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  • May 20, 2024
  • Article
  • a16zcrypto.com

Porter’s Five Forces and Competitive Advantage in Web3

By: Scott Duke Kominers and Liang Wu
  • Format:Electronic
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Abstract

Competitive strategy — the art of crafting and executing plans to achieve an advantageous position in the market — is integral to any business, and especially relevant for platforms because it determines their ability to achieve network effects and scale. But web3 fundamentally transforms the nature of competition and collaboration, which necessitates a rethinking of the way firms establish their market position, achieve network effects, and capture value.

Keywords

Five Forces Framework; Competitive Strategy; Business Strategy; Network Effects; Digital Transformation

Citation

Kominers, Scott Duke, and Liang Wu. "Porter’s Five Forces and Competitive Advantage in Web3." a16zcrypto.com (May 20, 2024).

About The Author

Scott Duke Kominers

Entrepreneurial Management
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