Please do correct me if i am wrong, Dual Competitive Advantage is when a company enjoys advantages over other competitors in terns of location, easy access of costumers and services. Upvote (2) Downvote (0) Reply (0) Answer added by Vinod Jetley, Assistant General Manager, State Bank of India.
Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.
Having rarity in a firm can lead to competitive advantage. Rarity is when a firm has a valuable resource or capability that is absolutely unique among a set of current and potential competitors. How to determine if the company's resource is rare and creates competitive advantage?
Product differentiation refers to the effort of organizations to offer a unique value proposition to consumers. Typically, companies that manage to differentiate their products from the competition are gaining a competitive edge, thereby realizing higher profits.
Trust can be destroyed by a cyberattack. To maintain or restore trust, cyber strategies must protect, optimize and enable an organization. N ew technologies are exposing financial services firms to greater vulnerabilities. While cybersecurity is enabling innovation and change, the ongoing impact of cyberattacks threatens to erode trust in many institutions.
While software and services help with retention, they don't create a real competitive advantage to help Square attract customers over Shopify, Intuit, or any other competitors.
Definition of competitive in the Definitions.net dictionary. Meaning of competitive. What does competitive mean? Information and translations of competitive in the most comprehensive dictionary definitions resource on the web.
Furthering your education is a great way of improving your employment prospects. Economic downturns are normally a boom for educational institutions as job applicants return to school to get a competitive advantage. Have you been meaning to finish your undergraduate studies?