A Guide to Understanding and Building a Competitive Moat
Generate a guide explaining different types of competitive moats and how a business can build one.
Prompt:
578 characters
Generate a full detail guide on building a competitive moat. The guide should be strategic and analytical. It must include detailed sections explaining: 1. Network Effects: How they work and examples like social media platforms. 2. High Switching Costs: Strategies to make it difficult for customers to leave. 3. Intangible Assets: The power of brand, patents, and regulatory licenses. 4. Cost Advantages: How to build a sustainable cost advantage through scale or process. 5. A framework for analyzing your own business's potential moat. Please include a supportive disclaimer.