The capacity of one person or group to perform better than another in a specific market or industry.

This statement describes the concept of "competitive advantage." Competitive advantage refers to the attributes or strategies that allow an individual, group, or organization to outperform their competitors in the same market or industry.

Here are some aspects to consider regarding competitive advantage:

1. Differentiation: This can involve offering unique products or services that set a company apart from its competitors, attracting customers who are looking for something distinct.

2. Cost Leadership: Organizations can achieve a competitive advantage by being the lowest-cost producer in their industry, allowing them to offer more attractive pricing to their customers.

3. Focus Strategy: Some companies achieve competitive advantage by targeting a specific market niche, tailoring their products or services to meet the unique needs of that segment.

4. Innovation: Continuous improvement and innovation in products, services, or processes can give a significant edge over competitors.

5. Customer Relationships: Building strong relationships with customers can result in loyalty and repeat business, further enhancing competitive advantage.

In summary, the capacity to outperform competitors is often gained through strategic initiatives in differentiation, cost management, focus on niche markets, innovation, and customer engagement. Organizations continuously assess their industry environment to maintain and enhance their competitive advantage.