Importance of the Concept of Competitive Advantage

Mar 4th, 2014
Business & Finance
Price: $15 USD

Question description

Deliverable Length:600 words

You know that your team will be travelling to all of the different divisions of the corporation to assist in that division’s strategic planning. You want to impress on this young group of planners how important the concept of competitive advantage is, and why it is even more important now than it was in the past.

Discuss the following specific points:

  • In your own words, what is competitive advantage?
  • Why is it important for a company to have one or more sources of competitive advantage?
  • What are 3 examples of sources of competitive advantage for a firm in the pharmaceutical industry?
  • Why is having some competitive advantage much more important for a firm now than it was 25 years ago?

Tutor Answer

(Top Tutor) Daniel C.
School: Rice University

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Review from our student for this Answer

Mar 7th, 2014
"Excellent job"
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