Accumulating Competitive Advantage and Strategic Investment

Jianan Zhang
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Jianan Zhang: Kobe University Graduate School of Business Administration, Japan

Biomedical Journal of Scientific & Technical Research, 2024, vol. 59, issue 5, 51954-51955

Abstract: Competitive advantage discussed upon the theoretical back- ground of business strategy is divided into practice-oriented approach (Porter [1]) and resource based view (Teece, et al. [2]). Practice-ori- ented competitive advantage is mainly supported by tangible assets, while resource-based competitive advantage is mainly supported by intangible assets. Among the orthodox theoretical system of compet- itive advantage, tangible assets can be exchanged by currency, while intangible assets cannot be exchanged through intermediate markets. At the same time, tangible assets has indispensability which means they are necessary to almost all business activities.

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Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:abf:journl:v:59:y:2024:i:5:p:51954-51955

DOI: 10.26717/BJSTR.2024.59.009361

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