The Ultimate Competitive Advantage (Review and Analysis of Mitchell and Coles' Book)
()
About this ebook
This complete summary of the ideas from Donald Mitchell and Carol Coles' book "The Ultimate Competitive Advantage" shows that the most successful companies are consistently experimenting to improve and reinvent their business models. This usually has the potential to generate far more substantial increases in revenues and profits than any amount of fine-tuning of an existing business model will ever produce. In their book, the authors present a four-step process that companies tend to use in practice. This summary provides readers with an effective method for improving a business model.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge
To learn more, read "The Ultimate Competitive Advantage" and find out how you can increase your profits by reinventing your business model.
Read more from Business News Publishing
The 12 Week Year (Review and Analysis of Moran and Lennington's Book) Rating: 5 out of 5 stars5/5The One Page Business Plan (Review and Analysis of Horan's Book) Rating: 5 out of 5 stars5/5Rocket Fuel (Review and Analysis of Wickman and Winter's Book) Rating: 5 out of 5 stars5/5Understanding Financial Statements (Review and Analysis of Straub's Book) Rating: 5 out of 5 stars5/5DotCom Secrets (Review and Analysis of Brunson's Book) Rating: 4 out of 5 stars4/5The 4-Hour Workweek (Review and Analysis of Ferriss' Book) Rating: 4 out of 5 stars4/5Leaders Eat Last (Review and Analysis of Sinek's Book) Rating: 5 out of 5 stars5/5Good Strategy Bad Strategy (Review and Analysis of Rumelt's Book) Rating: 1 out of 5 stars1/5The 80/20 Principle (Review and Analysis of Koch's Book) Rating: 4 out of 5 stars4/5To Sell Is Human (Review and Analysis of Pink's Book) Rating: 5 out of 5 stars5/5The Mckinsey Mind (Review and Analysis of Rasiel and Friga's Book) Rating: 4 out of 5 stars4/5How to Master the Art of Selling (Review and Analysis of Hopkins' Book) Rating: 0 out of 5 stars0 ratingsSwitch (Review and Analysis of the Heath Brothers' Book) Rating: 5 out of 5 stars5/5Talent Is Overrated (Review and Analysis of Colvin's Book) Rating: 0 out of 5 stars0 ratingsThe Ultimate Sales Machine (Review and Analysis of Holmes' Book) Rating: 4 out of 5 stars4/5The Fifth Discipline (Review and Analysis of Senge's Book) Rating: 0 out of 5 stars0 ratingsStart Late, Finish Rich (Review and Analysis of Bach's Book) Rating: 4 out of 5 stars4/5What They Don't Teach You at Harvard Business School (Review and Analysis of McCormack's Book) Rating: 4 out of 5 stars4/5Built to Sell (Review and Analysis of Warrilow's Book) Rating: 4 out of 5 stars4/5Traction (Review and Analysis of Weinberg and Mares' Book) Rating: 5 out of 5 stars5/5The HR Scorecard (Review and Analysis of Becker, Huselid and Ulrich's Book) Rating: 5 out of 5 stars5/5The Sandler Rules (Review and Analysis of Mattson's Book) Rating: 5 out of 5 stars5/5Multipliers (Review and Analysis of Wiseman and McKeown's Book) Rating: 0 out of 5 stars0 ratingsExecution (Review and Analysis of Bossidy and Charan's Book) Rating: 0 out of 5 stars0 ratingsThe Speed of Trust (Review and Analysis of Covey's Book) Rating: 5 out of 5 stars5/5The One Thing (Review and Analysis of Keller and Papasan's Book) Rating: 5 out of 5 stars5/5The CashFlow Quadrant (Review and Analysis of Kiyosaki and Lechter's Book) Rating: 0 out of 5 stars0 ratingsReady, Fire, Aim (Review and Analysis of Masterson's Book) Rating: 5 out of 5 stars5/5The 7 Habits of Highly Effective People (Review and Analysis of Covey's Book) Rating: 4 out of 5 stars4/5Negotiation Genius (Review and Analysis of Malhotra and Bazerman's Book) Rating: 4 out of 5 stars4/5
Related to The Ultimate Competitive Advantage (Review and Analysis of Mitchell and Coles' Book)
Related ebooks
Collapse of Distinction (Review and Analysis of McKain's Book) Rating: 0 out of 5 stars0 ratingsThe Outsourcing Revolution (Review and Analysis of Corbett's Book) Rating: 0 out of 5 stars0 ratingsThe Multimillion-Dollar Business Idea: An Entrepreneur’s Guide to Success Rating: 0 out of 5 stars0 ratingsThe Little Book of Big Scale: 5 Counterintuitive Practices for Exponential Growth Rating: 0 out of 5 stars0 ratingsDouble-Digit Growth (Review and Analysis of Treacy's Book) Rating: 0 out of 5 stars0 ratingsSummary: Profitable Growth Is Everyone's Business: Review and Analysis of Charan's Book Rating: 0 out of 5 stars0 ratingsHow to Grow When Markets Don't (Review and Analysis of Slywotzky and Wise's Book) Rating: 0 out of 5 stars0 ratingsThe Beginner's Guide to Starting a Successful Business Rating: 0 out of 5 stars0 ratings17 Reasons Your Company Is Not Investment Grade & What To Do About It Rating: 0 out of 5 stars0 ratingsWrite Your Business Plan (Review and Analysis of the Staff of Entrepreneur's Media's Book) Rating: 0 out of 5 stars0 ratingsGo It Alone (Review and Analysis of Judson's Book) Rating: 0 out of 5 stars0 ratingsMaking It on Your Own (Review and Analysis of the Edwardses' Book) Rating: 0 out of 5 stars0 ratingsThe Science of Being Great (Barnes & Noble Digital Library) Rating: 3 out of 5 stars3/5the Ultimate Winning Strategy for entrepreneurs Rating: 0 out of 5 stars0 ratingsWork Your Assets Off: Stop Working So Hard in Business and Life Rating: 0 out of 5 stars0 ratingsExecution Is the Strategy (Review and Analysis of Stack's Book) Rating: 0 out of 5 stars0 ratingsThe entrepreneurial mindset: the new psychology of how to grow your own business Rating: 0 out of 5 stars0 ratingsBeyond the Passion: What It Takes to Achieve Success in Business Rating: 0 out of 5 stars0 ratingsThey Buy Your Because: Closing the Sale in a Crowded Market Rating: 0 out of 5 stars0 ratingsProfit from Change: Retooling Your Agency for Maximum Profits Rating: 0 out of 5 stars0 ratingsActive Leadership: A Blueprint for Succeeding and Making a Difference Rating: 0 out of 5 stars0 ratingsFinance Your Company: The Dynamic Manager’s Handbook On How To Get And Manage Cash For Growth Rating: 0 out of 5 stars0 ratingsThe Trust Paradigm Rating: 0 out of 5 stars0 ratingsThe 5 Stages To Entrepreneurial Success: What Every Entrepreneur Should Know About Dominating Your Market Rating: 0 out of 5 stars0 ratingsPower Thinking (Review and Analysis of Mangieri and Block's Book) Rating: 0 out of 5 stars0 ratingsHow to Manage the Creative Process of Your Business Rating: 0 out of 5 stars0 ratings10 Proven Secrets for Amazon FBA Success Rating: 0 out of 5 stars0 ratingsReversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal Rating: 2 out of 5 stars2/5Leaders Build Business: Effectively Mentor and Coach Your Sales Team Rating: 0 out of 5 stars0 ratingsTextbook of Urgent Care Management: Chapter 25, Marketing Overview Rating: 0 out of 5 stars0 ratings
Business For You
Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Leadership and Self-Deception: Getting out of the Box Rating: 4 out of 5 stars4/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Lying Rating: 4 out of 5 stars4/5Summary of Eve Rodsky's Fair Play Rating: 2 out of 5 stars2/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Contagious: Why Things Catch On Rating: 4 out of 5 stars4/5Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations Rating: 4 out of 5 stars4/5
Reviews for The Ultimate Competitive Advantage (Review and Analysis of Mitchell and Coles' Book)
0 ratings0 reviews
Book preview
The Ultimate Competitive Advantage (Review and Analysis of Mitchell and Coles' Book) - BusinessNews Publishing
Book Presentation The Ultimate Competitive Advantage by Donald Mitchell and Carol Coles
Book Abstract
About the Author
Important Note About This Ebook
Summary of The Ultimate Competitive Advantage (Donald Mitchell and Carol Coles)
Step 1: Companies learn how to do one reinvention
Step 2: A more ambitious reinvention is tackled
Step 3: Reinvention becomes a recurring activity.
Step 4: New targets of opportunity are sought.
Book Abstract
MAIN IDEA
What will generate more benefits for a company – regularly upgrading to a new business model or attempting to enhance the efficiency of the way the company currently operates?
The most successful companies are those that are consistently experimenting to improve and reinvent their business models. This usually has the potential to generate far more substantial increases in revenues and profits than any amount of fine tuning of an existing business model will ever produce. In practice, companies tend to go through a sequence of four steps:
Business model obsolescence is the major unperceived opportunity for and threat to all businesses now. Right now, you are probably ignoring a competitive vulnerability that can literally put you out of business in the next few years. Existing business models in most companies change only every few decades, if ever. Continuation of this trend means that improved business models will replace technology as the most frequent and most powerful source of business disruptions. This shift will occur because most business model improvements can be designed and implemented faster than new generations of technology. Because of the huge rewards for business model innovation, major generations of new business models will probably emerge in each industry.
– Donald Mitchell and Carol Coles
About the Author
DONALD MITCHELL is CEO and chairman of his own consulting firm, Mitchell and Company. A graduate of Harvard College, Harvard Law School and Harvard Business School, Mr. Mitchell specializes in business strategy. Prior to founding his own firm in 1977,