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A Simple Test to Determine your Firm's Competitive Advantage

TASA ID: 4374

Defining a firm’s competitive advantage is difficult.  Both my students and friends in the business world struggle with this often. Many students and practitioners of business strategy fail to understand whether a firm has the ability to do something better than the competition. There can’t be a more important question in business strategy, can there? Unless we understand what our company does better than the competition, then we can’t understand how we should compete. It’s similar to a boxer going into a match without knowing his best punch; he won’t have a very good strategy for defeating his opponent.

Counsels’ Guide to Risks and Uncertainties that Depreciate Damage Estimates in Seafood Production/Marketing Cases

Whitepaper

TASA ID: 390

The arrival of the dreaded and presumed cannibalistic “Asian tiger shrimp” along shores in the Eastern Gulf of Mexico and Southern Atlantic Coast points out a simple, but often overlooked proposition [1]. Seafood harvesting and processing operations are risky, and plaintiff’s damage estimates that do not account for risks and uncertainties are overstated, hence ripe for challenges [2].

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