Why Is Critical Reflection Necessary for an HQI

question 12

Short Answer

Why is critical reflection necessary for an HQI?

---

Definitions:

Competitive Advantage

The attributes or circumstances that allow an organization to produce goods or services better or more cheaply than its competitors, leading to a superior market position.

Industry Level

referring to the collective performance, trends, or characteristics of businesses within a specific sector of the economy.

High Barriers

Substantial obstacles or challenges that prevent or hinder entry into a market or industry.

Buyer Power

Refers to the ability of consumers to influence the pricing and quality of goods and services in a market due to their collective purchasing power.