How to gain a competitive advantage in business?
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103 Citations | It also revealed that small businesses can enjoy a degree of success as a result of comparative advantage in certain areas but that sustainable competitive advantage cannot occur by chance – identifying the pote... |
54 Citations | The authors demonstrate how the concept of competitive advantage can be utilized to assist retailers in today's volatile environment. |
140 Citations | Performance significantly and positively influences the competitive advantage. |
| In addition, competitive advantage also proved to significantly influence organizational performance. | |
| In addition, both forms of competitive advantage positively influence a company’s performance. | |
01 Jan 2021 27 Citations | Competitive strategies as a Strategic Competitiveness dimension has an important and positive impact on competitive advantage at a 5% level, according to the findings. |
53 Citations | Practical implications This paper offers CEOs/managers a deeper understanding of the necessary factors needed to promote competitive advantage in their firms. |
52 Citations | also show that competitive advantage is a strong mediator between financial networking and new venture performance, as well as between business networking and new venture performance, respectively. |
17 Citations | There is a strong relationship between the business models and the competitive advantage. |
Related Questions
How to create competitive advantage?4 answersCreating competitive advantage involves several key factors. Firstly, organizations need to focus on knowledge and innovation-driven approaches, where the capacity of individuals to create and modify processes is crucial. Secondly, access to valuable resources such as natural resources, skilled labor, and new technology can provide a competitive edge. Additionally, talent development and leadership play a significant role in attaining competitive advantage. Furthermore, strategic alliances can enhance competitiveness by creating unique and valuable products. By integrating these factors into their strategic plans, organizations can identify the path to achieving their objectives and promoting competitive advantage. To summarize, creating competitive advantage involves leveraging knowledge and innovation, accessing valuable resources, developing talent and leadership, and forming strategic alliances.
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