Friday Roundup — 6.23.23 Edition

Each and every Friday — I outline a few of the articles and/or books that I have read over the last week or two that are worth taking a look at.

Competition Demystified By: Bruce Greenwald

Delving into the complex world of competitive strategy, Competition Demystifiedsimplifies business competition into digestible principles. It propounds that sustainable competitive advantages mainly stem from economic aspects: supply and demand, and economies of scale.

Simplification of Strategy

Diving straight into the meat of the matter, strategy in business doesn’t need to be an enigma. It can be simplified to the basic principles of economics. Think of supply and demand, and economies of scale. Picture these not as broad, intimidating concepts but as practical tools you can use to analyze your company’s position in the market. The principles are straightforward: if you can provide a product or service better or cheaper than others, you have an advantage. If your business benefits from economies of scale, meaning the cost per unit decreases as the volume of output increases, you have another powerful advantage.

In your role, you can apply this simplification to make more informed decisions. For instance, if you find that you can produce goods more efficiently as you…