Sustaining competitive advantage
4 important questions on Sustaining competitive advantage
What are the threats of sustainability?
Holdup & slack for captured value
What are barriers to imitation?
Learning / private information
Contracts and relationships, legal restrictions
Network externalities, switching costs
Threats of retaliation
Causal ambiguity / social complexity
Upgrading / crowding the market
Definition + What are responses to subtition?
Dont respond
Fight the threat
Join them
Take the money and run
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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On what dimensions should you test your strategy?
Do the elements of the strategy fit together. Are there complementarities between different elements.
2. External consistency - coherence
Does the strategy neutralize the threats posed by external environment. Does it take advantage of opportunities
3. Dynamic consistency
Is the strategy set up to help sustain competitive advantage over time?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
