define competitive edge
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- It can also be both costly and disastrous if you aren't up to par with others in your particular business or industry. How you handle competition can be a direct link to the success or the failure of your company. You can, however, significantly increase your chances of coming out on top by creating a competitive edge. Having a competitive edge means possessing an advantage over your competition. This does not take the luck of the Irish, but rather some solid strategic planning. Before you can accurately identify your competition, it's crucial to first define and analyze your target market.
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- poser (plural posers) ( 1 Britain) A particularly difficult question or puzzle. 2  Someone who, or something which, poses; a person who sets their body in a fixed position, such as for photography or painting. ( 3 pejorative, slang) A poseur; someone who affects some behaviour, style, attitude or other condition, often to impress or influence others.
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Competitive advantage Michael Porter defined the two ways in which an organization can achieve competitive advantage over its rivals: cost advantage and differentiation advantage. Cost advantage is when a business provides the same products and services as its competitors, albeit at a lesser cost.
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Principles of Marketing: Chapter 2 One way a firm can achieve a competitive advantage at the corporate level is through corporate mergers. The talents and abilities one corporation possesses can be combined with different competencies of another organization and matched to opportunities in the marketplace.
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- leading edge. singular noun. The leading edge of a particular area of research or development is the area of it that seems most advanced or sophisticated. I think Israel tends to be at the leading edge of technological development.
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Competition (companies) While competitiveness is understood at a macro-scale, as a measure of a country's advantage or disadvantage in selling its products in international markets. Trade competitiveness can be defined as the ability of a firm, industry, city, state or country, to export more in value added terms than it imports.
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- At the most fundamental level, firms create competitive advantage by perceiving or discovering new and better ways to compete in an industry and bringing them to market, which is ultimately an act of innovation. Innovations shift competitive advantage when rivals either fail to perceive the new way of competing or are unwilling or unable to respond.
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Propagating Foliage & Flowering Plants Stem and Section Cuttings: There are two types of stem cuttings: tip cuttings, which include the apex or plant tip and a small portion of the stem; and section cuttings, which include a 2- to 3-inch section of stem (not including the apex or plant tip> and leaf joint.
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- 3 – an advantage that gives superiority over close rivals. ‘ give someone the edge over ‘. ex: Training can give you the edge over your competitors. The Edge is a boutique gym that sets up new standards for group and personal fitness, with a focus on functional training and high intensity workouts. Our personal trainers and coaches are athletes themselves and their methods will help you achieve fitness excellence beyond what you ever thought was possible.
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leading edge leading edge. n. 1. (Aeronautics) the forward edge of a propeller blade, aerofoil, or wing. Compare trailing edge. 2. (Electrical Engineering) electrical engineering the part of a pulse signal that has an increasing amplitude. 3. a. the leading position in any field. b. (as modifier): leading-edge technology.
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- Cutting edge probably refers to the sharp edge of a knife or sword. This sharp edge is what goes first and cut through obstructions so the knife can go to vital target. …   Something or someone who is referred to as being on the cutting edge is someone who leads the way in a new direction or a new purpose.
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Sustainable Competitive Advantage: Definition, Concept & Examples Definition of Sustainable Competitive Advantage Competitive advantage exists when a particular company consistently outperforms other companies in the same industry. A company is considered to be outperforming others if profits are higher than the competition's profits.
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COMPETITIVE ADVANTAGE Michael Porter defines three generic strategies that firm's may use to gain competitive advantage: cost leadership, differentiation, and focus. A firm utilizing a cost leadership strategy seeks to be the low-cost producer relative to its competitors.
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Analyzing the Competitive Landscape in the Startup World Competition is one of the dynamic agents that helps facilitate the fast-paced innovative atmosphere of the startup world, and understanding your competition is absolutely crucial in developing a competitive strategy.
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- Definition of 'Comparative Advantage'. Definition: The benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost than other entities is referred to as comparative advantage in international trade theory.
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What Is a Competitive Environment? The term competitive environment refers to the number and types of companies against which a given business competes in its industry. Direct competitors are those that sell very similar goods and...
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- Definitions for comparative advantage. Comparative advantage. In economics, comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another.
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- Both diabetes and high blood pressure can cause damage to the kidneys, which leads to proteinuria. Other types of kidney disease unrelated to diabetes or high blood pressure can also cause protein to leak into the urine. Examples of other causes include: 1  Medications. 2  Trauma.
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Competitive intelligence 1 Competitive intelligence is an ethical and legal business practice, as opposed to industrial espionage, which is illegal. 2  The focus is on the external business environment.  There is a process involved in gathering information, converting it into intelligence and then utilizing this in business decision making.
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Competitive Advantage The main challenge for business strategy is to find a way of achieving a sustainable competitive advantage over the other competing products and firms in a market. A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices. Porter suggested four generic business strategies that could be adopted in order to gain competitive advantage.
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Definition of âthe cutting edgeâ - English Dictionary the cutting edge (of sth) › the most recent and advanced stage of development in a particular type of work or activity, with the newest systems, equipment, etc.: We want to be at the cutting edge of this technology. Video games companies are always on the cutting edge in terms of the graphics.
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cutting edge cutting edge - the sharp cutting side of the blade of a knife. knife edge. blade - the flat part of a tool or weapon that (usually) has a cutting edge. edge - a sharp side formed by the intersection of two surfaces of an object; he rounded the edges of the box. edge tool - any cutting tool with a sharp cutting edge (as a chisel or knife or plane or gouge)
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Competitive Strategy Competitive strategy refers to how a company competes in a particular industry and seeks to gain a competitive advantage over its rivals (Porter, 1980).
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strategic inflection point The time of transition of company's competitive position that requires the company change the current path and adapt to the new situation or risk declining profits.
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Competitive advantage Overview[edit] Competitive advantage is a property that a business can have over its competitors. This can be gained by offering clients better and greater value. Advertising products or services with lower prices or higher quality interests consumers. Target markets recognise these unique products or services.
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Sustainable Competitive Advantages: Definition, Types, & Examples Definition: Sustainable Competitive Advantages. Sustainable competitive advantages are company assets, attributes, or abilities that are difficult to duplicate or exceed; and provide a superior or favorable long term position over competitors.