What is Competitive advantage

An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. Learn more in: Optimal Motivation and Governance of Education Agents: International Student Recruitment

The advantage over competitors gained by offering greater customer value within the market, either by offering lower prices, high benefits, or other premium qualities/features that justify the higher prices. Learn more in: Assessing the Competitiveness of Sri Lanka's Tourism in the COVID Period by Porter's Diamond Model

The capacity of an organization to outperform other rivals by producing defensible position. Learn more in: Business Successes of Malaysian Housing Developers

A firm’s ability to outperform its rivals, developing a product (tangible asset) or implementing a strategy (intangible asset) they are unable to duplicate or it would cost them too much to just imitate it. A competitive advantage cannot last forever, and for that reason innovation is crucial for the organization. Learn more in: Can Tacit Knowledge be Shared on Cloud?: An Opportunity for Viability From PBL

A condition or circumstance that puts a company in a favourable or superior business position. Learn more in: Artificial Intelligence as Driver for SME Competitiveness

The competitive advantage is a strategy of everything that will stand out from your competitors which will provides a unique authority according to competitors: for instance, it may be the quality of company’s product or service, may be a feature that cannot be copied or differentiated from company, or it may be brand reliability, recognition or price. Learn more in: Integrating Performance Measurement Systems Into the Global Lean and Sustainable Construction Supply Chain Management: Enhancing Sustainability Performance of the Construction Industry

An attribute which allows an organisation to outperform its rivals Learn more in: Current Trends in Human Capital Formation

In a given market, a firm achieves a competitive advantage whenever it sustainably outperforms over its competitors. Learn more in: Acquiring Competitive Advantage through Effective Knowledge Sharing

An element that renders business superiority over its competitors such as a team of unique talent, a cutting-edge technology, and a special geographical location. This superiority enables the business a better chance of winning in a competition. Learn more in: Best “Experience” Practices in Medical Tourism

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A competitive advantage is any characteristic of a company, country or person that differentiates it from others, placing it in a superior relative position to compete. Learn more in: Strategic Greening and Social Responsibility of Organizational Development

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The ability to generate greater value for an organization, shareholders, and stakeholders than competitors. Learn more in: Opening Closed Business Ecosystem Boundaries With Digital Platforms: Empirical Case of a Port

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Based on the strategies of broad cost leadership, broad differentiation, cost focus and differentiation focus. Learn more in: Assessing the Relationship Between Brand Image, Market Orientation, and Competitive Advantage

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A condition or circumstance that puts a company in a favourable or superior business position. Learn more in: Competitive Edge Building in Business: An Approach Through Ethical Marketing Practices

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A competitive advantage is the attribute that allows an organization to outperform its competitors. Learn more in: Disruptive Innovations: A Mechanism for Achieving Business Distinction in the Hospitality Industry

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It refers to a company's ability to outperform competitors as a result of unique and superior quality products or services delivery. It can also be said to be that which makes a firm's goods or services superior compared to of other choices. Learn more in: Corporate Social Responsibility: Strategy for Boosting Brand Perception and Competitive Advantage

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It is the ability of a firm to add value to products or services. This additional value cannot be imitated by other firms. This should produce the widest possible wedge between a customer willingness to pay and a supplier opportunity cost. Learn more in: Generating Competitive Advantages for the Polytechnic Universities in Mexico

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Creating value for customers and doing it better than competition. Learn more in: Contributions of Entrepreneurial Orientation to Competitive Advantage: The Portuguese Experience of the Textile SMEs

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This describes the ability of a company to stand out from other companies or industrial sectors through a set of techniques or skills. Product or service innovation is usually the most common mechanism used in this context. Competitive advantages often cannot be maintained over the long term because markets are constantly changing, and companies must be alert to these changes. Learn more in: Smart Tools for Tracing Organizational Competitive Behavior on Fast Decision Making

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A firm’s having strong competition power in the market through using its skills and valuable resources. Learn more in: An Entrepreneur Sees the Reward: The Importance of Intellectual Capital and Corporate Social Responsibility in a Company

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A condition that puts a company in favorable position relative to its competitors. Learn more in: Strategic Value Creation in a Supply Chain

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A competitive advantage is defined as the ability of a business entity to serve or produce something in a preferred manner and more effectively than competitors, resulting in higher brand value and profit margins. Learn more in: Modern Talent Management: Theoretical Framework

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An advantage that firms have over their competitors, allowing them to generate greater sales or margins and/or retain more customers than their competition. There can be many types of competitive advantages including knowledge, skills, structure, product offerings, distribution network, and support. Learn more in: Post-Pandemic Restorative Talent Management Strategy for SME Development

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An advantage that firms has over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. There can be many types of competitive advantages including the knowledge, skills, structure, product offerings, distribution network, and support. Learn more in: ICT Adoption Cordons in SMEs for Competitive Advantage

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For the purpose of this chapter, the concept of competitive advantage as proposed by Porter in his 1985 work has been used as the basis. Porter describes three different ways that companies can use for competitive advantage: cost leadership, differentiation, and focus. Learn more in: Impact of Social Media Readiness on Social Media Usage and Competitive Advantage

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The notion is linked with factors that support the organization’s leading position in the competitive environment. Learn more in: Talent Management: Retaining Distinctive Human Capital Sustainably

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A competitive advantage is the unique ability of a firm to utilize its resources effectively, managing to improve customer value and position itself ahead of the competition. In other words, it’s something that a company does better than its competitors because of some proprietary process, service, or brand. Learn more in: Social Media: Concept, Role, Categories, Trends, Social Media and AI, Impact on Youth, Careers, Recommendations

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A specific type of advantage possessed by a firm over its competitors. Its durability determines the firm’s resilience. Learn more in: Competitive Advantage, Open Innovation, and Dynamic Capabilities: Is Sanofi Employing an Open Innovation Strategy?

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A characteristic of an organization which allows it to differentiate from the competition (e.g. cost of products, quality, etc.). Learn more in: Operational Challenges in Hybrid Organizations: Insights for Future Research

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It is the distinct way a business or firm is positioned in the market in order to obtain an advantage over competitors, which means an ability to maintain sustained levels of profitability above the industry average. Learn more in: Converged Networks and Seamless Mobility: Lessons from Experience

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Is the unique strength possessed by a particular company through continuous improvement, new innovation, value generation and also understanding on the market demand. Learn more in: Green Supply Chain Management in Malaysia Service Industry

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The ability to have or potential to earn higher profit or success than competitors. Learn more in: That's So Last Season!: An Exploratory Study on Information Technology as Fashion

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Particular factors that enable a freelancer to win bids for work against other freelancers. Learn more in: “Generous” and “Stingy” Advice Sharing Among Peer Freelancers in Professional and Creative Project Work Considering Competitive Advantage

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A condition to have an edge on your competitors. Learn more in: Branding Through Online Social Networks: Impacts on Export Markets

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Condition which enables a company to operate in a more efficient or otherwise higher-quality manner than the companies it competes with, and which results in benefits accruing to that company. Learn more in: Consumerism, Market Analysis and Impact on Business Plan Definition

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An advantage that a firm has over its competitors, allowing it to generate greater margins and/or retain more customers than its competitors. Learn more in: Sustainable Competitive Advantage With the Balanced Scorecard Approach

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A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge the higher prices by providing the greater value through differentiation. Learn more in: The Importance of Electronic Commerce in Modern Business

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It allows a company to create a unique selling point, produce goods or services efficiently in a cost-effective manner to gain customer admiration and stay ahead of its rivals. Learn more in: Ascertaining the Interest of Women to Drive Innovation Through Entrepreneurship Post-Pandemic: A Research Study in the United Arab Emirates (UAE)

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A resource, competence, or ability that a company has regarding its competition and that gives it a strategic superiority. Learn more in: Impact of Tacit Knowledge on Tourist Loyalty: Some Evidence From Rural Tourism

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A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Learn more in: The Roles of Knowledge Management and Organizational Innovation in Global Business

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Competitive advantage is the ability for an entity to hold a strategy, process, or product that enables them to be superior to their competitors. Learn more in: Leadership in FinTech: Authentic Leaders as Enablers of Innovation and Competitiveness in Financial Technology Firms

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A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Learn more in: Fostering Supply Chain Management in Global Business

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Competitive advantages enables companies to gain a superior and therefore advantageous position than their competitors in the marketplace. Learn more in: Employer Branding in the Digital Era

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A situation for a firm, being more successful than its competitors. Learn more in: Business Literacy Education in the Digital Age

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A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Learn more in: Harnessing Externalities to Enhance Competitiveness in an Industrial Cluster: Experiences in a South African Cluster

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Differential factor, unique aspect of a company that leads to being competitive. Learn more in: Strategy From Human Talent

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A term coined by Michael Porter that means an advantage over competitors measured by profits that exceed the average for the industry. This advantage could take the form of a cost advantage (for example, producing goods at a lower cost because of streamlined business processes) or differentiation (for example, excellent customer service). Learn more in: Working Anywhere Management Opportunities and Challenges

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Is the advantage a firm has over its competitors, which allows the firms to outperform its competitors and thus generate more revenues. The firm with a competitive advantage has an edge over the rivals, which is based on unique resources or capabilities, which allow it to generate more value to the shareholders. The main sources of competitive advantage may be patents, strong distribution network, innovative culture, stronger new product development capabilities, cost-efficient production systems, etc. Learn more in: Strategic Groups in the Portuguese Banking Industry: An Analysis of the 2008-2010 Period

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Superior characteristic versus competition, which customers values and is willing to pay for it. Learn more in: Green Practices in Supply Chain Management to Improve Sustainable Performance

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When an organization possesses some advantage over its rivals in a given sector or market, making it more profitable or sustainable than other organizations. Learn more in: Learning Organizations: Connections between Diversity and Innovation

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A superiority gained by an organization when it can provide the same value as its competitors. Learn more in: The Role of Electronic Commerce in the Global Business Environments

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An attribute or a set of factors that allow an organization to outperform its competitors. Learn more in: On Sustainable Entrepreneurship: Can Resource Efficiency Be an Economic Opportunity for Small and Medium Enterprises?

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Refers to an advantage market position gained by the firm over its competitors, which would yield to superior performance (Hunt and Morgan, 1995 AU49: The in-text citation "Hunt and Morgan, 1995" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ). Learn more in: Explaining the Firm's De-Internationalization Process by Using Resource-Based View

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The advantage that the company achieves in relation to its competitors by offering similar products/services at a lower price or higher value and quality. Learn more in: The Importance of Employment Injury Insurance and Protection in Managing Occupational Safety and Health of the Workforce

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The methods that can be used to put the universities a head of their competitors. Learn more in: Internationalization of Higher Education Institutions in North Cyprus

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A position that enables a firm to provide goods and services superior to its customer’s other choices. Learn more in: The Blue Economy and Its Long-Term Competitive Advantage: An Examination of China's Coastal Tourism

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An advantage that a firm has over its competitors, allowing it to generate greater-than-expected value from the resources it employs. Thus, competitive advantage means having low costs, differentiation advantage, or a successful focus strategy. Learn more in: Sustainability and Competitive Advantage: A Case of Patagonia's Sustainability-Driven Innovation and Shared Value

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A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Learn more in: Implementing Electronic Commerce in Global Marketing

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This refers to what makes a university’s service offering superior to its competitors. Learn more in: Service Quality Imperative for Quality Assurance in Higher Education: A Case Study

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Whereby the company has a resource advantage over the competition to enable it to be sustainably profitable. Learn more in: Drucker and Porter on Management and Analysis

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The ability gained through attributes and resources to perform at a higher level than others in the same industry or market. Learn more in: Acquiring Competitive Advantage through Business Intelligence

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An organizational capability to perform in one or many ways that competitors find difficult to reproduce now and in the future. Learn more in: Firm's Competitive Growth in the Social Media Age

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Strategic business position of a company that made specific features to the company from its competitors. Learn more in: Sustainability Strategies for Developing SMEs and Entrepreneurship

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Favorable position an organization seeks in order to outperform its rivals. Learn more in: Knowledge Spillovers and Strategic Entrepreneurship Revisited: A Review

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An advantage that firms have over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. There can be many types of competitive advantages including the knowledge, skills, structure, product offerings, distribution network, and support. Learn more in: Factors Creating Competitive Advantage for Family-Owned Business

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Considered strategic resources, including six dimensions: reputational resources; access to financial resources; human resources; cultural resources; relational resources; and informational resources. Learn more in: Impact of Open Innovation on the Competitive Advantage of Hospitality Sector SMEs

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A condition that puts a company in a superior business condition compared to its competitors. Learn more in: The Role of Market Orientation and Organizational Capabilities of Family Businesses on Competitive Advantage

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An advantage that firms has over its competitors, allowing it to generate greater sales or margins and/or retain more customers than its competition. There can be many types of competitive advantages including the knowledge, skills, structure, product offerings, distribution network and support. Learn more in: Student-Faculty Joint Research as a Strategic Alliance for Knowledge Co-Creation in Academia

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A company's ability to obtain a better position in the market in which it operates, to defend itself against its competitors and also maintain its customers. It is the quality possessed by the company and its products so that in the same context, consumers or customers decide to select this company among the other potential options. Learn more in: Impact of Management Automation on the Processing of Business Information

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Any advantage that a company has over its competitors, allowing it to generate greater performance than them. In the context of this chapter CSR has been presented as a source of competitive advantages giving a firm an edge over its rivals and an ability to generate greater value for their stakeholders. Learn more in: Clusters as Entrepreneurial Ecosystems for Corporate Social Responsibility in SMEs

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A unique position that a nation, region, or firm develops in comparison with its competitors. Learn more in: Social Innovation as Driver of Regional Competitiveness: A Conceptual Framework

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The ability of a firm to systematically achieve above-normal performance. Learn more in: The Business Value of E-Collaboration: A Conceptual Framework

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Is a condition or circumstance that puts a company in a favorable or superior business position. Learn more in: Leadership and Strategic Decision Making Under Exogenous Shocks Such as COVID-19

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A favorable business condition that allows outperforming the competitors. Learn more in: The Influence of Social Media Management on Firms' Competitiveness

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a better position on the market related to the competitors. Learn more in: Corporate Social Responsibility: Benefits and Costs of Its Implementation

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It is a specific condition and a situation during the development phase of a region, which places regions to be in a very promising circumstances to manage their difficulties and gain a favorable business position. Learn more in: Smart Specialization Strategy: Does It Really Foster Regional Competitiveness? Smart Specialization and Regional Competitiveness

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A competitive advantage comes from providing greater value and services for customers than competitors can. Learn more in: Human Capital Development

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An advantage that places a firm ahead of its competitors by offering customers greater value in the form of lower prices or by providing additional benefits and service. Learn more in: From Competitive Agility to Competitive Leapfrogging: Responding to the Fast Pace of Change

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A superiority gained by an organization when it can provide the same value as its competitors but at a lower price, or can charge higher prices by providing greater value through differentiation. Learn more in: The Roles of International Entrepreneurship and Organizational Innovation in SMEs

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A concept that causes superior performance of a nation, an institution, an individual or an organization compared to its competitors. Learn more in: Employment in Innovation Performance: Comparison of Turkey and EU Countries

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The attribute that allows an organization to outperform its competitors. A competitive advantage may include access to natural resources, highly skilled labor, geographic location, high entry barriers, and access to new technology. Learn more in: Cultural Indoctrination and Open Innovation in Human Creativity

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A positive, relative position held by a firm as compared with competitors within a market or industry (Cepeda-Carrión, 2006). Learn more in: Conceptual Model for Corporate Universities

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This is a position a firm occupies against its competitors, allowing it to earn revenues higher than costs, including cost of capital. Learn more in: Economic Incentives and the Knowledge Economy

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Also known as organization’s sustains profits that exceed the average said to possess competitive advantage. Similar to a competitive advantage is an advantage over competitiors by offering consumers greater value either by means of lower prices or by providing greater benefits associated in the manuscript with: competitive advantage through ERP Learn more in: Enterprise Resource Planning Systems: Effects and Strategic Perspectives in Organizations

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A business or organization that has an identifiable and favorable advantage over another business or organization of a similar caliber based on its processes, techniques, or operating procedures. Learn more in: Uses, Applications, and Benefits of Virtual Reality Technologies in E-Business

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A competitive advantage is any characteristic of a company, country or person that differentiates it from others, placing it in a relative superior position to compete. That is, any attribute that makes it more competitive than the others. Learn more in: Strategic Analysis of the Rise and Fall of UBER in the Private Urban Transport Business: Evidence From the Metropolitan Area of Guadalajara

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An advantage a firm gets over competitors in the same industry by offering consumers greater value, either by means of lower prices, greater benefits, or service. Learn more in: Organizational Learning and Competitive Advantage

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The phenomena of competitive advantage have been added in the modern marketing approaches developed by Philip Kotler. It has been aimed to provide businesses the opportunity to increase their competitiveness in terms of the market performance in terms of its sales and its product presence in the marketplace. Learn more in: Supply Chain Resilience in Service Organizations: A Case Study of Kohinoor Hospital, Kurla, Mumbai

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Based on the strategies of broad cost leadership, broad differentiation, cost focus, and differentiation focus. Learn more in: Linking Intangible Resources and Competitive Advantage

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Firms develop competitive advantages by implementing strategies that exploit their internal strengths, through responding to environmental opportunities, while neutralizing external threats and avoiding internal weaknesses. Learn more in: Competitive Advantage Development in Family Firms by Transforming Entrepreneurial Orientation Into CSR: Evidence From Spain

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Refers to a firm’s ability to create economic values over its rivals by providing similar benefits at a lower cost or delivering benefits that exceed the competitive products. Learn more in: Business Intelligence

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A state of affairs or set of circumstances that places an organization in a more advantageous or dominant position in the marketplace. Learn more in: Strategic Human Resource Management: Shaping Human Capital Development and Creative Work Behavior

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Conditions that enable a business to produce a good or service of equal value at a lower price or more desirable than its competitors. Learn more in: Suggestions for SMEs as They Emerge From Crisis Periods

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Characteristics of the organization that distinguishes it from its competitive peers. Learn more in: Applying Diversity-Intelligent Organizational Strategies for Competitive Advantage

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An advantage that arises from internally developed core competences or distinctive capabilities based on knowledge developed through organizational learning. It depends on the behavior of the organization rather than its competitive environment. Learn more in: Understanding Human Resources Needs in Tourism: A Competittive Advantage

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