Complete the following statement. Sustained competitive advantage is the result of:
A)An enduring value differential between the services of one organization and that of its competitors in the minds of patients, physicians, and so on.
B)Having superior resources and competency.
C)A long list of intangible assets, large bank balances, and a strong board of directors.
D)Location, price, key personnel, and organizational structure.

Question

Quizplus · Accepted Answer

Sustained competitive advantage is the result of an enduring value differential between the services of one organization and that of its competitors in the minds of patients, physicians, and so on. This means that the organization is able to consistently provide services that are perceived to be of higher value by its customers than those of its competitors, and this competitive advantage is sustained over time through effective management and innovation. While having superior resources and competency can certainly contribute to a competitive advantage, they are not sufficient in themselves to create sustained advantage. Similarly, a long list of intangible assets and a strong board of directors may be helpful, but they do not necessarily lead to sustained competitive advantage. Factors such as location, price, key personnel, and organizational structure may contribute to a competitive advantage, but they are not sufficient in themselves to create sustained advantage.

Complete the Following Statement