competitive advantage
Definition
Superiority gained by a firm when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Competitive advantage results from matching core competencies to the opportunities.
competitive advantage is in the Advertising, Marketing, & Sales, Decision Making, Problem Solving, & Strategy, Economics, Politics, & Society and Entrepreneurship, Management, & Leadership subjects.
competitive advantage appears in the definitions of the following terms:
investment strategy,
unfair competition,
breakthrough goal,
core rigidities,
low cost strategy,
time-based competition,
agile enterprise,
competency modeling,
value chain analysis,
fundamentals
and
competitive advantage appears in the other term: sustainable competitive advantage
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