Asymmetric Advantage: an asymmetric advantage goes beyond a normal advantage of knowledge into the realm of having asymmetric information and knowing things others do not. For example, others may be aware of certain operations of our business, but only we can actually do those things. If we have an operational advantage we have an asymmetric advantage. A Patent can used to establish this kind of advantage, but not necessary if the advantage takes skill and discipline others find it difficult to achieve or retain long term.
Asymmetric advantage is based on knowing something that creates value or has an edge that others don’t. An asymmetric advantage is protected and maintained through the distinctions between knowledge of a concept vs. actually being able to do it. The Illusion of Asymmetric Insight is useful to maintain an asymmetric advantage because people perceive their knowledge of others to be greater than what it really is. The overconfidence of others is also helpful, since a person’s subjective confidence in his or her judgments and knowledge is greater than the objective accuracy of those judgments, and overconfidence is even asymmetric: this is more true when confidence is high.
Disruptive competitive edges are based on having an asymmetric advantage.
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