article thumbnail

The Small Business Advantage

Six Disciplines

Another businessman understood how to use this advantage. He set up a 50% profit-sharing program in which a portion of the profits was retained by the employees themselves and the remainder was given away by the employees to charitable causes. Customer Intimacy. And if it did, it probably wouldn''t be noticed.”.

article thumbnail

The Small Business Advantage

Six Disciplines

Another businessman understood how to use this advantage. He set up a 50% profit-sharing program in which a portion of the profits was retained by the employees themselves and the remainder was given away by the employees to charitable causes. Customer Intimacy. And if it did, it probably wouldn''t be noticed.”.

article thumbnail

Invest in Proprietary Data for Competitive Advantage

Harvard Business Review

Translating those insights into profitable new and improved services and sustained competitive advantage is another matter altogether. Without such data it is simply too easy for competitors to let you do the hard work of innovation, then copy your insights and erode your competitive advantage.