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Q: Why is competitive advantage important for a business to establish one?
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Why is it important for a small business to establish competitive advantage?

so lol


How do E-business and IT help organizations in achieving sustainable competitive advantage?

e-business and IT help organizations in achieving sustainable competitive advantage?


What does competitive advantage have to do with business process analysis?

Examining your business processes to ensure that they are efficient will help you get a competitive edge. The faster your machines are able to produce products, the faster consumers will have them; this gives the business a competitive advantage.


How can an entrepreneur give his or her firm a competitive advantage?

An entrepreneur can give his or her firm a competitive advantage by attempting to establish a unique image for their company. This unique image will help set the entrepreneur's business apart from their competition, thus driving more sales to their company over their competitors'.


What is competitive advantaged?

Competitive advantage is a term given to any factors that helps a business succeed over its rivals. If a business has a better location than another rival business, that would be a competitive advantage. Another example of competitive advantage might be the company's products versus a rival's products or a company's total market share.


Describe 5 ways in which globalization has affected a business in their effort to create a competitive advantage?

Describe 5 ways in which globalization has affected a business in their effoet to create a competitive advantage.


Competitive advantage of nations and its implications of implications on international business?

When businesses have a competitive advantage, then others will look to them to perform the work in international business. This will help improve the economies of developing nations.


How can you describe four trends in the global business environment that have made information systems so important?

It helps company to gain a competitive advantage


Fundamental success drivers of competitive advantage?

business level strategy


Do you agree with the argument made by the business leaders in this case in support of the competitive advantage that IT can provide to a business?

no


What are the sources of the firm's market power?

The source of a firm's market power is its competitive advantage. When a business has a competitive advantage they can use that to make significant changes in the industry.


What are competitive priorities?

Competitive properties is a term in business that describes three strategies that businesses use to get a competitive advantage. These ideas are cost leadership, differentiation, and focus strategy.