While the business model also addresses how that value will be captured by the firm, strategy goes further by focusing on building a sustainable competitive advantage.

当然有时候商业模式也睡致力于公司对价值的直接获取，但是策略是为了进一步建立持续的竞争优势。

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Mr Blankfein rose to the top arguing that wearing lots of hats-underwriter, adviser, marketmaker, investor-could be a competitive advantage if the firm managed its potential conflicts carefully.

Blankfein先生提高声调争辩说，具有多重角色，承销商、财务顾问、坐市商，投资人，如果公司小心地管理潜在的风险，是可以具有竞争优势的。

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Existing processes become obsolete and the firm must upgrade to remain competitive.

现有的进程过时了，公司必须升级以保持竞争力。

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So this will be the monopoly quantity for Firm 2 and this is the competitive quantity of Firm 1.

这里表示公司2的垄断产出,这里是公司1的完全竞争产出

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Little, a consultancy, ranks Reliance as the most competitive firm in India and among the top ten in Asia.

ECONOMIST: Indian petrochemicals

Furthermore, the financial losses of a less competitive firm stemmed from the new profits of several more competitive firms.

FORBES: Ron Paul, Greece and the Tin Standard

Paul Bernard of Goldman Sachs, an investment bank, thinks that it is the most competitive petrochemicals firm in Asia.

ECONOMIST: Indian petrochemicals