April 2018
Beginner
400 pages
5h 18m
English
Content preview from How to Lead, 5th Edition
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Chapter 9
Strategy and the art of unfair competition
The problem with a fair fight is that you might lose it. Business leaders may talk about the importance of competition, but in practice they do not like competition – unless they win. The best way to win is to have a secure source of healthy and reliable profits. This is what economists call ‘rent seeking’. The classic rent seeker is a monopolist or firm that has some special privilege from government such as subsidies, licences or permissions of various sorts. These privileges tend to guarantee profits without the burden of having to compete much.
An unfair advantage
If you have to compete, make sure you have a thoroughly unfair source of competitive advantage. An unfair advantage is ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.