Q This week's DQ focuses on Competitive Advantage. Discuss how organizations may choose to gain such an advantage. For instance, cost, style, technology, strategy, differentiation, or organizational focus.
In this tremendous competitive business era, most of the companies intend to gain the needed competitive advantage for the sake of the ultimate success of the company. After knowing the industry and market trends, mainly the companies come up with important strategies for gaining the needed competitive advantage. Without gaining competitive advantage it is next to impossible for a company to sustain in a particular industry for long period. The companies can choose several ways for gaining the competitive advantage.
