What are the Consequences of Competitive Disadvantage?
The consequences can be severe and include:
1. Loss of Market Share: Competitors may lure away customers, leading to reduced sales. 2. Decreased Profitability: Higher costs and lower revenues can squeeze profit margins. 3. Talent Drain: Employees may leave for more successful companies, leading to a loss of institutional knowledge. 4. Brand Damage: Persistent issues can tarnish a company’s reputation, making it harder to recover.