A competitive advantage denotes the ability of a business, product or service that allows it to have more market presence, same value at lower prices, more profit and superior margins than its competitors. Every market in the current capitalist economy has multiple products and businesses that compete with one another for competitive edge. And thus, each of them tries to …
We all know that while driving, we need a roadmap to guide us to our destination. Similarly, while running a business, we need a sound business strategy that can guide us to our goals. Different businesses use different business strategies in order to achieve their targets. And while the concept of business strategy looks simple enough, delve deeper and you …
As mentioned above, competitive strategy is a long-term action plan of firms so as to gain a competitive advantage over its rivals in the industry. This strategy is focused to achieve above average position and generate a superior Return on Investment (ROI).
According to Michael Porter, value chain consists all those activities an organization perform to create value for its customers. In the business process organizations create value, more value creation means a more profitable organization.
I am a professional accountant and worked for 8 years in the development sector. But I was more inclined towards technology, internet and web surfing. I started my own small website back in 2012. In the past years, I learned a lot from hand on experience and many web experts. Today I am giving you a sequence of all time …
