Rapid changes in technology, globalization, and actions by rivals cannot erode company advantages.

Question

Quizplus · Accepted Answer

Nothing is forever, when it comes to competitive advantages. Rapid changes in technology, globalization, and actions by rivals from within and outside of the industry can quickly erode company advantages. It is becoming increasingly important to recognize that the duration of competitive advantages is declining, especially in technology intensive industries.

Rapid Changes in Technology, Globalization, and Actions by Rivals Cannot