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Strategy and the Business Landscape PDF Form

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chapter 3 creating your competitive advantage to understand competitive advantage let's take a question what causes your company to generate superior financial returns within your industry let's say your company generates 40 return on equity and another competitor of yours generates 20 return on equity so the difference is 20 percent why is it that you make more money you make more profit than your competitor the answer is competitive advantage your competitive advantage you do something so well that people are willing to pay you more money so how do you create your competitive advantage that's the that's this video's focus and it it starts with this this book's chapter starts with this quote which i really loved which is if a man makes a better mousetrap than his neighbor if a man makes better mousetrap than his neighbor though he has built his house in the woods the world will make a path to his door so if you do something really well as an employee as a company as an industry then p

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