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Building a Moat: The Secret to Long-Term Business Success
Manage episode 492569564 series 3289461
Why do some companies, like Coca-Cola, dominate for decades while others, like Blockbuster, are just a flash in the pan? The secret is a sustainable competitive advantage. In this episode, we break down the four essential "moats" that can protect a business long-term: network effects, intangible assets, cost advantages, and high switching costs. We explore real-world examples from Apple to Walmart and discuss why having a hit product isn't enough. Plus, we teach you 10 key vocabulary terms like "formidable," "inimitable," and "complacency" to help you analyze business strategy like an expert.
To unlock full access to all our episodes, consider becoming a premium subscriber on Apple Podcasts or Patreon. And don’t forget to visit englishpluspodcast.com for even more content, including articles, in-depth studies, and our brand-new audio series and courses now available in our Patreon Shop!
1006 episodes
Manage episode 492569564 series 3289461
Why do some companies, like Coca-Cola, dominate for decades while others, like Blockbuster, are just a flash in the pan? The secret is a sustainable competitive advantage. In this episode, we break down the four essential "moats" that can protect a business long-term: network effects, intangible assets, cost advantages, and high switching costs. We explore real-world examples from Apple to Walmart and discuss why having a hit product isn't enough. Plus, we teach you 10 key vocabulary terms like "formidable," "inimitable," and "complacency" to help you analyze business strategy like an expert.
To unlock full access to all our episodes, consider becoming a premium subscriber on Apple Podcasts or Patreon. And don’t forget to visit englishpluspodcast.com for even more content, including articles, in-depth studies, and our brand-new audio series and courses now available in our Patreon Shop!
1006 episodes
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