Tuesday, January 27, 2009

Creating Competitive Advantage

After completing this chapter I wonder how come the concept of price war is so common in the business world. Telcos, soft drinks & many beauty products are following it to date.

Secondly, we discussed that people who enter the market following an innovative product perform better as they learn from the mistakes of the innovator. The example of Orkut & Facebook was quoted. Here again what about hi5, myspace etc.?

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