Definitions

Sustainable competitive advantage

Operational effectiveness

Straddling

First mover/fast follower

Scale advantage

Economies of scale

Distribution channels

-Technology

-Is tech alone enough to provide sustainable competitive advantage?

-How important are tech improvements in strengthening a firms strategic advantages?

-Can tech improvements often be copied?

-When copied quickly, is tech a source of competitive advantage?

-Can tech be used by late entrants to gain a share of an industry?

-According to Porter, what is strategy fundamentally about?

-Resource-based view of competitive advantage

-What is it?

-What are the four characteristics?

Value chain

-What is it?

-What are the main components?

-Why is an imitation-resistant value chain valuable?