Speaker unverified: belief

Transcript context

…Hamilton and Chenyi, can we ask you, what are the most common power types in today's technology-driven world, where people might find expansion opportunities inside of their current power umbrella? I think particularly for earlier-stage companies, the three most common power types that you will find are scale economies, network economies, and switching costs. It's actually often that you'll have counter positioning because that's how you tackle your incumbent in a space. But there are a couple of other power types that don't really come in until the more mature phase of the business, and that's laid out in a book like process power or brand power. You really need to develop them after years and years of experience honing in on the core business. For the benefit of the audience today, we thought it'd be more useful to focus on the three types of power—skill, network, and switching cost—which is probably the most common that we'd find out there. Are you not including counter positioning here because it's hard to find a second business under a counter positioning umbrella?…

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