Competitive advantage, sustainable competitive advantage, competitive disadvantage,
and competitive parity [in a named, specific firm, population, or industry].
· Relationship between stakeholder strategy and sustainable competitive advantage [in a
named, specific firm, population, or industry].
· Stakeholder impact analysis [in a named, specific firm, population, or industry].
· Analysis, Formulation, Implementation (AFI) Strategy Framework used as a competitive advantage [in a named, specific firm, population, or industry].
· Role of strategic leaders and what they do [in a named, specific firm, population, or industry].
· The roles of corporate, business, and functional managers in strategy formulation and Implementation [in a named, specific firm, population, or industry].
Competitive advantage is an advantage that a company has over its competitors. This advantage can be in the form of lower costs, better products, or a stronger brand. Competitive advantage allows a company to earn more profits than its competitors.
Sustainable competitive advantage is a competitive advantage that is difficult for competitors to imitate. This advantage can be based on patents, economies of scale, or a strong brand. Sustainable competitive advantage allows a company to maintain its profits over time.
Competitive disadvantage is a disadvantage that a company has over its competitors. This disadvantage can be in the form of higher costs, inferior products, or a weak brand. Competitive disadvantage makes it difficult for a company to earn profits.
Competitive parity is a situation where a company has no competitive advantage or disadvantage. This means that the company is competing on a level playing field with its competitors.
In the case of Apple Inc., the company has a number of competitive advantages. These include:
These competitive advantages have allowed Apple to maintain its profits over time. However, Apple is not immune to competitive disadvantage. For example, the company has been criticized for its high prices. If Apple is unable to keep its prices competitive, it could lose its competitive advantage.
The relationship between stakeholder strategy and sustainable competitive advantage
Stakeholder strategy is a management approach that takes into account the interests of all stakeholders, including employees, customers, suppliers, and the community. Stakeholder strategy can help a company to achieve sustainable competitive advantage by:
In conclusion, competitive advantage, sustainable competitive advantage, competitive disadvantage, and competitive parity are all important concepts for businesses to understand. These concepts can help businesses to achieve their goals and to maintain their profits over time. Stakeholder strategy can play a key role in helping businesses to achieve sustainable competitive advantage.
In the case of Apple Inc., stakeholder strategy has helped the company to build a strong brand, innovate, and create a strong ecosystem. These factors have contributed to Apple’s sustainable competitive advantage.