Competition is the constant agression that keeps your business antifragile Dominating players tend to stifle competition thus become complacent and brittle Monopolies are inherently unstable, unless protected by the law
-
3. Monopolistic companies can be stable and unstable and law is just one form of protection. Some competitive advantage are more fragile than others, i.e. scale is more fragile than brand or having Bezos as your CEO.
4. What really makes your company antifragile is: A. High levels of cash B. Flexible, competent executives C. Fast decision making D. Low capital investment in non-flexible assets like machinery/inventory E. Policy that advocates constant small scale experiments at low cash burn.
-
-
I disagree with A. Nokia had truckloads of cash D and E are tactical Incredibly difficult (maybe impossible) to keep B and C durably without effective competition
-
A is necessary but not sufficient. A through E is sufficient. Even without competition, the business must respond to changing events and demand. Amazon is monopolistic in its key markets, but constantly expanding into adjacent ones which are competitive.
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.