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

so lol


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.


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 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.


When was DaimlerChrysler Aerospace created?

DaimlerChrysler Aerospace was created on 1989-05-19.


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.