Competitive advantage is improved when a firm's:
A) core competencies match external environmental opportunities.
B) vision is benchmarked from industry-best practices.
C) strategic moves match those of its best competitors.
D) all of the answers are correct

Question

Quizplus · Accepted Answer

A firm's competitive advantage is improved when it can effectively leverage its core competencies to take advantage of external environmental opportunities. This requires the firm to have a good understanding of its strengths and weaknesses, as well as the external market forces that are affecting its industry. By aligning its core competencies with the external opportunities, a firm can create a sustainable competitive advantage that is difficult for competitors to replicate. Benchmarking from industry-best practices and matching strategic moves of competitors can be helpful, but they do not guarantee improved competitive advantage on their own.

Competitive Advantage Is Improved When a Firm's