Science

Competitive Advantages Paper MGT 498Competitive Advantages Paper The economy that will live in today is highly competitive; increasingly competitive asmore companies acknowledge that domestic landscape is shrinking. As the opportunities decreasein the domestic market, organizations are making the changes in order to gain a competitive

advantage in the global market. In this paper, team B will discuss the advantages of RiordanManufacturing and how there related to other organizations in the market. In addition todetermining the competitive strategies of Riordan, they must improve innovation and sustainabilityin their business operations of both the United States and global market. Furthermore, Riordan hasto establish particular strategies and determine the numerous ways in which they will accomplishsustainability of long term organizational performance. In conclusion, Team B will discuss howthe global market is going to affect the business strategy of Riordan.

Competitive Strategies

The main advantage of Riordan Manufacturing is that they are the leader in the industry.Furthermore, Riordan has several locations which can be used to implement productionefficiencies which lower costs. In order to identify opportunities, the organization holds acomprehension market study in order to gain knowledge and establish directional tactics. Inaddition, the environmental scan can also determine the organizations weaknesses and strengths. Inrelation to Costco, Riordan does what it takes to be the best company in the industry and part of that effort includes providing quality products at a fair price to its customers. Costco has a partnership with American Express and the program they offer rebates 1% of the sales to their customers by the end of the year. These programs are beneficial in building a clientele becausethey establish loyalty. Riordan has up to 54% of their customer base on other countries, China being one of the main countries outside the US, and they are able...