This book provides a thought provoking discussion and guide on competitive dynamics. The question for any successful incumbent is when and how to address competitive threats and sustain competitive advantage; potential entrants should contemplate the reaction or strategic actions of incumbents. The analyst and investor needs to evaluate the sustainability of the advantages of an investee business.
Bruce Greeneald, a Professor at Columbia, teaching, among other things, Value Investment, and also an observer and practitioner of Value Investment provides, with his co-author Judd Kahn, also a practitioner and teacher, has provided a simple and thoughtful guide on competition.
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