All competitive advantages have Group of answer choices a. a limited life. b. an expiration date. c. the ability to earn above-average returns indefinitely. d. the ability to lead to more competitive advantages.

Question

Social Studies

Kailey Howell

18 November, 19:24

All competitive advantages have Group of answer choices a. a limited life. b. an expiration date. c. the ability to earn above-average returns indefinitely. d. the ability to lead to more competitive advantages.

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Answers (1)

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Cochran · Answer 1

All competitive advantages have a limited life.

Explanation:

Though a firm develops and manages resources in a manner that create competencies but competitors will sooner or later learn how to copy the benefits of any firm's creating strategy, and therefore all the competitive advantages have a limited life.

Challenge for firms is to effectively manage current core competencies while simultaneously developing new ones. Only when firms do this can they expect to achieve strategic competitiveness, earn above-average returns, and remain ahead of competitors in both short or the long term.