Competitive advantage
Introduction
Riordan is a virtual organization which mainly majors in manufacture of plastic and related products. One of the major aspects in this regard is that the company has certain advantages which enable it to compete effectively with potential competitors, mainly the close substitutes. Competitive advantages enable the company to expand its operational boundaries as well as the market measure. With such aspects, the company manages to maintain or improve its position in the market, failure to which the company may be compelled to halt its operations in the market.
In this particular company, major advantages include factors which enhance innovativeness as well as sustainability.
Innovativeness is utterly important especially in product differentiation to ease competition as well as sustainability which involves the environment within which the business is situated. Sustainability enhances effective and sustainable production, which aims at increasing production and maintaining a good physical, political and social environment. Taking Riordan company as a referent case, major companies are inclined to apply similar aspects of effective production which ensures sustainability and production growth in the market (Barone and Decarlo 2003).
Amazon.com Company employs competitive and comparative strategy. The company deals with a line of products which require a highly creative production framework. The major reason behind such innovativeness is the fact that competition is utterly stiff and without a dynamic productive environment, the company risks unfriendly competition which might eliminate it from the market (Porter 1985). As the company strives to maintain its productivity in the market, the company is ethically expected to positively impact the world around it. This is basically the environment which determines the relationship that the company maintains with its environment.
Similarly, pampers Company deals in the line of children products especially clothes. The company mostly employs a comparative strategy due to the nature of the product. The company produces diapers and other related products. These products are fast going since they are basic amongst all children. However, competition from other companies becomes a compulsive factor. For that reason the company must ensure that it provides a wide range of products and prices, factors that mainly characterize comparative strategy of competition (Porter 1985).
With comparative strategy, the company embraces diversity such that there is a wide range of products to choose from in the market. Additionally, the firm or company involved ensures that it does not creative a business niche for other competitors since this could attract more competition. These advantages, as explained by Michael Porter (1985) are evident in the three companies involved whereby, it is possible to find products from the same manufacturer with varying prices but with similar applications (Porter 1985). On the same hand, some products are superlatively expensive in a strategic attempt to meet class. All human aspects are thus catered for in quality of products made as well as the prices marked.
Conclusion
The business arena is entirely dynamic basing all viable factors on the current world, such that certain business approaches are inevitable. This is a sure implication that running business should employ prevailing strategies, especially competitive advantages so as to ensure that they at least maintain their positions in the dynamic market as well as improve in terms of market command and operations.
References
Barone, M.J. and T.E. DeCarlo (2003). Emerging Forms of Competitive Advantage: Implications for Agricultural Producers. Midwest Agribusiness Trade Research and Information Center Research Paper 03-MRP 5
Porter, M. (1985). Competitive Advantage. New York: Free Press
