A firm should try to obtain a sustainable competitive advantage by implementing strategies based on its particular resources, capabilities and core competencies.

Question

Quizplus · Accepted Answer

A sustainable competitive advantage can only be achieved by using a firm's unique resources, capabilities, and core competencies. It cannot be achieved by following generic strategies or imitating others. Therefore, firms should strive to develop their own distinctive competencies that are difficult to duplicate or substitute to maintain a unique market position and superior performance.

A Firm Should Try to Obtain a Sustainable Competitive Advantage