Riordan’s Competitive Advantages

Riordans Competitive Advantages The research bequeath describe which competitive advantages Riordan has in green with McDonalds and Burger King. This study will estimate, which competitive strategies Riordan could routine to improve innovation and sustainability of business effects some(prenominal) in the United States and in the pla crystalliseary market. Research will explain why those competitive strategies were chosen and estimate how they may affect sustainability of long-term brass instrumental performance. The examination will also explain how the planetary market would affect the business strategy of Riordan.Riordan Organization McDonalds and Burger King The McDonalds Corporation and the Riordan Manufacturing social club are both main industry leaders in their own field. One major competitive advantage that each company has in putting surface is differentiating their products. Each company has a variety of items that meets the unavoidableness of their consumers. The three companies sell both nationally and internationally. Burger King, Riordan, and McDonalds join on their sales by offering terms discounts, and sale promotions to ensure that their prices are affordable to bothone in need.All three companies use make up leadership, focus, and speciality simulated military operation to gain a competitive advantage over their competition. Another commonality between the three companies is that they use some type of reward and incentives program to ensure that they are recognizing their employees for operational excellence. Riordan Innovation Strategies Innovation Riordan could increase innovation and sustainability for the business operations in the United States of America and globally by implementing a strategical capacity plan.This plan will increase effectiveness, add improvement to its supply chain, and implement the methods and concepts of lean achievement to gain value and over succession wait on sustain competitive advantage. Strategic capacity cookery starts with better use of resources by reducing waste of raw material and producing products in good time at a lower cost. Riordan should make sure it has stock available and on the shelf, which will lead the inventory cost to rise. Riordan can increase its competitiveness by using farsighted capacity intend, by making use of the breakeven analysis of financial statements.This will inspection and repair Riordan improve the process that it already uses, and by using the just-in-time inventory, which would help the company in the area of its operation processes. These strategies can be implemented by ensuring a better eye for detail, adding the key values of extreme precisions and enthusiastic quality control to help continued success in the future. calling Decisions Differentiation and cost leadership were two strategies chose because they are the to the racyest degree common between the different companies. Amazingly two leading organizations from different industries are using the aforesaid(prenominal) competitive strategies and tactics.The two competitive strategies may be the reason both organizations are leading inwardly their industries. Differentiation is a type of competitive strategy with which the organization seeks to distinguish its products or service from competitors (Valdehueza, 2009). Riordans organization sells heart valves, plastic bottles, fans, and medical stents. Clearly, they have a large variety of products. According to Valdehueza, cost leadership is a competitive strategy with which the organization aggressively seeks efficient facilities, cuts costs, and employs tight cost controls to be more efficient than the competition.Decreasing business costs every way possible while providing customers with a high quality product is a definite way to ensure an advantage over the competition. Sustainability When organizations masters cost leadership, and differentiation they will began to meet and exceed long- term goals. The organizations can use these two strategies for every business situation they may encounter. Proper use of both strategies will result in sustainability and organizational performance. Competition between companies will create a winner and a looser.In the competition process in efforts for the winners to win, they have to increase consumer value to satisfy the customer. This method alone will create long-term sustainability at heart the corporation. Organizations create customer loyalty by increasing consumer value in efforts to surpass the competition. Continual improvements of this fact process will sustain long-term organizational performance, and operational excellence. Global Market Affect Business strategy The globalization of markets is the merging of historically distinct and separate national markets into one larger global marketplace (Hill, 2009).With any form of globalization, companies will have to understand international measurement issues. Riordans m oldable began with international measurement in efforts to prepare the company for the global market. According to Hill, the globalization of return is the sourcing of services from one location around the world to take advantage of national differences in the cost of factors or production in labor energy, land, and capital (2009). International measurement issues include return on investments (ROI), figure analysis, and historical comparison (Wheelen & Hunger, 2010). Dr.Riordan insisted on using their resources as a tool to increase profits when he started this company. This way when Riordan became international customer satisfaction and the rate of return was the most important factors. Riordan also undeniable a budget analysis as well as a historical comparison to remark global success. Conclusion One major competitive advantage that each company has in common is differentiating their products. Each company has a variety of items that meets the need of their consumers. All th ree companies use cost leadership, focus, and differentiation tactics to gain a competitive advantage over their competition.Riordan can increase its competitiveness by using farsighted capacity planning, by making use of the breakeven analysis of financial statement, which will help Riordan improve the process that it already uses, and by using the just-in-time inventory, which would help the company in the area of its operation processes. Differentiation and cost leadership were two strategies chose because they are the most common between the different companies. When an organization masters cost leadership, and differentiation they will began to meet and exceed long-term goals.Continuous improvements of this particular process will sustain long-term organizational performance, and operational excellence. Riordan also needed a budget analysis as well as a historical comparison to maintain global success. References Chauhan, S. , Nagi, R. , & Proth, J. (2004) Strategic capacity pl anning in supply chain design for a new Market opportunity International daybook of Production Research 42(11), p. 2197 2206 Hill, C. W. (2009) International business competing in the global marketplace (7th ed. ) Boston, MA McGraw-Hill Shields, T. 1999) Tutorials lean production / lean manufacturing Defense Acquisition University. Retrieved January 31, 2012, from http//www. dau. mil/educdept/mm_dept_resources/navbar/lean/01rdg-lean. asp Valdehueza, Gregar, D (2009) Strategy Formulation, and Implementation Retrieved from http//www. slideshare. net/gar_dev/strategy-formulation-and-implementation-1224519 Wheelen, T. L. , & Hunger, J. D. (2010) Concepts in strategic management and business policy Achieving sustainability (12th ed. ) Upper Saddle River, NJ Pearson/Prentice antechamber