Question

If a company's managers If a company's manager wants to succeed in creating a differentiation based on competitive advantage (and a potential cost advantage in achieving this differentiation) that is difficult for rivals to quickly or easily copy (because every strategy move a company makes to outcompete rivals and gain a competitive advantage is not apparent from information contained in the FIR and the competitive intelligence report), then manages have to

Answer 1

In order to create a differentiation based on competitive advantage, managers must focus on strategies that are not apparent from financial and competitive reports. This can be achieved through product innovation, strong customer relationships, and effective marketing campaigns.

Step-by-step explanation:

In order to succeed in creating a differentiation based on competitive advantage that is difficult for rivals to quickly or easily copy, managers have to focus on strategies that are not apparent from information contained in the Financial Information Report (FIR) and the Competitive Intelligence Report.

One way to achieve this is by developing unique products or services that are difficult for competitors to replicate. This can be done by investing in research and development to create innovative features or technology.

Another approach is to build strong customer relationships and brand loyalty through exceptional customer service, personalized experiences, and effective marketing campaigns.