MGMT 701 Strategy and Competitive Advantage

Professional work Experience

Competitive advantage signifies those factors that are acquired either by any person or entity to remain a better advantage in comparison to the competitors. Such factors allow one to manage and execute the work in a more productive way and gain a superior advantage over other rivalries present under the same domain or work area. During the time of executing my service, I was able to exploit that competitive strategy is very important and maintaining the minimized structure of cost and enjoying better expertise remains the attitude behind skilfully adopting the technique of competitive advantage (Ahmed et al., 2017). I was able to grasp the knowledge that the following aspects are very essential to stand out from a group of people and enjoy the competitive advantage. This specific research paper will shed light upon my experiences regarding different aspects of competitive advantage that I was able to achieve during my professional life.

Remaining charged up and maintaining the skills remains the key. Adopting proper skills is very essential to adjust to the workflow and stand out during times of activity. Adding the necessary values so that the requirement of the work profile gets fulfilled. These types of attributes indeed create a positive approach towards the work and allow in gaining the essential advantage. When new skills are developed then automatically confidence builds up and allows an individual like me to attain more workload and handle pressure more precisely than others (Merida et al., 2021). During the time of rendering my services towards the organization, I was also capable to adapt better communicative approaches that remain very crucial to help an individual to enjoy a competitive advantage and sit at the top in context to all other employees. Communicating efficiently with other colleagues and the clients creates a better scenario within the mind of the opponent parties and allows them to understand if any discrepancies exist or not.

The concept of data analytics also helps in achieving the desired competitive advantage by focusing upon different strategies which help individuals or entities to leverage all the available monumental data sets that relate to any particular create and provide opportunities to the organizations to adopt ways of cutting the cost and allowing in gaining the competitive advantage concerning others. Large data sets are acquired at one place and scrutinized to attain efficiency regarding the discern patterns so that decision-making can be made effective and the scope of work can be broadened (Shaddix 2018).

Therefore, the role of data analytics to gain a competitive advantage remains at a higher spot. Another very important idea that I was able to grab during the time of rendering my operations in my professional area is to never get demotivated upon encountering any failures and always trying to exceed the set expectations. Doing this regularly will allow the top hierarchy to always believe in me, and I can enjoy the competitive advantage in comparison to the other workers who are working side-by-side with me. Constantly working to build up my strengths so that I can outperform others and enjoy the prestige to establish my unique proposition of values in the workplace allows me to gain a competitive advantage in comparison to the other employees who are also working under the same roof and attached with the same domain of work (Choi et al., 2018). When the question of gaining competitive advantage comes then obviously improvement within the area of interpersonal skills plays a very pleasing role.

It's always not the characteristics discussed above that makes an individual capable to gain the competitive advantage within the professional life but the aspect of competitive advantage to be acquired by any specific individual requires dedication and quality of work that he or she is rendering and obviously within the stipulated time create remains another important aspect which delivers ample competitive advantage (Ghani et al., 2019). The cumulative efforts of all the adjectives discussed above makes any person capable to attain the desired competitive advantage.

References

Ahmed, E., Yaqoob, I., Hashem, I. A. T., Khan, I., Ahmed, A. I. A., Imran, M., & Vasilakos, A. V. (2017). The role of big data analytics in Internet of Things. Computer Networks, 129, 459-471.

http://www.ttcenter.ir/ArticleFiles/ENARTICLE/3645.pdf

Ghani, N. A., Hamid, S., Hashem, I. A. T., & Ahmed, E. (2019). Social media big data analytics: A survey. Computers in Human Behavior, 101, 417-428.

https://www.academia.edu/download/60603067/Paper_67-A_Survey_on_Big_Data_Analytics_Challenges20190915-34463-16wfp09.pdf

Merida, T., Akin, D. L., & Hunt, J. M. (2021). Exalting Jesus in Psalms 101-150 (Vol. 2). B&H Publishing Group.

https://books.google.co.in/books?hl=en&lr=&id=-moPEAAAQBAJ&oi=fnd&pg=PT7&dq=Merida:+Christ-centered+Exposition,+Exalting+Jesus+in+1+and+2+Kings:+Read:+Merida&ots=Qu11efxEjN&sig=nPjyyybDHBJiE8p4zXiNrQdBLZQ

Shaddix, J. (2018). Exalting Jesus in 2 Peter, Jude. B&H Publishing Group.

https://books.google.co.in/books?hl=en&lr=&id=fi5aDwAAQBAJ&oi=fnd&pg=PT5&dq=Merida:+Christ-centered+Exposition,+Exalting+Jesus+in+1+and+2+Kings:+Read:+Merida&ots=bf2DuHT4aH&sig=SyxqkooT_BNwW6vbF0uJYOqrfsU

Choi, T. M., Wallace, S. W., & Wang, Y. (2018). Big data analytics in operations management. Production and Operations Management, 27(10), 1868-1883.

https://onlinelibrary.wiley.com/doi/abs/10.1111/poms.12838..

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