What is the best strategy for competitive advantage?

Ask NerdsCategory: MarketingWhat is the best strategy for competitive advantage?
Deju Poojari asked 11 months ago

what is the best strategy for competitive advantage?

1 Answers
Aarti A. answered 11 months ago

The best strategy for building high entry barriers and hence, greater competitive advantages is by building value for everyone in your business– customers, workers, leaders, stakeholders, promoters, employees, etc. If you can connect your product/service with value, customers will get attracted.
 
Since there are value and customers, your employees will feel excited and motivated about your growth and about themselves also.
More customers—> More Profits—-> Value for Stakeholders. So, you have to have a value creation approach in your business. If you want to connect it more then look at some great companies and of course, their leaders like Tata Group, like OYO, like Amazon, like SpaceX, like Infosys, etc.

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