5/20/2008

Indicators of Firms Strategic Competitiveness

Which are the indicators to measure, if possible, the strategic competitiveness of a firm? Please, give your comments on this "hot" topic.

4 comments:

Puneet said...

An indication of a Firms Strategic Competitiveness is its capability to anticipate an expected situation in the future with trends in the past and be ready with resources.
Example (Anticipation of Rise in Oil Prices) - Toyota has had success with its new model like 'Yaris' which is not a cheap option but an effective solution for high gas prices!!!
Honda too was prepared with its model 'Fit', but differentiated it from the 'Yaris' by adding luxury features.
GM plans to follow using Daewoo's small car 'Spark'
Ford & Chrysler are not prepared!!!

Geoff Hendricks said...

A firm should look at its resources, capabilities, and core competencies to measure its strategic competitiveness. Resources, both tangible and intangible, are combined to create capabilities. The capabilities are the source of core competencies. Core competencies are the basis of a competitive advantage.

angela said...

I agree with the above responses. In addition, a firm's strategic competetiveness can also be inferred by looking at a company's financials and market share.

Anonymous said...

In order to be a strategically competitive firm, management must create and put into place a strategy that creates value. If done right, this will lead to a competitive advantage.

Todd Allen