Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry. Achieving competitive advantage strengthens and positions a business better within the business environment.
Read more about Competitive Advantage: Resource-based View Perspective, 1. Cost Leadership Strategy, 2. Differentiation Strategy, 3. Innovation Strategy, 4. Operational Effectiveness Strategy, 5. Customer-Orientation Strategy, Project Socrates
Famous quotes containing the words competitive and/or advantage:
“How deep is our desire to do better than our mothersto bring daughters into adulthood strong and fierce yet loving and gentle, adventurous and competitive but still nurturing and friendly, sweet yet sharp. We know as working women that we cant quite have it all, but that hasnt stopped us from wanting it all for them.”
—Anne Roiphe (20th century)
“Scientists are humantheyre as biased as any other group. But they do have one great advantage in that science is a self-correcting process.”
—Cyril Ponnamperuma (b. 1923)