How does Hcroi compare to competitive advantage?
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| Papers (7) | Insight |
|---|---|
29 Citations | Findings The results indicate that there are four relationship patterns between competitive advantage and superior performance. |
25 Citations | This study promotes the notion of cooperative advantage as an alternative to the common emphasis on competitive advantage. |
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. |
29 Citations | In addition, this study formally introduces the relationship pattern of competitive advantage without superior performance, and the relationship pattern of superior performance without competitive advantage that until now were largely ignored by the existing literature in the field of strategic management. |
11 Citations | The latter claims that competitive advantage could lead to firm performance but many other factors might alter the relationship. |
| Distinctive approaches to studies on competitive advantage exhibit differences in their assumptions, units of analysis, and strategic implications; however, none of them can individually explain the whole concept of competitive advantage. | |
35 Citations | Different ITs are shown to impact on the sources of competitive advantage differently. |
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What the brief overview of competitive advantages?5 answersA competitive advantage in business refers to the attribute that allows an organization to outperform its competitors. This advantage can be achieved through various factors such as access to natural resources, highly skilled labor, geographic location, high entry barriers, and access to new technology. Many businesses employ Porter's triple strategies, namely differentiation, centralization, and cost leadership, to gain competitive advantages. Among these strategies, differentiation has received the highest attention. The simultaneous utilization of all three strategies is rare. The notion of competitive advantage is a fundamental issue in strategic management and is at the heart of research in this field. The dispute between Industrial Organization Economics and the Resource-Based View is also relevant to understanding competitive advantage.
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