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av({"version":"1.0","encoding":"UTF-8","entry":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-1255205710242367002.post-5783388327723335446"},"published":{"$t":"2012-12-09T04:04:00.003-08:00"},"updated":{"$t":"2012-12-09T08:41:24.084-08:00"},"title":{"type":"text","$t":"Bigger beats better most of the time"},"content":{"type":"html","$t":"\u003Cbr \/\u003E\u003Cdiv class=\"column\"\u003E\u003Cspan style=\"color: #404040;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003ETruly durable competitive advantages arise from the intersection of supply and demand advantages, from the linkages of economies of scale with customer captivity. \u003C\/span\u003E\u003C\/span\u003E\u003Cbr \/\u003E\u003Cspan style=\"color: #404040;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003ECompetitive advantages based on economies of scale are in a class by themselves. They tend to be far longer lived than the other types and therefore more valuable. The best course is to establish dominance in a local market and then expand outward from it. Economies of scale, especially in local markets, are the key to creating sustainable competitive advantages. \u003C\/span\u003E\u003C\/span\u003E\u003Cbr \/\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cspan style=\"color: #404040;\"\u003EThe appropriate strategy is to identify niche markets, understanding that not all niches are equally attractive. Ideally, it will also be readily extendable at the edges. The key is to \u003C\/span\u003E\u003Cspan style=\"color: #404040;\"\u003E“think \u003C\/span\u003E\u003Cspan style=\"color: #404040;\"\u003Elocal\"\u003C\/span\u003E\u003C\/span\u003E\u003Cbr \/\u003E\u003Cspan style=\"color: #404040;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/span\u003E       \u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003ESource: Bruce Greenwald and Judd Kahn, “Competition Demystified” \u0026nbsp; \u0026nbsp;\u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/thoughtmeme.blogspot.com\/feeds\/5783388327723335446\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/12\/bigger-beats-better-most-of-time.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/5783388327723335446"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/5783388327723335446"},{"rel":"alternate","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/12\/bigger-beats-better-most-of-time.html","title":"Bigger beats better most of the time"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}}});