S E45: Business Strategy - How to boost profitability
Think Like An Economist
00:00
The Five Forces Framework for Long Term Profitability
The more unique your products are, the more you can act like a monopolist. Tryng to offer a unique product isn't the only strategy business is use. We're going to go through the five forces framework, which will get you to focus on the five forces that determine the structure of competition in your market and hinch your prospects for long run profitability.
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