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Competitive advantage information


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.

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Competitive advantage

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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...

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Michael Porter

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organization can achieve competitive advantage over its rivals: cost advantage and differentiation advantage. Cost advantage is when a business provides...

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VRIO

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the competitive advantage in order to gain competitive parity (firms that create the same economic value as their rivals experience competitive parity)...

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SWOT analysis

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information for each category to make the tool useful and identify their competitive advantage. SWOT has been described as a tried-and-true tool of strategic analysis...

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Advantage

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argument structure in competitive debate Mechanical advantage, in engineering, the ratio of output force to input force on a system Advantage of terrain, in...

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Hypercompetition

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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...

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Strategic management

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questions: Will the proposed competitive advantage create Perceived Differential Value?" Will the proposed competitive advantage create something that is...

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Marketing strategy

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platforms and channels to increase its sales and achieve sustainable competitive advantage within its corresponding market. Strategic marketing emerged in...

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Customer value proposition

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battleground for competitive advantage"(Roland, L. 2013). With multiple sale strategies being enforced at once in order gain competitive advantage over rivals...

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Knowledge transfer

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creating a sustainable competitive advantage. The resource-based view (RBV) emphasizes knowledge as a main source of competitive advantage. Knowledge transfer...

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Value chain

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was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance. The idea of [Porter's...

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Enterprise resource planning

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competitive advantage. While this has happened, losses in one area are often offset by gains in other areas, increasing overall competitive advantage...

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Competitive intelligence

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Competitive intelligence (CI) is the process and forward-looking practices used in producing knowledge about the competitive environment to improve organizational...

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Competitor analysis

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knowledge of rivals offers a legitimate source of competitive advantage. The raw material of competitive advantage consists of offering superior customer value...

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Market orientation

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perspective and customer orientation perspective. Niraj Dawar argues that competitive advantage is shifting from a firm’s “upstream activities” such as sourcing...

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Competitive landscape

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of strategic competitiveness. Due to the hypercompetition of the environment, the traditional sources of getting competitive advantage does not represent...

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Corporate social responsibility

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Harvard Business Review article "Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility" provided examples of companies...

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Network effect

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payment industry through the network effect of credit cards as its competitive advantage. Till 2016, Visa's credit card market share has risen from a quarter...

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Diamond model

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Diamond or the Porter Diamond Theory of National Advantage, describes a nation's competitive advantage in the international market. In this model, four...

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Supply chain management

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activities through improved supply chain relationships to achieve a competitive advantage. In the late 1990s, "supply chain management" (SCM) rose to prominence...

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Export

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Economy. Businesses export goods and services where they have a competitive advantage. This means they are better than any other country at providing...

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Zillennials

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Kind of Diversity: Making the Different Generations on Your Team a Competitive Advantage. Simon and Schuster. ISBN 9798887100012. Retrieved 7 August 2023...

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