In a market characterized by homogeneous competition, how can a company (in the tool cabinet/tool cart industry) build its own competitive advantage?
In the seemingly homogenous tool cabinet/tool cart industry, building a competitive moat is indeed challenging, but by no means impossible. The key lies in constructing a value system that competitors find difficult to replicate. Below are some specific strategies, categorized into five levels based on industry characteristics: I. Deepening Product Value: From “Tool Storage” to …