Sustainable competitive advantage

In marketing, sustainable competitive advantage is an advantage that one
firm has relative to competing firms. It usually originates in a core
competency. To be really effective, the advantage must be:

  1. difficult to mimic
  2. unique
  3. sustainable
  4. superior to the competition
  5. applicable to multiple situations

Examples of company characteristics that could constitute a sustainable
competitive advantage include:

   * superior product quality
   * extensive distribution contracts
   * accumulated brand equity and positive company reputation
   * low cost production techniques
   * patents and copyrights
   * government protected monopoly
   * superior employees and management team

The list of potential sustainable competitive advantage characteristics is
very long. However there are some commentators that claim that in a fast
changing competitive world, none of these advantages can be sustained in the
long run. They claim that the only truly sustainable competitive advantage
is to build an organization that is so alert and so agile that it will
always be able to find an advantage, no matter what changes occur.

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