Define sustainable competitive advantage? name a company that achieved a sustainable competitive advantages? identify their advantage . describe how that company maintains its advantage
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Define sustainable competitive advantage?
name a company that achieved a sustainable competitive advantages?
identify their advantage .
describe how that company maintains its advantage ?
Step by step
Solved in 3 steps
- Describe the process of building sustainable competitive advantage?outline what sustainable competitive advantage is and is it importantA company achieves sustainable competitive advantage when: Answer D) its strategy and its business model are well-matched and in sync. C) it is consistently able to achieve both its strategic and financial objectives. B) it has a profitable business model. A) an attractive number of buyers have a lasting preference for its products or services as compared to the offerings of competitors.
- Explain with an example how sustainable marketers can overcome the performance barrier to better position their products in the market.Select an organization or a company of your choice, use SWOT & PESTEL analysis tools to firstly perform an external and internal environmental analysis of the company’s business environment, and then to show the effect on the organization's operations and success.Do you believe that strategic advantages obtained by the effective use of IT are sustainable? Why or why not?
- Select and research a company from the 2019 fortune 500 list that demonstrates a sustainable competitive advantage in the market place.Make use of the VRIO framework and determine if Pfizer can develop any sustainable competitive advantages.There are four macro strategies to create and deliver value to customers and that can help a firm to develop a sustainable competitive advantage. Think of a company from the local market who you are very loyal to in many categories like (food, electronics, personal care etc.). Is it the product, location, operation, or customer excellence that you are loyal to that firm? Critically examine.