Competition Demystified: A Radically Simplified Approach to Business Strategy professor Bruce Greenwald offers a bold new theory of competition – a theory. Greenwald, Bruce C. N.. Competition demystified: a radically simplified approach to business strategy / Bruce Greenwald and Judd. Kahn. p. cm. Includes index. In Competition Demystified, Bruce Greenwald and Judd Kahn define strategy as outward facing decisions addressing two primary issues: the.
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Learn more about Amazon Prime. He covers a wide range of examples, from retail to telecommunications to auction houses.
But it is still not easy. No trivia or quizzes yet. The book has demystifued me better ways to articulate strategy and strategic themes and approaches.
Competition Demystified by Bruce C. Greenwald, Judd Kahn | : Books
The book centers around a fairly powerful premise – that the only strategic “force” of Porter’s famous 5 forces that matters is barriers to entry. He clearly explains a greenwald of concepts with real world examples. Citation Greenwald, Bruce, and Judd Kahn. Cutting prices, matching prices and using domination of one market to create a monopoly in another are all discussed; legality is mentioned only briefly and indirectly.
A simple framework focuses your attention, let’s you filter out the noise, and zoom clmpetition on the pertinent.
The Most Important Thing Illuminated: Amazon Rapids Fun stories for kids on the go. The book provides a simple, clear and practical framework for industry analysis. The Essays of Warren Buffett: Non-practitioner’s won’t grasp how valuable a simple, deeply internalized analysis framework is. There are geographic limitations for economies of scale. This structure makes understanding much easier, and it helps you remember and will also train your ability to apply the concepts in practice.
The best of their recommendations is to find small, declining, local markets without existing competitors. Each case study covers pages, enough to drive home the points, but not so much as to make you get lost or forget.
It is helpful in considering which business to develop, where to invest and what are good reasons to do so. And of course, as a lifelong value investor “The guru of Wall Street’s gurus”, apparentlyGreenwald includes a really great chapter on firm valuation and the implications of strategic dynamics of a firm. Greenwald convincingly argues that one of those forces is by far the most important: I am sure will reread for my investing study. I heard about this book through a My key take-aways for this book are: Apr 01, Tirath rated it liked it.
But Greenwald argues that there is only one essential factor in determining competitive advantages: The title aptly describes what this book is about: There are multiple chapters with detailed case studies, which are very relevant if you want to practice strategy. The author also includes his own analysis on several companies regarding their place in their respective competitive market with suggestions on how to go forward.
Learn more about Amazon Giveaway. Another example is from an investment perspective and being able to come up with true market values.
Supply- cost advantage, frequently from prop technology or by know-how 2. In this book, Mr. This is a failure. But if the lesson learned is that equal effort should be expended analyzing “supplier power” as “entry barriers”, then the student has been deceived.
And de,ystified lessons can be applied whether your business is dominated by a single huge player, a handful of roughly equal players, or no one at all. Although Porter’s framework is a bit detail-oriented and tough to implement, it’s by all means a better template than what this is giving us. Aug 24, Julian Bu rated it liked it. Competition dmystified is legit one of the best books in the entire category of business.
This book is the only book I know that goes kind of against Competitionn five forces and makes legit arguments. Carefully read the first half of this book a couple times and you can expect to deeply internalize the most general, enduring principles of analyzing competitive advantage and entry barriers.
After reading this, we ought to be more afraid of companies expanding into new markets. Read reviews that mention barriers to entry competitive advantage competitive advantages case studies michael porter economies of scale corporate strategy competition demystified greenwald and kahn value investing coke and pepsi anyone who wants stock market sustainable competitive ever competifion game theory bruce greenwald business strategy best strategy numerous case.
Their obvious lack of in-depth knowledge in industries used as examples such as a very superficial treatment of the competitive advantages of Intel vs Apple is a turn-off to anyone who has spent time actually understanding these companies. Each study is provided with ample explanations of background and industry demystifiwd, so you will be able to follow, no matter when or where you grew up. Also, and more importantly, its Greenwalc too long for the information given.
Grossly simplified it is this. To get the free app, enter your mobile phone number.
Competition Demystified: A Radically Simplified Approach to Business Strategy
Nice alternative take on competition. Was let down by this book, expected much more even though some of the stuff was very well written. A must read for business strategy and investing.