The “Seven Powers” competitive advantage framework 7️⃣
Seven Powers by Hamilton Helmer is one of the most respected frameworks for competitive advantage analysis in the business and investing world. > Scale Economies: Achieving cost advantages through size, efficiency, and scale in operations > Network Effects: Gaining an advantage from the value of a network, where the product or service becomes more valuable as more people use it > Counter-Positioning: Establishing a unique and difficult-to-replicate position in the market that makes it challenging for competitors to respond without disrupting their old business model > Switching Costs: Creating barriers for customers to switch to a competitor's product or service, often through high initial investment or time and effort required for transition > Branding: Building a strong and recognizable brand that fosters customer loyalty and allows for premium pricing, which often takes decades of even centuries > Cornered Resource: Controlling or having exclusive access to essential resources that are difficult for competitors to replicate, such as valuable IP, patents, or an exclusive license of some sort > Process Power: Developing proprietary processes, technology, or know-how that provides a competitive advantage. It could be an extremely advanced technology, or a very strong and unique culture developed over decades Source: Quartr #strategy #power
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