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Sample Coursework Paper on MGT-419-B Research Deliverable (2)

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Sample Coursework Paper on MGT-419-B Research Deliverable (2)
Research Question:

Does BidDocs have an edge over its competitors? What strategies does BidDocs use to maintain a competitive edge in the industry?  What strategies do BidDoc’s competitors use to differentiate their services and products from BidDocs’?  What else can BidDocs do to remain above the competition? How will BidDoc’s competitors react to BidDocs’ proposed strategic actions?

Research Categories:
Competitors
  • ProjectDog
  • BidExpress

Customers

  • Contractors
  • OPM
Competitive advantage
  • BidDocs competitive edge
  • BidDocs current strategies for maintaining competitive advantage
  • Recommended strategies for continued competitive advantage
Competitor’s strategy
  • Competitor strategic actions
  • Competitors’ possible reaction to BidDoc’s Planned action
Construction Industry
  • Bidding Importance

 

Categories Assigned:

            The focus of the present research is on the competitive advantage possessed by BidDocs over its competitors, the strategies used by BidDocs and what BidDocs can do to enhance the competitive advantage it has over its competitors. It also discusses the relevance of BidDoc’s business strategies to the construction industry.

  1. Secondary Research Notes:

Research Category:–Competitor; ProjectDog

Date of Research: 04/03/2015

Summary of Research: The company website gives information that describes the nature of the company’s business including the current business services offered by Project Dog in helping public and private agencies meet their business goals. The article focuses on showing the Company structure and services.

 

Key Findings:

·         The Company has a website (www.projectdog.com) through which it carries out online documentation management expertise using cloud-based technology

·         ProjectDog helps organizations to access multiple bid opportunities as well as to centralizing project information

·         ProjectDog also allows tracking of multiple projects online

Missing Information/Additional Questions:

·         The website does not provide information on the range of products offered by ProjectDog

·         The organizational strategic plan is not presented in the website

 

Citation and URL: PROJECTDOG (2015). For all Procurement Levels. Retrieved from https://www.projectdog.com/

 

  1. Secondary Research Notes:

Research Category:–Competitor; BidExpress

         Date of Research: 04/03/2015

Summary of Research: The article shows how the company builds its reputation through investment based on wisdom. It also gives work collaborations between the company and various stakeholders such as contractors

Key Findings:

·         The company works with insured contractors and workers

·         The range of services provided by BidExpress cover garbage collection and home construction among other businesses.

Missing Information/Additional Questions:

·         Is the Company able to come up with a nationwide business operation?

·         Does the company do business only in the construction industry?

 

Citation and URL: Johnston, K. D. Online bid service backed by eConception. Nashville Business Journal, 16(2010).

 

  1. Secondary Research Notes

Research Category:–Competitor; BidExpress

         Date of Research: 04/03/2015

Summary of Research: The website shows the range of business carried out by BidExpress and how BidExpress has expended its customer coverage through online contract bidding services.

Key Findings:

·         BidExpress has a website through which it advertises its services i.e. www.bidx.com

·         BidExpress engages in online bidding with efficiency and timeliness.

·         The organization allows for online access to several bid documents through its website

·         The organization also schedules activities for contractors

Missing Information/Additional Questions:

·         Does the company do business only in the construction industry?

 

Citation and URL:

BidExpress (2015). BidExpress Basic Services. Retrieved from https://www.bidx.com/site/static?page=services#basic

 

  1. Secondary Research Notes:

Research Category:–Competitive Advantage; BidDocs

         Date of Research: 04/03/2015

Summary of Research: The Company website describes the nature of the organization’s business activities, with focus on E-bidding for construction documents.

Key Findings:

·         The company offers an online platform for obtaining, printing and submitting bidding documents for the construction industry.

·         The company website is used for the advertisement of company business and provision of interactive services

·         The company website also describes the company’s purpose as saving Trees through online bidding

Missing Information/Additional Questions:

·         How potential customers can access the online business and whether the company collaborates with other players in the construction industry.

Citation and URL:  BidDocs (2015). BidDocs Online. Retrieved from http://www.biddocsonline.com/index.php

                                  

 

  1. Secondary Research Notes:

Research Category:–Competitive advantage; BiDdocs online

         Date of Research: 04/03/2015

Summary of Research: According to the book, BidDocs Online Company has increased its operations through engaging in sustainable and improvement performance by shifting from hard copy bidding to online bidding process. The main idea from the book is how the adoption of sustainable business operation has saved the company from declining in the face of environmental management campaigns

Key Findings:

·         The Company’s change in finances, management and structural practices has improved its profitability

·         The Company’s corporate culture has ended up reformed out of performance improvement and sustainable business operations

 

Missing Information/Additional Questions:

·         Can the Company pursue aggressive business developments?

·         Can the company keep up with all changes in the construction industry?

 

Citation and URL: Elnusatbk PT – annual report, 2012. Kuching: Acquisdata Pty Ltd, 2012

  1. Secondary Research Notes:

Research Category:– Competitive advantage: BidDocs

         Date of Research: 04/03/2015

Summary of Research: The article describes different ways in which a company can gain competitive advantage over its competitors in any business.

Key Findings:

·         BidDocs has already applied the concept of differentiation in order to achieve a competitive advantage by specifying its target market as the construction industry.

 

Missing Information/Additional Questions:

·         For how long can the company remain different from its competitors?

Citation and URL Lewis, J. Four Methods of Competitive Advantage. Demand Media, 2015, Retrieved from http://www.smallbusiness.chron.com/four-methods-competitive-advantage/

 

  1. Secondary Research Notes:

Research Category:– Competitive advantage: BidDocs

         Date of Research: 04/03/2015

Summary of Research: The article describes ways in which the competitive advantage can be attained in an organization through maintaining relationships and dealing in soft products.

Key Findings:

·         BidDocs has to come up with a good strategy for product differentiation through engagement in soft products instead of hard products

 

Missing Information/Additional Questions:

·         Will the Company have a permanent competitive advantage?

·         Is product differentiation working positively for the company?

Citation and URL Walsh, M. How to Keep and Sustain a Competitive Advantage. The “How-To” Issue, Sales and Systems, Iss. 43, 2013. Retrieved from http://www.makeitbusiness.com

 

  1. Secondary Research Notes:

Research Category:– Competitive advantage: BidDocs

         Date of Research: 04/03/2015

Summary of Research: According to this article, various ways of achieving competitive advantage over competitors in the construction industry are outlined. One of the ways is through the incorporation of high quality management and operation services.

Key Findings:

·         BidDocs has re-engineered the process of documentation to adapt to the demands of the market place.

 

Missing Information/Additional Questions:

·         What is the efficiency of the E-bidding process to the construction industry?

Citation and URL Ngowi, A. B., &Rwelamila, P. D. What is a competitive advantage in the construction industry? Cost Engineering, 41, 2 (2009): 30-36.

 

  1. Secondary Research Notes:

Research Category:– Competitive Strategy: BidDocs

         Date of Research: 04/03/2015

Summary of Research: The article describes ways in which a company can attain competitive advantage through engaging in defensive tactics.

Key Findings:

·         BidDocs should come up with strategies of following up on their competitor’s actions and strategies and staying ahead of competitor plans.

 

Missing Information/Additional Questions:

·         Can a company practice defensive strategies effectively?

·         How much can competitive advantage be maintained through defensive tactics?

Citation and URL. Kale, S. & Arditi, D. Competitive Positioning in united States Construction Industry. Journal of Construction Engineering and Management, 3, (2002):238-247. DOI 10.1061/(ASCE)0733-9364(2002)128:3(238)

 

  1. Secondary Research Notes:

Research Category:– Competitive strategy: BidDocs

         Date of Research: 04/03/2015

Summary of Research: This article discusses ways in which organizations can form strategic alliances to reinforce competitive advantage.

Key Findings:

·         Through formation of creative alliances with contractors and project managers, BidDocs can stand above the competitors

Missing Information/Additional Questions:

·         What features characterize strategic alliances?

Citation and URL Hampson, K. D. & Kwok, T. Strategic alliances in building construction: a tender evaluation tool for the public sector. Journal of Construction Procurement, 1997, 3(1). pp. 28-41.

 

  1. Secondary Research Notes:

Research Category:– Competitors’ Potential Reactions

         Date of Research: 04/03/2015

Summary of Research: The study highlights the methods that competitors mostly use to rise above their competition’s advantage.

Key Findings:

·             Both ProjectDog and BidExpress might engage in more differentiating strategies

 

·             The competitors might also use defensive tactics

 

Missing Information/Additional Questions:

·         Can defensive strategies be applied to challenge all forms of competitive advantage?

Citation and URL: Lazarevic, S. Knowledge, Cultural Change in Organizations and Competitive Advantage: Case of Construction Industry Corporations. Working Paper no 10/05; Monash University Business and Economics, 2005.

 

  1. Secondary Research Notes

Research Category:– Competitors’ Potential Reactions

         Date of Research: 04/03/2015

Summary of Research: The study explains the importance of product differentiation and market segmentation in the achievement of competitive advantage.

Key Findings:

·             Both ProjectDog and BidExpress might decide to direct their business towards a specific industry.

·             In case the two competitors decide to ply the construction industry, they will offer more intense competition to BidDocs.  

Missing Information/Additional Questions:

·         Can differentiation be in getting at par with BidDocs?

Citation and URL: Kangari, R., “Risk Management Perception and Trends of US Construction”, ASCE Journal of Construction Engineering and Management, Vol.121, No.4, 1995, pp.422-429.

 

  1. Primary Research Notes

Research Category:– Construction Industry

         Date of Research: 04/03/2015

Summary of Research: The aim of the interview was to determine how essential bid documents are in the construction industry and whether online bidding makes it easier to access the documents. This was done by asking a professional contractor.

Key Findings:

·             No construction can commence without contract assignment and therefore without bidding.

·             Online bidding makes it easier to access documents as well as to submit the documents in a more timely manner

 

Missing Information/Additional Questions:

·         Do some contractors prefer dealing with hard copy documents?

 

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