Competitive advantage is based on the possession of distinctive competencies. By definition, distinctive competencies are:

a. resources available to all firms operating in a given industry and easily shared and copied by rivals.

b. differences between companies in how they structure their companies and compensate their employees.

c. characteristics, skills, or knowledge that cannot be written down and must be understood through experience or intuition.

d. firm-specific strengths that allow a company to differentiate its products from rivals or achieve lower costs than rivals.

Question

Chelsea Valentine

Business

26 October, 15:10

Competitive advantage is based on the possession of distinctive competencies. By definition, distinctive competencies are:

a. resources available to all firms operating in a given industry and easily shared and copied by rivals.

b. differences between companies in how they structure their companies and compensate their employees.

c. characteristics, skills, or knowledge that cannot be written down and must be understood through experience or intuition.

d. firm-specific strengths that allow a company to differentiate its products from rivals or achieve lower costs than rivals.

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Answers (1)

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Mcknight · Answer 1

d. firm-specific strengths that allow a company to differentiate its products from rivals or achieve lower costs than rivals.

Explanation:

Distinctive competencies are aspects that are unique to a company and that allow it to have an advantage over its competitors. These aspects are difficult to copy by other organizations and can come from technology, processes, people, costs, among others.