Competing in business
- Manufacturing competitive products
- Competing in the marketplace
Description
Competing in business involves actively striving to outperform rivals by delivering greater value to customers, optimizing operations, and innovating products or services. The essential action is to secure and sustain a competitive advantage, addressing challenges such as market saturation, shifting consumer preferences, and technological disruption. Effective competition remedies these problems through differentiation, cost leadership, and strategic agility, enabling organizations to capture market share, enhance profitability, and ensure long-term viability in dynamic environments.
Broader
Narrower
Facilitates
Facilitated by
Problem
Value
Web link
SDG
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
- Commerce » Market
- Commerce » Business enterprises
- Industry » Manufacture
- Industry » Products
Content quality
Unpresentable
Language
English
1A4N
V0139
DOCID
13201390
D7NID
205063
Editing link
Official link
Last update
Oct 9, 2018