Difference between revisions of "Competitive advantage"
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[[Competitive advantage]] is the leverage that a business has over its competitors. This can be gained by offering clients better and greater value, 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. | [[Competitive advantage]] is the leverage that a business has over its competitors. This can be gained by offering clients better and greater value, 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. | ||
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| + | ==Definition== | ||
| + | According to [[Management by Robbins and Coulter (14th edition)]], | ||
| + | :[[Competitive advantage]]. What sets an organization apart; its distinctive edge. | ||
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==Related lectures== | ==Related lectures== | ||
*[[Enterprise Architecture Quarter]]. | *[[Enterprise Architecture Quarter]]. | ||
| − | [[Category: Septem Artes Administrativi]][[Category: Articles]] | + | [[Category:Management]][[Category: Septem Artes Administrativi]][[Category: Articles]] |
Revision as of 10:40, 2 June 2020
Competitive advantage is the leverage that a business has over its competitors. This can be gained by offering clients better and greater value, 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.
Definition
According to Management by Robbins and Coulter (14th edition),
- Competitive advantage. What sets an organization apart; its distinctive edge.
