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Creating enormous value over the long term requires turning a tactical edge into some form of durable advantage.
Lastly, is there a durable advantage embedded in the maps that favors those holding the pens even when the other party gets more votes?
For most of the spring and summer, with a seemingly durable advantage in the polls, Gov. George W. Bush chatted genially with voters about his own good intentions, and his swipes at Vice President Al Gore were fairly perfunctory.
Proximity to European markets, for example, remains a great strength for Poland and the Czech Republic, while it is hard to quantify the biggest drags on Russia's growth.Once they are established, local clusters of employees, infrastructure and know-how become a durable advantage, as in China's case.
Today, incumbent firms struggle to gain durable advantage (D'Aveni et al. 2010).
Kathay Feng, national redistricting director at Common Cause, said the court could require challengers to wait a few elections to show that one party had obtained a durable advantage.
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Mr. Buffett "looks for companies with a durable competitive advantage," Ms. Dudney said in an e-mail.
"Intuit will sharpen its focus on directly serving consumers and small businesses, and continuing to build our durable competitive advantage in those segments".
"Our problem -- which we can't solve by studying up -- is that we have no insights into which participants in the tech field posess a truly durable competitive advantage".
Warren E. Buffett — who once called an investment in US Airways in the early 1990s one of his biggest mistakes — summed up the industry's predicament in a letter to shareholders in 2008: "Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers.
"Here, a durable competitive advantage has proved elusive ever since the days of the Wright Brothers".
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