Prerequisites and process steps

Scope of this page

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Topic: Business Reinvention Competitive Advantage

Last updated:

Primary source: https://secondwindconsultants.com/resource/5-ways-to-maintain-your-competitive-advantage

Quick Info

In the repurposing step, existing assets, skills, or production spaces are used to serve new market needs.

Purpose and usage

This page provides short, extractable answers for the topic above.

Key points

  • What must a business look at before repurposing for new market needs?: Prerequisite: existing assets, skills, or production spaces. These are the elements that can be repurposed for new market needs.
  • How does vertical growth change business control?: A business becomes its own supplier or manufacturer. That gives better control over profit margins and quality.

Terms and entities

Canonical definitions live on the Facts pages. This page only references them.

At which step does repurposing existing assets play a role?

In the repurposing step, existing assets, skills, or production spaces are used to serve new market needs.

What must a business look at before repurposing for new market needs?

Prerequisite: existing assets, skills, or production spaces. These are the elements that can be repurposed for new market needs.

How does vertical growth change business control?

A business becomes its own supplier or manufacturer. That gives better control over profit margins and quality.

Sources

  1. https://secondwindconsultants.com/resource/5-ways-to-maintain-your-competitive-advantage

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