a term popularized by Michael Porter of Harvard Business School and author of the business classic "Competitive Strategy", it is the unique blend of activities, assets, relationships, history, and market conditions that an organization exploits in order to differentiate itself from its competitors, and thus create value. View records related to this term
A widely-used term in the private sector to describe something that differentiates a company from its competitors in the same industry and makes it more likely to gain profits than the others.
Occurs when one company can make more profits selling its products or services than its competitors. It occurs because a company can charge a premium because their product or service is more valuable, or because they can sell their product for less than their competitors because they are a more efficient producer. Rational strategists always seek to establish a long term competitive advantage for their company. Many managers associate competitive advantage with the description provided in Michael Porter's Competitive Advantage (1985).
Is the identification of positions and sources of advantage that lead to desired market performance outcomes. Sources of advantage are superior skills and superior resources. Positional advantages are superior customer value and lower relative costs. Performance outcomes are satisfaction, loyalty, market share and profitability. Technological knowhow can also provide a competitive advantage and a barrier of entry to competition in some cases.
An advantage that one firm has over its competitors due to the structure of the markets in which they operate.
A competitive advantage is a clear performance differential over the competition on factors that are important to customers
Advantage gained over competitors by offering consumers greater perceived value, either through lower prices or greater benefits. In a science and research context, enablers of activity including infrastructure, centres of excellence, intellectual property, human capital and access to funding contribute to an economy's competitive advantage.
an advantage a business has over its competitors because of the quality or superiority of products or services which will persuade customers to buy from them rather than from competitors.
a clear performance differential over the competition on factors that are important to customers Competitor actions have a direct effect on the profitability of a business
an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices
The strategies, skills, knowledge, resources or competencies that differentiate a business from its competitors.
The capability (both actual and â€˜perceivedâ€™) that differentiates an organization from its competitors that allows it compete more effectively. Channel Content believe creating the processes and resources that provide an organization with the ability to both learn and translate learning into action is now the primary source of competitive advantage.
refers to something a firm can do more cheaply (a cost advantage) or uniquely (differentiation) that will provide higher margins. Competitive advantage grows fundamentally out of value a firm is able to create for its buyers that exceeds the firm's cost of creating it. Competitive advantage stems from the many discrete activities a firm performs in designing, producing, marketing, delivering, and supporting its product. Each of these activities can contribute to a firm's relative cost position and create a basis for differentiation. [Source: M. Porter] (For scoring: Competitive Advantages One, Two, and Three represent, in priority order, the three most important competitive advantages the business is attempting to create and/or sustain.)
The advantage that one business or enterprise has over another, and which makes that business relatively more profitable or viable.
is the possession of various assets and attributes (including natural resources, location, skilled workforce) which gives a competitive edge over rival suppliers.3 The term connectivity usually refers to the extent to which individuals and businesses enjoy networked computing capacity for interconnection of systems and applications.
A competitive advantage exists when there is a match between the distinctive competences of a firm and the factors critical for success within the industry that permits the firm to outperform its competitors.
A cost or service or other advantage over competitors, which normally erodes over time.
People are the source of competitive advantageâ€™. Other systems in an organization can be copied but not the people in the organization.
Something which gives one firm an edge in competing with others. Such an advantage could be the quality of its intellectual property or its ability to source high-quality, low-price raw materials or labour.
an advantage that a firm has relative to competing firms; may be in the form of intellectual property, expertise, partnerships, assets, etc.
A simple concept that can be tricky to nail down. A region may have a competitive advantage in a particular industry or industry cluster if: There is a high concentration of workers in the region with the skill sets necessary for that industry. The region is in a strategic geographical location. (e.g. central Indiana and the Logistics sector) The companies in the industry in the region are faring better economically than their counterparts in other regions. For SSI, we will use a variety of tools to try to determine competitive advantage, including Location Quotient analysis, Shift-Share analysis, employment change, wage and sales figures, and other sources.
An advantage enjoyed by a company with lower costs than a rival, enabling it to sell its products for less or make greater profits when selling them at the same price as its rival.
Related to products, an advantage over competitor products, achieved through functional benefit or end-user emotional benefit. See: Sundberg-Ferar Mission Statement, Attractive, Cost-Effective, Innovative.
Where an organisation has a commercial advantage over competitors (e.g. lower cost structure, superior quality) so achieving greater profitability through lower costs or commanding higher prices.