Competitive Advantage

competitive advantage  The most effective way to navigate competition is through maintaining a competitive advantage In doing so, businesses set themselves apart and There are eight main sources of sustainable competitive advantage, including Brand Loyalty, Location, Scale, Intellectual Property, Innovation, Proprietary

Once a potential competitive advantage is identified, find out how rare it is The easier it is to replicate, the faster competition catches up Sometimes the A competitive advantage can be derived from a variety of sources, including cost advantages, innovation advantages, and customer loyalty

Competitive advantage refers to the attributes that allow a company to outperform its competitors These advantages can include access to natural resources, A company can effectively gain a competitive advantage in one of two ways; by reducing its own costs and by adding more value to its products or