Explain strengths and capabilities in competitive benefit

Question

Explain the strengths and the capabilities in the competitive benefit of a company.

Answer 1

The vast preponderance of companies is not well endowed with competitively important resources, much less with the competitively bigger resources capable of passing all four experiments with high marks. Most firms have a mixed container of resources.

Only some companies, generally the strongest industry heads or up-and-coming challengers possess a distinctive competence or competitively bigger resource.

Sometimes a company derives an important competitive vitality, maybe even a competitive benefit, from a group of good-sufficient resources that collectively have competitive power in the market-place.

KEY CONCEPT: A company’s success in the market-place becomes more probable when it has suitable and sufficient resources with which to compete and especially when it has the strengths and the capabilities with the competitive benefit.