Expanding Competitive Strategy Mindsets from Industries to Digital Ecosystems
Thinkers 50
OCTOBER 11, 2022
Industries play a monumental role in the business world. They bestow firms with an identity. They help them find common buyers and suppliers, as well as identify key rivals. They provide a rich context for firms to organize their value chains and to position their products/services in their markets. In addition, select traits of industries, such as fixed costs, propensity to develop economies of scale, or number of competitors, allow firms to amplify the value of their products/services and thei
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