“Victory Motorbikes is a motorcycle manufacturer located in Spirit Lake, Iowa, United states of america, which commenced production of its cars in 1998. The parent organization, Polaris Industrial sectors, created the firm following the modern day success of Harley-Davidson. Victory’s motorcycles are created to compete straight with Harley Davidson and similar American-style motorcycle brands, with V-twin engines and touring, sport-touring, and cruiser configurations. The first Triumph, the V92C, was declared in 97 and began selling in 1998. Victory continues to be modestly rewarding since 2002.
Proper Thinking Your decision for Polaris to mix up its operations into motorbike production simply by creating the Success Motorcycle manufacturer was founded inside the Resource Structured View (RBV) of proper thinking.
The company’s idea to get diversification was sound; however , their understanding of the market mechanics and market geography might have been limited. In 1993, when ever Polaris’ Basic Manager for brand spanking new Products, Ellen Parks, noticed that the wait time between the buying and delivery of a Harley-Davidson was long, he realized that there was a possibility available for Polaris.
The opportunity was not without risk though as Harley commanded much of the business due to its name brand recognition and the fact that it absolutely was virtually the sole American-made motorcycle available for purchase. Leisure areas and his relate, Bob Nygaard, Polaris’ Yamaha, Division General Manager, realized that the limitations to enter the forex market and take advantage of Harley coming to the limits of its creation capacity would be high. Many of these barriers included adequate development facilities, design capability, and distribution, all of which existed and were under-utilized Polaris methods.
In addition , start-up costs were expected to end up being high. Essentially of Polaris’ strengths were its good manufacturing capacities. In 1954, Polaris Companies began by simply producing snow tracks. They developed a top quality snowmobile together loyal consumers, but the snowmobile market, by definition, is usually seasonal. Because of this, the company was not utilizing their resources year round. To deal with this seasonality, the company diversified into all-terrain vehicles (ATVs) in 1985. Similarly, in 1992, Polaris again diversified its product line to incorporate personal watercrafts (PWCs).
Shortly thereafter, that they began exploring their following product enlargement. Their production of snow tracks, ATVs and PWCs leaped by season, and do run along year round; nevertheless , Polaris had not maximized all their use of most company methods. The company failed to have enough job to keep every one of its work force employed year round, yet were still required to hire seasons workers to fulfill peak demand production. It absolutely was evident to Polaris’ administration team that company assets could manage more development capacity.
Along with its good manufacturing functions, Polaris got robust engine production and injection molding facilities. Additionally they had an proven dealer and service network with above 2, 500 locations. Polaris had the strategic possessions to consider expansion into motorcycle developing, and the existing infrastructure which keeps their first outlay costs down. Therefore , in taking into consideration the expansion in to another manufacturer product line (i. elizabeth., motorcycle production), capital costs for another new product line more than likely be too cost prohibitive.
Much like any enlargement, costs had been a major concern. These were maybe more important in this decision as Polaris was planning to compete directly with Harley-Davidson (and to some extent, the Japanese motorcycle manufacturers). At the heart of their decision, the core expertise that Theme parks and Nygaard wanted to take advantage of was Polaris’ manufacturing potential and price control, as they thought Harley was the majority of vulnerable in these areas. The studies in the external marketplace and of Polaris’ facilities demonstrated that the capability as well as the demand were there.
According to Parks, “the manufacturing features and technological know-how necessary to produce cruising motorcycles seemed inside Polaris’ grasp. Nygaard, on the other hand, experienced reservations. “Let me promote against cost, let me offer against features and benefits, let me sell against even more advertising, and i also can find ways to do that. Help me to sell up against the lifestyle, with loyalty that is certainly as excited as We have ever noticed on any kind of product (Harley-Davidson). To sell against an image is extremely, very difficult, and this was my personal biggest matter.
To offer against an image, and what some might call “a life style, is in which Polaris would have their finest challenge. That they could not just equal Harley-Davidson in competition, because they will weren’t competing against only a motorcycle. Polaris was competing against Harley’s American motorcycle image. To compete with an established reputation, Polaris would have to be better than Harley. They would need to outperform, out-handle, and be the “best-in-class. This concern would be a taller order, and would need Polaris to execute this plan in “cost-savings mode.
Polaris did have got advantages in having several different product lines, good quality control and loyal clients. And as Polaris’ management crew knew, buyers aren’t dedicated to your product if you have low quality control. This will mean that Parks’ team would need to determine the ultimate way to reduce costs with no cutting corners in top quality. Polaris would need to be careful with what it outsourced, and what vertically incorporated into their operation in the interest of top quality control. Area that Recreational areas determined must stay under one building was the shape production.
A lot of testing and study went into the Victory design in order to provide superb handling. This kind of depended on exact geometric power over the body and its welded. Another item Parks realized Polaris need to innovate and control was your manufacturing with the engine. Those two things gives Polaris the “power and performance they will needed to be competitive against Harley davidson. Another resource Marks and Nygaard considered was the resource of their customer base. They recognized from studies that there was demand for a motorcycle series.
While this kind of resource was factored into all their decision making, where they faltered was not completely realizing an additional resource from the “unrealized consumer. The surveys they used had been from the Polaris magazine that may be distributed to existing and former buyers. While this kind of did let them have an accurate determine of this narrow customer market demand, their particular knowledge of other market was limited. This kind of fact was ultimately proven by the fact that their new product virtually sold out once this hit the market.
Polaris has a great market share in the recreational vehicle (e. g., snowmobile, ATVs, PWCs) market. Yet , this same marketplace make-up can be not the same as the industry that Harley davidson exploited if the sales of its motor bikes boomed inside the 1980s and 1990s. Though their intention was to keep their strategy focused selling off through all their dealerships, the initial failure effectively identify the marketplace potential was perhaps Polaris’ biggest blunder and missed opportunity. The “die-hard Harley davidson rider will probably never keep Harley, but the “yuppie business, mid-life turmoil guy is exactly who Polaris should marketplace to.
Dr. murphy is the guy which has no connections to a Harley davidson, but merely wants an American Cruiser “that sounds cool, and you can the customer many appreciative associated with an innovative design and style that is simpler to ride. That isn’t the customer that will buy farm implements and lawn-mowers. He is driving his BMW into a nice cafe on a Wednesday. He is the guy who wants to look like a rebel motor cyclist even though he could be not. The Victory fans are actually incredibly technical motorbike riders, as well as the image of the Harley is less important to all of them than which can be the better bike. With this sense, Polaris was actually capable of enlist the newest wave of biker.
Pertaining to the reasons established above, Polaris’ decision to diversify into motorcycles was a good 1. It was in a position to leverage its core competencies, customer base, cost efficiencies, and ultimately get enough with the motorcycle marketplace to begin creating profits. I/O Model and the RBV Models The Industrial Organization (I/O) version “specifies the fact that industry where a firm decides to be competitive has a stronger influence for the firm’s performance than the actual choices managers make inside their organizations. “Grounded in economic theory, the I/O model offers four underlying assumptions.
1st, the exterior environment can be assumed to impose challenges and constraints that identify the tactics that would bring about above average comes back. Second, the majority of firms rivalling within a particular industry or perhaps industry part are believed to control comparable strategically relevant resources also to pursue comparable strategies because of those assets. Third, assets used to implement strategies will be assumed being highly mobile phone across firms. Because of useful resource mobility, any resource difference that might develop between firms will be short-lived.
Fourth, company decision manufacturers are assumed to be rational and committed to acting in the firm’s best interests, as proven by their income maximizing behaviours. As noted previous, part of Polaris’ overall organization strategy was your manufacturing of snowmobiles, ATVs, and community electric cars. In the early on 1990s, it began focusing on the external market via mergers and acquisitions (M&A). Polaris applied the I/O model in many aspects of it is M&A making decisions, particularly in studying the external environment and determining an industry with high possibility of above-average earnings.
In analyzing the exterior environment, several off-road motor bike acquisition chances and a motorcycle division opportunity were identified, which usually caused Polaris’ management staff to begin doing research of both the dirt bike and street cycle motorcycle businesses. As a result of the interest these possibilities generated, management conducted “over 300, 500 surveys through the company’s Soul magazine intended for Polaris fans to evaluate readers’ interest in buying a wide selection of products coming from Polaris.
One of the results of the surveys was that there is a strong involvement in motorcycling. Managing also hired two external consulting businesses to assist all of them in further conducting study. Bob Nygaard commented on the research, which showed Polaris “could get to the market with a bike we could make money, and the large cruiser end of it was certainly whatever we wanted to focus on because which where the figures were, which is where the margin was. As for strategy implementation, contained in Polaris’ strong points was it is high level of quality executive.
It is in this area that management at Polaris utilized the RBV model, which “assumes that an individual firm’s exceptional collection of resources and functions, rather than the strength characteristics from the industry through which it competes, is the major influence within the selection and use of their strategy or strategies. Polaris surely could utilize its own engineers to design and build a “signature engine that it believed was essential to their accomplishment as a company of an American cruiser motor bike.
This decision to inside develop their engines was also lined up with the business decision to start with its own engine manufacturing functions. In addition to building its very own engines, Polaris also determined that the framework handling was a top priority. Therefore, “The Win development team began a great in-depth benchmarking study by obtaining and extensively road-testing a number of the competitors’ cruisers¦ The study was not completed copy the actual competitors made, but to recognize the best with the traits and after that utilize that knowledge to develop a superior body.
From that knowledge, Polaris designers were able to style a framework that achieved the goal of superior road handling, and then reconfigure its own engine design to slip the framework design. Even though other areas of the motor bike design were outsourced (e. g., rims, brakes and front forks), the Success development team also designed and made its own master brake cylinders, suspension forks, and rear end suspension.
The end result was that Polaris was able to make use of its unique concrete and intangible resources in individuals, its main competencies in engine and chassis design and style, and economic strength to produce a successful original, which was later on launched into full creation. As known earlier, to sell its Win motorcycles Polaris relied only on it is dealer network. The decision on how to distribute the motorcycles was a deliberate 1 as, “The Victory was created to eventually help Polaris influence its existing manufacturing base, and provide cross-selling opportunities to its entire network of more than two 1, 000 dealers.
Using the I/O Model to recognize opportunities and threats provided by the exterior environment, and coupling those with its inner competitive features of design, production, and advertising, Polaris surely could design a means to00 develop, produce, and spread its Success motorcycle. And although we certainly have not specifically addressed the Stakeholder Model of Responsible Company Behavior and Firm Overall performance, which focuses on creating competitive advantages through stakeholder relationships, Polaris’ managing team was able to create benefit by simultaneously managing the internal and external shareholders (e. g.
, its customers, suppliers, personnel, and owners of the company), and become an effective organization by learning “¦ how to properly integrate the info and expertise learned coming from each unit. Business-level Strategy By using the business-level technique of differentiated focus, Win Motorcycles surely could leverage all their resources to gain market share inside the heavy cruiser market recently dominated by simply Harley-Davidson. Leisure areas and Nygaard knew that cutting in to Harley’s market share would be hard, especially presented the Harley legend and established custom of over a century of building “the American motorcycle.
Therefore , it was imperative to possess a tight concentrate on exactly how they will could use all their core competencies to innovate more efficiently than Harley. Possibly the biggest benefit that Win had is that they started which has a clean standing, where to ensure that Harley to innovate they can have to conquer 100 years to do things the “Harley way. Harley knew they will served a really specific buyer who wished a traditional American motorcycle. To betray that customer, should be to betray their very own roots and their customer base.
This kind of made Harley slow to maneuver in new directions. Actually Harley’s initially move in a new direction was actually spurred in by the need to “compete with Japanese and American muscles bikes. The V-Rod represented Harley’s first attempt for something new and was debatably in response to Victory going into the market. (The V-Rod premoere appearance in 2001. ) Also, it is interesting to make note of that hard-core Harley riders shunned the V-Rod mainly because it was first released as being “a flop. Polaris, alternatively, had none of this baggage as to what a Victory bike “should always be.
Parks and Nygaard saw the absolute right place in the market for these to focus was where Harley davidson was not meeting demand inside the heavy cruiser market. These people were able to take those best concepts from Harley and Honda. They also looked over Yamaha, Ducati and THE CAR. Their organized analysis with the best and worst coming from all these well-liked cruiser manufacturers allowed Success to “build the better mousetrap (motorcycle). Parks knew not only can they develop a better cycle, but that they could undertake it for less cash than Harley davidson.
When evaluating every part via a Honda Shadow and a Harley davidson FXRS, the team very carefully regarded what it can outsource intended for better price control, and what they will manufacture to ensure the best quality control. Pieces like the rims, certain body parts, ignition coils, shocks, lower end of the motor, brakes, and front forks could be outsourced with wonderful quality and cost control. The Polaris team knew that they could draw prove core expertise in the areas of engine assemblage and body construction.
Simply by no small coincidence, they were also two areas that will allow them to outperform Harley. Similarly, when it came to the distribution with the Victory bikes, Parks recognized that utilizing the established Polaris dealers he would keep the approach focused. This kind of decision will allow for those the majority of committed to the Polaris brand to market, services and sell the bikes. Also, he understood that the proven Polaris consumers were confident with the Polaris product line and would relate that same level of comfort, perfromance and quality of the business other products with the new on-road Triumph motorcycles.
Rival Analysis In completing a competitor evaluation for Triumph motorcycles, one particular must at first consider the global public plan environment. With this completed, consideration of major opponents, their aims, assumptions, strengths and weaknesses can then be carried out to obtain a even more complete picture of the market and gain insights how Victory is positioned to enter in the motorcycle marketplace. In an progressively environmentally conscious world where the gas efficient bike is becoming a more practical method of travel, this pattern suggests a growing global marketplace.
This environmental conservation tendency also advises a need pertaining to emerging technology to produce crossbreed or electric power bikes especially for categories especially targeted towards commuters. As well, as emerging economies set out to realize the key benefits of economic progress, there are even more people who have satisfactory disposable cash flow to enjoy the luxury of fun motorcycles. The emergence of China as a low cost service provider of various products, including motorbikes, also suggests the probability of increasing pressure on cost and price.
Other than raising regulation to reduce pollution, you will discover no obvious regulatory developments that present signs the motorcycle market is facing challenges to get growth. The most important foreign rivals are the Japanese manufacturers, generally Honda, Yamaha, Kawasaki and Suzuki. These firms entered the united states market in the early 1970s, and over another two decades came to dominate the industry with regards to sales volume and business. The Japanese corporations were able to control by providing technologically innovative, simple to maintain motor bikes that were less expensive than the offerings of the marketplace leaders at that time (i. elizabeth., Harley-Davidson, the British firms, and BMW).
The price benefits gained through innovative value chain management, sleek patterns, and technologically advanced products had been winning competitive advantages generally in most categories and were the Japanese companies’ very best strengths. Although the Japanese producers were able to go Harley-Davidson’s market share, their motorcycles were generally viewed as Harley imitations and were hardly ever accepted as a replacement for the American bike.
The Japanese companies had different products by off road recreational vehicles to cars, which allowed these to take advantage of financial systems of scale and opportunity in manufacturing. This diversity meant they had adequate production capacity and could leveraging their networks of dealerships and their brand name. They could also introduce new models for the market within a shorter time, compared to the classic suppliers. A lot more technologically advanced, more affordable to purchase as well as products become a huge hit to a youthful population who have over time could help grow a dedicated customer base intended for heavy cruisers.
On the other hand, in the heavy cruiser market, they could not compete against the Harley-Davidson brand and image. Western bikes offered little after-market options and were not since easily custom as a Harley. Although regarded as “imitation Harleys, these were still supplying new versions and developing a customer base in the large cruiser section using the competitive advantages recently described. They were also growing internationally in this segment. These businesses held a respected position within a market they perceive as lucrative and growing and were going to stay in that.
The only various other significant rival in the cruiser market is THE CAR, a German born manufacturer together with the advantage of good engineering understanding. BMW gives a line of elegant, nice and comfortable bicycles. They have a good reputation available in the market, which allows these to charge reduced price above similar motorcycles. They have a fairly small business compared to the Japanese people competitors and is considered a relatively new entrant into the top quality cruiser industry. BMW is probably less of your competitor to Victory his or her product is pricey.
Several other international competitors, just like Italian corporations Ducati and Motto Guzzi, Canadian Bombardier, and Uk motorcycle corporations such as Success and Norton were creating new versions that were growing in popularity. Monitoring the emerging marketplaces suggests that for least two Chinese producers are broadening into global markets they have access to and American businesses are shut out of (due to political sanctions), and have a new chance to produce their ideas. All of these various other competitors encountered similar problems to gain significant market share inside the American market.
They were certainly not American businesses and would not have the brand equity that either Harley davidson or the Japan motor bikes experienced earned. The second challenge associated with price, plus the cost to manufacture and distribute in the US, a competitive advantage japan had perfected and that was still being illusive to numerous of the Western european competitors. Although perhaps the most critical insight coming from monitoring these competitors was an understanding that this is a huge and growing market which has room achievable innovative items, and is desirable enough to warrant the interest of many competitors.
The Polaris strategy to brand and market their bicycles as the “other American motorcycle positions Polaris to cater to a rather different client in the motorcycle market than its overseas competitors. When it is true that the number one announced reason for purchasing a Harley is that it is an Made in america bike, after that Victory fully qualifies. The strategy of pricing their bikes slightly less than Harley-Davidson also signaled to the client that they are within a similar category with Harley. This charges differential distinguishes them through the low cost supplier stigma whilst setting all of them apart from the expensive luxury item.
Along with effective pricing, Polaris could take advantage of the economies of scope and learning by leveraging their existing manufacturing capability and executive “know how, which in turn allowed these to maintain healthy margins. The most important threat through the Japanese is that they can bring new technology to market quickly to take on Polaris; however , it should be recalled that Polaris had successfully taken in these same corporations in other companies outperformed all of them, which suggests that Polaris is able to do that again.
The legendary Harley-Davidson, seemingly unbeatable in the heavy cruiser segment from the industry, includes a number of positive aspects, the most important of which beyond any doubt is the manufacturer equity and mind present to its customers. “It’s The one thing for People to get your Product or Service, yet It’s One more for Them to Printer ink It On Their Body. This allegiance provides Harley davidson with a solid, loyal consumer bottom. Harley-Davidson also enjoys the advantages of a large dealership network providing you with parts, services, and accessories.
A Harley davidson bike is usually an very easily customizable product catering to a customer base that appreciates this individualization, and also the fact that absolutely free themes can maintain their bikes themselves. On the other hand, if the buyers choose to, they will always be based upon the large network of Harley davidson mechanics. Even more, Harley-Davidson motorcycles retain all their after sales benefit more than some other bike out there, which to some makes them economic investment. Very important to note, Harley-Davidson is the simply large business company that is certainly completely aimed at heavy motor bikes.
Harley-Davidson will not make any other type of car. Conversely, Harley cannot take advantage of some of the economies of size and scope that additional providers do in this market. At the time that Victory was surveying the market, Harley’s creation was capability constrained, and unable to deliver product quickly enough to clients. This kind of delay in delivery was frustrating several customers and allowed japan competitors to gain market share. In the time the Win entry in to the motorcycle market, Harley-Davidson experienced shown very little recent creativity or technology advancement.
Harley’s main product required a professional driver, which usually effectively taken away some new customers. The motorcycles were also expensive in general, and some of the developing techniques suggested that the cost of making them was too high. The brand name name durability of Harley-Davidson, and its notices to expand capacity, equally suggest that Harley-Davidson has the ability to stand up to competition also to reduce price instantly like a response to an important new threat into the industry.
The fact that Harley-Davidson was expanding their very own dealerships internationally, and did not have plans to diversify goods beyond the motorcycle sector, suggests that Harley davidson views it is market as a lucrative and attractive portion to stay in. There are numerous other American suppliers in whose attempts to unsuccessfully enter the market only proved the high obstacle of admittance caused by expensive production facilities and the lack of engineering competence. Those brands that do produce it will be niche businesses that no longer compete inside the same section as Success.
In summary, Success can produce more technologically advanced, streamlined looking, significantly less expensively-priced American bikes than Harley, and they can do it with an existing faithful customer base that is less prejudiced than average. Polaris also has manufacturing capability and architectural knowhow to overcome industry entry boundaries, suggesting that Polaris is definitely well positioned to compete with Harley-Davidson, even though on a small scale. Offered the small business Victory can be initially expected to take, Harley-Davidson may not react to them at all.
If Harley were to respond to Victory’s admittance to the industry, they may increase production ability, decrease selling price, adopt new technology into their product, and try to discredit the Victory brand since simply being another bogus Harley. The strategy to get started distribution in the Victory motorcycles through Polaris dealerships permits the company to take advantage of the loyal Polaris enthusiasts, and influence that loyalty to break the original stigma of being a Harley imitation.
Along with the pricing technique described earlier, Victory must be able to withstand the pressure by effectively wedging itself within a space available in the market that is among Harley and the Japanese suppliers. Victory appears well located to contend profitably and grow continuously in the heavy cruiser industry. Synergies and Economies of Scale (“On-Road Vehicle Division) The story of an “on-road vehicle split within Polaris seems like an all-natural progression in furthering Victory’s success over the past decade.
Following a same approach that launched and founded Victory, Polaris can leveraging its financial systems of range and finding out how to enter an adjacent industry. Polaris is using this strategy consistently as a path for sustainable growth. Another interesting issue might be “What will that division produce? The answer was a smaller sized, sportier go to capture the eye of the more youthful generation of riders, which often might turn into a longer term consumer bottom for its weighty cruiser or possibly electrical automobiles in anticipation of increasing pressures stemming from growing fuel prices and pollution issues.
In July 2009, Polaris announced its on the road division’s first product ” a low emissions electric “Neighborhood vehicle. If their strategic plan of moving into adjacent segments continually reap benefits, this action might result in a ten years that experiences Polaris’ initial electrical large cruiser, wedding caterers to the ” by then ” aging reentry to the motorcycle market of Generation-X being a more environment friendly customer. No matter the outcome, this certainly signs a continuation by Polaris of a enriching strategy that gives the potential of sector disrupting development by Win.
Announcing which the management team who created the Victory manufacturer from scratch will lead the brand new on-road department suggests a renewed give attention to Victory as well as its motorcycle business. With the strong Victory manufacturer as the cornerstone from the new section, the possibilities of entry in to other segments of the bike market was greatly increased. In essence, the announcement in the on-road department was an extension of Polaris’ announcement of its purchase of the independently owned American indian Motorcycle firm, which further signaled the intentions to expand their foot produce into the bike industry.
Because of the acclaim that Victory had achieved before decade with all the development of the cruiser distinctive line of motorcycles, it seems only all-natural that their expansion in to Polaris’ “on road automobile division would come in the lines of motorcycles and energy efficient automobiles. The company acquired long shown its creation in creating lighter and easier to take care of motorcycles, and with the strategic field of expertise into an “on road division, the logical development was to opportunity into energy-efficient bikes and automobiles.
The new competitor, Zero Motor bikes, was already getting notice in the commercial press, and the market, by simply producing electric power dirt bikes. Given Victory’s passion to compete and additional carve out a niche for itself, electric automobiles were rapidly to follow. In addition , given their experience and expertise with off road automobiles, such as its Ranger Side-by-Side ATV, and also the environmental concentrate for lower vehicle exhausts, the move into electric power and cross types “on roads would not be far lurking behind. By September 2009, Polaris was already advertising its electric, full-size utility vehicles.
“With Gas rates soaring, and the emphasis on conserving the environment, even more people are turning into “eco-friendly. From the influx of cross types cars, energy-saving appliances, and in many cases energy efficient bulbs, Americans take notice of the environment and saving money in the process. By using the focused strategy approach of energy efficient and electric cars to enter the “on road market, Polaris can steer clear of direct competition from significant automobile suppliers, who can employ their many manufacturing history and experience to their advantage.
Considering that the electric automobile segment is known as a new field for all corporations, Polaris may utilize all their more recent learning experiences to be competitive in the market much faster in this area than after they entered the cruiser part. Also, seeing that much of it is pedigree and experience lies in engine manufacturing, it is likely that Polaris will continue its entrance into the driving, energy efficient motor vehicle sector through acquisition or joint venture partnerships.
Additionally , the entrance in to “on road energy efficient vehicles would present substantial difference from Harley davidson, and further diversify the Polaris offering. In October 2011, Polaris announced an investment in Brammo, Incorporation., an electric vehicle company situated in Ashland, Or. Its initially production electrical motorcycle, the Enertia, is usually assembled in Ashland which is selling online via the provider’s website, at select Best Buy stores in Oregon and California, and ironically, at select Harley davidson Davidson dealers. Polaris
is showing interest in electric propulsion for some time, making an electric variation of its Ranger Side-by-Side, and more just lately buying up Global Electric power Motorcars (GEM) from Chrysler. As one publication put it, “This latest maneuver likely signals the addition of spending quiet drivetrains to ATVs and motor bikes under the global giant’s brand¦ Other Proper Techniques Concept of Sustainable Competitive Advantage “A sustainable competitive advantage is possible only after competitors’ work to duplicate the value-creating strategy include ceased or fai.
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