You have to have an international reference of competition. You have to have the highest [standards]. Carlos Slim Helu, Mexican business magnate, investor, philanthropist, and world’s wealthiest person Assessing industry condition and industry status provides a starting point for understanding competition. To outperform the competition, the learning curve, complementary assets, and reputation effects are key factors for entrepreneurs to understand. This is the competition element of the Opportunity Analysis Canvas. Retrieved from: The Opportunity Analysis Canvas - Edition 2.0 How does the learning curve influence your success? When we define a learning curve, we’re exploring the rate of learning over time. How long does it take to get good at something? For a simple game, such as the Angry Birds app, it’s probably an hour or two. Once you understand the basic principles of the game, you can build reasonab...
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