How are the four generic building blocks of competitive advantage related to each other? Provide examples.
Ans: The four generic building blocks of competitive advantage: efficiency, quality, innovation, and responsiveness to customers. They are firmly related to each other. Since it reduces waste, the time spent settling imperfections, and the expense of after deals administration and support, accomplishing prevalent quality has a key positive effect on potency. Besides, seeing that superior quality is esteemed by clients builds the company’s customer responsiveness. Correspondingly, the capacity to rapidly develop inventive new items will build an organization's capacity to serve its customers interests. Lastly, it is critical to stay as a primary concern that accomplishing predominant potency, quality, and advancement are all 50% of accomplishing prevalent customer responsiveness.
How are the four generic building blocks of competitive advantage related to each other? Provide examples.