Five Ways That You -- and Companies -- Can Maintain a Competitive Edge

Five Ways That You -- and Companies -- Can Maintain a Competitive Edge

Getting ahead isn't simply a matter of having a great idea, nor of improving your mastery in your chosen arena. The key is to focus on edges that you can keep for the longer term. In the Aug. 28 episode of Motley Fool Answers, Alison Southwick and Robert Brokamp are joined by former Fool Morgan Housel to talk about figuring out what your sustainable advantages are, both in investing and in life. Plus, Alison presents the guys with a pop quiz on some memorable business-world failures.

A full transcript follows the video.

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Source: Fool.com