The Industrial Revolution is defined as the sudden burst of industrial activity that emerged first in England, eventually spreading throughout Europe, America and other parts of the world. However, this sudden spurt of industrial activity was a result of a long-term development caused by combination of factors. Although the Industrial Revolution happened around two centuries ago, the evolution of lifestyle beginning from the Middle Ages proves to be significant in the development of the Industrial Revolution.
Many centuries ago, the manorial system dominated the face of England. In this system, the lords owned a large area of land with serfs and ...
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Introduction
Competitive advantage is the ability of a firm that it develops in relation to its competitors that allows it to outperform them (Peteraf, 1993). If a firm can outperform competitors consistently, then it is called sustainable competitive advantage (Rodrigues and Dorrego, 2008). For example, Apple created groundbreaking products like iPhone, MacBook and iPad better in quality and features than others and its continued success and the never declining popularity of its products provides the company with a competitive advantage over its competitors. Sustainable competitive advantage cannot be developed overnight; rather it is built slowly over a period of time based upon unique competencies. ...
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