competitive-edge

Vocabulary Word

Definition

'Competitive edge' is something unique or different that gives you an advantage over others, like a special skill, product, or service you offer that others don't have.

Examples in Different Contexts

In tech companies, a 'competitive edge' could be cutting-edge technology or innovation. A tech CEO might comment, 'Our AI-driven solutions provide us with a significant competitive edge over traditional software firms.'

Practice Scenarios

Business

Scenario:

While our product is already great, it's crucial to stay ahead. What can we do differently from our competitors?

Response:

Investing in sustainable packaging might provide us the competitive edge as there's a rising demand for eco-friendly products.

Tech

Scenario:

We've implemented the newest AI technology in our latest model. What can we boast about to get consumers interested?

Response:

Emphasizing our state-of-art AI functionality could give us a competitive edge by attracting tech enthusiasts.