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You have read about achieving competitive dimensions through three primary operations strategies: Differentiation (better), cost leadership (low-price), and response (faster). These strategies are impacted by many different

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You have read about achieving competitive dimensions through three primary operations strategies: Differentiation (better), cost leadership (low-price), and response (faster). These strategies are impacted by many different approaches and functions across the business, including the following:

  • Product
  • Quality
  • Process
  • Location
  • Layout
  • Human resources
  • Supply chain
  • Inventory
  • Scheduling
  • Maintenance

For this week’s Individual Project, select 1 of these pairs:

  • IKEA vs. Haverty’s Furniture
  • Toyota vs. Porsche
  • Zales vs. Tiffany & Co.

Research both companies in the pair you selected. Then, in a 3–5-page paper, answer the following:

  • Which of the three strategies (differentiation, cost leadership, or response) do you feel each company is using? Provide examples to support your decision.
  • Do you feel one or both of the companies are successful? Explain why they are or are not successful.
  • Provide an example of what you feel each company could do better.
  • Is the strategy that each of the companies you researched is using the best strategy for them? Why or why not?

You must use at least 2 references.

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