Durable Competitive Edge
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Gaining a durable competitive edge over rivals hinges mainly on:
a. The ability of a company to earn bigger profits per unit sold than rivals.
b. Management's ability to come up with a product/service that has innovative or unique features.
c. Having lower costs than rivals.
d. Building competitively valuable expertise and capabilities that rivals cannot match.
e. Having a lower price than rivals and thereby winning sales and market share away from rivals.
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d. Building competitively valuable expertise and capabilities that rivals cannot match.
Any of the answers could work to gain a competitive edge. The key word here is ...
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