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BNET Business Dictionary
- Competitive Advantage
- a factor giving an advantage to a nation, company, group, or individual in competitive terms. Used by Michael Porter for the title of his classic...
- Competitive Advantage definition on BNET »
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- Huntington National Bank Gains competitive advantage Through a Best-in-Class Originations Platform
- Huntington National Bank, the primary subsidiary of Huntington Bancshares Incorporated, a $30 billion regional bank holding company headquartered in Columbus, Ohio, was seeking to replace its homegrown originations system with a best-in-class solution that would allow greater flexibility, functionality, and scalability. After evaluating systems from several providers, Huntington turned to...
- Case studies
- How Can a Firm Convert Its Global Presence to Global competitive advantage to Gain Certain Benefits?
- To convert global presence into a global competitive advantage, companies must exploit five value creation opportunities: adapting to local scale, exploiting economies of global scope, tapping the optimal locations for activities and resources, and maximizing knowledge transfer across locations. This paper discusses the origins of each opportunity and the specific...
- White papers
- New Tools Help Internal Auditors Transform Purchase-to-Payment Audits for competitive advantage
- Internal auditors and corporate executives are always looking for ways to give their company a competitive edge. One highly examined area is the purchase-to-payment function. In the purchase-to-payment function, historically internal auditors review samples of transactions for exceptions. If they find none, they conclude there is no problem. The article...
- White papers
- Driver-Based Planning: A competitive advantage
- Driver-based planning is an area of emerging interest within the discipline of Corporate Performance Management, also referred to as Business Performance Management. Analogous to the Oakland A's, the objective of driver-based planning is to develop a more accurate picture of expected future business performance via the intentional management of the...
- White papers
- Using an Online Commercial Database as a Source of competitive advantage in Developing Marketing Strategies and Tactics
- The purpose of this paper is to illustrate the use of an online database in providing the foundation for developing a successful competitive strategy. In particular, this paper focuses on the development of market segmentation approach that can be used to identify marketing opportunities and guide the development of a...
- White papers
- Using Business Intelligence for competitive advantage
- Competitive advantages and disadvantages are the strengths and weaknesses of a corporation relative to its present and likely competitors. The overall business intelligence concept is dependent on a process to manage information, using a methodology that integrates with the corporation's functionality and automation. This Business Intelligence Process BIP is equally...
- White papers
- Conning Research: Life Insurers May Need to Break From Traditional Underwriting Process to Create competitive advantage
- As convergence and competition accelerate in the insurance industry, life insurers are at a competitive disadvantage as they seek to attract and retain customers interested primarily in simplicity, value, and ease of purchase in their dealings with insurers. For life insurers, the root of this competitive disadvantage may be the...
- White papers
- competitive advantage and International Business: Examining Path Dependencies in International Business
- This paper examines competitive advantage, entry mode, international strategy, and performance. Firms develop certain competencies and capabilities over a long period of time while operating in the domestic environment and these competencies and capabilities form the basis of a firm's competitive advantage. This paper categorizes multinationals into internal focus, external...
- White papers
- Consistent Performance: The Key to Competitive Business Advantage
- Many companies rely on mission critical software like Oracle Applications to support their business operations and maintain their competitive advantage. To optimize competitive advantage, businesses increasingly rely on consistent performance, even during peak hours, to stay of ahead of the competition. To ensure consistent performance, OuterBay Technologies has developed an...
- Case studies
- Supply Chain and Demand Chain Integration: The Pathway to Profit and competitive advantage
- Over the last decade, a powerful mandate for sustained business productivity has emerged: to design, alter, and combine products and services to profitably and efficiently meet the needs of customers. "Managing demand for the total value maximization of the enterprise and the supply chains" is the "competitive battleground" of the...
- White papers
- CGI Helps Sun Life Financial Maintain competitive advantage
- The Sun Life Financial group of companies provide a wide range of savings, retirement, pension, and life and health insurance products and services to individuals and corporate customers. As part of Sun Life's corporate objectives to reduce administration costs, the company decided to outsource its UK IT operations function. Following...
- Case studies
- AFS Automates and Integrates Large Bank Operations for Greater competitive advantage
- This case study explores the syndications process which is a growth and revenue opportunity for all banks, and one of AFS' bank customers wanted to leverage that opportunity. When the bank set out to grow its syndication business, it knew it needed to automate its syndication processes to be more...
- Case studies
- ANZ Trade Finance Technology Outsourcing for competitive advantage
- With shrinking margins in the trade business, one of ANZ's biggest challenges has been to improve service levels and increase the scale of operations, without adding costs. The bank must provide its widely dispersed client base with high-quality customer service and consistent products-cost efficiently and without jeopardizing the strength of...
- Case studies
- Claiming the Future - Emerging Technologies and competitive advantage in Insurance
- For most insurance companies today, the confluence of equity exposures, catastrophic losses and the need for reserve strengthening - on top of underlying infrastructural challenges - are making for a turbulent ride into an uncertain future. Yet not all insurers are being shaken by the volatility and unpredictability of the...
- White papers
- Do Talk to Strangers: Encouraging Performative Ties to Create competitive advantage
- While many companies have the potential to realize competitive advantage by creating and transferring knowledge more efficiently across employees, few know how to do it successfully, The idea of knowledge as a source for competitive advantage is relatively young, and there's not much research that looks at how knowledge flows...
- White papers
- Demonstrating Personal competitive advantage in a "Rightsizing" Environment
- Company associates may be wondering what assistance is available to compensate for the additional workload as a result of rightsizing. This article asserts through a discussion that it is in the best interest of all for management to anticipate associates' questions and for the surviving associates to begin developing a...
- White papers
- Exploiting SCM as Source of competitive advantage: The Importance of Cooperative Goals Revisited
- The majority of studies on Supply Chain Management SCM emphasize the importance of cooperative relationships for improving the integration of business processes into a supply chain. It seems accepted that SCM will be a source of competitive advantage if, and only if, firms that participate in it formalize a strategic...
- White papers
- The Four Waves of Process Management
- The business concept of "Process" is not new. But as the twenty-first century begins, "Process" has become a revolutionary concept capable of transforming the ways a company achieves and sustains competitive advantage. It is inarguable that process management (TQM, reengineering, etc) has helped industry save billions in operating cost and...
- White papers
- Welcome to Hypercompetition - competitive advantage at Its Fastest
- Clearly, globalization in the service sector is a strong indicator that it too may be undergoing a shift similar to the manufacturing sector's shift to hypercompetition. Whatever a firm's business sector, or the intensity of its competition, some strategies continue to endure. To stay in the game profitably, firms must...
- White papers
- Gaining competitive advantage in e-Tailing Through Marketing Management and Value-Added Uses of Technology
- Experts cite the lack of a sound business plan and a diminished regard for basic marketing and management practices as major reasons for the failure rate of Web-based retailers. The dot-com platform alone was often viewed as a sufficient basis for business success. This paper provides a guide in applying...
- White papers
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