Thursday, February 27, 2020
Bussiness essay Example | Topics and Well Written Essays - 250 words
Bussiness - Essay Example Chuodhury & Galeta (1998) provided seven goals for achieving competitive advantage. A great example of a company that has managed to sustain competitive advantage in while using the seven goals framework is Google, the search engine. There are quite a number of search engines to date yet Google has managed to stand out as the best. It successfully managed to hold off at least for a significant amount of time the entry of other search entries into the market. Which is often the quickest way to achieve competitive advantage, ensure uniqueness of a brand and hold off competition long enough to establish and renew a company. 2. Considering that Google was among the first search engines to effectively exist, it has established a reliable customer base which is yet another way to achieve competitive advantage. It has also managed to change appropriately to cater to the customersââ¬â¢ needs and wants. Google has further made an attempt to always offer more services and products like new web applications and recently advertising services. Despite the numerous entries into e-commerce and the numerous entries into similar businesses it is still highly possible for companies to achieve competitive advantage. Creating a unique niche is always the fastest way to do so yet upon the availability of similar fields within a certain niche use of strategy will ensure acquisition of competitive advantage as
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