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Why Competitive Advantages Die
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Why Competitive Advantages Die

Morgan Housel
Collaborative Fund, 2018
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Editorial Rating

8

Qualities

  • Applicable
  • Eye Opening
  • Concrete Examples

Recommendation

The American retail giant Sears was once the largest retailer in the world. Numerous business experts and commentators have weighed in to explain the company’s decline. Investor and business columnist Morgan Housel argues that although Sears’s downfall was stunning, the factors that caused it were more mundane. getAbstract recommends his short blog post to every business leader who wants to avoid the mistakes that bring down many once-successful enterprises.

Take-Aways

  • The same factors that led to the collapse of the retail giant Sears bring down many, once-successful endeavors – be it a business, career or investment strategy.
  • Successful companies often fail because they stop doing what made them successful or because they become so set in their ways that they fail to adapt to change.
  • Entrepreneurs often lack the necessary skill set to manage a rapidly expanding company and may fail to develop a thriving and lasting corporate culture. 

About the Author

Morgan Housel is a partner at Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.

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