COMPETITIVE EDGES Meaning and
Definition
-
Competitive edges are advantages or attributes possessed by an individual, organization, or product that distinguish it from others in a competitive marketplace. It refers to the unique abilities or qualities that give them a superior position, enabling them to outperform competitors. These edges can be in various forms, such as expertise, resources, strategies, innovation, technology, or reputation.
In a business context, competitive edges are critical for achieving success and maintaining an edge over rivals. They can be achieved through various means, including cost leadership, differentiation, or focus strategies. Cost leadership refers to the ability to produce goods or services at a lower cost than competitors, while differentiation focuses on offering unique, superior products or services that stand out in the market. Focus strategy involves targeting a specific market segment or niche.
Competitive edges can also be derived from intangible factors such as intellectual property, patented technology, strong brand recognition, or exclusive partnerships. Companies can gain a competitive edge through continuous learning and innovation, staying ahead of market trends and customer demands.
Individuals can also possess competitive edges in the job market by acquiring unique skills or qualifications that set them apart from other candidates. This might include a specific degree or certification, extensive experience in a specialized field, language proficiency, or exceptional problem-solving abilities.
Overall, competitive edges are crucial for achieving success and gaining a superior position in highly competitive environments, whether in business or personal contexts.
Common Misspellings for COMPETITIVE EDGES
- xompetitive edges
- vompetitive edges
- fompetitive edges
- dompetitive edges
- cimpetitive edges
- ckmpetitive edges
- clmpetitive edges
- cpmpetitive edges
- c0mpetitive edges
- c9mpetitive edges
- conpetitive edges
- cokpetitive edges
- cojpetitive edges
- comoetitive edges
- comletitive edges
- com-etitive edges
- com0etitive edges
- compwtitive edges
- compstitive edges
- compdtitive edges
Etymology of COMPETITIVE EDGES
The etymology of the term "competitive edges" can be traced back to the different components of the phrase.
- "Competitive" originates from the Latin word "competere", which means "to strive together" or "to contend". It gained its modern sense of "striving to gain an advantage or superiority" in the late 18th century.
- "Edges" comes from the Old English word "ecg" meaning "sharp side of a blade". It later evolved to represent the boundary or margin of something.
When combined, the term "competitive edges" refers to the factors, advantages, or qualities that give an individual or entity an edge or advantage in a competitive environment.
Infographic
Add the infographic to your website:
