To build a sustainable competitive advantage, companies should focus on a single strategy.

Question

Quizplus · Accepted Answer

Building a sustainable competitive advantage involves developing multiple strategies and capabilities that work together harmoniously to create a unique position in the market that is difficult for competitors to imitate. Focusing on a single strategy may leave a company vulnerable to disruptions or shifts in the market, making it harder to maintain a competitive edge over time.

To Build a Sustainable Competitive Advantage, Companies Should Focus on a Single