Sources of Competitive Advantage Advanced and Classic     Today and always, do not fear being different when different creates disruptive value. Today and always, remove barriers that prevent great ideas from becoming reality. VadiK Inventor Author Founder   Sources of Sustainable Competitive Advantage 7 Routes to High Profits Value Innovation Radical Innovation Continuous Innovation Continuous Improvement Serendipity  ▪  Trust InnoBall Stronger Business Design Achieve Much More     Move Faster Than Your Competitors Steve Jobs repeatedly demonstrated the power of rapid decision-making. Speed allowed Apple to seize opportunities while larger competitors debated and delayed. In today's marketplace, agility frequently beats size. The company that learns, adapts, and executes quickly often gains advantages that money alone cannot buy. → 7 Market-Leadership Lessons from Steve Jobs       "The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow." ~ Rupert Murdoch     The 3Ss of winning in business are Speed, Simplicity and Self-confidence. Just as surely as speed flows from simplicity, simplicity is grounded in self-confidence. Jack Welch GE   5 Classic Sources of Competitive Advantage According to Michael Porter, there are 5 sources of competitive advantage, They are: ❶  A unique competitive position  >>> ❷  Clear tradeoffs and choices vis-a-vis competitors  >>> ❸  Activities tailored to the company's strategy ❹  A high degree of fit across activities (it is the activity system, not the parts, that ensure sustainability)  >>> ❺  A high degree of operational effectiveness.  >>>   Harness Your People for Competitive Advantage Tacit Knowledge Competitive Advantage: USA vs. Japanese Firms Own Your SCA 5 Main Sources of China's Sustainable Competitive Advantage       Own Your Competitive Advantage Focus on your core competencies and outsource the rest. Make sure that you don't outsource your competitive advantage, however. You will never lead in innovation or be faster to market than your competition if you depend on other for your core technology. Owning your competitive advantage will allow you to build it continuously, be more flexible, and eliminate speed breakers... More