Question

Based on the E-entrepreneurship concept. How to overcome or control the issue of 'sustaining competitive advantage'?

Based on the E-entrepreneurship concept. How to overcome or control the issue of 'sustaining competitive advantage'?

Homework Answers

Answer #1

Steps to overcome or control the issue of sustainable competitive advantage are as follows

  1. Know the market and its sections. Watch for the niches that aren’t well maintained by adversaries and can be effectively targeted and marketed to.
  2. Acquire an intelligence of what consumers actually need and build a value proposition that grasps their consciousness.
  3. Control the important tasks that you require to do extraordinarily great to help and deliver the value proposition.
  4. Know what your strengths and core competencies are and how you can use those in innovative means to present value to your determined market.
  5. Design your business model to promote and deliver the value proposition.

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