A business entity's competitive potential and competitive advantages

A. Semchenko
Additional contact information
A. Semchenko: Saint-Petersburg State University of Economics and Finance

Journal of Modern Competition, 2008, issue 4, 30-37

Abstract: In order to operate well, it is extremely important for a business to develop the competitive potential, and to identify and keep the competitive advantages in a market economy. To define the term competitive advantage is a topical issue now as the businesses' growth on the international scale has become slower, and the market competitors become increasingly aggressive. It is now the main business task to identify and gain a competitive advantage and to turn it into a sustainable competitive advantage. A competitive advantage is the goods characteristics and specifications that create a competitive advantage for the goods producer and form an optimal goods characteristics pattern that is good for a consumer. An advantage is seen best when different things are compared, therefore it is not an absolute property and its creation is influenced by many factors. In order to operate well, it is necessary for a business to develop a business development strategy that is based on the competitive advantages use.

Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.moderncompetition.ru/jour/article/view/177 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:snr:mdrcmp:y:2008:i:4:p:30-37

Ordering information: This journal article can be ordered from
https://moderncompetition.ru

Access Statistics for this article

Journal of Modern Competition is currently edited by Yury Rubin

More articles in Journal of Modern Competition from Synergy University
Bibliographic data for series maintained by Synergy University Maintainer ().