A sustainable competitive advantage is gained when a company

Question

BlackTom AI · Accepted Answer

Consider the concept of sustainable competitive advantage in strategic management. 
Option 1: 'has durable competitive assets that are central to its strategy and superior to those of rival firms.' This aligns with the idea that sustainable advantage comes from durable resources or capabilities that are central to a firm's strategy and difficult for competitors to imitate, making it the strongest and most accurate choice. 
Option 2: 'has sufficient resources to expedite its strategy.' While having resources is helpful, merely having sufficient resources does not guarantee sustainability or superiority over rivals; competitors may also have adequate resources, so this is not enough to constitute a sustainable advantage.
Option 3: 'realizes its inherent weaknesses are transformable to advantages.' This suggests converting weaknesses into advantages, which is more about turning negatives into positives rather than leveraging durable, strategic assets that are central and superior; it is not the standard characterization of a sustainable competitive advantage.
Option 4: 'can stand out relative to rivals because of resource utilization.' Merely standing out due to resource utilization could describe differentiation or efficiency, but it does not inherently capture the sustainability and centrality to strategy that define a durable competitive advantage; it may be temporary or not central to strategy.
Option 5: 'has resources in well-populated geographical locations.' Geographic spread or density of resources does not by itself produce sustainability or strategic dominance; location alone is not enough to secure a durable competitive edge against rivals.
Overall, the most precise and conceptually correct statement identifies durable assets that are central to strategy and superior to rivals, capturing the essence of a sustainable competitive advantage.

A sustainable competitive advantage is gained when a company

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