Acid Tests of Competitive Advantage
The corporate advantage paradigm of Collis & Montgomery (2005) is expanded and operationalized using six acid tests of corporate strategy that facilitate efficacy comparisons across diversified firms. The best corporate strategy is balanced on all dimensions and creates the desirable outcomes of superior competitive advantage for the firm’s business units, operating synergies across family members and a robust resource renewal process that provides appropriate resources for the firm’s future success.
Source: Working Paper
Harrigan, Kathryn. "Acid Tests of Competitive Advantage." Working Paper, Columbia Business School, 2010.