Tag Archives | Competitive Advantage

Competitive Advantage

Competitive advantage refers to the ability of an organisation to formulate strategies that place it at a favourable position relative to other companies in the industry. Companies achieve competitive advantage through effectively leveraging their capabilities. A firm's capabilities include all of its physical and financial assets as well as all capabilities, competencies, organisational processes, firm attributes, information, knowledge, and so [...]

By |2020-11-07T18:17:01+05:30November 7, 2020|Competitive Advantage|Comments Off on Competitive Advantage

Sources to Gain Competitive Advantage of a Firm | Management

The evidence of researches so far made provides two major approaches to achieving competitive advantage:- 1. Market share approach, and 2. Synergy approach. Major sources of competitive advantage for each of these approaches are indicated in the diagrams next— Market Share Approach: Let us now briefly examine the sources and arguments concerning market share and implications for strategy: 1. Scale [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Firms|Comments Off on Sources to Gain Competitive Advantage of a Firm | Management
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