How do perspectives on competitive advantage differ when comparing brick-and-mortar stores to online businesses (e.g. Best Buy v

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3 years ago

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How do perspectives on competitive advantage differ when comparing brick-and-mortar stores to online businesses (e.g. Best Buy v

ersus Amazon, Old Navy versus Threadless [noted in Strategy Highlight 5.2]). Make recommendations to a primarily brick-and-mortar retail firm on how to compete more effectively with online firms. Do your suggestions fall mostly into the accounting, shareholder, or economic point of view on competitive advantage

Business

1 answer:

Oliga [24] · Answer 1 · 2022-05-16T16:39:38+03:00

Answer:

Competitive advantage is about the strengths and capabilities, unique characteristics of any product or service, an individual, or a firm. It is hard to gain a competitive advantage because becoming different and achieving what others or other products do not possess is not at all easy. It requires a lot of time, planning, dedication and determination to grow above all and gain competitive advantage over them.