Competition demystified : a radically simplified approach to business strategy / Bruce Greenwald and Judd Kahn.

Competition demystified : a radically simplified approach to business strategy / Bruce Greenwald and Judd Kahn.

1591840570
9781591840572

New York : Portfolio, 2005.

English

xii, 399 pages : illustrations ; 24 cm

HD30.28 .G733 2005

658.4/012

Columbia Business School professor Greenwald offers a new theory of competition for strategic planners to apply in the real world. He argues that there is only one essential factor in determining competitive advantages: how easy it is for competitors to enter or expand in a given market. If a company can erect 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. Greenwald draws on game theory to explain what you should do if barriers to entry are strong, weak, or nonexistent. He covers a wide range of examples, from retail to telecommunications to auction houses, and his 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.--From publisher description.

Includes bibliographical references (p. 379-383) and index.

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