it has been said that the critical elements of competition are inovation,quality and speed to the market?

Question

it has been said that the critical elements of competition are inovation,quality and speed to the market.In the light of technical advance, is this view still sufficient?

Answer 1

Yes. Innovation, quality product and customer service and being the first in the marketplace are still relevant. A book you may want to check out is Rule Breakers, Rule Makers by the Gardner brothers, www.fool.com. It highlights 6 important factors when looking at investing, but if you look at it from the perspective of the business owner that is trying to attract investors these factors help assess your Strengths, Weaknesses, Opportunities, Threats.