Moats is designed to be a valuable learning resource for investors, students, and managers of business. It can also be used as a starting point for discussions about real competitive advantages in business schools around the world. This book is about the competitive advantages of 70 selected businesses that Warren Buffett and Charlie Munger bought for Berkshire Hathaway. (NYSE: BRK.A, BRK.…
The Authors will in the following chapter explain what the dissertation is about, how and why the research topic has been chosen, and an explanation of the basic concepts will be pointed out as well. The background includes a description of the problem that will lead to the main question and purpose of the work
Nebraska has weathered the recession much stronger than other states and, as Governor Heineman explained in his 2010 State of the State Address, “…we have seized the opportunity to make Nebraska more competitive.” In that spirit of gaining competitive advantage and building economic momentum going forward, the Nebraska Department of Economic Development (DED), in collaboration with the…
Even as attention is increasingly paid to “going green” and to the role business can play to help solve sustainability problems, the flip side of the business-and-sustainability relationship has gone underexamined. Forget how management can affect sustainability. How will sustainability change management? The difference between the questions isn’t as subtle as it might sound. The …
The article marries Michael Porter’s industrial cluster theory of traded and local clusters to Richard Florida’s occupational approach of creative and routine workers to gain a better understanding of the process of economic development. By combining these two approaches, four major industrial-occupational categories are identified. The shares of U.S. Employment in each – creative-in-…
The business strategy perspective argues that achieving competitive advantage hinges on pursing a coherent competitive strategy. Family businesses are also said to manifest a strong desire to develop enduring and committed social relationships with external stakeholders. Nevertheless, there has been relatively little attention devoted to the business strategic activities of family businesses an…
It is generally agreed in the strategic management literature that internal organizational assessment is less developed theoretically and practically than other areas of situation analysis. This paper presents a four stage approach to analyzing a firm's internal strengths and weaknesses and illustrates how the technique can facilitate strategy formulation through the integration of value chain …
This paper reconsiders influence of intellectual capital on competitiveness of a company (micro- competitiveness) and national economy (macro-competitiveness). Bearing in mind that competitiveness of national economy has been dominantly defined by competitiveness of its companies, this research focuses on analysis of different aspects of intellectual capital in the light of micro-competitivenes…
In today’s highly dynamic business environment, organizations need to develop new competitive advantages to keep up with the speed of change in technology, customer demands and global competition. In this difficult task, organizations can benefit from innovation strategies and tools more than ever, as it helps companies to optimize their competing power by increasing their performance and eff…
In today’s fast-paced economy competition is an issue of services and products. Much attention has been directed to a better service and the best product and how this can be achieved through utilising the human resources. This research paper identifies the competitive advantage concepts and models, competitive strategies and the main human resource practices that have a significant impact o…