MGT 510 Saudi Electronic University Week 5 Strategy Planning Discussion Discuss the potential of an innovation to establish competitive advantage. Give sui

MGT 510 Saudi Electronic University Week 5 Strategy Planning Discussion Discuss the potential of an innovation to establish competitive advantage. Give suitable examples from real market.(5 marks)When and how does the vertical integration become a solution for a company to maintain its competitive advantage?Enrich your answer by suitable examples from Saudi market. (5 marks)Please check my discussion,did i meet the requirements? Also regarding grammar, spelling, sentence structure and citation, sources, font, and also plagiarism percentage. College of Administrative and Financial Sciences
Discussion 3
Deadline: 04/07/2020 @ 23:59
Course Name: Strategic Planning
Student’s Name:
Course Code: MGT 510
Student’s ID Number:
Term: Summer
CRN:
Academic Year: 1440/1441 H
For Instructor’s Use only
Instructor’s Name: Dr. Ganesh Dash
Students’ Grade: Marks Obtained/Out
of 10 marks
Level of Marks: High/Middle/Low
Regulations:
✓ This assignment is an individual assignment.
✓ All students are encouraged to use their own words.
✓ Student must apply Saudi Electronic University academic writing standards and APA style
guidelines.
✓ Support your submission with course material concepts, principles, and theories from the
textbook along with at least two scholarly, peer-reviewed journal articles.
✓ A mark of zero will be given for any submission that includes copying from other resource
without referencing it.
✓ It is strongly encouraged that you submit your assignment into the safe assignment
Originality Check prior to submitting it to your instructor for grading.
An Overview about Assignment submission Time & grades:
Type of Assignment
Posting date
Due date
Marks
Discussion
Start of week 5
End of Week 5
10
Grace period*
–
* Grace Period: with accepted excuse (accepted by instructor) with deduction of 10% for late submission
Discussion 3
(10 Marks)
1. Discuss the potential of an innovation to establish competitive advantage. Give suitable
examples from real market. (5 marks)
2. When and how does the vertical integration become a solution for a company to maintain
its competitive advantage? Enrich your answer by suitable examples from Saudi market.
(5 marks)
(Max 700 words)
Introduction
The current era was marked by the rapid pace of innovation and the emergence of new products
with severe shortening in their life course; The consumer is no longer standing at a specific need,
and he is not satisfied to be satisfied with it at the beginning of a commodity
He sees it in light of the changes taking place in the economic environment from a great increase
in competition and a tremendous development in innovative technology and processes; As it
became necessary for institutions to succeed and continuity. Its activity is to produce new or
improved goods to satisfy customers, meet their wishes and confront competition
Growing, by adopting new methods that are appropriate to the nature of the stage; Where the
innovation and innovation the primary focus of these methods (Silva,2017).
Make the right decisions:
Especially if the strategic management process is based on teamwork, which generates many good
strategic alternatives that improve and increase opportunities for effective strategic selection.
However, Decision Making is one of the tasks of businesspeople at all levels within an
organization. Optimizing your decision making can mean the difference between failure and
success
Reducing resistance to change:
Where strategic management depends on human resources with positive thinking and ability to
face challenges, at the same time that management can anticipate the glitches in its change strategy,
and individuals or departments that may represent a resistance factor to the wave of change, and
then can transform the culture of resisting change as a handicap and exhausted Time and effort,
into a culture that senses the importance of change and views it as desirable (Yaldız, N., & Bailey,
M. 2019)..
Future visibility:
In order to formulate a competitive advantage, there is a need for a future perspective and a great
deal of forecasting of the events and predicting what the organization’s environment will be.
Through clarity of that vision and the participation of its staff, it will move everyone toward
implementing it and achieving the goals emanating from it (Brem.2016)
Saudi Arabia
We live in a global world where technology, especially information and communication
technology, is changing the way businesses create and capture value, how and where we work,
and how we interact and communicate. Consider fife technologies that are transforming the very
foundations of global business and the organizations that drive it: cloud and mobile come- putting,
big data and machine learning, sensors and intelligent manufacturing. Creative destruction caused
by technology is so wild that it is practically a platitude it is easy to ignore not only the speed at
which disruption caused by technology is affecting society but the acceleration in the pace of
change. This acceleration and its effect on markets, companies, and labor are astonishing. Further,
dependence on technology only could decrease mind memorizing. For example, in Saudi Arabia,
one of the booming company is Elm is a joint-stock company owned by the Public Investment
Fund (PIF). They develop secure e-Services and high-profile government support projects that
fully meet client expectations. They also aim to contribute to the build-up of national expertise
and the localization of IT capacities.
Recommendation
1- Innovation can be achieved by providing a set of requirements, and any organization can
these requirements are available if desired.
2- Innovation often does not require new technology to achieve it as much as it requires ideas
new or unfamiliar.
3- Innovation creates a competitive advantage for the organization and for sustainable or
temporary hires this remains according to the degree of intensity of innovation.
4- An innovative (new) product does not have to be a complex product resulting from
innovation technological, but rather a simple product but behind an innovative or
unfamiliar idea.
References
Brem, A., Maier, M., & Wimschneider, C. (2016). Competitive advantage through
innovation: the case of Nespresso. European Journal of Innovation Management.
Cascio, W. F., & Montealegre, R. (2016). How technology is changing work and
organizations. Annual Review of Organizational Psychology and Organizational
Behavior, 3, 349-375
Elm Website available at: https://www.elm.sa/en/About/Pages/About-Us.aspx
Silva, G. M., Styles, C., & Lages, L. F. (2017). Breakthrough innovation in international
business:
The
impact
of
tech-innovation
and
market-innovation
on
performance. International Business Review, 26(2), 391-404.
Yaldız, N., & Bailey, M. (2019). The effect of critical thinking on making the right decisions
in the new venture process. Procedia Computer Science, 158, 281-286.

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