Using the retail industry as the model
Management
Using the retail industry as the model, explain how sustainable competitive advantage can be achieved through knowledge and resources. Evaluate your perspective using a current organization in retail.
�Written communication: Written communication is free of errors that detract from the overall message.
�APA formatting: Resources and citations are formatted according to APA (6th edition) style and formatting.
�Length of paper: typed, double-spaced, 5 pages in length (includes title and references pages).
Most business activities follow similar methods of innovation, advertising and marketing, consumer loyalty programs and other internal activities which are meant to boost success. Due to the increased competition in the market, each business requires a unique strategy that can help consumers differentiate their services from those of other rivals. The retail industry is the most challenging as all companies deal with consumer shelf goods that can be sourced from specific supplies in the supply chain. For a business to stand out in the retail model, it requires to come up with a sustainable competitive advantage through the use of appropriate knowledge and resources. Target. Corp is one of the retail businesses that are making an Impact in the American market due to its use of unique methods to keep consumers and maintain a positive reputation. The best way that an organization like Target. Corp can attain a sustainable competitive advantage is by ensuring that they use their knowledge and resources to carry out strategic plans on the same positive course.