Competitive Advantage

To gain and sustain competitive advantage, an organization must formulate strategies that capitalize on internal strengths and continually improve internal weaknesses (David, David, David 2019). In creating production models that reduce reliance on raw materials, companies are doing just that, gaining a competitive advantage. This process is known as the Circular Economy. A circular economy is a systemic approach to economic development designed to eliminate waste by continually using products and materials and regenerating natural resources (“What is a Circular Economy? | Ellen MacArthur Foundation”, 2020).

For many businesses, the primary means for gaining and sustaining competitive advantages are shifting downstream. Downstream activities are related to consumer behavior. These activities aim to reduce customers’ costs and risks (Dawar, 2020). The circular economy, reusing waste to become profitable within the business ultimately, will further increase its competitive advantage.

References:

Dawar, N. (2020). When Marketing Is Strategy. Retrieved 31 May 2020, from https://hbr.org/2013/12/when-marketing-is-strategy

David, F. R., David, F. R., & David, M. E. (2020). Strategic Management: Concepts and Cases, A Competitive Advantage Approach (17th ed.). Boston, MA: Pearson Education, Inc.

What is a Circular Economy? | Ellen MacArthur Foundation. (2020). Retrieved 29 May 2020, from https://www.ellenmacarthurfoundation.org/circular-economy/concept

ORDER A PLAGIARISM-FREE PAPER HERE

We’ll write everything from scratch

Question

Competitive Advantage

The primary means for gaining and sustaining competitive advantages for companies are shifting downstream. Is that also the case in a circular economy? Explain and discuss these statements.



^{Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."}

Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.