Hypothesis: Being different isn't always a competitive advantage, but you have to be different to have a competitive advantage. Discuss?
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Replying to @sonyaellenmann
yes but exogenous differences are often more important than endogenous differences
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Replying to @sonyaellenmann
as a toy example, assume two workers that are internally identical, suppose they're literally mechanical automatons built to the same specs, etc. each worker is now placed in a different environment. the ONLY differences b/t them are exogenous in this example
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Replying to @danlistensto @sonyaellenmann
the first worker has a constant, uninterrupted power supply. the second worker has an unreliable power supply, goes down several times per day for significant periods of time. worker 1 obviously has a huge competitive advantage due to external factors alone.
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Replying to @danlistensto @sonyaellenmann
just a toy example to illustrate, not trying to say anything insightful with that, it's obvious stuff
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in real examples where things are less cut-and-dry, teasing apart the relative weights of exogenous vs. endogenous differences is very hard to do except in cases where there is some overwhelming thing going on. in the real world we never get a clean 'ceteris paribus'
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