Reducing efforts in long-standing competitive factors can have several benefits. It can help a company to focus more on areas that are underserved and differentiate itself from competitors. This can lead to the creation of unique value propositions that can attract more customers. It can also help in resource allocation, as resources can be diverted from these long-standing factors to areas that can potentially yield higher returns. Lastly, it can lead to cost savings, as efforts that do not contribute significantly to the company's competitive advantage are reduced or eliminated.
What’s the best way to turn business challenges into strategic opportunities? With a structured case...
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