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Sustained competitive advantage refers to a company's ability to maintain superior performance over its competitors over an extended period. This advantage arises from unique resources, capabilities, or positioning that competitors cannot easily replicate or overcome. It enables a firm to achieve higher profitability, market share, or customer loyalty consistently. Successful examples often include strong brand identity, proprietary technology, or exclusive access to distribution channels.
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How do E-business and IT help organizations in achieving sustainable competitive advantage?
e-business and IT help organizations in achieving sustainable competitive advantage?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
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.
How companies differentiate and position their product for maximum competitive advantage?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
What is the difference between core competency and competitive advantage?
core competence is one which critically underpins the organisation's competitive advantage. Companies can differentiate themselves from their competitors with specific core competencies, but often not for long. The differentiation is difficult to sustain and can often be imitated by competitors. Whilst a core competence is a source of competitive advantage, not all competitive advantages arise from core competencies.
When a company determines a competency's competitive advantage Barney refers to this issue as?
When a company determines a competency's competitive advantage, Barney refers to this issue as the "VRIO framework." This framework assesses whether a resource or capability is Valuable, Rare, Inimitable, and Organized to capture value. If a competency meets these criteria, it can be a source of sustained competitive advantage for the firm.
How recruitment and selection process maintain a sustained competitive advantage?
Recruitment and selection is the process of outfitting an organization with the right people. When the human resource department focuses on attracting and retaining people who have the skills necessary to carry out the strategic objectives of the organization, then the organization will have a competitive advantage over their competition.
Where does competitive advantage come from?
Competitive advantage can come from products, employees and operations. When a firm has a competitive advantage, they are able to operate as a leader within their industry.
Why is not adequate to simply obtain competitive advantage?
Simply obtaining a competitive advantage is not adequate because it must be sustained over time to ensure long-term success. Markets are dynamic, and competitors can quickly replicate or innovate beyond current advantages. Additionally, a focus solely on competitive advantage can lead to neglecting other critical factors such as customer satisfaction, employee engagement, and adaptability, which are essential for overall business resilience and growth. Therefore, organizations should strive for a holistic approach that balances competitive advantage with these other vital elements.
What is the Competitive advantage of GM?
Differentiation advantage
What does competitive advantage mean and what is one means of identifying?
A competitive advantage is something that allows one company to outperform competitors. One way to identify a competitive advantage is comparing profits. If one competitor has higher average profits, then it has some kind of competitive advantage.
What is mean by fit drives both competitive advantage and sustainability?
fit drives both competitive advantage and sustainability?
What does competitive advantage have to do with strategic planning?
Competitive Advantage is vital to Strategic planning. Strategic planning identifies strengths and weaknesses and visions and missions for the future. Competitive advantage relys on the benefits of the companies strengths and act upon them to turn them into competitive advantage. Other firms can't duplicate strategy or competivness that they don't have.
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 is Pepsi's competitive advantage?
According to statistics, in 2010, Pepsi had 11.5% of the global soft drink market.
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
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.
