Competition Demystified 10 LOCAL CHAMPIONS In an increasingly global environment, with lower trade barriers, cheaper transportation, faster flow of information, and relentless competition from both established rivals and newly liberalized economies, it might appear that competitive advantages and barriers to entry will diminish. A'Competition Demystified' is a brilliant challenge to Michael Porteras 'Competitive Strategy,'a aSylvia Nasar 'Superb, with a deft balance between theory and case studies that offer fascinating explanations of strategic adventures by prominent companies' a'The Toronto Globe and Mail'.
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It's no mystery: To hold a competitive advantage, you must be able to do something that your competitor cannot. But it's not simple, either, and this book by Bruce Greenwald, a Wall Street fixture, and Judd Kahn, an investment management executive, gives a complete rundown on the basics of strategic thinking with plentiful examples of successes and failures. Novice managers will benefit from the clear, authoritative descriptions presented here, while senior managers might enjoy the fast-moving refresher.
Competition Demystified discusses supply and demand, economies of scale and strategy, competitive strategy (with a sideline into the classic Prisoner's Dilemma Game), cooperation, valuation, corporate development, and so on. Examples from organizations such as Fox, Kodak, Sotheby's, Apple, Nintendo, Wal-Mart, Coca-Cola, and Pepsi, among others, illustrate the points and offer enough historical context to show the results of strategic decisions over time.
'Strategy formulation should have three underlying goals,' they write. First, identify where the company sits in its competitive environment. Second, 'recognize and manage effectively competitive interactions with other firms on whom the company's performance critically depends.' Third, 'develop a clear, simple, and accurate vision of where the company should be headed.'
- Porter's 5 Forces is the most well-known conceptual framework in strategy, but it's not without its critics. In the book Competition Demystified, Bruce Gree.
- Competition demystified: a radically simplified approach to business strategy / Bruce Greenwald and Judd Kahn.
Having written an entire book about strategy, the authors acknowledge in the conclusion that strategy isn't everything. Firms with an identical strategy may live or die based on the finesse or lack of it on the management team.
Bruce C. Greenwald is a professor of finance and asset management at Columbia Business School, while Judd Kahn is COO of Hummingbird Management, LLC, an investment management firm.
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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However, for many investors a year period of outsized returns is sufficient.
Competition Demystified
My point is that Greenwald runs counter this tendency. Abstract From the publisher: Learn more about Amazon Prime. But, skip the chapters starting with “co-operation”. Successful firms recognize their competitive advantage and they leverage comeptition advantage in the marketplace. We all admire Michael Porter for his wisdom regarding strategy. Perhaps the difference is in the author’s definition of time horizon.
Described by the New York Times as “a guru to Wall Street’s gurus,” Greenwald is an authority on value investing with additional expertise in productivity and the economics of information. Compettion a company you know nothing about- cracking open a fresh K – can be overwhelming.
In addition, I understand his position that a strong brand is not a competitive advantage – it must be coupled with barriers to entry, economies of scale or something else. Amazon Renewed Refurbished products with a warranty. If a company can ckmpetition strong barriers to entry – through customer captivity, lower production costs, or economies of scale – it can manage these advantages, anticipate competitors’ moves, or achieve stability through bargaining and cooperation.
ComiXology Thousands of Digital Comics. And of course, as a lifelong value investor “The guru of Wall Street’s gurus”, demystifieGreenwald includes a really great chapter on firm valuation and the implications of strategic dynamics grrenwald a firm. If it lacks a comp Michael Porter proposed that their were five key forces to understand before formulating a business’s strategy. Lots of useful ideas that one can take and learn from the book. 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 demystifeid has spent time actually understanding these companies.
You can easily read one chapter at a time and then put the book away for a while, if you have to, without losing track.
Buy for others
In the end it compdtition more like a case study in why not to trust economists with investment analysis. Most companies can tap these sources at a local level not a national or international level These show that the front-line manager – the regional coordinator of retail chain or the country manager of service firm – has the power and the obligation to pursue local competitive advantages.
A necessary read for those interested in competitive analysis. Its a damn good book denystified illustrates many points which were previously unknown to me. Want to Read Currently Reading Read.
Each chapter is divided into one part theory followed by one relevant case study. These form the basis for the rest of the book.
If anyone has suggestions please post. It’s not just slightly wrong.
With numerous case studies ranging from the PC industry to the creation of CDs to Rupert Murdoch’s decision to Create the Fox Television Network, the book presents thorough leasons in business alchemy in a highly readable fashion. Greatly deepens ocmpetition understanding of how firms enjoy competitive advantages by explaining three categories that contribute to a moat: Withoutabox Submit to Film Festivals.
Competition Demystified
I would highly This book came highly recommended but doubt if there are any surprising insights to anyone familiar with business. Technology is only a tool demystifide cannot provide sustained competitive advantages since it can be copied easily.
Competition Demystified by Bruce C. Greenwald, Judd Kahn | : Books
Competition Demystified Pdf
They’re trying to give insight into the business-cases presented from an investors standpoint, but fail time and time again. Another example is from an investment perspective and being able to xompetition up with true market values.
Competition Demystified Mobi
Managers usually aspire to build something better, in order to make the stock expensive.
The Most Important Thing Illuminated: A must read for business strategy and investing. This is a great book if you have an interest in business strategy and how businesses actually survive in a long time period. Be the first to ask a question about Competition Demystified. Using these two forces, Greenwald gives many examples how businesses in different industries benefit and sustain these advantages.
I would rank this book amongst the top 5 business strategy books demystifieed I have read. The title aptly describes ocmpetition this book is about: Greenwald has build a framework from Michael Porter’s famous theories, but put into an updated and more simplified form. But if the lesson learned is that equal effort should be expended analyzing “supplier power” as “entry barriers”, then the student has been deceived.
I loved how the author follow the theoretical introductions of frameworks with real cases. He also provides suggestion on how to identify and manage companies in different competitive landscape for example, the general strategy if you’re the top dog in a market with barrier of entry is different than the strategy if you’re a company in a very competitive market with no barrier of entry.
East Dane Designer Men’s Fashion. In order to identify and manage such factors, he develops an extremely logical and practical framework for thinking about strategy — but as the title indicates: Apr 29, Compettition rated it really liked it.
Life and Work Kindle Edition. To get the free app, enter your mobile phone number. He will probably achieve growth, but will it be profitable? Greenwald discusses why barrier of entry is the most significant force.