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Essentially the most impressive issue to believe prior to creating a long-term book marketplace funding is whether or not the corporate you’re looking at has a sustainable aggressive merit, which is able to permit it to be winning for many future years. Firms like Apple, Johnson & Johnson & VISA thrive, month firms like American Airways, British Petroleum & Fiat & Chrysler slightly scrape by way of. However why? That’s what you’re going to be told on this video.
Michael Porter is an American instructional identified for his theories on economics, industry technique, and social reasons. He’s the Bishop William Lawrence College Lecturer at Harvard Trade College and his 5 Forces style on business contention is likely one of the maximum broadly taught ideas in industry faculties around the globe. For excellent causes.
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Govern 5 takeaways from Aggressive Technique:
0:00 Intro
01:02 1. Porter’s 5 Forces
03:00 2. Blackmail of access
06:34 3. Blackmail of substitution
08:21 4. Bargaining energy of providers/patrons
11:34 5. Depth of contention
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Great video
Your channel clearly has a durable competitive advantage
The Five Forces of Competition model is like a magnifying glass for businesses. Just as a magnifying glass allows you to zoom in on and closely examine small details, the Five Forces model enables organizations to focus on the specific competitive forces at play within their industry. It magnifies the factors that influence profitability and competitive positioning, helping businesses gain a clearer, more detailed perspective on their competitive landscape.
Interesting!
Love from india
Yes, competitive advantage is key, but ultimately surely senior management will determine if the sustainable competitive advantage is retained? While it is true that the five forces will determine how profitable an industry is, but it is strategy determined by management that will determine if above average profits are achieved and continue to be achieved. The caveat is that I am excluding the disadvantaged competitor facing key issues with their Value Chain.
by far the best and detailled video with many more insights than other available videos/articles online. And the quality of the graphis/audio is also on point. And all this in just 15 minutes.
Competition is the sole reason why Tesla and are fantastic companies to invest in. Tesla is predominantly a power supplier, not a manufacturer. When you consider the vast versatility and diversity of them as a company you quickly realise there isn't a direct competitor – no other company is doing what they're doing, so invest.
Apple produces consumer tech products; yet whilst being in a very competitive industry, they thrive because they focus on user experience, a seamlessly-integrated-ecosystem and product quality over everything else. People don't buy AirPods because they're good earphones (quite the opposite considering the price), they buy them because they work seamlessly with their Apple devices. As mentioned in the video, people simply don't like to upset their workflow or learn new ways of completing the same tasks because there'll be an adjustment period where your performance is lower than it would've been by not changing. It's a literal example of "why fix what isn't broke?".
Thank you🤗❤
Great explanation! Thanks!
A company with high margins abd high roce has supplier side moat and company with low margins but high roce has demand side moat..🙁
Another great production. The consistent high quality of your product has created a moat. Nice job. Again. Thanks.
I have my exam it would be great if there is anything pdf or some format of this mind mapped notes
thanks for uploading
Learned about this in my strategic management class
i love ur videos, those breakdowns on the points are precise!
Simple and direct explanation, no jargon.
Started this today. Finding it a difficult read, the language is quite complex
How branding creates a company's competitive advantage.
Thanks for your inputs and version of competitive strategies.
You discuss Porters notion impressively.
By the way, if you have time.
Pls watch my other version of this competitive strategies.
A concise video…
Two thumbs up my friend.
Like and subscribe at your YC…
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Suppose company ABC has a competitive advantage in production, and the CEO wants the company to have a competitive advantage in distribution. So how many ways are there to achieve this?
If ABC wants to build its own competitive advantage in distribution, what will it need to do?
I have the book and tried to read it, but it is bloody boring. It is a very important book tho, so thank you so much for this video.