How can groups and teams enhance competitive advantage?
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| Papers (17) | Insight |
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29 Citations | In addition, this study provides empirical evidence of the reasons, underpinning the relationship pattern of competitive advantage without superior performance as well as the relationship pattern of superior performance without competitive advantage. |
38 Citations | Complex competitive advantage conditions contribute indirectly to high performance outcomes. |
| This study provides understanding regarding how the type of conflict within a team can influence an individual’s team experience which can, in turn, influence that individual’s training motivation and impact future teams. | |
| Teams have an advantage in these contexts because of their superior problem-solving abilities. | |
| Therefore, team managers should enhance the latter variable within educationally diverse teams. | |
45 Citations | Argues that the ability to understand the different types of conflict and to manage it successfully will give work teams the competitive edge. |
| Implementing performance management systems following our recommendations will help orga- nizations turn teams into an inimitable and sustainable source of competitive human capital advantage. | |
| In general, the experiences of these groups suggest that this technology can be useful in supporting the search for competitive advantage. | |
| We also found that the organization of work teams has positive impacts on competitive benefits and these, in turn, on economic benefits. | |
| The paper adds to previous research on how team leadership can enhance the performance of multi-professional teams. | |
140 Citations | Performance significantly and positively influences the competitive advantage. |
| The results indicate that strategic groups achieving a significant competitive advantage can be identified and that the key variables creating competitive advantage are not stable. | |
| We show that teams that switch from competitive to cooperative reward structures demonstrate “cutthroat cooperation.” In their performance, marked by lower team decision accuracy and higher speed, they resemble competitive teams more than cooperative teams. | |
31 Citations | It can be beneficial to project teams to understand how this growth in group efficiency arises, and to be able to capture it repeatedly. |
| This study promotes the notion of cooperative advantage as an alternative to the common emphasis on competitive advantage. | |
| We find that founding teams that are diverse are likely to achieve high performance in a competitive commercialization environment. | |
| These findings which were verified by experiments suggest that groups fulfill the criteria of efficient teams. |
Related Questions
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What is the importance of competitive advantage?5 answersCompetitive advantage is important for businesses as it allows them to outperform their competitors and achieve sustainable success in the market. It enables companies to increase their value, enhance their performance, and create added value. Competitive advantage is influenced by various factors, both internal and external, such as infrastructure, business complexity, market efficiency, innovation, technology, and macroeconomics. Companies often employ strategies like differentiation, centralization, and cost leadership to gain competitive advantages. The strategy of differentiation is particularly emphasized and the simultaneous utilization of all three strategies is rare. By understanding and leveraging their competitive advantages, companies can position themselves ahead of their rivals, overcome market challenges, and ensure their competitiveness in the long run.
How can we sustain or enhance competitive advantage?2 answersTo sustain or enhance competitive advantage, firms need to focus on several key strategies. Firstly, firms should perform external and internal analysis to identify opportunities, threats, and core competencies. This analysis will help firms understand their unique strengths and areas for improvement. Secondly, firms can develop and implement strategies around their core competency, which can serve as a source of sustainable competitive advantage. This may include strategies such as low-cost leadership, quality, speed, innovation, and knowledge management. Additionally, firms can consider entering into mergers and strategic alliances to improve their competitiveness in the industry. These partnerships can help firms leverage their resources and capabilities to gain a competitive edge. Finally, firms should continuously invest in strategic assets and protect them from imitation or disruption. By focusing on these strategies, firms can sustain or enhance their competitive advantage in the marketplace.
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