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Expand: date=June 2008 Competitive advantage is, in very basic words, a position a firm occupies against its competitors.

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Seth's Blog: Your competitive advantage

People are fickle, but we're generally rational. When someone makes a choice (hiring, firing, choosing a vendor, buying a ... Your competitive advantage: ...sethgodin.typepad.com/seths_blog/2008/09/your-competitiv.htm...

Competitive Advantage | DMI Blog

To make the nation more competitive we should address these issues, not take pot ... All comments, ideas and thoughts on DMI Blog are property of their authors. ...www.dmiblog.com/archives/2009/02/competitive_advantage.html

Competitive Advantage - The Human Capital approach | Eric D. Brown ...

... organization can use its human capital to create competitive advantage. I fell into the trap of using Porter's ... Also, visit Jonathon Farrington's Blog for ...ericbrown.com/competitive-advantage-the-human-capital-approa...

Competitive Advantage — Blogs, Pictures, and more on WordPress

Blog. Our Story. Advanced. Blogs about: Competitive Advantage. Featured Blog ... Small is the new big, trust is the new competitive advantage — 1 comment ...en.wordpress.com/tag/competitive-advantage/

Using Blogs as a Source of Competitive Advantage over your Ecommerce ...

How to use a Blog as a Source of Competitive Advantage to Boost Your Site Sales? ... We've found that a blog can be a great source of competitive advantage. ...blog.mindvalleylabs.com/source-of-competitive-advantage/270/

Wikipedia About Competitive Advantage

Expand: date=June 2008 Competitive advantage is, in very basic words, a position a firm occupies against its competitors.

According to Michael Porter, the three methods for creating a sustainable competitive advantage are through:

1. Cost leadership - Cost advantage occurs when a firm delivers the same services as its competitors but at a lower cost;

2. Differentiation - Differentiation advantage occurs when a firm delivers greater services for the same price of its competitors. They are collectively known as positional advantages because they denote the firm's position in its industry as a leader in either superior services or cost;

3. Focus (economics) - A focused approach requires the firm to concentrate on a narrow, exclusive competitive segment (market niche), hoping to achieve a local rather than industry wide competitive advantage. There are cost focus seekers, who aim to obtain a local cost advantage over competition and differentiation focuser, who are looking for a local difference.

Many forms of competitive advantage cannot be sustained indefinitely because the promise of economic rents invites competitors to duplicate the competitive advantage held by any one firm.

A firm possesses a sustainable competitive advantage when its value-creating processes and position have not been able to be duplicated or imitated by other firms,. Sustainable competitive advantage results, according to the resource-based view theory in the creation of above-normal (or supranormal) rents in the long run.

Analysis of competitive advantage is the subject of numerous theories of strategy, including the five forces model pioneered by Michael Porter of the Harvard Business School.

The primary factors of competitive advantage are innovation, reputation and relationships.

Competitive advantage occurs when a organisation acquires or develops an attribute or combination of attributes that allows it to outperform its competitors. These attributes can include access to natural resources, such as high grade ores or inexpensive power, or access to highly trained and skilled personnel human resources. New technologies such as robotics and information technology either to be included as a part of the product, or to assist making it.

References

Further reading

  • Competitive Advantage: Creating and Sustaining Superior Performance by Michael E. Porter
  • Creating Competitive Advantage: Give Customers a Reason to Choose You Over Your Competitors by Jaynie L. Smith

Using MIS by David M. Kroenke pages 71-77

External links

Search results for Competitive Advantage

Michael Porter (1985)

It identifies three broad generic strategies for achieving competitive advantage. ... Competitive advantage grows fundamentally out of value a firm is able to create ...www.mccombs.utexas.edu/faculty/tim.ruefli/strategy/files/Por...

Competitive Advantage (Porter) explained

Full explanation of this corporate strategic framework, where and how it can be used. ... to Competitive advantage: Cost ... Competitive advantage 3: Focus. ...www.valuebasedmanagement.net/methods_porter_competitive_adva...

Sustaining Competitive Advantage

Sustaining Competitive Advantage. By John Whonderr-Arthur ... It must be noted here that competitive advantage can normally be traced to one of three roots: ...ezinearticles.com/?Sustaining-Competitive-Advantage&id=2...

SMALL BUSINESS IMPERATIVE: IDENTIFYING & DEVELOPING COMPETITIVE ADVANTAGE

... competitive ... Developing competitive advantage becomes critical at the market ... Competitive advantage through distribution can be achieved if the ...www.sbaer.uca.edu/research/asbe/2004_fall/15.pdf

Competition - Strategy - Management Portal

Information on competition and competitive advantage on management portal ... The Ultimate Competitive Advantage: Secrets of Continually Developing a More ...www.themanager.org/Knowledgebase/Strategy/Competition.htm

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FDA approves UCB drug for rheumatoid arthritis

AP via Yahoo! NewsBelgian drugmaker UCB said Wednesday it received federal approval for an injectable drug to treat arthritis, entering a competitive market dominated by some of the largest U.S. pharmaceutical companies.http://news.yahoo.com/s/ap/20090513/ap_on_bi_ge/arthritis_dr...

Level 3 Expands Operations in Front Range

redOrbitLevel 3 Increasing Presence in Colorado; Committed to Providing Competitive Alternative for Businesses DENVER, May 14 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc.'s (Nasdaq: LVLT) Business Markets Group (BMG) today announced that it is expanding its operations along the Front Range.http://www.redorbit.com/news/technology/1689179/level_3_expa...

Regional News Stories: July 2007

WCPN ClevelandMaking Change: Promoting Regional Cooperation Posted Tuesday, July 31, 2007 The cities of Lakewood and Bedford have agreed to take advantage of a deal offered by Cleveland, aimed at promoting regional cooperation among nearly 60 communities surrounding the central city.http://www.wcpn.org/WCPN/news_archive/2007/07/

Jarrett: King County spending out of control

seattlepi.comIn what's shaping up to be a crowded and competitive race to succeed Ron Sims, state Sen. Fred Jarrett says he's offering fresh perspective from outside King County government.http://www.seattlepi.com/local/406192_jarrett14.html?source=...

Moose seizing the moment

Slam! SportsMike Keane knows better than anybody that when you get this close to winning a championship, you need to take advantage of the opportunity.http://slam.canoe.ca/Slam/Hockey/AHL/2009/05/14/9454716-sun....

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FUND VIEW-Time for stock picking as rally loses steam-DEXIA AM

Guardian UnlimitedInvestors have to go back to basics: look for companies with a competitive advantage, that can auto-finance their growth and that can pay a good dividend. They have to be much more selective now."http://www.guardian.co.uk/business/feedarticle/8507331

Study: Mich. business tax breaks may fall short

Lansing State JournalThe study put the true cost of that program at $310 million last year, but Anderson said it was effective because it “addresses an actual cost disadvantage for manufacturers,” and targets an industry for which Michigan has a competitive advantage ... http://www.lansingstatejournal.com/article/20090514/NEWS01/3...

Portland Paints Embraces Anti-microbial Tech

This Day OnlineDescribing it as "Portland's next competitive advantage," he said "microbes are found in every environment and are a natural part of everyday life. “Even in the cleanest of surroundings, microbes would begin to multiply on surfaces, with one ... http://www.thisdayonline.com/nview.php?id=143422

What the Ducks and Red Wings must do to win Game 7

CNN Sports IllustratedThis last straight-up showdown to decide what six prior games couldn't resolve promises to be the ultimate competitive scenario. Not of consequence but certainly of interest is that home ice advantage in Game 7s is a raw and real 63% win rate. More ... http://sportsillustrated.cnn.com/2009/writers/darren_eliot/0...

Predictive Analytics: Capitalize on Your Data

Newsblaze.comA core aspect of every business process is where Predictive Analytics will provide the greatest value and companies that embrace it as part of their Enterprise Decision Management strategy will have a clear competitive advantage in the market ... http://newsblaze.com/story/20090514161301001.np/topstory.htm...

Search results for Competitive Advantage

Comparative advantage - Wikipedia, the free encyclopedia

In economics, comparative advantage refers to the ability of a person or a country to produce a particular good at a lower opportunity cost than another person or country.http://en.wikipedia.org/wiki/Comparative_Advantage

Competitive Advantage (Porter)

Summary, forum, tips and full explanation of Competitive Advantage (Porter). The basis of performing above-average within an industry. - 12managehttp://www.12manage.com/methods_porter_competitive_advantage...

competitive advantage Definition

competitive advantage - definition of competitive advantage - Condition which enables a company to operate in a more efficient or otherwise higher-quality manner than the companies ... http://www.investorwords.com/998/competitive_advantage.html

SUSTAINABLE COMPETITIVE ADVANTAGE (SCA)

Your first-ever Business e-Coach: Sustainable competitive advantage allows the maintenance and improvement of the enterprise's competitive position in the market. It s an advantage ... http://www.1000ventures.com/business_guide/crosscuttings/sca...

Competitive Advantage - Building A Lasting Organization on Competitive ...

Defining your business' competitive advantage is an important step in growing your business and outlasting your competition.http://homebusiness.about.com/od/growing/a/comp_advantage.ht...

Wikipedia results for Competitive Advantage

Competitive advantage - Wikipedia, the free encyclopedia

Competitive advantage is, in very basic words, a position a firm occupies against its competitors. According to Michael Porter, the three methods for creating a sustainable ... http://en.wikipedia.org/wiki/Competitive_advantage

Comparative advantage - Wikipedia, the free encyclopedia

In economics, comparative advantage refers to the ability of a person or a country to produce a particular good at a lower opportunity cost than another person or country.http://en.wikipedia.org/wiki/Comparative_Advantage

Michael Porter - Wikipedia, the free encyclopedia

Porter, M.E. (1985) Competitive Advantage, Free Press, New York, 1985. Porter, M.E. (ed.) (1986) Competition in Global Industries, Harvard Business School Press, Boston, 1986.http://en.wikipedia.org/wiki/Michael_Porter

Resource-based view - Wikipedia, the free encyclopedia

The resource-based view (RBV) is an economic tool used to determine the strategic resources available to a firm. The fundamental principle of the RBV is that the basis for a ... http://en.wikipedia.org/wiki/Resource-Based_View

Porter generic strategies - Wikipedia, the free encyclopedia

Michael Porter has described a category scheme consisting of three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage.http://en.wikipedia.org/wiki/Porter_generic_strategies
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Answers for Competitive Advantage

jafco13Competitive Advantage?jafco13it changes everything. if someone comes with a cheaper supply chain model, then they're out of business. ie kmart before walmart came around. then it changes everything... the stores who used to be th...Info SeekerThe concept of competitive advantage is as important for non-profit organizations as it is for?Info SeekerSure. The only difference between a non-profit and a for-profit organization it that a for-profit organization has shareholders that are entitled to a share of the firm's proceeds, while a non-profit...inkaThe concept of competitive advantage is as important for non-profit organizations as it is for profit organizainkaOne has to agree, by the very definition of Competitive Advantage. When a firm sustains profits that exceed the average for its industry, the firm is said to possess a competitive advantage over its r...fozil_khodjaWhat strategy can Dell use to defend its competitive advantage in China?fozil_khodjaThe Chinese market is extremely price sensitive, and COMPUTERS have become a commodity business, as Lenovo's purchase of IBM's PC biz demonstrates. Dell's weak competences for innovation make it diffi...airsufferShould a company strategy be tightly connected to its quest for competitive advantage?airsufferWell, if it doesn't have a sustainable competitive advantage, how would you expect it to sustain it's ability to compete? This seems really self-explanatory to me. Am I missing something?
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