Competitive Advantage Drucker Finance Organization 
Harvard Business Review
SEPTEMBER 28, 2015
.” Value investors like Graham and Buffett believe that the sources of sustainable returns on capital are not a company’s human assets but their so-called “economic moats,” structural, durable competitive advantages around revenues or costs. The odds aren’t favorable.
Harvard Business Review
JANUARY 13, 2014
Peter Drucker famously said that the point of a business was to create a customer. Worshipping at what Christensen calls the “church of finance” hollows out a company’s competitive advantage, as it loses the capacity to invest in innovation that drives the perpetual reinvention so necessary in today’s world of temporary competitive advantage.
Expert insights. Personalized for you.
8 
Let's personalize your content