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In business, a competitive advantage is the attribute that allows an organization to outperform its competitors. A competitive advantage may include access to natural resources , such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology. The term competitive advantage refers to the ability gained through attributes and resources to perform at a higher level than others in the same industry or market Christensen and Fahey , Kay , Porter cited by Chacarbaghi and Lynch , p. Competitive advantage is the leverage a business has over its competitors. This can be gained by offering clients better and greater value. Advertising products or services with lower prices or higher quality piques the interest of consumers. Target markets recognize these unique products or services.
Gaining Competitive Advantage Through Human Resource Management Video
Role of HR in Strategy Formulation and Competitive AdvantageOfficial websites use. Share sensitive information only on official, secure websites.
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