Focus on creating a sustainable competitive advantage from "summary" of Scaling Up by Verne Harnish
In business, it is essential to focus on creating a sustainable competitive advantage. This means developing a unique position in the market that is difficult for competitors to replicate. By doing so, a company can maintain long-term success and profitability. To achieve a sustainable competitive advantage, a company must identify its strengths and weaknesses. This involves conducting a thorough analysis of the market, competitors, and internal capabilities. By understanding what sets them apart from the competition, companies can leverage their strengths to create a competitive edge. Once strengths and weaknesses have been identified, companies must develop a clear strategy for capitalizing on their advantages. This may involve investing in research and deve...
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