Saturday, May 17, 2008

Sustaining Competitive Advantage

A few key tips to build and sustain competitive advantage:
  • Move early
  • Build unique, protected IP
  • Differentiate and support it with continual innovation
  • Capture market share quickly
  • Keep your costs low - the low cost producer can survive in down markets
  • Invest in R&D to stay ahead of the curve
  • Stay very close to your customers and their needs!

Cheers
Tom

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