Sustainable Competitive Advantage Based On Product Alone Free Essay Example, 4750 words

Most companies find it impossible to create any kind of sustainable competitive advantage based on product alone as successful companies sought and found a precise understanding of how it could create a customer-centred competitive advantage. Along with the changing business world, customers change as well, becoming more demanding and knowledgeable than before. In this light, reliance on the internal resources of the organization will not do if environmental considerations of the company are not likewise taken into account. These include the significant market characteristics that directly and indirectly influence and dictate the strategic business implementation and sound decision-making from the options available. The forecast of subsequent political, economic, and social implications that change will result to also needs to be identified and enumerated to ensure the success and development of the organization as well as the welfare of the general public. The best suppliers contin uously update and upgrade their service deliveries in order to answer the demands of their customers. Customers have the ever-increasing demand on getting their hands into the products which can lead to change in supplier if expectations are not met. We will write a custom essay sample on Sustainable Competitive Advantage Based On Product Alone or any topic specifically for you Only $17.96 $11.86/page