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While another company might have had to rely on suppliers for the molds, Custom Molds produced both in house.Having a well managed inventory of molds allowed the company to supply additional parts to former customers very quickly. The company thus, differentiated itself from the competition by being flexible enough to match market changes, reliable in meeting schedules and fast in order delivery.Three studies examined how firms can use transparency into social and environmental responsibility initiatives to differentiate themselves in the consumer market.
Lee, 2001], the first step is to identify where The production of parts, however, was not a labor intensive process. The competitive advantage of this company was therefore the ability to produce highly accurate molds as well as quickly delivered parts.
One of their competitive advantages was the linkage between the two processes.
Since the early 2000s, online betting exchanges have had a new relationship with customers relative to traditional bookmakers, providing a platform to match individuals willing to lay and back the same outcome.
This study shows how exchanges’ platform design choices have major implications for their likelihood of success.
Sunil Gupta explores the infiltration of Amazon into dozens of industries including web services, grocery, and movie production. This paper explores transitions to a managed-ecosystem governance mode and its implications for strategy and innovation.
To be successful, firms must develop the capabilities to shepherd communities, leverage without exploiting them, and share intellectual property rights.Government spending on bridges, roads, and other infrastructure pieces does not always ignite economic good times, say William Kerr and Ramana Nanda. Open for comment; In India, the Golden Quadrilateral highway network connects four major cities.This study of the relationship between the infrastructure project and development of the local financial sector finds that, in districts along and near the GQ, initial levels of financial development shaped how, and where, infrastructure investment could jumpstart real economic activity.It shows how advanced machine learning could be accessible to managers.When times are tight, companies usually respond with employee layoffs.While US policymakers and politicians focus on reviving the manufacturing sector, Mercedes Delgado and Karen Mills unearth a source of better jobs hidden in plain sight. Open for comment; This paper challenges the logic that making it easier for consumers to search across a wide assortment of products is the best strategy for online retailers.Experiments show that adding extra search costs to find discounted items can improve gross margins and sales by increasing the number of items inspected and serving as a self-selecting price discrimination mechanism among customers.We can forecast hurricane paths with great certainty, yet many businesses can't predict a supply chain snafu just around the corner. Open for comment; This study sheds light on how product outcomes shape the direction of innovation and markets for technology.In the drug development industry in particular, negative product shocks appear to spur investment changes both within the directly affected firm and in competing firms in the same R&D markets.But what if they held on to workers and cut their salaries instead?New research by Christopher Stanton and colleagues has the answer.