Are You Developing a Competitive Advantage?

In [The Start-up of You authors Reid Hoffman and Ben Casnocha teach that we’re all entrepreneurs of our own careers. They argue that to become competitive in today’s global market, it’s critical to understand your assets (what you’re good at), your aspirations (what you want to do), and the market realities (what people will pay you for).

As you look at your work history, think of these three areas as puzzle pieces. Having only one or two isn’t enough. You need all three to develop a true competitive advantage.

You’ve likely heard the axiom, “Find a job you love, and you’ll never work a day in your life.” This may be true for some, but blindly following passion can lead to an unsustainable career. I’ve found Hoffman and Casnocha’s framework more practical. Know your assets and aspirations in light of the market realities—then pursue a path that maximizes all three.

Generally speaking , competitive advantage refers to the actual or perceived advantage that a competitor has over his competitor for a specific competition, even before both have begun their efforts ,due to some inherent qualities.
Consider these examples-
(1) china will have a competitive advantage over any other country over production of electronics goods if a same contract is given to both, due to its cheaper labour, which works (made to) overtime.
(2) for cattle leather exports , India has a comparative advantage, because it has the largest cattle population.