
Leading Learning Podcast
353: Porter's Five Forces and Learning Business Competition
Apr 18, 2023
Exploring competition in the learning business, hosts highlight Porter's Five Forces, importance of differentiation, brand loyalty, and supporting subject matter experts. Strategies for staying ahead include creating unique value propositions, understanding buyer negotiation power, and assessing the competitive landscape.
33:26
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Quick takeaways
- Periodically revisiting strategy is crucial for learning businesses to stay competitive in the evolving landscape.
- Understanding and catering to buyer preferences can reduce the threat of substitutes and increase market share.
Deep dives
Understanding the Evolving Competitive Landscape
Competition is a significant concern for learning businesses, with the competitive landscape constantly changing. The podcast emphasizes the importance of evaluating the competitive environment periodically to ensure business survival and success. Discussion revolves around the evolving nature of lifelong learning, continuing education, and professional development sectors, highlighting the need for ongoing focus on competition.
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