answersLogoWhite
Business Plans
Economics
Marketing Advertising and Sales

How can a firm simultaneously build and defend a competitive position?


Top Answer
User Avatar
Wiki User
Answered 2014-10-07 01:13:29

The best way to build and defend a competitive position is to ensure that the strategy of the business is kept secret. To do this, management must strategically create products and services that align, yet don't give too much information about the strategy to their competitors.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still Have Questions?

Related Questions

Why did they build the Tower of London?

to defend London


Why did they build a great wall?

to defend themselves from the other counties.


Why was the Great Wall of China was build?

To defend against invaders.


Which of the five generic competitive strategies best fits what Starbucks is doing to build a competitive advantage?

I would say focused differentiation strategy


Why was dover castle build?

To defend Dover and England from enemies in continental Europe.


Why did they have to build the Great Wall of China?

To defend China from people from the north on horse.


Why would they need to build a castle?

To defend their territory. and impose a point of power.


What did queen Elizabeth the 1 do to make sure England could defend herself from foreign attacks?

Build and manning of ships to defend England if there was an attack


Why did settlers choose A peninsula on which to build Jamestown?

Settlers choose to build jamestown on a peninsula because it was easy to defend from the Native Americans.


Why did the Normans build castles in England?

To defend themselfs against suprise rebel attacks.


Why did the US build the atomic bomb?

To defend against a possible Nazi atomic bomb!


How do I get a job at the Smithsonian?

Attaining a position at the Smithsonian Institute is like attending Yale University. This is a highly sought after position/s that are extremely competitive to get. With that said, it is very possible. Study hard, be smart, learn well, and teach others. Get a lot of experience, and volunteer your time there. Build your resume for success. It starts early.


How can you build a competitive and fast Yugioh warriors deck?

Get the warriors triumph structure deck and improve from there.


How much would it roughly cost to build a competitive swimming pool at a high school?

1p


Why did Muhammad build an army?

Prophet Muhammad (PBUH) didn't build an army. Just when feeling going to be attacked they announce for preparation to defend themselves.


Why did William build warwick castle in the position they did?

DXGFX


Why did they build Fort McHenry?

Fort McHenry was built in 1798 to defend the port of Baltimore from attack.


What build should a fly half be in rugby?

this position used to require the flyhalf to be slim build, quick of foot and agile. Now the position requires a more muscular build averaging 14 stone and approximately 6ft tall


What were castles build for?

Castles were built to defend a city or town, and to protect those housed inside. Niceguymike42


Why did William the conqurer build motte and bailey castles?

to defend his people when he had little time and few resources


Can you install Medieval Lords Build Defend Expand on Vista?

Yes. But make sure to run as Administrator.


Why did the settlers build a three sided fort instead of a four sided?

To defend themselves from to native Americans.


What are the three tests that distinguish a winning strategy?

1. The Goodness of Fit Test : A good strategy has to be well matched to industry and competitive conditions, market opportunities and threats, and other aspects of the enterprise's external environment. At the same time, it has to be tailored to the company's resource strengths and weaknesses, competencies, and competitive capabilities. 2. The Competitive Advantage Test : A good strategy leads to sustainable competitive advantage. The bigger the competitive edge that a strategy helps build, the more powerful and effective it is. 3. The Performance Test : A good strategy boosts company performance. Two kinds of performance improvements are the most telling of a strategy's caliber: gains in profitability and gains in the company's competitive strength and long-term market position.


Why is the motte and bailey castle so effective?

They were quick and easy to build and easy to defend (except against fire).


Why did William the coqurer build the Tower of London?

To defend London from attack. There is still a small military garrison there now.