Competitive Advantage (Essay Sample)

Competitive Advantage
Student’s Name
University
Introduction
The modern global business dictates tough competition among businesses in related industries and line of production. It is vital to understand market dimensions in the process of maneuvering through the competitiveness among firms within the same industry. Under the circumstances, firms develop certain techniques that enable them perform better than other firms do. Some of these techniques include offering greater value to customers, working perfectly with prices to invite customers in acute demand, and adding some benefits and services in niche marketing that make the firm to reap more than others in the market do. This paper seeks to analyze Riordan in the plastic injection molding industry with a keen focus on its competitive advantages, strategies, innovation, and sustainability. More than that, the long-term effects of the competitive advantages as well as the global effects on the business strategies are to be analyzed.
Conclusion
In conclusion, Riordan, like other firms in the industry embraces innovation and customer value creation as among the best business strategies that make the firm sustain its competitive advantage. By striving to become eco-friendly, the fir...