BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Comparative advantage is the accomplishment of a high level of productivity that is characterized by efficiency in the context of lean and quantifiable management. Strategic planning generates the blueprint of what an organization intends to accomplish.

Detailed explanation-2: -Competitive advantage is central to the study of strategic management. Few reasons are as follows: Competitive advantage strengthens the position of a company in the tough market conditions. Competitive advantage help in the strategic development of organizational functions like HR, Marketing, production, and so on.

Detailed explanation-3: -Organizational competitiveness pertains to the ability of any business/company to utilize its resources optimally and sustainably for maximum performance and productivity. If strategy implementation is efficiently employed, organizations can achieve comparative advantage.