Many struggling entrepreneurs fail to see these hidden dynamics clearly. They assume others succeed because of luck or because they have better starting capital. But in reality, when you understand who holds power—buyers, suppliers, or new entrants—you see exactly where you can protect your profits or stand out from the crowd. Without this insight, you could put all your energy and money into a business model that’s ripe for copycats, limited by supplier dictates, or overshadowed by bigger players.

from “Industry Dynamics”