Tag
Entries tagged competitive advantage.
3 entries
A structural feature that lets a business keep earning excess returns while competition tries and fails to erode them.
9 min
Mental modelAn industry's long-run profitability is decided by five structural forces, and strategy is the search for a position where those forces are weak and defensible.
7 min
Mental modelCompetitive advantage comes from being the low-cost producer or being different, aimed either broadly or at a niche; try to be everything and you end up stuck in the middle.
9 min