Money and Finance
Competitive Advantages and Barriers to Entry...
"Although often treated as separate aspects of strategy, barriers to entry and competitive advantages are essentially alternative ways of describing the same thing. The only necessary qualification to this statement is that barriers to entry are identical to incumbent competitive advantages; whereas entrant competitive advantages—situations in which the latest firm to arrive in the market enjoys an edge (the benefit of the latest generation of technology, the hottest product design, no costs for maintaining legacy products or retired workers)—are of limited and transitory value." -Bruce Greenwald and Judd Kahn, Competition Demystified: A Radically Simplified Approach to Business Strategy
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Michael Porter On Disruptive Technology
From the Porter interview at the end of the book Understanding Michael Porter: The Essential Guide to Competition and Strategy: Magretta: What is a disruptive technology? Where does it intersect with your thinking about strategy? Porter: This...
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Bruce Greenwald And Judd Kahn On Competitive Advantage And Apple (circa 2005)
The book Competition Demystified is one of my must-read investment books (published in 2005). The excerpt below contains both some good information on looking for competitive advantages, but it also shows how quickly things can change—especially in...
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Competitive Advantages...
"There are only a few types of competitive advantage (demand, supply, and economies of scale) and two straightforward tests (market-share stability and high return on capital) to confirm their existence." -Bruce Greenwald and Judd Kahn, Competition...
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Competitive Advantages
These quotes are from the book The Investment Checklist by Michael Shearn. "Competitive advantages are less sustainable when they are affected by changes in technology or if they are in rapidly emerging industries. Changes in technology threaten...
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Competition Demystified - By Bruce Greenwald And Judd Kahn
Thanks to Michael Porter’s groundbreaking work Competitive Strategy, published in 1980, strategic thinking increasingly has come to recognize the importance of interactions among economic actors. By concentrating on external agents and how they behave,...
Money and Finance