Please describe the concept of competitive advantage is cent

Please describe the concept of competitive advantage is central to the study strategic management.

Solution

Strategic management involves creating competitive advantages, in fact the point of strategic management is to gain competitive advatanges to the organization.

When you are working on strategic management you are analyzing your strategy and decide which strategy will provide the organization a competitive advantage and of course you are learning how to implement the strategy.

You want to do a better job than your rival when creating the competitive advanages and this is why the concept of competitive advantage is central to the study of strategy management