Findings revealed different strategies on how to improve the competitive advantage such as Kironde hardware uses technology in business operations, offers a variety of hardware products, has built a strong brand reputation through quality and reliability to attract and retain customers and has formed strategic partnerships and alliances as a way to improve its competitive advantages. Findings revealed different importance of having a competitive advantage and these include Kironde hardware has obtained market differentiation, has built loyal customer base, the market share has increased and there is increased profitability at the hardware as a result of its competitive advantage. Findings revealed different challenges faced by Kironde hardware limiting its competitive advantage and these include there is skills mismatch and lack of training needs, high turnover rates and has difficulties in retaining skilled employees, struggles with a shortage of qualified managers and executives who can strategically lead the organizations, the employees at receive low salaries, unreliable suppliers which brings about supply shortages and Kironde hardware has a lot regulatory pressures. Based on the study conclusion provide recommendations for the study and outline 5 areas of further study

How could a business gain a competitive advantage?

Which of the following should an organization do in order to obtain a competitive advantage through superior innovation?Multiple Choiceset up a strong team to handle after-purchase supportproduce products with technologies that have not been used previouslydecrease the number of product attributes and lower the price of its productsreduce the number of components that go into its productsprovide high-quality products to create a brand-name reputation for its products

Which of the following is not a reason that industry rivals are often motivated to enter into strategic partnerships with key suppliers?Multiple Choiceto enhance the quality of parts and components being supplied and/or to reduce defect ratesto speed the availability of next-generation componentsto reduce the bargaining power they face from buyers of their productsto squeeze out important cost savings for both themselves and their suppliers

The Competitive Advantage Theory argues that businesses should focus on creating a sustainable competitive advantage through unique product offerings, cost leadership, or other means. true false

The rivalry among competing sellers in an industry intensifiesMultiple Choicewhen buyer demand for the product is growing rapidly.when customers are brand loyal and their costs to switch to competing brands or substitute products are relatively high.when buyer demand is strong and sellers have little or no excess capacity and only minimal inventories.as the number of rivals increases and as they become more equal in size and competitive capability.when the products of rival sellers are highly differentiated products and the industry consists of so many rivals that any one company’s actions have little direct impact on rivals’ business.