, INTRODUCTION
This essay will delve into the concept of responsible competitiveness and differentiate it from its counterpart, irresponsible competitiveness. It will also identify
four sources of competitive advantage for Dis-Chem, evaluate the effectiveness of its vision statement, and analyze the company's market environment. In doing
so, the major competitors for Dis-Chem will be identified using additional resources and the internet. Furthermore, this essay will explain Porter's five forces
model and apply it to the pharmaceutical industry to determine the strength of each competitive force. Through this comprehensive examination, we hope to gain
a deeper understanding of Dis-Chem's position in the market and the factors that contribute to its success.
1.a Differentiate between responsible competitiveness and irresponsible
competitiveness.
According to business and organizational literature, responsible competitiveness is defined as a company's ability to compete sustainably and ethically in the
marketplace, with a focus on creating long-term value for all stakeholders, including employees, customers, shareholders, and the environment (Fiksel, 2013).
According to Botha, 2022, this type of competitiveness involves creating products and services that meet customers' needs while minimizing negative impacts on
the environment and society as a whole.
Irresponsible competitiveness is characterized by short-term gain, without regard for long-term consequences. This type of competitiveness often results in
practices that are harmful to the environment, society, or the economy, such as exploiting workers, engaging in unethical business practices, or damaging the
environment, leading to negative outcomes, such as environmental degradation, social unrest, and economic instability (Ramirez, 2015).
1b Identify four examples of Dis-Chem’s sources of competitive advantage.
OUT OF THESE 9 PROVIDED, CHOOSE ONLY 4
Dis-Chem's has a rewards program that provides discounts and other benefits to its customers.
Furthermore, the company has a convenient website and mobile app that allow customers to purchase items online.
Dis-Chem has a strong delivery system that offers same-day and next-day delivery in certain areas.
Dis-Chem has a streamlined online ordering system and knowledgeable staff.
This essay will delve into the concept of responsible competitiveness and differentiate it from its counterpart, irresponsible competitiveness. It will also identify
four sources of competitive advantage for Dis-Chem, evaluate the effectiveness of its vision statement, and analyze the company's market environment. In doing
so, the major competitors for Dis-Chem will be identified using additional resources and the internet. Furthermore, this essay will explain Porter's five forces
model and apply it to the pharmaceutical industry to determine the strength of each competitive force. Through this comprehensive examination, we hope to gain
a deeper understanding of Dis-Chem's position in the market and the factors that contribute to its success.
1.a Differentiate between responsible competitiveness and irresponsible
competitiveness.
According to business and organizational literature, responsible competitiveness is defined as a company's ability to compete sustainably and ethically in the
marketplace, with a focus on creating long-term value for all stakeholders, including employees, customers, shareholders, and the environment (Fiksel, 2013).
According to Botha, 2022, this type of competitiveness involves creating products and services that meet customers' needs while minimizing negative impacts on
the environment and society as a whole.
Irresponsible competitiveness is characterized by short-term gain, without regard for long-term consequences. This type of competitiveness often results in
practices that are harmful to the environment, society, or the economy, such as exploiting workers, engaging in unethical business practices, or damaging the
environment, leading to negative outcomes, such as environmental degradation, social unrest, and economic instability (Ramirez, 2015).
1b Identify four examples of Dis-Chem’s sources of competitive advantage.
OUT OF THESE 9 PROVIDED, CHOOSE ONLY 4
Dis-Chem's has a rewards program that provides discounts and other benefits to its customers.
Furthermore, the company has a convenient website and mobile app that allow customers to purchase items online.
Dis-Chem has a strong delivery system that offers same-day and next-day delivery in certain areas.
Dis-Chem has a streamlined online ordering system and knowledgeable staff.
