Posts Tagged ‘competitive advantage’

A phrase coined by Michael Porter to describe a firm that pursues elements of cost leadership and benefit leadership at the same time and in the process fails to achieve neither a cost advantage nor a benefit advantage. (Besanko, Economics of Strategy, Chapter 11)



“Creativity is organic. You can’t plan for it.” read more here Now I wonder if creativity becomes similar to spontaneous order (read this). Creativity is without doubt of benefit to the society and the social system, influencing the competitive advantage of a nation, group, etc. Can creativity be controlled or better yet, should it be […]