Respuesta :
The five sources of competitive advantage that Baldwin would be most likely to pursue include
- Reduce labor costs through training and recruitment
- Seek the lowest price in their target market while maintaining a competitive contribution margin
- Reduce cost of goods through TQM initiatives
- Seek excellent product designs, high awareness, and high accessibility-
- Seek high plant utilization, even if it risks occasional small stockouts
What are the competitive advantage sources to pursue?
Baldwin would have an advantage over its rivals thanks to lower labor costs that would enable Baldwin to maintain higher profit levels. An illustration of a cost leadership strategy would be this.
Baldwin can concentrate on its target markets and provide its goods/services at the most affordable rates in a competitive market. Baldwin would benefit from having a strong hold on the target markets as a result, putting it one step ahead of its clients. This is an illustration of a Focus strategy.
Baldwin would gain a competitive edge if its cost of goods was lower because higher profits would result. An illustration of a cost leadership strategy would be this.
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Complete question
Review the Inquirer to determine Baldwin's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue.
Select 5:
Reduce labor costs through training and recruitment
Increase demand through TQM initiatives
Seek the lowest price in their target market while maintaining a competitive contribution margin
Reduce cost of goods through TQM initiatives
Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
Offer attractive credit terms
Seek excellent product designs, high awareness, and high accessibility
Add additional products
Seek high automation levels
Seek high plant utilization, even if it risks occasional small stockouts
