2min chapter

The Art of Manliness cover image

Think More Strategically

The Art of Manliness

CHAPTER

Generic Strategies to Create Wealth

We create wealth. We serve other people, providing products at price that they're willing to pay. But they have to be products that people actually want. And if they don't want your product, well you're going to go out of business. Within that framework, we have two generic strategies, and these have been and served us well for many years. Conceptually, there are two other strategies in addition to those, that kind of play off those generic stratages. One is cost leadership. Now this is whenever you are dealing with a product that is a commodity. It's very hard to to imbue a commodity with perceived value so that you can charge more money for it. Charg

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