Competitive Advantage

Competitive Advantage competitive advantage Competitive advantage is created by using resources and capabilities to achieve either a lower cost structure or a differentiated product A firm positions competitive advantage Businesses that establish a competitive advantage demonstrate superior performance over their competitors, allowing them to expand their

competitive advantage To sustain competitive advantage, companies need to continuously innovate, invest in research and development, and stay attuned to market trends

competitive advantage 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, Six ways to develop your competitive advantage · 1 Become an online influencer · 2 Speak at events in your industry · 3 Niche down · 4