Sustainable Competitive Advantage

Sustainable Competitive Advantage

Slide # 1

This presentation is about the integration of the Technology Management skills in order to attain a sustainable competitive advantage.

The idea of integrating the different aspects of technology and management has a number of aspects. It requires a deep sense of management within the various components of technology, to attain a competitive advantage over the rival or competitive organizations.

Slide # 2

The Sustainable Competitive Advantage is a strategic advantage, that one business unit has over its rivals within the competitive industry. Achieving Competitive advantage strengthens the position of the company in comparison with the others.

Off course, every firm wants to attain the position that comes under “Competitive Advantage” in order to be the leading product/service provider in its market. this advantage is composed of three basic ingredients:

1) Knowledge Management

2) Technology Management

3) Relationship Management

Let's have a look at these ingredients individually.

Slide # 3

What is Knowledge Management?

In the modern era every company has to compete with the developing products of their competitors, the whole bundle of knowledge and information required for this purpose is organized at a single point, that is knowledge management. Once you have gathered the required information only then you can make right decisions for the future of your organization.

The knowledge management includes several dimensions to be considered while making decisions.

 

Slide # 4

Since Knowledge Management is a vast field and it encloses each and every piece of information related to the business therefore it has a direct affect on:

The performance of the Organization: the knowledge management can improve the performance and the image of the company.

Financial Performance: as the production of new and better products/services gives the organization a financial advantage

Innovative approach: knowledge management also helps the organizations to be innovative in its productions.

Slide # 5

These are some of the basic components ...