Strategic Competitiveness has been defined as an outcome achieved when a firm successfully formulates and implements a value-creating strategy that cannot be duplicated, or is too costly to imitate, in the short-run by another entity or individual.*
Professor Harvey Kahalas has integrated strategic competitiveness at the Stuart School of Business, and created a more robust definition that identifies six specific components that are necessary to function effectively in the Next Economy.** This concept combines radical innovation with market savvy and bold leadership leading to organizational sustainability.
At the Stuart School of Business, the concept of strategic competitiveness is integrated throughout all of our academic programs, in our research, and in our student, alumni and community engagement efforts.
*Definition from Hitt, Ireland, and Hoskisson in their book, Strategic Management: Competition and Globalization.
**Our approach builds upon the Hitt et al. construct, as well as work previously done by Michael Porter at the Harvard Business School and C. K. Prahalard at the Michigan Business School.
Webpage content adapted from research text prepared by H. Kahalas, August 2007.