Reflecting on one of the following competitive sets, how much longer do you think the leading company can sustain its competitive advantage? What specific actions could allow the leader to extend their advantage?

When reflecting on the competitive set of a leading company, it is important to consider how long they can sustain their advantage over others in the same industry. This will depend on certain factors such as market conditions, strategies implemented by competitors and the resources available to them. For example, if a company has heavily invested in developing a new technology that has yet to be adopted by its rivals then it could provide them with an edge for longer than expected. On the other hand, if their rivals are able to quickly catch up and out innovate them then this lead may not be sustained.

In order to maintain or even extend their competitive advantage, companies should focus on continuously innovating while staying ahead of trends in their industry. They must also think strategically about where they allocate resources; using them wisely in areas that have been identified as key drivers of growth and success. Additionally, investing in strong relationships with partners or customers can help create loyalty which will benefit them over time and further protect against potential disruptors entering the marketplace.

Overall sustaining an advantageous position over competitors takes effort but with careful planning and smart investments there is potential for businesses to extend their lead within any given market.