Business concept that an organization outperforms competition in some regard
Not to be confused with comparative advantage.
Part of a series on
Strategy
Major dimensions
Strategy • Strategic management
Military strategy
Strategic planning • Game theory
Strategic studies • Strategic thinking
Major thinkers
Michael Porter • Rita Gunther McGrath
Bruce Henderson • Gary Hamel
Candace A. Yano • C. K. Prahalad
Jim Collins • Liddell Hart
Carl von Clausewitz • Sun Tzu
Julian Corbett • Alfred Thayer Mahan
J.C. Wylie • Adrian Slywotzky
Sharon Oster • Chris Zook
Henry Mintzberg
Concepts
Business model • Competitive advantage
Value chain • Performance effects
Core competency • Generic strategies
Mission statement
Frameworks and tools
SWOT • Five forces
Balanced scorecard • Ansoff matrix
OGSM • Managerial grid model
PEST analysis • Growth–share matrix
STP • MECE principle
Business Model Canvas • Kraljic matrix
Strategic Grid Model • Strategy map • VRIO
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In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.
and 22 Related for: Competitive advantage information
In business, a competitiveadvantage is an attribute that allows an organization to outperform its competitors. A competitiveadvantage may include access...
organization can achieve competitiveadvantage over its rivals: cost advantage and differentiation advantage. Cost advantage is when a business provides...
the competitiveadvantage in order to gain competitive parity (firms that create the same economic value as their rivals experience competitive parity)...
information for each category to make the tool useful and identify their competitiveadvantage. SWOT has been described as a tried-and-true tool of strategic analysis...
argument structure in competitive debate Mechanical advantage, in engineering, the ratio of output force to input force on a system Advantage of terrain, in...
strategy by Richard D’Aveni, describes a dynamic competitive world in which no action or advantage can be sustained for long. Hypercompetition is a key...
questions: Will the proposed competitiveadvantage create Perceived Differential Value?" Will the proposed competitiveadvantage create something that is...
platforms and channels to increase its sales and achieve sustainable competitiveadvantage within its corresponding market. Strategic marketing emerged in...
battleground for competitiveadvantage"(Roland, L. 2013). With multiple sale strategies being enforced at once in order gain competitiveadvantage over rivals...
creating a sustainable competitiveadvantage. The resource-based view (RBV) emphasizes knowledge as a main source of competitiveadvantage. Knowledge transfer...
was first described by Michael Porter in his 1985 best-seller, CompetitiveAdvantage: Creating and Sustaining Superior Performance. The idea of [Porter's...
Competitive intelligence (CI) is the process and forward-looking practices used in producing knowledge about the competitive environment to improve organizational...
knowledge of rivals offers a legitimate source of competitiveadvantage. The raw material of competitiveadvantage consists of offering superior customer value...
perspective and customer orientation perspective. Niraj Dawar argues that competitiveadvantage is shifting from a firm’s “upstream activities” such as sourcing...
of strategic competitiveness. Due to the hypercompetition of the environment, the traditional sources of getting competitiveadvantage does not represent...
Harvard Business Review article "Strategy & Society: The Link between CompetitiveAdvantage and Corporate Social Responsibility" provided examples of companies...
payment industry through the network effect of credit cards as its competitiveadvantage. Till 2016, Visa's credit card market share has risen from a quarter...
Diamond or the Porter Diamond Theory of National Advantage, describes a nation's competitiveadvantage in the international market. In this model, four...
activities through improved supply chain relationships to achieve a competitiveadvantage. In the late 1990s, "supply chain management" (SCM) rose to prominence...
Economy. Businesses export goods and services where they have a competitiveadvantage. This means they are better than any other country at providing...
Kind of Diversity: Making the Different Generations on Your Team a CompetitiveAdvantage. Simon and Schuster. ISBN 9798887100012. Retrieved 7 August 2023...