Business Professor Michael Porter introduced the term Competitive Advantage. Does the term really have any meaning?
In the 1980s, the business academic and economist M. E. Porter introduced the “Competitive Advantage” concept. Despite its widespread use, this concept has never found its precise definition. Marvin Lieberman, the author of the article, wonders about its possible meaning, and he even questions if it’s worth finding a definition. What do we mean when we say “competitive advantage?”
Encapsulation by Gabriele Marasti:
Where Does Competitive Advantage Lie in a Firm and How Can We Measure it?
Original paper by Marvin Lieberman:
Is Competitive Advantage Intellectually Sustainable?
PROFIT Resource Based Theory of Entrepreneurship