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Influence of Business Strategies in Achieving a Sustained Competitive Advantage

Research output: Chapter in Book/Conference proceedingBook chapter as a result of researchpeer-review

Abstract

Globalization and technological development have imposed a great challenge in the search for business competitiveness. This research studies the business, competitive or generic strategies that favored or disadvantaged the achievement of a sustained competitive advantage in the period 2013 to 2015 in medium and large companies of the Bucaramanga Metropolitan Area (AMB), for which we worked with a sample of 213 of the 685 companies under study, for a margin of error of 5% and a confidence level of 90%. To select the companies that achieved a sustained competitive advantage, those that exceeded the Dupont profitability of their respective national economic subsector in the three years of study were identified. The test of difference of proportions using the t-student distribution with the Minitab-v17® software, allows to conclude at 10% of significance that implementing the differentiation and approach or niche business strategies favored the achievement of a sustained competitive advantage in the companies and period under study. These results allow efforts to be focused by the local government and the business sector towards the improvement of regional competitiveness.

Original languageEnglish
Title of host publicationLecture Notes on Multidisciplinary Industrial Engineering
PublisherSpringer Nature
Pages66-75
Number of pages10
DOIs
StatePublished - 2021

Publication series

NameLecture Notes on Multidisciplinary Industrial Engineering
VolumePart F40
ISSN (Print)2522-5022
ISSN (Electronic)2522-5030

Bibliographical note

Publisher Copyright:
© 2021, Springer Nature Switzerland AG.

Keywords

  • Business strategy
  • Competitive strategy
  • Generic strategy
  • Superior financial performance
  • Sustained competitive advantage

Types Minciencias

  • Scientific events with a public engagement component

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