Competition Demystified offers a simplified approach to business strategy, focusing on competitive advantages and barriers to entry. The book is praised for its clear explanations and practical case studies, making complex theories accessible. Readers appreciate its straightforward writing and practical applications, though some find theoretical sections dry.
Competition Demystified by Bruce C. Greenwald and Judd Kahn presents a simplified approach to business strategy, emphasizing the importance of understanding competitive advantages and barriers to entry. The book is structured with clear theoretical explanations followed by relevant case studies, making it easy to grasp and apply the concepts. Readers appreciate the straightforward writing style and the practical insights provided. The case studies are particularly praised for their depth and relevance, helping to drive home the points made in the theoretical sections. However, some readers find the theoretical explanations dry and less engaging. Despite this, the book is highly recommended for both investors and managers, as it offers valuable frameworks for evaluating and managing competitive advantages. The practical applications of the book's insights are noted by several readers, who have found themselves revisiting the book for additional insights.
Quick quotes
The title aptly describes what this book is about: formulating a business strategy, based on the presence or absence of competitive advantages (barriers of entry into an industry - 'moat' in the words of Warren Buffett).
The book is very well written and easy to grasp. Despite no background in business, I was able to follow everything.
Although I did think many of the insights were not hugely surprising for those familiar with formulating business and expansion strategies, I appreciated how clearly and cleanly Greenwald bucketed the factors that give rise to strong barriers to entry in a market