Why is competitive advantage important to organizations?
What will be an ideal response?
The competitive advantage of an organization is its set of distinctive capabilities that give it a cost advantage or a
differentiation advantage over the competition. Companies leverage their competitive advantage to succeed
against other competitors in the market. For example, Hilton claims that its proprietary check-in computer system
gives it a competitive advantage. The system improves guest recognition during check-in and provides more
enhanced levels of service through real-time computer access to guest preferences.
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In a ______________ partnership, the limited partners' liability is equal to their share of ownership.
Fill in the blank(s) with the appropriate word(s).
You know that you are on the way to peak performance when you
A) are beginning to feel some fatigue from the task. B) receive the coaching that you need to perform well. C) engage in multitasking. D) totally focus on what you are doing.