If apple can maintain consumer interest, as well as continue to maintain a higher profit margin, it may maintain the competitive advantage however, if a company, such as samsung, begins to create a higher profit margin, the advantage may shift. A competitive advantage is what makes an entity's goods or services superior to all of a customer's other choices the term is commonly used for businesses the strategies work for any organization, country, or individual in a competitive environment. To be successful, you will need to continuously maintain your competitive advantage, through pricing, product features, and marketing for example, if you are in the technology space, you need to be continually designing new products that are faster, less expensive and have more functionality.
Sustainable competitive advantage is something you do better than any other firm that's not likely to decay definition: sustainable competitive advantage sustainable competitive advantage is a lasting ability to outperform all competition in a particular area or industry. Sustainable competitive advantages generally result from a company's foundational assets, such as loyal customers, trusted suppliers or efficient operational systems all of these can be the catalyst of a competitive advantage loyal customers are, by definition, hard to steal away core supplier relationships give you trusted allies.
Overall, a sustainable competitive advantage requires value-creating products, processes, and services that cannot be matched by competitors now, and plan content to maintain that position as you scale.
Great people are always a real competitive advantage many markets, like government contracts, are especially costly and time consuming to penetrate, but if your team already has these connections, you have an immediate head start, and past leadership success suggests you can sustain the lead. Whether you’re pitching investors or launching a new product, success is more likely if you can create and communicate a sustainable competitive advantage.
The customer's always right, we're told well, sort of surely customer input is important, but sustaining competitive advantage means staying attuned not just to customer desires, but also to.