How can a firm form a sustainable competitive advantage and maximize the revenues and profits?

Question

Ahmed Sharab · Answer

Outstanding products, with excellent management of products lifecycle + preparing more outstanding products to be ready to be distributed when the current ones get expired (Boston Matrix Strategy for example) + deep understanding of clients needs, demands, and behaviours for effective transformation of those needs to products & services + market & industry (including competitors) contineous & effective mind+ continueing innovation & development

Deepak Nair · Answer

Either through price or through product/service differentiation.It  may not be a sustainable option as other firms tend to imitate and one needs to constantly innovate to find new ways to stay ahead of the competition.

Nasir Hussain · Answer

Through innovative marketing and remarkable customer service.

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How can a firm form a sustainable competitive advantage and maximize the revenues and profits?

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