For this week's discussion, please answer one (1) of the following questions. Your initial posting must consist of at least 150 words. YOU ONLY NEED TO ANSWER ONE QUESTION. How are the four building blocks of competitive advantage related to each other? What is the relationship between innovation and competitive advantage? Can more than one firm have a competitive advantage in the industry at the same time? If no, why not? If yes, give an example. Is it possible for a firm to simultaneously have a competitive advantage and a competitive disadvantage? If no, why not? If yes, give an example.

For this week's discussion, please answer one (1) of the following questions. Your initial posting must consist of at least 150 words. YOU ONLY NEED TO ANSWER ONE QUESTION. How are the four building...

For this week's discussion, please answer one (1) of the following questions. Your initial posting must consist of at least 150 words. YOU ONLY NEED TO ANSWER ONE QUESTION.

How are the four building blocks of competitive advantage related to each other?

What is the relationship between innovation and competitive advantage?

Can more than one firm have a competitive advantage in the industry at the same time? If no, why not? If yes, give an example.

Is it possible for a firm to simultaneously have a competitive advantage and a competitive disadvantage? If no, why not? If yes, give an example.

Answered Same DayJul 12, 2021

Answer To: For this week's discussion, please answer one (1) of the following questions. Your initial posting...

Moumita answered on Jul 14 2021

169 Votes

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Answer to Question 2
    Innovation is a process through which new methods techniques are applied to a new product in order to improve the overall system. In business innovation is seen as the application of new through the process, practices in the existing methods such as the marketing, organisational structure, external relations with the customers the supply chain etc (Abd Aziz, & Samad, 2016). Innovation can also arise from the use of new technologies or by bringing in new ways of doing a particular business or new products and services.
    Competitive advantage, on the...

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For this week's discussion, please answer one (1) of the following questions. Your initial posting must consist of at least 150 words. YOU ONLY NEED TO ANSWER ONE QUESTION. How are the four building...

Answer To: For this week's discussion, please answer one (1) of the following questions. Your initial posting...

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