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 What are the common sources of a company’s competitive advantage? Do you think that it would...

 What are the common sources of a company’s competitive advantage? Do you think that it would be better for a company to concentrate on one source or on more than one? Explain why. Answer using a company as an example.

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Answer #1

Common Sources of competitive advantage for the company are,

  • Manufacturing Efficiency
  • Pricing
  • Learning Curve of Labors/Employees
  • Geographical Location
  • Good Leadership

Yes. It would be better for a company to concentrate on more than one source to gain absolute competitive advantage. If the company has more resources valuable, rare and variety, then achieving competitive advantage is easier.

Eg:- Walmart Retail.

It gains competitive advantage by opening stores at the right geographical locations, pricing as lower through procurement optimization, using technology to understand the demand and so on. Hence it gains the competitive advantage.

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