Cost leadership, Firm Performance, Focus strategy, Generic Strategies

scholarly journals CAUSALITY BETWEEN GROSS DOMESTIC PRODUCT, EXPORTS, IMPORTS, FOREIGN EXCHANGE RESERVES, AND FOREIGN DEBT IN INDONESIA

2020 ◽  
Vol 5 (2) ◽  
pp. 107
Author(s):  
Adya Utami Syukri
Keyword(s):  
Gross Domestic Product ◽  
Granger Causality ◽  
Foreign Exchange ◽  
Positive Response ◽  
Foreign Debt ◽  
Domestic Product ◽  
Test Results ◽  
Foreign Exchange Reserves ◽  
Integration Test ◽  
Adf Test

This research aims to determine the relationship between gross domestic product, exports, imports, foreign exchange reserves, and foreign debt in Indonesia from 1978 – 2018. As a developed country, Indonesia must know the interrelatedness between the GDP and the variable in the international balance of payment to move the economy well. This research using the Vector Autoregression (VAR) method that includes ADF Test, Granger Causality, Johanssen Co-integration, Vector Error Correction Model (VECM), and forecasting with Impulse Response Function (IRF) and Variance Decomposition (VD). From the Granger causality test results that have been carried out among the five variables, it is concluded that there is no causality relationship, but there are six one-way relationships. Simultaneously, the cointegration test from the Johanssen Co-Integration test results in the five variables tested. Forecasting for the next ten years through the IRF and VD tests shows that GDP positively responds to foreign debt and exports. Exports provide a positive response to GDP and imports. Imports give a positive response to exports, GDP, and foreign exchange reserves. At the same time, foreign debt gives a positive reaction to GDP and imports. Then foreign exchange reserves provide a positive response to exports and foreign debt. The government needs to allocate funds from foreign debt to the export sectors to increase GDP. Keywords: Causality, VECM, Gross Domestic Product, Exports, Foreign Debt Java IndustryJEL Classification: F14,  F41, C01

scholarly journals Analysis of Determinants of Development Imports in Indonesia

2021 ◽  
Vol 4 (2) ◽  
pp. 2031-2042
Author(s):  
Malem Ateta Br. Purba ◽  
Muhammad Fitri Rahmadana ◽  
Fitrawaty Fitrawaty
Keyword(s):  
Gross Domestic Product ◽  
Foreign Exchange ◽  
Domestic Product ◽  
Foreign Exchange Reserves ◽  
Correction Model ◽  
Foreign Products ◽  
The People ◽  
Long Run ◽  
The Government ◽  
Domestic Products

Indonesia is known as a developing country which industrial production has not been sustainable to the local demand. This is reflected in Indonesia's dependence on other countries in terms of consumer goods, raw and auxiliary materials as well as capital goods. Indonesia carries out import activities because most domestic products have not been able to compete with foreign products, and there is a sense of grandeur for the people when they are able to buy goods from abroad. The purpose of this study is to analyze the effect of gross domestic product (GDP), foreign exchange reserves, exchange rates and inflation on imports in Indonesia in 2000 - 2019. The method of analysis in this study uses the Error Correction Model (ECM). The estimation results show that in the short term, the variable gross domestic product (GDP), foreign exchange reserves and inflation have a positive and significant effect on imports in Indonesia, while in the long run, all variables have a significant and significant effect on imports in Indonesia. In this case, the support of the government and producers by providing good quality production will greatly assist in the development of the domestic industry, so that the Indonesian people turn to domestic products again.

scholarly journals Energy Consumption in Agriculture Sector, environmental cleanliness and Economic Growth: An Empirical Evidence of South Asian Countries

2019 ◽  
Vol 5 (3) ◽  
Author(s):  
Muhammad Zia Ullah Khan ◽  
Muhammad Khyzer Bin Dost ◽  
Muhammad Wasim Akram ◽  
Pirzada Sami Ullah Sabri
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Granger Causality ◽  
South Asian ◽  
Agricultural Sector ◽  
Domestic Product ◽  
Asian Countries ◽  
Agriculture Sector ◽  
The Impact

This study plays its role in the literature by investigating the impact of energy consumption on agriculture sector, and environmental cleanliness on Gross Domestic Product, in five South Asian countries from the period of 1990 to 2015. Energy is now becoming a challenge for the South Asian countries especially country like Pakistan. Developing countries are in a race to gather more and more resource for the production of energy. The main objective of research is to examine the short-run and long-run relationship between economic growth and energy consumption on agriculture sector of economy in South Asian countries. Granger causality test and Error correction model is employed to get the results. The empirical results showed the presence of co-integration among the variables and it indicates gross domestic product has a positive relationship with energy consumption in agriculture sector and environmental cleanliness. Granger causality results showed that unidirectional causality is present between gross domestic product and agricultural sector while no causality is present among environment cleanliness.

The Low Cost, Differentiation, and Focus/niche Strategies of American, Japanese, and British Companies Operation in the United States: A Comparative Study

2003 ◽  
Vol 4 (1) ◽  
pp. 43-83
Author(s):  
Abhay Shah ◽  
Charles Zeis ◽  
Hailu Regassa ◽  
Ahmad Ahmadian
Keyword(s):  
United States ◽  
Comparative Study ◽  
Competitive Advantage ◽  
Low Cost ◽  
The United States ◽  
Generic Strategies ◽  
Porter's Generic Strategies

This paper reports the findings of a study that investigates the differences between Japanese, British and American companies (that are operating in the United States) in how they use Porter’s generic strategies of low cost, differentiation, and focus/niche. Specifically, the study addresses the following issues: (1) What constitutes the three different generic strategies of low cost, differentiation and focus/niche? (2) Do American, Japanese, and British companies use different generic strategies in order to gain competitive advantage?

Achieving Competitive Advantage through Innovation

2012 ◽  
pp. 77-94
Author(s):  
Wei Song
Keyword(s):  
Competitive Advantage ◽  
Qualitative Approach ◽  
Retail Sector ◽  
Future Studies ◽  
Resource Advantage Theory ◽  
Managerial Implications ◽  
Generic Strategies ◽  
Porter's Generic Strategies ◽  
Depth Interviews ◽  
Resource Advantage

Innovation in the service/retail sector has not been fully examined in the non-Western literature. This preliminary work presents a study that was conducted in Shanghai, China. Three sets of the literature are consulted: Porter’s Generic Strategies Model, Hunt’s Resource Advantage Theory (R-A), and previous studies in the service and retail sectors. Findings developed from six selected successful Chinese supermarket companies have identified three types of innovation adopted by Chinese retailers: Technology based, non-technology based, and resource based innovation. The study takes a qualitative approach by using the methods of documentation survey and in-depth interviews with a panel of ten supermarket experts. Some managerial implications are explicated, and the limitations of the study and directions for future studies are discussed.

scholarly journals Macroeconomic Determinants of Auto Sales in ASEAN: An Empirical Study in Five Major ASEAN Countries

2020 ◽  
Vol 8 (2) ◽  
pp. 95-110
Author(s):  
Suwinto Johan
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Foreign Exchange ◽  
Foreign Exchange Rate ◽  
Gdp Per Capita ◽  
Domestic Product ◽  
Car Sales ◽  
Per Capita ◽  
Asean Countries

This research examines the determinants of car sales in ASEAN countries. The research concentrates on five macroeconomic variables (consumer price index, gross domestic product (GDP) per capita, changes in gross domestic product per capita, foreign exchange rate, and interest rate). The total sample is 12 years of automobile sales in five ASEAN countries from 2005 – 2016. The five ASEAN countries are Indonesia, Thailand, Malaysia, Singapore, and Vietnam. This paper used the multilinear regression method with Statistical Package for the Social Sciences (SPSS) software to test the research model. For interest-rate variables, we used a lag of one year. The empirical results show that the previous period for inflation, gross domestic product per capita, interest rate, and the foreign exchange rate significantly influenced on car sales in five ASEAN countries. The growth of GDP per capita does not influence car sales.

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