What does it mean for a company to have a sustainable
competitive advantage? Provide examples of two companies that in
your opinion have a sustainable competitive advantage.
Describe the circumstances under which a firm chooses a low-cost
strategy to attain sustainable competitive advantage. What about
the situations when a differentiation strategy is chosen? Provide
specific real world examples.
What makes a competitive advantage sustainable, and why is
sustainability a critical strategy-making consideration? Is
sustainability knowable in the medium and long term? Why or why
not? Give an example to support your conclusion. Cite any sources
used to support your answer.
1. How does first-mover advantage lead into a sustainable
competitive advantage?
2. Where does the Austrian Trade Cycle Theory fit into
first-mover advantage?
3. How does efficiency impact collusion?