Firms that can employ and establish <u>isolating mechanisms</u> are more likely to protect their competitive advantage from being copied and/or eroding away.
Isolation mechanisms:
A company is able to maintain its competitive edge for a longer period of time if it can stop a rival from copying the resource or capability that provides it that advantage. Isolation mechanisms is the name of this technique. For instance, a patent is a legitimate tool to stop imitation.
A firm's objective is to have a prolonged competitive advantage when a resource or capability gives the firm an advantage over competitors for an extended period of time. The industry will determine how long a company can preserve a competitive advantage.
If a business can maintain a competitive edge for a year in a fast-moving field like information technology or quick fashion, it may be quite happy. In an industry with less frequent changes, such as feminine hygiene, a persistent competitive advantage may remain considerably longer.
A sustainable competitive edge cannot be maintained by any company indefinitely. The competition is constantly working to improve its own competitive edge.
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Consumers generally buy products.
Answer:
Hi your question is incomplete attached to the answer is a picture of the complete question
- The support and assistance of the COO in successfully meeting the scheduling goals.
- The assistance of the COO as a co-stakeholder in the project will result to reduced work pressure on me
Explanation:
As a project manager the advantages that i could have when i have the Hospital COO in which i am tasked to coordinate a project for working with me as a a project sponsor includes : The support and assistance in the speedy and successful completion of the task at hand because since the Hospital COO is the project sponsor he/she would like the project to be completed within the scheduled time. and also the COO been a part of the project as a sponsor means he/she would be working with me the project manager as an important partner/worker and bringing his/her expertise along and this will greatly reduce the work stress that i would have experienced if i was working alone
Answer: True.
Explanation:
The periodic review model for probabilistic demand explains that the order quantity at any review point comprises of all outstanding order to reach the replenishment level and amount needed for inventory when lead time is longer than review period.
