Innovation With Competitive Risk

Author(s):  
Hergovind Singh

This is the dawn of an innovation and knowledge-driven economy, and the volatile business environment is forcing the industries to undergo a paradigm shift. This is causing volatility of business parameters from value creation to value maximization through reduction of value loss., instead of merely focusing on the value creation. This value maximization gels with quality, binding the end outcomes of enterprise, and quality of these end outcomes cumulatively shows the dependability towards the various inputs like man, money, material, machine, and information to innovate and re-innovate and measure continuously. Without saturation and to create value continuously in circular motion for spiral growth in circular economy all dimensions needs to be innovative to gain sustainable competitive advantage (SCA). The chapter is a study of concepts and models to impel the SCA. It analyzes innovation as a measure driver for SCA with various types of risk associated with it in the context of the circular economy.

2011 ◽  
Vol 22 (3) ◽  
Author(s):  
Terry R. Adler ◽  
Gabriel D. Isaacs ◽  
Robert L. Steiner

<p class="MsoNormal" style="text-align: justify; margin: 0in 34.2pt 0pt 0.5in;"><span style="font-size: x-small;"><span style="font-family: Times New Roman;"><span style="mso-bidi-font-size: 10.0pt; mso-bidi-font-weight: bold;">Organizations that successfully outsource may see better value-creation in creating a sustainable competitive advantage.<span style="mso-spacerun: yes;">&nbsp; </span>The objectives of this study were threefold:<span style="mso-spacerun: yes;">&nbsp; </span>a) provide a framework for studying the effects of perceived distrust that leads to dominance, b) analyze how opportunism parlays into the concept of dominance, and c) determine if the relationship between outsource partners varies by analyzing transaction characteristics.<span style="mso-spacerun: yes;">&nbsp; </span></span><span style="mso-bidi-font-size: 10.0pt;">Our research shows that firms should take caution to fully understand the effects that contract size has on a firm&rsquo;s resources.<span style="mso-spacerun: yes;">&nbsp; </span><span style="mso-bidi-font-weight: bold;"></span></span></span></span></p>


2010 ◽  
Vol 41 (1) ◽  
pp. 25-36
Author(s):  
L. Le Roux ◽  
H. Oosthuizen

In a business environment of continuous change and in light of a defined need to fast track skills improvement and development in South Africa and Africa, training strategies and practices are under increasing pressure to develop a more productive and skilled workforce. Demands on training and the practices it employs increasingly focus on the alignment with strategic imperatives of organisations and the country.This research presented an instructional design (ID) model positioned in intersection between the positioning-based and resource-based theories and used a multi-disciplinary approach to extend the literature on ID models with the aim to offer measurable improvements in job-specific knowledge and productive behaviour as proxies for sustainable competitive advantage. The research confirmed the contribution of the ID model in this regard and described and substantiated the pivotal link between training and ID models and the application thereof in practice to aid organisations and, by extension, countries, in the achievement and sustainability of competitive advantage. This, the first of two articles, presents not only the theoretical and practical context of the research, but also the development of a revised and advanced ID model. In the second article the ID model will be subjected to empirical investigation and evaluated through the application thereof in a case organisation and a grounded conclusion provided.This is the first in a series of two articles.


Author(s):  
Ivan Arana-Solares ◽  
Jose Machuca ◽  
Rafaela Alfalla-Luque

In the rapidly changing global business environment, it can be seen that supply chain designs based solely on efficiency and speed do not necessarily lead to a sustainable competitive advantage. According to Lee (2004), this can only be done if supply chains are designed to incorporate the Triple A: Agility, Adaptability and Alignment. Although Lee provided some examples, to date his claim has not been empirically tested, which is essential. A number of studies have looked at the three component parts of the Triple A separately, but as yet no studies have focused on all three Triple A components concurrently, or on the impact they have on business performance. The main aim of this chapter is to determine the dimensions and factors that characterize these variables, in order to empirically test the accuracy of Lee’s claim.


2017 ◽  
Vol 4 (4) ◽  
pp. 275-283
Author(s):  
Dinesh Raj Pant ◽  
Opas Piansoongnern

The debate in the field of Corporate Social Responsibility (CSR) in achieving Sustainable Competitive Advantage (SCA) was ongoing from the beginning of the twenty first century. The role of stakeholders and CSR in achieving sustainable business has increased in recent years. The purpose of this qualitative study was to achieve deeper understanding about the CSR initiative that may contribute to achieve SCA for the company. A single case study with three unit of analysis was used to achieve a deeper understanding on how CSR in planned, aligned and implemented in the noodle companies in Nepal and how those initiative may contribute to the company in the form of SCA and to community in the form of societal development.The stakeholder theory was used as theoretical framework with semi structured interview as data collection method. For the data collection purpose, two groups of stakeholders were interviewed. The first group was internal stakeholders including managerial level employees and second group consisted of external stakeholders including suppliers, customers, local community members and environmental activist. The findings of the study clearly indicated that, the strategic approach to CSR contributes to company in the form of SCA and helps in fulfilling the expectations of the local communities. The findings indicated that, stakeholder management is a key tool in today’s business environment and strategic CSR initiatives contributes in sustainable business and mutual cooperation between company and stakeholders.Int. J. Soc. Sc. Manage. Vol. 4, Issue-4: 275-283


Author(s):  
Karim Moustaghfir ◽  
Giovanni Schiuma

Today’s business landscape is increasingly complex and turbulent, forcing firms to develop their capabilities in order to be able to face macro-forces such as globalization, hyper-competition, reduced product cycles and continuous innovation. In such a competitive scenario, firms have to identify and manage the crucial resources and sources for competitive advantage. The management literature has identified knowledge assets as critical drivers of performance and value creation. However, the understanding of how these strategic resources contribute to shape the organisational value creation dynamics still remains a concern to be fully disclosed. Especially the dynamic nature of knowledge assets and how they contribute to firm performance need to be clarified. This chapter, on the basis of a systematic literature review, aims to define a theoretical framework to explain how knowledge asset define the pillars to shape organisational capabilities and provide firms with a sustainable competitive advantage and long-term superior performance.


Author(s):  
Minisha Gupta

Innovation has become an integral part of every business organization because it provides sustainable competitive advantage to the company. In today's highly dynamic business environment every organization wants to succeed by leveraging their employees' talent. In order to leverage the employees' talent, it is important to follow relevant HRM policies or to continuously introduce innovative HR practices to meet the expectations of the employees. Reviewing the literature and previous research work, this study has tried to find out the various innovative HR practices initiated by Indian organizations till now. The findings will help in guiding how much more innovative practices are still to be initiated in order to attain employee confidence and loyalty for the company. The study is beneficial for business leaders, students, practitioners, and researchers.


Author(s):  
Vesna Parausic ◽  
Velibor Potrebic ◽  
Zoran Simonovic

A significant wealth, which a country can have in factor conditions (abundance of natural resources, available labor with tradition in agricultural production), can enable to the country a good starting position or good initial terms for development of intensive and competitive agricultural production. However, by themselves, these factor conditions will not provide to the country high productivity and employment in agriculture, high life standard of agricultural producers, and high export results. Numerous theoretical papers point out the fact that for highly developed and intensive agriculture, which provides to the country and the agricultural producers high employment and life standard, it is necessary to build and strengthen new sources of competitive advantage, of which the most important are: research and development activities, associations and joining in clusters, and setting up a stimulating micro-economic business environment. The authors in the chapter determine, by statistical and comparative analysis, a working hypothesis that favorable factor conditions in agriculture by themselves do not lead to accomplishment and keeping up a sustainable competitive advantage of the country, on domestic and foreign market. By analyzing export results of selected European countries in the field of agriculture, the authors determine conditions that are necessary for a country to achieve high and sustainable competitive advantage on the international market. The chapter also presents the conditions needed to set up “new” sustainable sources of agricultural producers` competitive advantage in the Republic of Serbia.


2012 ◽  
pp. 331-346
Author(s):  
Ivan Arana-Solares ◽  
Jose Machuca ◽  
Rafaela Alfalla-Luque

In the rapidly changing global business environment, it can be seen that supply chain designs based solely on efficiency and speed do not necessarily lead to a sustainable competitive advantage. According to Lee (2004), this can only be done if supply chains are designed to incorporate the Triple A: Agility, Adaptability and Alignment. Although Lee provided some examples, to date his claim has not been empirically tested, which is essential. A number of studies have looked at the three component parts of the Triple A separately, but as yet no studies have focused on all three Triple A components concurrently, or on the impact they have on business performance. The main aim of this chapter is to determine the dimensions and factors that characterize these variables, in order to empirically test the accuracy of Lee’s claim.


Author(s):  
هشام عليان ◽  
محمد الجميلي

In the contemporary business environment, many new concepts have emerged among academic researchers and practitioners in the field of organizations. Perhaps organizational learning was one of the most important concepts that received increasing attention in the last two decades of the last century and the beginning of the current century, especially after the impressive success achieved by many organizations after adopting the organizational learning approach as a process of interaction, extrapolation, exploration and continuous confrontation with environmental challenges, which enables the organization to create Solutions and choosing alternatives that achieve continuous improvement or radical change of their behavior to ensure their survival and competitive advantage, as these concerns coincided with the radical transformations that the world witnessed towards the age of knowledge and information that focuses on investing intellectual assets and tacit knowledge and how to benefit from them and transform them into work contexts and models of behavior that support and modernize discrimination Organizational identifying on an ongoing basis through the process of organizational learning. In line with these transformations, the competitiveness precedence retreated according to the logic of cost and efficiency economics and the achievement of discrimination in front of the new logic of competition represented by possessing the strategic ability to excel and excel and maximizing the value of the customer and stakeholders, which made the view of organizational success shifting from mere financial return or market share targeted to own The strategic capacity of the knowledge that achieves the organization's sustainable competitive advantage, especially through its management of its human and knowledge resources in a way that is difficult for competitors to emulate. These challenges require business organizations to abandon the traditional frameworks and models and to adopt and activate the process of organizational learning as, according to most researchers, the most important source of competitive advantage. If many productive and service organizations in developed countries realize this fact and have achieved high levels of learning to enhance the chances of success, then where are the Iraqi organizations in this, especially since such new concepts are still limited in the cultural vocabulary of these organizations despite their possession of a lot of knowledge and learning applications and They were in unintended ways and methods as learning strategie The research followed the descriptive and analytical approach by designing a questionnaire form prepared for this purpose, and distributed to the research sample (40) of administrative leaders at the University of Kirkuk, and using the statistical program (Spss 19) in data analysis. The research reached a set of conclusions, the most important of which were: that there is a strong and moral correlation between the organizational learning variables and the organizational discrimination variable, and these results coincide with the hypotheses, and the research presented a set of proposals, including the necessity of defining the university administration's goals of organized learning accurately and its future directions in a way that contributes to achieving organizational distinction. to her..


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