Concept information
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organization studies encyc
approaches to organization theory
organizational economics
competition (business)
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organization studies
organization studies encyc
approaches to organization theory
organizational economics
...
business and management
organization studies
organization studies encyc
organizational economics
...
organization studies
organization studies encyc
approaches to management theory
strategic management
...
new venture management
entrepreneurship financing and economic development
strategy (organizational)
strategic management
Preferred term
competitive advantage
Definition
- Competitive advantage is the factor or series of factors that allows one organization to outperform competitors relative to the primary measure of success in its market (profit, patient satisfaction, market share, and so on). For this reason, competitive advantage is, in a sense, the Holy Grail of strategy: It is the thing organizations seek but rarely find. [Source: Encyclopedia of Health Care Management; Competitive Advantage]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/competitive_advantage
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