Competitive Advantage

AKA: Competitive Strength.
Context:
- It can range from being a Sustainable Competitive Advantage to being an Unsustainable Competitive Advantage.
- …
Example(s):
- Distribution Network: Developing an extensive, efficient distribution network; expanding reach, improving delivery.
- Cost Structure / Cost Leadership: Offering competitive prices typically by achieving lower production costs.
- Product Offering / Product Differentiation: Creating unique, innovative products which can attract loyal customers.
- Brand Reputation: Building a strong, recognizable brand identity which can foster loyalty and trust.
- Technological Innovation: Producing advanced, cutting-edge Organizational Products.
- Customer Support / Customer Service: Providing exceptional, responsive customer support, enhancing satisfaction and loyalty.
- Apple's Competitive Advantage, such as: Brand Loyalty, Innovative products, and Seamless Ecosystem.
- Amazon's Competitive Advantage, such as: Vast Product Offerings, Efficient Supply Chain, and Exceptional Customer Service.
- Coca-Cola's Competitive Advantage, such as: Brand Recognition, [[Global Distribution Network, and Marketing Strategy.
- …
Counter-Example(s):
- Competitive Weakness.
See: Business Capability, Natural Resources, Economic Competition, Cognitive Technology, Core Competency.

References

(Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/competitive_advantage Retrieved:2023-5-5.
- In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
  A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.

http://www.investopedia.com/terms/c/competitive_advantage.asp
- QUOTE: An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. There can be many types of competitive advantages including the firm's cost structure, product offerings, distribution network and customer support.

(Christensen, 2001) ⇒ C.M. Christensen. (2001). “The Past and Future of Competitive Advantage.” In: MIT Sloan Management Review.

(Christensen, 2001) ⇒ C.M. Christensen. (2001). “The Past and Future of Competitive Advantage.” In: MIT Sloan Management Review.
- NOTE: This essay examines how sources of competitive advantage are perceived differently over time, with the author mentioning various strategies historically viewed as advantageous. It calls for a deeper analysis beyond mere imitation to understand why and under what conditions these practices lead to advantage, thereby facilitating more accurate predictions about the evolution of competitive advantages and the emergence of new ones. The insights draw upon the author's work on disruptive innovation.

(Barney, 1995) ⇒ Jay B. Barney. (1995). “Looking Inside for Competitive Advantage.” In: Academy of Management Perspectives.
- NOTE: It investigates the sources of competitive advantage within firms and argues that certain types of organizations are more likely to gain competitive advantages, leading to sustained competitive edge.

(Warr, 1994) ⇒ Peter G. Warr. (1994). “Comparative and Competitive Advantage.” In: Asian-Pacific Economic Literature.
- NOTE: It addresses the distinctions and linkages between comparative advantages based on factor endowments and competitive advantage pertinent to the development of successful differentiated products.

(Porter, 1985) ⇒ Michael E. Porter. (1985). “Technology and Competitive Advantage.” In: Journal of Business Strategy.
- NOTE: It explores the profound impact of rapid technological change in information systems on competition and elucidates how such changes affect competitive advantages due to the pivotal role of information.