A creative, distinctive strategy that delivers a sustainable competitive advantage is important because
A)without a competitive advantage a company cannot become the industry leader.
B)without a competitive advantage a company is likely to fall into bankruptcy.
C)crafting a strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving above-average profitability and financial performance.
D)a competitive advantage is what enables a company to achieve its strategic objectives.
E)how a company goes about trying to please customers and outcompete rivals is what enables senior managers to choose an appropriate strategic vision for the company.

Question

Quizplus · Accepted Answer

Crafting a strategy that yields a competitive advantage over rivals is a company's most reliable means of achieving above-average profitability and financial performance. This is because having a sustainable competitive advantage allows a company to differentiate itself from competitors and attract more customers, potentially leading to increased sales and profits. Without a competitive advantage, a company may struggle to stand out in the market and achieve financial success.

A Creative, Distinctive Strategy That Delivers a Sustainable Competitive Advantage