Last modified: 2018-01-13
Abstract
This paper establishes a practical procedure for a firm to transit smoothly into the era of fast strategic changes while its once sustainable competitive advantages have become transient. To accomplish this goal, this work first establishes two theoretical results by employing systemic thinking and traditional logic of microeconomic reasoning. The first result shows under what market conditions new competitions will naturally appear within an established market; the second result demonstrates why competitions within any business organization always exist inevitably. By combining previously published conclusions derived by using anecdotes and inductively reasoning and these theoretical results, this paper advances the systemic reasons for why a list of time-honored steps would practically work so that firms could successfully surf through waves of transient competitive advantages.