What are examples of a competitive advantage?
What are examples of a competitive advantage? They include, but are not limited to, some of the following: Access to natural resources not available to competitors. Highly skilled labor. Strong brand awareness.
What are the 5 forces of competitive advantage?
According to Porter, there are five forces that represent the key sources of competitive pressure within an industry They are:
- Competitive Rivalry.
- Supplier Power.
- Buyer Power.
- Threat of Substitution.
- Threat of New Entry.