Jurnal Ilmu Manajemen Profitability
Vol 7, No 2 (2023): AGUSTUS 2023

Strategies for Achieving Sustainable Competitive Advantage to Enhance Company Performance

Hari Tohar Muljono (Jamkrida Jawa Timur)
Abdul Malik Hasyim (Universitas Muhammadiyah Kupang)



Article Info

Publish Date
31 Aug 2023

Abstract

This study outlines a sustainable competitive advantage strategy aimed at enhancing company performance. Contingency theory is employed to elucidate strategies linked to the external business environment, thereby determining company performance. Additionally, the Resource-Based View (RBV) theory expounds upon the resources possessed by companies, with the intention of bolstering company performance within the context of a highly competitive global business landscape. The method employed in this study involves the utilization of library research methodology (library research). The findings of this study underscore that the strategy employed encompasses a business approach enabling companies to attain sustainable competitive advantage. This encompasses various facets such as the strategy type, strategic mission, and strategic positioning. Fundamentally, a sustainable competitive advantage strategy in business necessitates the identification of opportunities and an ongoing commitment to innovation to differentiate the company from its peers and mitigate imitation risks. Continuous innovation serves as a catalyst towards ultimately achieving a sustainable competitive advantage. Furthermore, the company undertakes a diversification strategy to heighten corporate value. Through diversification, the anticipation is for the company to yield increased profitability.

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Journal Info

Abbrev

profitability

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Profitability: Jurnal Ilmu Manajemen [p-ISSN 2714-6332| dan e-ISSN 2714-6324] yang diterbitkan oleh Program Studi manajemen Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Makassar, jurnal ini menerbitkan artikel hasil penelitian dibidang Ilmu Manajemen. Jurnal ini menerbitkan studi penelitian ...