Competitive advantage is an advantage of an entity over other entity in a business or market. This edge of one entity over other may occur due to many reasons like having efficient technology , low cost resources/inputs,first mover advantage and special treatment by legal entities.
In the long run the competition advantage cant be hold because the others firms will enter the market until the advantage is reduced to 0.
GDP is Gross Domestic Product which is the market value of the goods final goods produced in a country in an year whereas GNP is Gross National Product which is the GDP+ net income from foreign investments.
What is competitive advantage? How you can get it? How you can hold for long the...
What variable(s) determine how long the competitive advantage period is for a company or product?
You and your friend get into an argument about how long the average adult can hold their breath. She claims it is 90 seconds. You disagree insisting that it must be less than that. You decide to sample 20 of your other friends to find out. The mean of this sample is 80 seconds with a standard deviation about 15 second You decide to use the following hypotheses, where μ represents the mean time a person can hold their breath...
Can you think of a company which has a distinctive competitive advantage (CA)? What is this CA and do you think this CA is sustainable - in other words, can it be easily imitated by other firms in the long run? - why or why not?
What is the relationship between innovation and competitive advantage? What role can top management play in helping a company achieve superior efficiency, quality, innovation, and responsiveness to customers?
What do you think is the difference between a strength, a competitive advantage, and a sustainable competitive advantage?
How can diversity create a competitive advantage for a firm? Use an organization which you know or researched as an example in your answer.
3. How can SHRM confer competitive advantage on organizations?
Can you identify the core competencies of Colgate-Palmolive? Do they currently contribute to a competitive advantage? If no what changes can your company make to establish a competitive advantage?
How can the relationship between organizational structure and business information systems give companies a competitive advantage?
how do we get different outcomes in the short-run and long-run in the perfectly competitive market of agriculture?