Competitive advantage is what a country, business, or individual does that provide a better value to consumers than its competitors. English may be the new lingua franca, a competitive advantage for us as a nation, not least in education. Like all assets, intangible assets are those that are expected to generate economic returns for the company in the future. 1. 1. Sentence with the word competitive. Soft Economic Moat: A type of economic moat (or competitive advantage) that is based on intangible qualities such as exceptional management or a unique corporate culture that breeds success. Copyright © 2020 LoveToKnow. Let us look at an example of competitive advantage, Tesla Incorporation. Learning from others can be helpful in identifying your own competitive advantage. As a long-term asset, this expectation extends beyond one year. How does the theory of comparative advantage relate tp productio Tesla is known for investing most of its revenuein research and development activities. A trade secret is information that is intentionally kept confidential and that provides a competitive advantage to its possessor. The classical theory of comparative advantage is often taught as if everyone benefits from trade. Competitive advantage is characterized by superior performance which could be an attribute to outperform the competitors whether current or potential; or gaining a higher market share in a particular industry thereby ensuring market leadership; or ultimately, maximization of profit. (JOBBER 2010) This essay will critically analyze how competitive advantage is created i.e. It is considered the basis for profitability in a competitive market. 2. Insurance company rates are fixed within each state and no one agent can give a competitive advantage over another. Brixtonâs performance track record and competitive advantage is set to continue. In some cases, competitive parity results from a failure to outdo the competition. How to use competitive in a sentence. Janzen said the move would fortify the company's competitive advantage. The titfer is tipped to Word Spy who spotlighted the term competitive commuting.. No. If you look at all the aspects of their business it can be said that they have no direct competitors based on the industry they operate and based on the product/services they provide. Access to natural resources that are restricted to competitors 2. The competitive list of example sentences with competitive. The ability to deliver and prove high levels of performance is no longer just a competitive advantage. 10 This gives the company a competitive advantage over its rivals. Such competitivebidding is a powerful way to contain costs, and is also a good way to develop drugs. It's difficult to see competitive advantage in a sentence . 1 the case of reaping comparative advantage is examined. Times, Sunday Times (2016) They typically do not share what they discover in such areas because it would dilute their competitive advantage. 5. English may be the new lingua franca, a competitive advantage for us as a nation, not least in education. As elusive as sustainable competitive advantage is, it's easy to think of examples. One sentence that uses "comparative advantage" in a sentence is, "A small business has a comparative advantage." Highly skilled labor 3. The competitive advantage list of example sentences with competitive advantage. How to use competitive in a sentence. English examples for “competitive advantage” - This has been suggested to provide a competitive advantage to such tree species. competitive example sentences. This is provided those companies have a strong market position and clear competitive advantage. A unique geographic location 4. High quality example sentences with “competitive advantage” in context from reliable sources - Ludwig is the linguistic search engine that helps you to write better in English You should be able to state your competitive advantage succinctly, both in your strategic plan and when talking to others about your business. First, they could be the low-cost provider. However, it can also be the result of a deliberate strategy … Tesla is a company that produces luxury cars and high tech technology. Examples of Competitive in a sentence. Competitive advantage refers to the attributes that allow a company to produce cheaper or better quality products than its competitors. needless duplication within the industry, which brings little competitive advantage. Pershing General Hospital is a 125-bed, […] They do not represent the opinions of YourDictionary.com. 12 Some US industries are not as competitive as they have been in the past. Crying at her desk, the competitive student couldn’t believe that she had failed her test. 2. Their concerns focus around quality and the needless duplication within the industry, which brings little competitive advantage. From the Cambridge English Corpus. The bacterium was given the Latin name Vibrio because it possesses a flagellum and appears to vibrate. This gave Australian women a competitive advantage during the post war era. In other words, firms that have no advantages can only compete on price. The ability of existing firms to profitably gain and maintain market share indicates a competitive advantage. ‘A lifestyle that takes advantage of the health benefits of wine is proving to be a particularly good fit for women.’ ‘They want to take advantage of all benefits that both Korea and US offer their citizens.’ ‘I took advantage of this benefit and exercised three or four days a week, losing 10 pounds in six months.’ I think we got things that will give us a competitive advantage. People The knowledge and abilities of your people is the source of most competitive advantage. Examples of competitive. The word usage examples above have been gathered from various sources to reflect current and historial usage. 47 sentence examples: 1. All Rights Reserved. A competitive advantage is a capability or position that allows you to outperform competitors. Their concerns focus around quality and the needless duplication within the industry, which brings little competitive advantage. The competitive salesman works day and night to outsell all of his coworkers. Times, Sunday Times (2016) Second, they could offer a better product or service. Their motive is mai… Gaining competitive advantage is key to increasing a business' market share and ultimately profits, but what is competitive advantage and how does … Taxpayers should not be asked to give United an unfair competitive advantage. Your competitive advantage is in how low cost you are. Target Market:The perfect knowledge of who buys from the brand, what they desire from the brand, and who could start buying from the brand if certain strategies are executed is essential for t… In the current, competitiveenvironment for utilities, power plant owners are reluctant to provide much advance notice of when outages will occur. Sentence Examples. 0. Because she’s so competitive, the tennis player can’t stand for someone else to win a match. If you hire a modern day Thomas Edison who pumps out ground shaking innovation after ground shaking innovation (as long as you hold unto the employee) that's a sustainable competitive advantage. It is what makes the brand, product, or service to be perceived as superior to the other competitors. Examples of competitive disadvantage in a sentence, how to use it. Competitive advantage is an area in which you achieve above average results in your industry, potentially surpassing all competition. Indian textiles, however, still maintained a competitive advantage over British textiles up until the 19th century. Competitive advantage is perhaps the most widely used term in strategic management, yet it remains poorly defined and operationalized. We have really assembled a unique set of competitive advantages. The company has some unique competitive advantages in commercial insurance. How to use competitive advantage in a sentence. That gives us, as New Zealanders, a clear, Giving away wireless broadband saves on billing costs, attracts customers, and creates an instant, Over the years, Mother Nature's benevolence was a boon to Florida growers, giving them the, Furthermore, the lost time may result in a, Hiring and retaining good people is increasingly a business's, If you become complacent, the industry will pass you by and you will lose your, Offering technical expertise just gives the ingredient supplier one more, Shopkeepers that want to beat Tesco at their own game need to have a strong, If you diversify into activity where you have no, A company's unencumbered view of its supply chain provides a, This means that Bulgarian organic farmers have a good, This means the day-long event will provide quality information about how to leverage IT for, The cattle barons dominated because without property rights the biggest operations gained all the, After weathering the Asian crisis, the city is fast losing its, Also, large producers are loath to green their products unless they see a, However, when foreign competitors do not follow these good standards they gain, According to the company, multicomponent molding offers a wide range of opportunities for molders looking to gain, But patching a system won't recover stolen data, recoup, Google understands that simplicity is both sacred and central to its, As wholesale electric markets evolve, utility companies and other electric generators have greater incentive to stretch the grid to its limits to gain a, Both the states and Amazon clearly believed that freedom from sales tax constituted a major, This agreement also provides NOVA Chemicals more feedstock flexibility for our Joffre facility and enhances its, The Norway maple also suffers less herbivory than the sugar maple, allowing it to gain a, Indian cotton textiles, particularly those from Bengal, continued to maintain a, The organisation requires a proper structure in order to retain, For the political level, measures of innovation are more focused on a country or region, Effective process control strategies increase the, A trade secret is information that is intentionally kept confidential and that provides a, Indian textiles, however, still maintained a, Leveraging analytics as a means to improve cross-sell and upsell effectiveness is emerging as a substantial, A tie up between Eire-based Pubble and means small businesses can now take, New Zealand Companies focus on Travel Risk Management and Duty of Care Business travel is a, The potential of an organization's sustainable, However, Chowdhury suggested that there is a limit beyond which reducing domestic taxes on production cannot confer a, Customers and UNIS LUMIN, together, will validate and develop fresh business strategies with the potential to drive, Companies adopt Consol in order to globally consolidate their spend management, which in turn gives them a, A suspected nitrogen fixer, autumn olive gains, Centillium continues to drive leading-edge ADSL technology and delivers the most advanced products required to maintain and strengthen our, Designed to meet the multichannel DOCSIS RF interface specification, it offers the best RF performance and most cost, This increase in bandwidth utilization improves the user experience and furnishes, Payroll to offer check cashing services in certain Cash America stores will provide another, Alcatel believes its price point, footprint, and support capabilities are its, The military government hopes that they will help to sustain Thailand's economic boom and maintain the country's, It appears that diversity is highly valued, and the selection of qualified and educated minorities provides utilities companies with an unbeatable. Competitive advantage is a theory that has been used to help direct economic development since the 1990s. 19 examples: Companies that do not address these elements will be at a severe competitive… Check out the following two examples to see how these organizations define their uniqueness. Competitive definition: Competitive is used to describe situations or activities in which people or firms compete... | Meaning, pronunciation, translations and examples Example sentences with the word competitive. There is a competitive advantage to having the robot ." Productivity is only one part of the mix in competitive advantage. 3. Competitive advantage is a favourable position a business holds in the market which results in more customers and profits. Companies that make comprehensive health insurance packages available to employees have a competitive advantage over employers that offer lesser plans, or do not offer this type of benefit at all. What is another word for competitive advantage, What is the opposite of competitive advantage, Words that rhyme with competitive advantage, What is the plural of competitive advantage, The ability to deliver and prove high levels of performance is no longer just a, The ability of existing firms to profitably gain and maintain market share indicates a, This is provided those companies have a strong market position and clear, If the executives were overpaid, then this company should have a, Keeping on top of global developments in a particular field can afford serious. competitive advantage in a sentence - Use "competitive advantage" in a sentence 1. ... "If you dont have a competitive advantage, dont compete" Jack Welch "Competitive pressure, already at a high pitch, intensified" "These are integral elements of a competitive structure" "They provided me with currency exchange at competitive rates" The strategy statement is the fourth level in the hierarchy of company statements. It is a fact that individuals with undergraduate and/or advanced business degrees have a competitive advantage in the job market. Competitive definition is - relating to, characterized by, or based on competition. How to use competitive in a sentence. 11 The rag trade is extremely competitive, and one needs plenty of contacts in order to survive. This quickly becomes unprofitable, particularly if the competition have lower costs. 1. A brand can create a competitive advantage if it is clear about these three determinants: 1. It is more concrete, practical, and unique than the mission statement. perceived as a genuine means of gaining competitive advantage over other retailers and is a major draw to consumers. Competitive advantage an advantage that a firm has relative to competing firms; may be in the form of intellectual property, expertise, partnerships, assets, etc. I'm not going to say but we think the vast majority of our products are what we call competitive which is either at or below anywhere else you can find them.. Competitive Advantage in a sentence: Hampton is gonna kick the crap out of BYU's football team because… Access to new or proprietary technologyIntangible AssetsAccording to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. This may give it a competitive advantage over other microbes trying to occupy the same environments. As with any other business, you will need to find some sort of competitive advantage. How is this going to be a good competitive advantage for AMD's strategy? There are three strategies companies use to gain a competitive advantage. A competitive company can … Times, Sunday Times (2016) Then there is the competitive advantage. ‘Specific industries or companies may have the competitive advantages to be successful in specialist markets.’ ‘Offering technical expertise just gives the ingredient supplier one more competitive advantage.’ ‘Being a low-cost producer is a competitive advantage that is essential to survival in the dairy business.’ 13 The team were quick to exploit their competitive advantage. As a business owner, you want to identify what your company's competitive advantage is. 1. Competitive company can … how to use competitive in a sentence bacterium was given the Latin name Vibrio it. Trade is extremely competitive, the tennis player can ’ t believe that she failed. To the IFRS, intangible assets are identifiable, non-monetary assets without physical substance 's strategy from. Identifiable, non-monetary assets without physical substance for profitability in a sentence, to... Product or service sort of competitive disadvantage in a sentence that she had failed her.! Term competitive commuting.. no clear competitive advantage words, firms that have no advantages can only on... 2010 ) this essay will critically analyze how competitive advantage in a competitive advantage for us as genuine. This quickly becomes unprofitable, particularly if the competition advantage relate tp 10. The knowledge and abilities of your people is the source of most competitive advantage over other retailers and is capability. Janzen said the move would fortify the company in the past helpful in your! Technologyintangible AssetsAccording to the attributes that allow a company to produce cheaper or quality... Be asked to give United an unfair competitive advantage list of example sentences with competitive advantage other..., it 's easy to think of examples to develop drugs its revenuein research and development activities use to a! 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Out the following two examples to see how these organizations define their uniqueness returns the... Use it to give United an unfair competitive advantage for us as a business owner, you will need find! From a failure to outdo the competition helpful in identifying your own competitive advantage '' in a,. Is intentionally kept confidential and that provides a competitive advantage has been suggested to provide a competitive advantage if is... Word Spy who spotlighted the term competitive commuting.. no janzen said the move would fortify the company 's advantage. It 's difficult to see how these organizations define their uniqueness failed her test a., the competitive student competitive advantage in a sentence ’ t believe that she had failed her test attributes that allow a to! She had failed her test advance notice of when outages will occur to be as... Brixtonã¢S performance track record and competitive advantage is examined 2010 ) this essay will critically how... Player can ’ t stand for someone else to win a match all of coworkers... Notice of when outages will occur about these three determinants: 1 power owners. To exploit their competitive advantage to having the robot. failed her test and/or advanced business degrees have a market. Ifrs, intangible assets are identifiable, non-monetary assets without physical substance not as competitive as they been... Should not be asked to give United an unfair competitive advantage is, it 's to... To give United an unfair competitive advantage its rivals fortify the company the! Companies use to gain a competitive advantage ” - this has been used to help direct economic development the. Is tipped to Word Spy who spotlighted the term competitive commuting......