Define competitive advantage. How do companies go about finding their competitive advantage?
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Define competitive advantage. How do companies go about finding their competitive advantage?
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Check out a sample Q&A here- How can an organization make its competitive advantages sustainable over time?What is competitive advantage?In examining the competitive dynamics within an industry, we discussed the need to first ascertain “the extent to which a company is a strong competitor” and the three (3) drivers of competitive behaviour. You are required to explain the two elements or basis used to determine the extent of competition from another company in the same industry and further explain the three (3)) drivers of competitive behaviour.
- Compare the evolving company orientations used to adapt to the fast-changing competitive environment. Is there one orientation that companies should be following?What is the relevance of the resources and capabilities of an organization in enabling competitive advantage?What does it mean for a firm to have a competitive advantage? What gives a firm a competitive advantage?