■ A successful strategy requires three integrative
management tasks—analysis, formulation, and
implementation.
LO 1-2 / Define competitive advantage, sustainable
competitive advantage, competitive
disadvantage, and competitive parity.
■ Competitive advantage is always judged relative
to other competitors or the industry average.
■ To obtain a competitive advantage, a firm must
either create more value for customers while
keeping its cost comparable to competitors, or it
must provide the value equivalent to competitors
but at a lower cost.
■ A firm able to outperform competitors for prolonged
periods of time has a sustained competitive
advantage.
■ A successful strategy requires three integrativemanagement tasks—analysis, formulation, andimplementation.LO 1-2 / Define competitive advantage, sustainablecompetitive advantage, competitivedisadvantage, and competitive parity.■ Competitive advantage is always judged relativeto other competitors or the industry average.■ To obtain a competitive advantage, a firm musteither create more value for customers whilekeeping its cost comparable to competitors, or itmust provide the value equivalent to competitorsbut at a lower cost.■ A firm able to outperform competitors for prolongedperiods of time has a sustained competitiveadvantage.
การแปล กรุณารอสักครู่..