Concept information
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approaches to organization theory
organizational economics
competition (business)
competitive advantage
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organization studies encyc
organizational economics
competition (business)
competitive advantage
...
organization studies encyc
approaches to organization theory
organizational economics
competitive advantage
...
organization studies encyc
approaches to management theory
strategic management
competitive advantage
...
entrepreneurship financing and economic development
strategy (organizational)
strategic management
competitive advantage
Preferred term
sustainable competitive advantage
Definition
- A sustainable competitive advantage exists when a firm is able to protect a value-creating strategy from imitation by other firms—perhaps because it is too costly to imitate or too intricate. For example, the competitive advantage that Southwest Airlines had for so long seemed to be embedded in the unique corporate culture of the firm that allowed for the lowest costs in the industry. [Source: Dictionary of Strategy: Strategic Management A-Z; Sustainable Competitive Advantage]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/sustainable_competitive_advantage
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