Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
You are an analyst at a company that is organizationally poised to exploit a resource. You have identified a resource that is valuable, rare and inimitable. Your boss concludes that this resource must be a source of competitive advantage. Is your boss right?
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In a company, a competitive advantage is a characteristic that allows an association to beat its rivals. A competitive advantage may incorporate access to resouces, for example, high-grade minerals or a minimal expense power source, exceptionally talented labor, geographic location, high passage barriers, and access to new innovation.
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