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. 2021 Feb 18;71:102019. doi: 10.1016/j.resourpol.2021.102019

Table 5.

Conceptual framework of transforming traditional competitive advantages into competitive advantages based on core competencies.

Parameter Traditional competitive advantages Competitive advantages based on core competencies
Main competitive strategy of the company Cost leadership strategy Cost leadership strategy and differentiation strategy
Strategic goal of the company Reducing costs Reducing costs and creation of additional customer value
Approach to strategy creation RBV + MV RBV + MV + Сore Competencies
Key foundation for competitive advantages creation Tangible assets Intangible assets
Key resources Mineral, production, logistics Intelligent, organizational, digital
Type of vertical integration Backward integration Forward integration
Business modelflexibility Flexible production model Flexible sales and services model
Profit increment Production Sales and services, digital solutions and offerings
Investments In production facilities In R&D, intellectual capital, digitalization
Diversification Production Sales and services
Type of competition Price competition Price, product and services competition