Term
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Definition
The assets, capabilities, processes,
time, information, and knowledge
that the organization controls |
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Term
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Definition
Providing greater value for
customers than competitors can |
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Term
| susatainable competitive advantage |
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Definition
A competitive advantage that other
companies have tried UNSUCCESSFULLY
TO DUPLICATE and have, for the moment,
STOPPED TRYING TO DUPLICATE |
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Term
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Definition
| Resource that allows companies to improve efficiency and effectiveness |
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Term
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Definition
| resource that is not controlled or possessed by many competing firms |
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Term
| imperfectly imitable resource |
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Definition
| resource that is impossible or extremely costly or difficult for other firms to duplicate |
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Term
| nonsubstitutable resources |
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Definition
| resource that produces value or competitive advantage and has no equivalent substitutes or replacements |
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Term
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Definition
| A reluctance to change strategies or competitive practices that have been successful in the past |
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Term
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Definition
| A discrepancy between a company’s intended strategy and the strategic actions managers take when implementing that strategy |
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