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To browse Academia. Today we are in the world where business organizations dominate global economies. Companies operate under heavy competition and to survive they need to perform little extra than the competitor to give them that edge called Competitive Advantage.
A company must be different to have a unique advantage. If you consider organizations like Wal-mart, Tata, Reliance, you see this competitions played out. Each continues to survive, in some cases to go significantly.
They have done so differentiating themselves. They have shaked out a position that they feel gives them competitive advantage in the eyes of the customer.
Strategy is a search a plan of action, which will give you, your company and your product a competitive advantage. This begins by first looking at where you are and what you have at this point in time. The competitor who is most like you is your most dangerous competitor Tanya Sammut-Bonnici.