The basis for a company's competitive advantage lies mainly in the application of group essay
Cost leadership is one of the generic competitive strategies identified by Michael Porter in his book Competitive Strategy. Key elements. The cost leadership strategy includes several key elements: Conclusions: The concept of competitive advantages is often used for analysis purposes. above-average results of companies in a competitive market. Anyway, today's changes. Historically, the term 'sustainable competitive advantage' described a company's superior attributes and resources that competitors could not imitate, according to Barney et al. 1989 and the assets that lasted for an extended period of time, Porter, 1985. Barney 1991 defines competitive advantage as: clear way to integrate organizational learning and potentially promote external collaboration. To understand where companies are in their quest to develop these five components and become advanced learners, BCG conducted a learning ecosystem maturity assessment with more of the world's leading companies.,