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The Building Blocks of Competitive Advantage
Transcript of The Building Blocks of Competitive Advantage
How to get to the top!
Four Building Blocks
A comparison of the quantity of inputs required to produce an output.
The standard of something as measured against other things of a similar kind; the degree of excellence of something.
Superior Customer Responsiveness
When a company develops a new method of producing goods and services.
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Customer responsiveness is the ability of a business to recognize and respond to changing customer needs.