Dynamic Mechanical System Analysis-Empirical Research of Wooden Window Enterprise

Abstract:

Competitive advantage is influenced by dual mechanical system: endogenous system and exogenous competitive system. Compared with uncontrollable exogenous competitive elements, endogenous competitive elements exerting structural competitive advantage is of vital importance for companies to battle against disadvantages and achieve competitive advantaged independently. Endogenous competitive elements comprise: firm culture, dynamic capabilities, and complementary assets. At the strategic level, firm culture influences firm decisions; at the organizational level, dynamic capabilities create core competence of a corporation; at the practice level, complementary assets erect barriers to competitors. This study empirically analyzed Firm Sayyas, a leading firm in wooden windows industry having encountered countless structural changes of competitive elements, to uncover how SMEs can achieve competitive advantage. The empirical analysis shows that, cultivating endogenous competitive elements based on “firm culture, dynamic capabilities, and complementary assets” in the dynamic competition is an effective way to maintain SMEs’ competitive advantages.

• Periodical: Advanced Materials Research (Volumes 694-697)
• Pages: 11-16
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.694-697.11
• Online since: May 2013
• Authors: Jie Zhao, Xin Xu, Yun Long Ding
• Keywords: Competitive Advantage, Dynamic Mechanical, Endogenous Competitive Elements, Mechanical System

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