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7 Types of Competitive Advantages and How to Develop Yours

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competitive advantages? And how can you develop yours? Here, we will look at seven. And although they address best business practices, they can apply to other aspects of your life too.A first-mover competitive advantage means that you lead the market with a new product, technology, or service.

states it as seeking “unmet demand in uncontested spaces.” And does not necessarily mean inventing a completely new product.For instance, Peirce College in Philadelphia addressed declining enrollment by offering online courses and more associate-degree level programs.

In other words, it addressed the unmet demand of . Study your product and the marketplace thoughtfully. Are there unaddressed audiences you could reach with simple tweaks to your product.

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