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One of Carlos's coworkers was recently promoted to a middle management position at their company. He seems to have quickly distanced himself from Carlos and their other coworker, Donovan. In fact, yesterday Donovan described the situation by saying, "He's gone to the dark side." Carlos understands what Donovan means because managers keep themselves removed from other employees, and seldom seriously solicit ideas for improvements or change from those in the trenches. The disadvantage in continuing this type of organizational culture is
Areas of Competition
Pertains to the specific sectors or markets where businesses vie for dominance or market share.
Competitive Advantage
A strategic advantage one company has over its industry competitors, allowing it to generate greater sales or margins and/or retain more customers.
Competitive Edge
An advantage that a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.
Competitive Power
The ability of a company or nation to produce goods and services that meet the quality standards of the local and global markets at prices that are competitive and provide adequate returns on the resources employed.
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